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Successful And Profitable Recruitment Franchise In Chelmsford For Sale

Chelmsford, Essex
Asking Price:
£200K - £500K
Turnover:
£1M - £5M
Net Profit:
Not applicable

Driver Hire Chelmsford 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 Chelmsford and Harlow - a territory which covers the whole of the CM postcode area.

Driver Hire Chelmsford & Harlow is very well established in the area, having supplied customers from 1993 to present. The current franchisee has run the business since 2006 and is now looking to retire.

Under the stewardship of the current owners the business has experienced significant and consistent growth - from £495k in 2005, to £2.8m in 2017/18. The business has consistently achieved an upper quartile position in the Driver Hire network and ranked 2nd (out of 101 offices), in terms of sales revenue and the number of customers billed (in 2017/18).

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 four times award winner of the bfa HSBC Franchisor of the Year award, winning the silver award in 2017.

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 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.

More information available upon request, please contact seller below for further details.

Property information

Property:

Leasehold

Location:

The business has operated from the same premises for over 15 years and is well known and established in the community. It is based on the high street in Witham, Essex.

Premises Details:

The office is on the ground floor with shop front windows allowing you to advertise your presence and current vacancies.

It is part of a multi-complex with a dedicated car park immediately behind, providing unallocated parking. Driver Hire Chelmsford & Harlow currently utilises three parking bays.

Witham is a growing town with a current population of 20,000, with substantial local transport and warehousing sites and is ideally positioned in the territory, being on the main arterial A12 route through the County.

The premises are old but generally regarded by Driver Hire Group services as being exemplary for purpose. The premises comprise of:

• Main office (Open Plan) approx 225 sq ft and is air conditioned
• Rear (separate) office approx 144sq ft and is air conditioned
• Kitchen approx 50 sq ft fully equipped
• Toilet & sink

The premises are rented under licence for a rolling period, with one month’s notice period on either side.

Business Operation

Expansion Potential:

Driver Hire Chelmsford & Harlow has been performing strongly and there is still plenty of scope for further growth. 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:

The current franchisees are looking to retire.

Trading hours:

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

Employees:
This information is available on request and is included in a sales summary of the business.
Years established:
Operating since: 1993 – 24 years

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 four-time bfa HSBC Franchisor of the Year award winner, including the 'Franchisor of the Year Silver Winner' in 2017.

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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