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Profitable Recruitment Business In Wakefield For Sale

Wakefield, West Yorkshire
Asking Price:
£200K - £500K
Turnover:
£1M - £5M
Net Profit:
Available on request

Driver Hire Wakefield is part of the national award-winning brand Driver Hire Nationwide, a management franchise operating in the recruitment sector.

This particular franchise resale is your opportunity to run a very successful and profitable recruitment business within Wakefield, a territory which covers the whole of the WF postcode area.

As a Driver Hire business owner you'll specialise in providing staff to the transport & logistics sector, serving clients in both the private and public sector. Customer sectors are very wide-ranging and include, haulage, parcel delivery, retail, construction, oil and gas, recycling and local councils. The number of potential customers for our franchisees is huge. Essentially any company that operates a fleet of vehicles.

Driver Hire Wakefield is very well established in the area, having supplied customers from 1999 to present. The current franchisees have run the business since February 2013 and are now looking to realise their investment.

The office performs well and is within the top 10% of all Driver Hire offices for the number of clients invoiced weekly. Since taking over the business in 2013, they have exceeded their annual turnover targets, increasing turnover from around £687k in their first year to currently over £2m.

The franchisees currently operates the business with a team of experienced staff. It is likely the staff will wish to continue working for the new franchisee. The current franchisee is also willing to assist the purchaser by providing a comprehensive hand-over of the business.

Financial details will be provided on enquiry and profit figures once a non-disclosure agreement has been signed.

Established for over 30 years, Driver Hire's success as a franchised business is based upon a proven franchise formula which combines a market-leading brand name, robust business systems and comprehensive training and support. Driver Hire is also five times award winner of the bfa HSBC Franchisor of the Year award, winning the bronze award in 2018.

In the 2016/17 financial year
• 48% of Driver Hire franchises achieved sales of over £1million
• 71% achieved sales of over £750,000
• 86% achieved sales of over £500,000
• The average franchise turnover (single unit) was £1,106,427

This is a great achievement when you consider that the franchise industry’s average turnover is currently £378,400, according to the 2015 bfa/ NatWest Franchise Survey.

Property information

Location:

The business operates from a business park in the Batley area.

Premises Details:

An open plan office there are two office areas, a meeting/training room and reception area which is used for registering candidates.

Business Operation

Expansion Potential:

Whilst being an established office, there is still certainly plenty of scope for significant growth for Driver Hire Wakefield.

For example, the huge increase in home shopping has stimulated demand for multi-drop delivery drivers. In addition to supplying temporary drivers, Driver Hire franchisees can generate revenue from providing permanent staff, delivering classroom based driver training and selling further complimentary products and services e.g. an online driving licence checker and online learning modules.

Competition / Market:

We operate in a competitive environment but the benefits of an extremely strong brand, a proven business process and central support combined with the hard work, motivation and commitment of the franchise owner provide a competitive edge that has seen Driver Hire consistently succeed where others have failed.

Reasons for selling:

To realise their investment.

Trading hours:

Usually 08.00 –16.30 office hours but 24/7 on-call provision is essential

Employees:
Driver Hire Wakefield is currently staffed by two directors of the franchise and four other employees
Years established:
Driver Hire is very well established in the Wakefield area; supplying customers from 1999.

Franchise Information

Franchise opportunity:

Franchise Resale

Franchise terms:

When you start a franchise with Driver Hire you will sign a detailed franchise agreement. At Driver Hire the franchise agreement is for a period of 5 years and this can then be renewed every 5 years. Driver Hire does not charge a renewal franchise fee. The purpose of the agreement is to set out your rights and responsibilities and that of the franchisor.

Other Information

Support & training:

As you’d expect from a leading franchise, the franchisor provides you with a comprehensive support package, helping you to plan, launch and develop your business to its maximum potential.

The 4 to 6 week intensive Foundation Training provides an excellent starting base supplemented throughout your lifespan as a Driver Hire franchisee by ongoing development and training. This includes; a six-month franchise support programme as well as regular up-dates and networking opportunities.

Each franchisee is also allocated an Area Development Manager and can access a head office support team of over 80 staff working in marketing, national accounts, IT, finance, telesales and training.

Driver Hire is a five times bfa HSBC Franchisor of the Year award winner, including the Franchisor of the Year Bronze Winner in 2018.

In 2016 Driver Hire won the Franchise Marketing Awards for the 'Best Franchisee Marketing Support' award.

Driver Hire has been ranked third in the Elite Franchise Top 100 list for 2018.

Driver Hire is a full British Franchise Association member and Graham Duckworth, Driver Hire’s Franchise Sales Director holds the bfa’s ‘Qualified Franchise Professional’ certification.

Financing available:

Funding for Driver Hire franchises is available through all major banks, subject to status.

Website:
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Relocatable:
This business can be relocated.

Contact Information

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  1. What will happen?

    We will pass a copy of your enquiry information, along with the name of the business you enquired on to finance specialists Rangewell. They will contact you in due course about financing your business purchase.

By submitting this form, you confirm that you agree to our Terms and Conditions. Please note that BusinessesForSale.com will send the above details to Driver Hire Nationwide Franchise. For more information about how we use your data, read our privacy policy.

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