Listing Number: 021121-414302
Description
This is a well-established, superbly branded, industry leader offering a vital and necessary service. The franchise legal work has been done, the model has been tested over time, and it provides amazing potential for a buyer who wants to grow both the Calgary operating unit and expand through a franchise.
Note: The 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 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 owners and founder would like to retire, creating an opportunity for a buyer to step in and lead the recovery to pre-covid levels and beyond. They are willing to share marketing strategies that led to past success and can be implemented inexpensively with the marketing materials included in this package if you are willing to put in the time.
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 in 4 provinces 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 a 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 vehicles home safely. Assistant services, including transportation post-surgery and vehicle transportation to and 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, and 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.
2023: $286K
2022: $285K
2021: $248K. Covid closures: 8 weeks
2020: $262K; Covid closures: 11 weeks
2019: $608K
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 head office with more space than needed (sublet opportunity), 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 helping clients make the responsible choice to get them and their vehicle home safely and are 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
