Tint World Franchise in 2024: Costs, Fee & FDD
Considering investing in the automotive aftermarket industry? Discover why Tint World, with over 40 years of experience, continues to thrive. Learn about its costs, revenue potential, and franchise opportunities in this detailed analysis.
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Tint World began in 1982 with a vision to deliver top-notch window tinting services, and it quickly became a standout name in the automotive world. Founded in Tamarac, Florida, it revolutionized window tinting by catering not just to vehicles but to homes, offices, and more. In 2006, Charles J. Bonfiglio, with his background in auto repair franchises, saw the potential in Tint World and transformed it into a franchise system. Now headquartered in Boca Raton, Florida, the franchise has expanded its reach, turning into a recognized name in automotive accessories and window tinting.
Tint World specializes in a range of products and services, from protective films and vehicle wraps to audio, security, wheels, and ceramic coatings. Beyond cars, it serves a wide market, including boats, homes, and commercial spaces. Its core market is auto enthusiasts, businesses, and homeowners looking for customization, protection, and style. The brand’s focus is on enhancing comfort, safety, and performance, offering a full spectrum of solutions from tinting to custom car accessories.
With over 250 locations currently open or in development, Tint World aims to reach 600 franchise locations across North America. Its expansive reach doesn’t stop there—it’s grown internationally as well, with plans to continue broadening its global presence. Each franchise location taps into a sizable customer base, serving drivers and businesses daily, reflecting the growing demand for high-quality automotive services.
Tint World offers robust franchise support, including comprehensive training programs for new franchisees, designed to ensure success in every aspect of the business. Franchisees benefit from ongoing operational guidance, marketing support, and access to the latest industry trends. The brand’s reputation for exceptional customer service has been built on relationships, often serving multiple generations of families, further cementing its place as a trusted name in automotive care.
Tint World Franchise Insights
- Tint World has experienced an impressive 78% growth rate over the past three years, showcasing its strong market demand and franchise expansion potential. This rapid growth highlights the franchise’s ability to thrive in the competitive automotive styling and window tinting industry.
- The franchise offers a diverse range of services, from vehicle tinting and wraps to residential and commercial window tinting, creating multiple revenue streams for franchisees.
- Established in 1982 and franchising since 2006, Tint World has over 40 years of experience in the industry, giving it a solid foundation and reputation.
- With a global presence and increasing demand, Tint World is positioned as the fastest-growing auto styling and window tinting franchise in the U.S., making it a competitive player in the market.
Tint World Franchise Key indicators
Growth YOY (%)
25%
vs industry 0%
Total U.S. Franchised Units
126
3-Year Failure Rate
4%
vs industry 10%
Sales-to-Investment ratio
2.1:1
How much does it cost to open a Tint World franchise?
Understanding the potential investment size and capital requirements is crucial when considering opening a Tint World franchise. These financial commitments, including initial franchise fees, equipment costs, and ongoing operational expenses, impact the feasibility and profitability of the venture. Thoroughly evaluating these factors ensures that potential franchisees are prepared for the financial responsibilities and can make informed decisions about their ability to sustain and grow the business, ultimately contributing to long-term success.
