Listing Number: 021121-414302
Description
Note: Price shown includes a significant inventory ($50K+) in "Inventories" in the form of marketing materials, branded items, etc used in the company's marketing programs.
Get your vehicle home safely!
Operating for over 20 years, this well-established designated driver service presents an exceptional business opportunity for aspiring entrepreneurs. With a proven track record, a solid customer base, and a comprehensive franchise model, this company is primed for expansion.
The current majority owner would like to retire, creating an opportunity for a buyer to step in and lead the recovery to pre-covid levels and beyond. The General Manager, who is also a co-owner would like to sell but is willing to stay on a reduced schedule to aid in the transition (negotiable).
This offer is intended as a Share sale.
Key Features:
Established Reputation: Operating for over two decades, this designated driver service has built a trademarked and reputable brand known for its reliability and customer-centric approach. With a strong presence in Calgary, the company has garnered a loyal customer base and positive word-of-mouth. Past franchisees and related marketing efforts have created brand awareness in many parts of the country.
Turnkey Operation: The corporation owns and operates the Calgary location including centralized dispatch that can provide service to potential franchisees. With its network of driver teams, everything is in place to continue operations seamlessly from day one.
Franchise Model: As the buyer, you will also gain the tested franchise model, including legal, operating, and training manuals. This offers the unique opportunity to expand the business beyond Calgary into other cities. With no current franchisees in operation, you have the freedom to shape the future growth of the company.
Market: The designated driver service industry benefits from increasing awareness of responsible drinking and strict impaired driving laws. Other trends including cannabis legalization and growing vehicle theft and damage claims increase the need for drivers to get their vehicle home safely. Assistant services including transportation post-surgery, vehicle transportation to/from scheduled maintenance appointments are also offered.
Scalability and Flexibility: The franchise model allows you to replicate the proven business model in new locations. With no current franchisees, you have the freedom to choose which Canadian cities to expand into, you can tailor your growth strategy to suit your preferences and market conditions.
Opportunity Overview:
The company reports net revenues on its financials, these revenues are after the drivers have been paid. For comparison the gross revenues are also presented.
2022 - $285K ($738K before driver portion).
2021 - $248K ($608K before driver portion). Covid closures: 8 weeks
2020 - $262K ($594K before driver portion), Covid closures: 11 weeks
2019 - $608K ($1,300K before driver portion)
Industry: Designated Driver Service - Share sale
Established: 1997
Location: Calgary, Alberta, Canada (head office relocatable)
Franchise Potential: Expandable to other Canadian cities, legal in place
Assets: Well-equipped location, central dispatch system and software (under license), brand reputation, franchise package.
Don't miss this chance to own a reputable designated driver service and unlock the potential for franchise expansion. If you're passionate about providing safe transportation solutions and eager to make your mark in the industry, this opportunity awaits you. Contact us now for more information and to explore the possibilities.
Note: For confidentiality reasons, certain details about the business have been omitted. A non-disclosure agreement (NDA) is required to access more complete information.
Listing Details
- Price: $ 324,900
- Down Payment: $324,900
- Sellers Discretionary Earnings: $ 101,000
- Total Sales: $ 284,984
- Location: Alberta
- Inventory: $ 100,000
- FF&E: $ 0
- Employees: 2
- Reason for Selling: Retirement
- Category: Transportation
