- Franchise 500 Rank
-
N/R Not ranked last year
- Initial investment
-
$75K - $86K
- Units as of 2016
-
61
Company Overview
About Drive N Style
| Industry | Automotive |
|---|---|
| Related Categories | Automotive Appearance Services, Miscellaneous Automotive Products & Services |
| Founded | 1985 |
| Parent Company | Driven Brands |
| Leadership | Jonathan Fitzpatrick, CEO |
| Corporate Address |
440 S. Church St., #700 Charlotte, NC 28202 |
| Social | Facebook, Twitter |
Business Overview
| Franchising Since | 1993 (31 years) |
|---|---|
| # of employees at HQ | 16 |
| Where seeking |
This company is offering new franchises in the following US states: |
| # of Units | 61 (as of 2016) |
|
|
|
Information for Franchisees
Here's what you need to know if you're interested in opening a Drive N Style 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
|
$45,000 |
|---|---|
|
Initial Investment
|
$74,810 - $86,370 |
|
Net Worth Requirement
|
$115,000 |
|
Cash Requirement
|
$20,000 |
|
Veteran Incentives
|
25% off franchise fee |
|
Royalty Fee
|
7.5% |
|
Ad Royalty Fee
|
1% |
|
Term of Agreement
|
10 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 | Drive N Style has relationships with third-party sources which offer financing to cover the following: franchise fee, startup costs, equipment, inventory, accounts receivable, payroll |
|---|
Training & Support Offered
Franchisors offer initial training programs and a variety of ongoing support options to help franchisees run their businesses.
| On-The-Job Training | 50 hours |
|---|---|
| Classroom Training | 15 hours |
| Ongoing Support |
Purchasing Co-ops
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 |
Co-op Advertising
Ad Templates
Social Media
SEO
Website Development
Email Marketing
|
Operations
Additional details about running this franchise.
| Is absentee ownership allowed? | Yes |
|---|---|
|
Can this franchise be run from home/mobile unit?
|
Yes |
|
Can this franchise be run part time?
|
No |
| # of employees required to run | 3-5 |
|
Are exclusive territories available?
|
Yes |
Franchise 500 Ranking History
Compare where Drive N Style landed on this year's Franchise 500 Ranking versus previous years.
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