Franchise Opportunities

Dane & Jodie Dovell

What is the term of a franchise?

New stores have a franchise term of ten years. This allows you security of tenure to develop and grow your business.

Do you have to be a mechanic, or have previous experience in tyres?

No, you don’t. While an interest in cars and auto service is helpful, our team of auto service experts will help you in driving the mechanical component of your business. You will need management capabilities, and a commitment to exceptional service.

Can you own more than one Bridgestone Select store?

Yes, you can, after a period of time successfully running your first Bridgestone Select store.

Who selects the site?

We will select the site and secure the lease.  You will have a chance to review the site before making a commitment.

Are there any sites currently available?

We have a number of sites ready to go that could be perfect for you. See our list of opportunities here.

Are franchisees expected to actively work in store?

Yes, you are expected to work in store. This will be an important factor in your success!

What are the costs of opening a store?

The investment required to open a Bridgestone Select store depends on the size and location of the property and whether you’re purchasing a new or existing store. The indicative cost of setting up a new store or purchasing an existing one is from $350,000 - $450,000.

This cost includes your one-off franchise fee of $50,000 (ex GST), training, equipment, showroom furnishings and fit-out, uniforms, phone and security system, POS software and hardware, and initial stock. It does not include your ongoing lease costs.

You will also need a bank guarantee to secure the model stock.

Is a deposit required?

In order to secure your store, there is a $10,000 (ex GST) deposit, which is payable before you are issued with your franchise disclosure document. The deposit is subtracted from your one-off franchise fee of $50,000 (ex GST).

This deposit is fully refundable if we, or the landlord, do not proceed with the store, if you’re not able to secure the needed finance, or anytime 7 days after the disclosure document is provided.

This deposit will become non-refundable seven days after you have received the disclosure document. If you withdraw for any other reasons, your refund will be negotiated on a case by case basis at our sole discretion. 

Can Bridgestone assist with finance?

We cannot assist with finance; however Bridgestone Select is a recognised franchisor with ANZ bank.

What are the ongoing franchise costs?

A low ongoing fee of 3.5% applies to all qualifying products and services. Unlike many franchise systems, we don’t charge a separate levy for marketing.

What can you expect from your investment?

We can’t predict how successful your store will be, but we can provide you with indicative sales and trading data once a confidentiality deed has been executed. For existing stores, we can also put you in touch with the current owner, so you can review their sales figures and trading information.

You will need to seek your own financial advice during the recruitment process, as part of your due diligence, and also to develop and submit your own profit and loss forecast and business plan.

What happens after you submit your enquiry?

As a new franchisee, you will go through the following process:

1. You will be contacted by our recruitment team, and invited to an initial interview
2. After the interview, we’ll ask you to sign a confidentiality deed, and provide you with additional information about your franchise
3. You will then complete a psychometric profiling questionnaire, and a police clearance
4. You will be provided with templates to complete, including a draft Heads of Agreement, business plan, P&L and cash flow.
5. You will attend a second interview, with senior representatives from our retail department
6. After the second interview, you will participate in a Discover Tour, including talks with existing franchisees, and a one day in-store     experience
7. We will issue you with disclosure documents, and you will pay a $10,000 deposit to secure your store
8. We review your business plan, and all remaining due diligence checks are completed
9. We offer you our franchise agreement
10. You complete your induction program, and open your store