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Driver Hire Franchise Business In Lancaster For Sale

Lancaster, Lancashire, UK
Asking Price:
£50K - £100K Furniture / Fixtures and Inventory / Stock included
Turnover:
£200K - £500K
Net Profit:
Available on request

Driver Hire is the UK’s largest specialist logistics recruiter, with over 100 offices nationwide.

Established for 39 years, Driver Hire has found success as a recruitment business due to its proven formula, which combines a market-leading brand name, robust business systems, and comprehensive training and support.

Driver Hire Lancaster has operated since 2001 and has been operated by the current franchisee from 2009 to present. The franchisee is currently looking to sell for personal reasons. The business covers a very large territory, consisting of all the LA postcodes, and primarily supplies temporary workers (e.g., drivers) to a wide range of clients and sectors, e.g., haulage, parcel delivery, retail, construction, oil and gas, waste management, agriculture, and local councils, to name a few. Effectively, any company operating a fleet of vehicles could benefit from the transport services and drivers supplied by Driver Hire.

Driver Hire is one of the UK’s top franchises, winning the prestigious BFA HSBC Franchisor of the Year award in 2019. This is the sixth time this management franchise has won a BFA HSBC Franchisor of the Year award.

The driver hire network contains very successful franchisees who consistently deliver great results. The average turnover figure for a Driver Hire franchised office (single unit) in the most recent year (2021/22) was an impressive £1,230,183. The top Driver Hire franchised business (single office) generated over £3 million in sales.

Financial details and profit figures for Driver Hire Lancaster can be provided following an initial conversation.

For more information on this opportunity, please contact the seller through the form at the bottom of the page.

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Property Information

Property:

Leasehold

Location:

The Driver Hire Lancaster office is currently located in Carnforth and covers all the LA postcodes, including Lancaster, Carnforth, Morecambe, and Kendal.

Premises Details:

The leased office comprises of 5 rooms, over 2 floors, including a small kitchen. There is parking space for several cars. Rent is £5,100 per annum.

Business Operation

Expansion Potential:

The franchisee comments, "There is a large and diverse area offering a rich source of existing and potential business. In addition to the established business of supplying logistic companies, there are more diverse sectors including manufacturing, agriculture, and the Lake District tourism and hospitality sector." It’s fair to comment that there are genuine reasons why the business hasn’t performed better – there’s certainly scope to significantly improve turnover.

Competition / Market:

The existence of competitors is typical in the recruitment sector. The Lancaster area is no different. Driver Hire is a well known company with a strong brand.

The recruitment sector (including logistics recruitment) is a thriving and competitive market. Our franchisees benefit from an extremely strong brand, proven business processes and extensive support. Combined with the hard work, motivation and commitment of the franchise owner, Driver Hire has a competitive edge which helps ensure its franchisees consistently succeed.

As mentioned earlier, the average full year turnover of a Driver Hire business (single office) for 2021/22 was over £1.2m.

Reasons for selling:

Selling for personal reasons.

Trading hours:

Monday to Friday office hours, then 24/7 on-call phone

Employees:
2
Years established:
2001 (in Lancaster); 2009 (current franchisee)

Franchise Information

Franchise opportunity:

Franchise Resale

Franchise terms:

The successful applicant will sign a new 5-year agreement with the franchisor

Other Information

Support & training:

Driver Hire is a multi-award-winning franchise business, and the support provided by the franchisor to franchisees is a major contributing factor to the company's success.

Initial training consists of 2 weeks on Driver Hire's Foundation Course, plus time in a Driver Hire office. Ongoing support is provided by the franchisor (Driver Hire Group Services), who employs over 70 staff. Support includes: Area Manager, national accounts, marketing, IT system and support, HR, and invoicing.

Financing available:

Banks can typically support a buyer with up to 70% of the required capital.

Furniture / Fixtures value:
£2,000 - included in the asking price
Inventory / Stock value:
£500 - included in the asking price
Website:
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Related Documents:
Relocatable:
This business can be relocated.