Min & Max Investment
Opening a Tint World franchise involves several key costs, which are outlined in Item 7 of the Franchise Disclosure Document (FDD). You can see a breakdown of the costs to open a Tint World below from the most recent Item 7 below:
| Type of Expenditure | Minimum Investment | Maximum Investment |
|---|---|---|
| Initial Franchise Fee | $49,950 | $49,950 |
| Lease Rent, Deposits, Leasehold Improvements | $75,000 | $175,000 |
| Showroom Displays, Furniture Package | $49,900 | $49,900 |
| Signage Package | $7,000 | $18,000 |
| Equipment Package | $13,000 | $20,000 |
| Administrative, Marketing, Graphics Package | $4,000 | $6,000 |
| Freight, Delivery, Setup Package | $1,000 | $1,500 |
| Software Package | $5,000 | $5,000 |
| Grand Opening Promotion Package | $5,000 | $5,000 |
| Computer Hardware, Phone Package | $4,000 | $5,000 |
| Initial Inventory Package | $30,000 | $40,000 |
| Service Vehicle, Lease Down Payment, Brand Wrap | $1,000 | $5,000 |
| Business Insurance | $500 | $800 |
| Business Licenses | $500 | $800 |
| Accounting, Legal Expenses | $600 | $1,000 |
| Training Expenses | $2,500 | $5,000 |
| Miscellaneous Expense | $1,000 | $2,000 |
| Additional Funds Working Capital (3 months) | $30,000 | $50,000 |
| Total Estimated Initial Investment | $279,950 | $439,950 |
Item 7 in the Franchise Disclosure Document (FDD) is the “Estimated Initial Investment” section. It outlines the total costs a franchisee can expect to incur when starting a franchise, including the initial franchise fee, equipment, inventory, real estate, and other startup expenses. This section is crucial because it provides potential franchisees with a detailed understanding of the financial commitment required, helping them assess affordability and plan their investment strategy effectively.
Required Capital
To open a Tint World franchise or a similar automotive styling franchise, you’ll need to meet specific financial requirements. These requirements ensure that franchisees are well-prepared to cover the initial setup costs and sustain operations through the early stages. Here’s an overview of the capital requirements:
- Initial Capital Investment The estimated total investment for Tint World is between $280,000 and $440,000, which covers expenses like real estate, construction, equipment, and initial inventory. Assuming that you will finance your franchise investment, you should plan to have 20% of the total investment amount in the form of equity (cash) for the investment.
- Liquid Assets Requirement Franchisees typically need at least $100,000 to $150,000 in liquid assets to cover day-to-day expenses and operational needs during the startup phase. This ensures you have cash readily available for unanticipated costs or shortfalls.
- Net Worth Requirement To qualify, you may need a minimum net worth of around $350,000 to $500,000. This ensures financial stability and helps secure financing if needed, as lenders look for a solid overall financial profile.
How much does a Tint World franchise owner make?
Calculating the salary of a Tint World franchise owner involves analyzing gross sales to determine total revenue, assessing operational efficiency to understand profit margins, and accounting for franchisor fees and additional expenses such as rent, utilities, and payroll. Effective management of these factors can significantly impact the profitability and financial success of a Tint World franchise owner. This comprehensive financial analysis helps estimate net profits, from which the owner’s salary can be derived. A clear understanding of these factors ensures accurate salary projections and financial planning for sustainable business operations.
Tint World Revenue & Gross Sales
Tint World has demonstrated solid revenue performance, with median gross sales of $750,624 across its franchise locations. This figure highlights the franchise’s ability to generate strong earnings for its franchisees, particularly in the expanding automotive styling and window tinting sector.
Which key factors impact the average revenue performance of Tint World franchisees?
The strong performance of U.S. franchisee median gross sales for Tint World can likely be attributed to several key factors. First, the franchise’s broad range of services—spanning automotive styling, window tinting, vehicle wraps, and residential/commercial tinting—appeals to a wide customer base, creating multiple revenue streams. Additionally, the growing demand for automotive customization and protection solutions, combined with Tint World’s reputation for high-quality products and services, drives consistent customer traffic. The comprehensive training and support provided to franchisees help ensure operational excellence, while the brand’s marketing efforts, both locally and nationally, boost brand visibility and attract a steady flow of clients.
Tint World Franchise Operational Costs
When opening a Tint World franchise, it’s essential to consider the ongoing operational costs that will impact your day-to-day business. These costs will ensure your franchise runs smoothly and delivers the high-quality services customers expect. Here are some of the key operational expenses to keep in mind:
- Labor Costs Paying staff for their expertise in automotive styling, tinting, and other specialized services.
- Inventory and Supplies Regular replenishment of tinting films, auto accessories, detailing products, and other service materials.
- Facility Maintenance Costs associated with keeping your location clean, organized, and compliant with safety standards.
