The acquired locations represent five separate transactions, the largest of which was Monro's purchase of 16 Car-X stores in Illinois and Iowa earlier this year from Nona Inc. and its founder Parham Parastaran, who said the timing and buyout offer from Monro were simply right to sell the business his father founded in the 1980s. He continues to operate other businesses his family is involved in.
Other Car-X transactions include:
- One store in Indiana from NTI L.L.C. and four stores in Minnesota from Task Holdings Inc. and Autopar Inc. in July 2016;
- Three stores in Illinois and Indiana from an unnamed Car-X franchisee during fiscal 2016; and
- Four stores in Wisconsin from McMar Inc. in December 2015.
Mobile tire servicing proponent Go Tire Inc. has revamped its strategy and has stopped offering franchises under its original franchising model. Instead the company's management has developed a partnership model with some existing franchisees and has bought out a few others, according to Craig Howes, president.
Go Tire also is planning to raise new capital to boost the number of mobile-fitting vans beyond the current fleet of 15-plus vans in the corporate partnership.
"Naturally, a change in the corporate direction was hard for some of our original franchisees," Mr. Howes said, "so in fairness we provided an option for the early release of their contracts. That said, by spring/summer of 2018, we anticipate we will double, or better, the top number of vans we've ever had. Our growth rate beyond that will be very aggressive."
Go Tire has sought input from its new partners to redesign its franchising model to make it possible for a new franchisee to achieve success much earlier in the lifespan of its business as a Go Tire dealer, Mr. Howes added.
The company plans to add an "Elite franchise" model for those wanting to buy in as multi-unit operators.
Go Tire anticipates relaunching a business plan for the U.S. market by next year. The ultimate goal is to have 100 vans in service throughout North America.
Also in Canada, Montreal-based Groupe Touchette, the self-proclaimed largest wholesale distributor in Canada, operates a pair of marketing programs for customers — Tireland and Tire Partners — but the company said the programs are under review following the arrival of new leadership in the marketing department and therefore opted not to participate in this year's survey process.