‘High Level’ of Interest in HiQ Equity Franchise Offer - Tire Review Magazine

‘High Level’ of Interest in HiQ Equity Franchise Offer

HiQ is reporting that it has received a “high level of quality interest” following the retail chain’s decision to franchise off 109 company-owned outlets.

HiQ representatives told Tyres & Accessories that despite receiving high levels of interest, the company is expecting more enquiries ahead of the May 16 franchise deadline.

Corporate communications manager James Bailey commented: “The interest levels are high, but it is not simply a case of choosing the highest bidder for each zone. We are looking for franchise partners that can share the HiQ vision and work with us to meet our objectives of creating a viable car care alternative for motorists across the UK that puts customers first, offering a premium experience with the focus on building repeat business.”

The equity owned outlets will be split into 15 regional zones across England and Wales, with each zone available for a franchise partnership. The Northern Ireland and Scottish zones are already franchised to Modern Tyres and McConechy’s respectively.

James added: “We expect the franchise offer to attract interest from both inside and outside the tyre industry. It is a compelling proposition for retailers, who can benefit from the support of a global organization, with access to fleet business thanks to Goodyear Dunlop’s growing list of national fleet agreements.” (Tyres & Accessories/Staffordshire, U.K.)

You May Also Like

Bridgestone Retail Operations rolls out brand refresh for Tires Plus, Hibdon Tires Plus

Updates to the logo include a single-color tire mark; a logo palette comprised of Tires Plus yellow, black and red; and refined typefaces.

Tires-Plus-new-branding

Bridgestone Retail Operations, a subsidiary of Bridgestone Americas, introduced a phased roll-out of new logos and refreshed brand campaigns for the Tires Plus and Hibdon Tires Plus brands. This is the first brand refresh since Bridgestone acquired the two companies in 2006.

According to Bridgestone, updates to the logo include a single-color tire mark; a logo palette comprised of Tires Plus yellow, black and red; and refined typefaces of both the Tires Plus name and Total Car Care subhead.

Yokohama’s Advan Sport V105 tires will be OE for Subaru Impreza in Europe, Latin America

Yokohama said the tire enhances the car’s handling stability and comfort while reducing rolling resistance.

Yokohama-Advan-Sport-V105
OTAA to host free training for members in Akron, OH

The association said these workshops are designed to enhance technician’s technical expertise and keep them up-to-date with the latest industry advancements.

Stock-technician-training-1400
Hankook Tire debuts Great Catch Rebate through July 7

Drivers who purchase at least four tires from eligible lines will qualify for savings of up to $120.

2024-Great-Catch-Rebate-1400
GT Radial Formula Drift team welcomes 14-year-old driver

Minowa, who will be the newest and youngest driver in the Formula Drift 2024 pro season, will be debuting with Team Jerry Yang Racing.

GT-Radial-FD-Driver-Hiroya-Minowa

Other Posts

TIA is now accepting nominations for open board of directors positions

The newly-elected board members will serve three-year terms with the potential for re-election to two additional terms.

OTR-Conf---DIck-Gust-1400
Professional race car driver to compete on Bridgestone Potenza RE-71RS tires

Tom O’Gorman will compete on Bridgestone Potenza RE-71RS tires in the World Racing League Grand Touring Over class during the 2024 season.

Kumho Tire becomes an Official Tire of Formula DRIFT

As part of the sponsorship, Kumho Tire will receive a significant footprint at each of the eight Formula DRIFT events in the 2024 series, including track signage and activation during race weekends.

Kumho_Tire_USA_Formula-DRIFT-sponsorship-1400
Discount Tire acquires six Suburban Tire Auto Repair Centers

The six locations in the Chicago area will continue to operate under the Suburban Tire Auto Repair Centers brand name.

Suburban-Tire-Discount-Tire