Question 1

How much does it cost to open a Michelin Retread Shop franchise?

Accepted Answer

The total initial investment for a Michelin Retread Shop franchise ranges from $2.3M to $12.4M, according to the latest Franchise Disclosure Document (FDD).

Question 2

What is the Michelin Retread Shop franchise fee?

Accepted Answer

The initial franchise fee for Michelin Retread Shop is $3K.

Question 3

What are the net worth requirements for a Michelin Retread Shop franchise?

Accepted Answer

Net worth requirements for Michelin Retread Shop are specified in the Franchise Disclosure Document.

Question 4

Does Michelin Retread Shop require a personal guarantee?

Accepted Answer

Yes, Michelin Retread Shop requires a personal guarantee from franchisees. A spousal guarantee is also required.

Question 5

What equipment and inventory costs are involved with a Michelin Retread Shop franchise?

Accepted Answer

Equipment costs for a Michelin Retread Shop franchise range from $1.0M to $6.0M. Initial inventory costs range from $60K to $400K.