Tyre Store

How Much Does It Cost To Start A Tyre Store? (In 2024)

Updated: January 18th, 2023

Looking to start a tyre store?

But curious about:

  • how much it costs to start a tyre store?
  • what are the typical tyre store startup costs?
  • or the actual cost of starting tyre stores?

Well, we have the data to prove it, supported by real tyre stores and how much they actually cost to start.

Let's go over it.

Learn more about starting a tyre store:

Where to start?

-> Pros and cons of a tyre store

Need inspiration?

Other resources

Equipment & Supply Expenses

Starting a tyre store may require purchasing some equipment, whether that's for producing the product or packaging the goods, or equipment needed in the back office.

Cost Required? Min Cost Max Cost
Cleaning Supplies ➜

Optional

$63

$200

First-aid Equipment ➜

Optional

$3

$500

Uniforms

Optional

$0

$500

Retail Business Expenses

If you plan to have a brick & mortar location for your tyre store, you must weigh the costs of your rent, as it may be the most expensive part of running your business.

Rent costs for your tyre store very much depends on your location. This cost will vary by both region and specific areas of town: a lease in the heart of Manhattan could cost over $80,000/month in rent. Meanwhile, a storefront lease in Florida or Tennessee could cost less than $1,000/month.

Cost Required? Min Cost Max Cost

Shop Decor

Optional

$0

$5,000

Utilities (storefront business)

Optional

$0

$1,000

Building improvements and remodeling

Optional

$0

$950

Storefront Property Rent ➜

Optional

$1,250

$3,500

POS System

Optional

$0

$1,200

Software Expenses

Your tyre store needs software to run efficiently!

Why spend money on software? Because it can help you save time and automate certain parts of the business, so you can focus on the most important matters. Software and technology can help you grow your business, and save you from expensive personnel costs.

Cost Required? Min Cost Max Cost

Email marketing tool

Recommended

$0

$100

Accounting & Invoicing Software

Recommended

$0

$50

Project Management Software

Recommended

$0

$25

Social Media Management Tools

Optional

$0

$50

Payroll Software

Optional

$0

$200

Inventory Expenses

If you sell a physical good, you'll likely have to start with some inventory.

Cost Required? Min Cost Max Cost

Upfront Costs For Inventory

Optional

$300

$5,000

Inventory Storage

Optional

$0

$5,000

Package Design ➜

Optional

$50

$3,000

Shrinkage

Optional

$0

$1,000

Distribution costs

Optional

$0

$750

Advertising & Marketing Costs

Cost Required? Min Cost Max Cost
Business Cards ➜

Optional

$0

$50

Tradeshow costs

Optional

$0

$5,000

Networking Membership Fees

Optional

$0

$250

Business Signage ➜

Optional

$75

$2,486

Direct Campaigns, Printing and Mailing

Optional

$0

$300

Influencer Marketing

Optional

$0

$750

Press

Optional

$0

$500

Google Ads

Optional

$0

$300

Website Costs

Every business should have a website, and it's worth spending a bit of money to set it up right.

Cost Required? Min Cost Max Cost
Domain Name ➜

Required

$12

$200

Business Email Hosting Service ➜

Recommended

$1

$15

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