- Equipment Upkeep Maintenance and repair of essential equipment like tinting machines, cutting tools, and automotive lifts.
- Utilities Electricity, water, and other utilities necessary for operating the shop and providing services.
Managing these costs efficiently will help ensure long-term profitability and success for your Tint World franchise.
Tint World Franchise Fees
When considering a Tint World franchise, it’s crucial to account for the ongoing fees that contribute to your overall operational costs. These fees help support the franchise system’s infrastructure, marketing, and training, ensuring that franchisees have access to high-quality resources and brand visibility. Here are some of the key fees you’ll encounter:
- Royalty Fee A 6% of gross revenues or a minimum of $500 weekly, whichever is greater. This fee covers the ongoing support, operational guidance, and system improvements provided by the franchisor to keep your business competitive and efficient.
- National Advertising Fund (NAF) Up to 6% of gross revenues or $1,000 weekly, whichever is greater. These funds contribute to nationwide marketing efforts, helping to promote the Tint World brand and drive customer traffic to all franchise locations through both digital and traditional channels.
- Additional Fees There are additional fees for training programs, technology, and other items provided by Tint World that may be applied.
Understanding and planning for these fees is an important part of managing your franchise’s finances, ensuring you can balance costs while leveraging the support provided by the Tint World system.
Tint World Franchise Earnings
The earnings of a Tint World franchise owner can vary depending on factors such as location, sales performance, and effective cost management. However, for owner-operators who are actively involved in the daily operations, there is the potential for significant income. Based on the latest data, the median gross sales for a Tint World franchise are approximately $750,624, with owner-operator earnings estimated at around $90,000. This reflects an operating profit margin of 12%.
Hands-on management and operational efficiency play a key role in maximizing profitability. By actively overseeing daily operations, owner-operators can enhance customer satisfaction, control costs, and drive business growth. These figures underscore the potential for solid earnings in a Tint World franchise, especially for those committed to being engaged in the business.
How to Open a Tint World Franchise
Becoming a Tint World franchisee involves a detailed process that ensures you’re fully prepared for ownership and operations. From the initial inquiry to launching your business, Tint World provides support at each step to help you succeed. Here’s an overview of the process:
- Initial Inquiry You or your franchise specialist submits an initial inquiry basic information about your interest and background. You should also conduct thorough research on the franchise, including seeing all of the information available on the Vetted Biz franchise intelligence platform, including access to the most recent Franchise Disclosure Document (FDD).
- Franchise Application Complete and submit a formal application, which includes financial disclosures and personal background information to evaluate your suitability as a franchisee.
- Discovery Process Participate in a discovery day, where you meet the corporate team, tour the facilities, and gain a deeper understanding of the business model, training, and support.
- Franchise Agreement Once approved, you’ll sign the franchise agreement and pay the initial franchise fee, solidifying your commitment to moving forward.
- Site Selection and Buildout Work with Tint World to find an ideal location, negotiate a lease, and begin building out your store with their assistance in design and layout.
- Training Attend comprehensive training at Tint World’s headquarters, covering everything from operations and marketing to customer service and technical skills.
- Grand Opening Support Tint World helps you with pre-launch marketing, setting up systems, and preparing for your grand opening to ensure a successful start.
Pros & Cons
Pros
Diverse Revenue Streams: Tint World offers a wide range of services, from automotive styling and window tinting to detailing, which creates multiple opportunities for income.
Growing Market: The automotive aftermarket and customization industry continues to grow, giving Tint World franchisees a strong, expanding customer base.
Strong Brand Recognition: The franchise is a leader in its industry, benefiting from a well-known name and reputation for quality.
Cons
Competitive Market: The automotive services sector is highly competitive, requiring franchisees to differentiate themselves and maintain top-quality service.
Skill Requirements: While training is provided, running an automotive services business may require technical know-how or the need to hire skilled employees, which can increase labor costs.
Seasonality of Business: Depending on your location, demand for services like tinting and vehicle customization may vary seasonally, which could lead to fluctuations in revenue.
