Financials

We provide you with a tried-and-tested and scalable business model for your journey with The Wheel Specialist franchise.

Because around half your customer base pays upon completion of a job, you’ll enjoy positive cash flow. With few employees for such a substantial business, you can avoid many of the HR headaches associated with other premises-based franchises.

On top of the potential for significant annual profits, you’re also building a valuable asset: established The Wheel Specialist franchises have sold for several hundred thousand pounds, providing an exceptional return on your investment and the option of a superb retirement plan.

We look forward to sharing a full financial breakdown with serious parties, including evidence of existing franchisee performance and sales.

Investment

  • Our minimum personal investment criteria for opening a new franchise with us is £80,000.

  • Our franchise fee is £34,997.00 + VAT

  • Our estimated total project cost is £180,000 + Working Capital

There are a number of variables that influence the total cost of the investment, and because of this, we urge you to get in touch to discuss the opportunity further.

We have established relationships with lenders who know and like our proven model based on the performance of existing franchisees.

Growth Pathway

Financial Due Diligence Template available following a Discovery Day

We offer all serious prospective franchisees our Financial Due Diligence Template to help you navigate your financial planning process.

This template provides a framework for prospective franchisees and their financial advisors to personalise their financial planning and projections for their specific startup and territory.

Within the template, you will find:

  • Cover Information: This includes the important information and key steps you need to be aware of prior to using the template

  • Summary Information: This includes a headline summary, Monthly and Yearly summary of Sales, Overheads and Projected profits for years 1 to 3. As well as a bank balance summary and monthly cashflow summary.

  • Data Input sheet Information: This includes editable and example input data and guidance for: Start-up costs, Funding, Profit and Loss forecasts and Balance sheet information

  • Projected Profit and Loss, Balance Sheet, and Cashflow Information: This is key in-depth financial information, using the information inputted to the Data input sheet. It includes key financial information such as a breakdown of Sales, Direct Costs, Overheads, Profits and Breakeven levels, Fixed Assets, Current Assets, Current Liabilities, Long-Term Liabilities, Opening bank balance, Cash Flow, Closing bank balance, and much more.

You are responsible for replacing it with information specific to your business and territory. You will need to be able to explain any figures retained from the example, demonstrating your due diligence by referencing regional variations or other relevant factors. There are many variables within the example, which are explained throughout. This template is to be used as a guide only to enable you to do your own financial planning.

Because it contains business-sensitive data, we require all potential franchisees to attend our Discovery Day before they are sent the information. The first step is to book a call with George, our Franchise Recruitment Manager, who will also take you through the headline numbers on an initial conversation. 

Each Franchisee is responsible for their business

Please note: the figures and information set within the Financial Due Diligence Template are purely illustrative. They do not represent any representation or guarantee that the figures or any other aspects will be achieved.

The success of a franchise is linked to many factors, such as the location, ability of the franchisee and resources devoted to the franchise.