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Why Franchising

Starting up any new business involves an element of risk but it has been demonstrated that franchising can significantly reduce that risk.  With franchising, you’re using a business system that has been tried and tested.  You receive the benefit of a corporate image, know-how, experience, training and ongoing support, all of which should enable you to build your business quickly and profitably.

In return for these benefits you pay an initial fee to cover the franchisor’s costs incurred in helping you set up, and ongoing fees for the regular support that you receive throughout the term of the franchise.  It is your responsibility to provide start-up and working capital for the business, find premises, purchase equipment and employ staff, although the franchisor will provide advice on these matters.
In effect franchising is a business partnership in which both parties, the franchisor and the franchisee, depend upon each other’s efforts for continued success.

The franchise relationship is governed by a detailed legal agreement, in Driver Hire’s case, for a period of 5 years.  This agreement sets out the rights and responsibilities of each party and contains the right to renew at the end of the term, subject to satisfactory progress.

Another major benefit of franchising is that banks are generally more willing to lend money to someone investing in a franchise rather than a conventional start-up business.  Because of Driver Hire’s successful track record, funding of up to 80% is available subject to status.