How to start a tyre business in South Africa

Starting a tire business can be a great way to make money in South Africa. This is a business that has a high profit potential.

Is a tyre business profitable in South Africa?

Currently in South Africa, one of the major Tyre heavy weight is MRF tyre. From MRF Tyre dealership you can expect a profit margin of 7% to 12%. The profit margin in MRF Tyre dealership is directly proportional to the number of sales you have made.

What do you need to start a tyre business?

The following are the requirement you need to start up a tyre-fitting business

• Research your target market.
• Why will people choose your business?
• Niche markets.
• Pricing policy.
• Promote your business.
• Buy an existing business.

How do I set up a tyre shop?

In South Africa, the following are procedures you need to Start Tire Shop Business

• Do Market Research. The first thing before starting a tire shop is to understand the demand for the local market.
• Choose the Products.
• Business Plan.
• Selecting the Type of Tire Shop.
• Make the Tire Store Legally Compliant.
• Choose a Retail Space.
• Hiring Manpower.
• Procuring Inventory.

 Is a tire shop a good business in South Africa?

Yes, what you need to know is in South Africa, presently, the automobile industry is ever evolving, but tires have remained consistent – and the tire shop is a proven and effective business model. Many different niches exist within the tire business, ranging from retail to repair.

How much does tyre Business make in South Africa?

Generally, For Tyre sales business in South Africa, the average tyre sales representative salary in South Africa is R 240 000 per year or R 123 per hour. Entry-level positions start at R 210 000 per year, while most experienced workers make up to R 2 556 000 per year.

How much does a tyre fitter earn in South Africa?

The average fitter salary in South Africa is R 300 006 per year or R 154 per hour. Entry-level positions start at R 240 000 per year, while most experienced workers make up to R 3 240 000 per year.

What is the profit margin on new tires?

You may earn as much as 20-30 percent profit on each tire selling them at retail, however. Wholesale profit markets measure at 5-10 percent, but you will receive higher volume orders as a wholesaler.

Do you need a qualification to start a tyre business in South Africa?

No, you do not necessarily need to have a degree before starting up a tyre business in South Africa.