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Recruitment Business - Bury St Edmunds & Ipswich For Sale

Bury St Edmunds & Ipswich, Suffolk
Asking Price:
£300,000
Turnover:
£1M - £5M
Net Profit:
Available on request

Driver Hire Bury St Edmunds & Ipswich 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 recruitment business within Bury St Edmunds & Ipswich, a territory which covers the whole of the IP postcode area.

#### Presently the business is enjoying record levels of turnover and profits. ####

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 Bury St Edmunds & Ipswich is very well established in the area, having supplied customers from 1994 to present. The current franchisee has run the business since August 2007 and is now looking to retire.

The franchisee/business has won a number of Driver Hire annual awards: the prestigious Driver Hire ‘New Start of the Year’ and then the ‘Franchisee of the Year’ award the year after. This well-established Driver Hire office has a strong trading history and a large existing customer base (154 trading customers in 2016/17).

The franchisee currently operates the business with a team of very 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 a bfa HSBC Franchisor of the Year five times award winner, collecting the bronze award in 2018.

Driver Hire delivers an outstanding level of performance. In the 2017/18 financial year:
• 15% of Driver Hire franchises achieved sales of over £2million
• 24% of Driver Hire franchises achieved sales of over £1.5million
• 50% of Driver Hire franchises achieved sales of over £1million
• 72% achieved sales of over £750,000
• The average franchise turnover (single unit) was £1,180,450

Note: Net profits should be between 10% and 15% of total sales.

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.

Our territories are carefully configured to offer a customer base with a good mix of national, regional and local firms from a wide cross-section of business sectors.

It should be noted that there is considerable potential to develop the business beyond our traditional area of driver supply into other complementary staff sectors including warehouse, distribution, ancillary industrial and professional.

Property information

Property:

Leasehold

Location:

Driver Hire Ipswich & Bury St Edmunds currently operates from two offices.

The business covers all the IP postcodes which includes:

o Bury St Edmunds
o Ipswich
o Felixstowe
o Woodbridge
o Stowmarket
o Aldeburgh
o Leiston
o Saxmundham
o Southwold
o Halesworth
o Harleston
o Diss
o Eye
o Thetford
o Brandon

Premises Details:

The main office is in Bury St Edmunds comprises a first floor set of offices in a building which is a farm supplies shop/store, with a main office with room for four desks, a drivers’ interview room and a managers/spare office. There are also toilets on this floor and a canteen which is shared with shop/store. The current lease is approximately £10,000 p.a. and includes electricity and gas. This is currently being renewed.

The premises in Ipswich are an ‘easy-in easy-out’ office in a semi-serviced office block. The business currently occupies one room on an industrial estate. The cost is approximately £550 per month with 30 days notice required to terminate.

Business Operation

Expansion Potential:

Whilst being an established office, there is still certainly plenty of scope for significant growth for Driver Hire Bury St Edmunds & Ipswich.

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.

Reasons for selling:

Franchisee is looking to retire.

Trading hours:

Typically 8:30 – 17:00 office hours Monday to Friday and 24/7 on-call from one of your team.

Employees:
In addition to the franchisees, there are currently four other members of staff who between them cover the full range of sales, service, training and administrative duties.
Years established:
Driver Hire Bury St Edmunds & Ipswich is very well established in the area, having supplied customers from 1994 to present. The current franchisee has run the business since August 2007 and is now looking to retire.

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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Related Documents:
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.

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