System and Method for Identifying Retail Tire Sales
AssigneeDealer Tire, LLC
InventorScott Mueller
Life of this patent
Estimating the term…
Abstract
The present invention describes a system and method for evaluating an automotive service center's opportunities for retail tire sales and service, including projecting potential sales and generating other business information for creating a tire service center at an existing repair service center. The present invention may be utilized for service centers which are independent or part of a dealership. The dealership may include both new car sales, used car sales, and a service center.
Claims17
A method of calculating the return on investment associated with establishing a retail tire sales business, wherein the business sells tires to one or more carlines, comprising:
- determining a sales goal measured in number of tires to be sold for a period of time;
- calculating a tire sales figure for a time period by adding an average retail tire price and a charge for services involved in mounting and balancing a tire to generate a sum, and multiplying the sum by the sales goal;
- calculating a service lane tire profit by adding together a total tire gross profit based on the sales goal and the average retail tire price and a cost associated with supplying labor at the tire service center;
- calculating the total net profit by adding additional savings and subtracting additional expenses;
- calculating the capital investment by adding together cost of purchasing tire installation equipment and inventory investment costs;
- and
- calculating the return of investment by dividing the total net profit and expense savings by the capital investment.
A system of calculating the return on investment associated with establishing a retail tire sales business, wherein the business sells tires to one or more carlines, the system comprising:
- one or more data processors;
- one or more computer-readable mediums encoded with instructions for commanding the one or more data processors to execute steps that include:
- determining a sales goal measured in number of tires to be sold for a period of time;
- calculating a tire sales figure for a time period by adding an average retail tire price and a charge for services involved in mounting and balancing a tire to generate a sum, and multiplying the sum by the sales goal;
- calculating a service lane tire profit by adding together a total tire gross profit based on the sales goal and the average retail tire price and a cost associated with supplying labor at the tire service center;
- calculating the total net profit by adding additional savings and subtracting additional expenses;
- calculating the capital investment by adding together cost of purchasing tire installation equipment and inventory investment costs;
- and
- calculating the return of investment by dividing the total net profit and expense savings by the capital investment.
A computer-readable medium encoded with instructions for commanding the one or more data processors to execute steps that include:
- determining a sales goal measured in number of tires to be sold for a period of time;
- calculating a tire sales figure for a time period by adding an average retail tire price and a charge for services involved in mounting and balancing a tire to generate a sum, and multiplying the sum by the sales goal;
- calculating a service lane tire profit by adding together a total tire gross profit based on the sales goal and the average retail tire price and a cost associated with supplying labor at the tire service center;
- calculating the total net profit by adding additional savings and subtracting additional expenses;
- calculating the capital investment by adding together cost of purchasing tire installation equipment and inventory investment costs;
- and
- calculating the return of investment by dividing the total net profit and expense savings by the capital investment.
Dependencies are inferred from the claim text.