- Franchise 500 Rank
-
N/R Not ranked last year
- Initial investment
-
$53K - $89K
- Units as of 2024
-
55 44.7% over 3 years
Established in 2012, Driverseat specializes in transporting people. The franchise's shuttle may provide mass transportation services to events such as weddings and corporate gigs.
Since beginning to franchise soon after its establishment, Driverseat has grown to multiple franchise locations in North America. Driverseat boasts that it only hires the best drivers to drive its clients to their destinations. They also may provide other associated services to maintain and develop success.
The governance model at Driverseat may also contribute to its success—corporate says it focuses on the people and its franchisees more than the profits. As a result, transportation may be affordable, convenient, high-quality, and accessible to everybody.
Driverseat is headquartered in Kitchener, Ontario, Canada and focuses much of its business in Canada. However, it has expanded to the United States and still offers franchises in the country.
Why You May Want to Start a Driverseat Franchise
Owning a Driverseat franchise allows you to be your own boss. If you would enjoy flexible time management, run a business with a purpose, and control your own destiny, opening a Driverseat franchise might suit you. You could get a chance to work with committed drivers who build solid communication and desire success.
Opening a Driverseat franchise could offer a more predictable outcome than investing in a completely new brand that may struggle to thrive in an already crowded and competitive industry.
What Might Make a Driverseat Franchise a Good Choice?
Apart from being a scalable home-based franchise system, Driverseat may offer ongoing support and training, allow you to work in an industry conducive to success, and have a proven recipe for success. Opening a Driveseat franchise may be an opportunity to own a business with low overhead and low capital requirements.
As a franchisee, you will be responsible for developing the business as your team does the driving. You can network and help other businesses grow. With the possibility of improving your community in the process, you may feel as if you are making a difference.
To be part of the Driverseat team, you should make sure you’re financially ready for an initial investment made up of a franchise fee and other startup costs. In addition, you should prepare yourself for ongoing fees that will include royalty fees and renewal fees. Franchisees will also need to meet the company’s set net worth and liquid capital requirements.
How To Open a Driverseat Franchise
If awarded a franchise, franchisees may receive a great deal of support from the Driverseat brand throughout the franchising process. In addition to pre-opening training, franchisees could receive support through brand awareness, marketing, research, and construction. Potential owners of a Driverseat franchise may also receive hands-on training and continued support after their franchise location has opened.
Before making any financial commitment or signing an agreement, you must perform your due diligence and establish if this is the right opportunity for you. As part of your due diligence, you may want to speak to existing franchisees and ask the Driverseat franchising team questions.
Company Overview
About Driverseat
Industry | Services (Other) |
---|---|
Related Categories | Miscellaneous Services |
Founded | 2012 |
Leadership | Brian Bazely, CEO |
Corporate Address |
259 Gage Ave. Kitchener, ON N2M 2C9 |
Social | Facebook, Twitter, LinkedIn, Instagram, YouTube, TikTok |
Business Overview
Franchising Since | 2012 (12 years) |
---|---|
# of employees at HQ | 32 |
Where seeking |
This company is offering new franchises throughout the US. This company is offering new franchises in the following international regions: Canada |
# of Units | 55 (as of 2024) |
|
Information for Franchisees
Here's what you need to know if you're interested in opening a Driverseat franchise.
Financial Requirements & Ongoing Fees
Here's what you can expect to spend to start the business and what ongoing fees the franchisor charges throughout the life of the business.
Initial Franchise Fee
|
$39,000 |
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Initial Investment
|
$53,029 - $89,457 |
Net Worth Requirement
|
$100,000 |
Cash Requirement
|
$65,000 - $125,000 |
Veteran Incentives
|
$5,000 off franchise fee, 10% off royalty fee |
Royalty Fee
|
$329-$429/mo. |
Ad Royalty Fee
|
$300/mo. |
Term of Agreement
|
5 years |
Is franchise term renewable? | Yes |
Financing Options
Some franchisors offer in-house financing, while others have relationships with third-party financing sources to which they refer qualified franchisees.
Third Party Financing | Driverseat has relationships with third-party sources which offer financing to cover the following: franchise fee, startup costs, equipment, inventory, accounts receivable, payroll |
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Training & Support Offered
Franchisors offer initial training programs and a variety of ongoing support options to help franchisees run their businesses.
Classroom Training | 160 hours |
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Ongoing Support |
Purchasing Co-ops
Newsletter
Meetings & Conventions
Toll-Free Line
Grand Opening
Online Support
Security & Safety Procedures
Lease Negotiation
Field Operations
Site Selection
Proprietary Software
Franchisee Intranet Platform
|
Marketing Support |
Ad Templates
Social Media
SEO
Website Development
Email Marketing
Loyalty Program/App
|
Operations
Additional details about running this franchise.
Is absentee ownership allowed? | No |
---|---|
Can this franchise be run from home/mobile unit?
|
Yes |
Can this franchise be run part time?
|
No |
Are exclusive territories available?
|
Yes |
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