It’s one of the three leading UK franchises in Elite Franchise Magazine’s Top 100 UK franchise listings, ranked ahead of well-known names that include McDonald’s Restaurants, Subway and Kall Kwik printshops. The overall winner was Home Instead Senior Care.
One of the UK’s longest-standing franchise businesses, Driver Hire sold its first franchise 30 years ago. Over the intervening years its network has grown to over 100 offices nationwide, 92 of which are franchised. It is highly respected within the industry and has been a bfa ‘Franchisor of the Year’ finalist in eleven out of the last twelve years.
The Elite Franchise Top 100 recognises the sector’s brightest businesses, ranking them based on a broad range of criteria including: financial performance, franchise industry heritage, contribution to the community and the way they embrace innovation. Judges for the Top 100 included: Josh Russell (Editor, Elite Franchise), Richard Holden (Head of Franchising, Lloyds Bank Group), and Nicola Broadbent (Head of Franchising and partner at solicitors, Stevens & Bolton).
Graham Duckworth, Driver Hire’s Franchise Sales Director, added: “It’s wonderful for our business and its franchisees to be recognised in this way. We have a well-established business model which supports our franchisees and, in turn, enables them to provide an excellent service to their clients. Looking at the numbers you can see what makes Driver Hire a leading franchise brand in the UK. Our average turnover for a single unit is £1.1m – three times the national franchise industry average of £378k. On top of this average net profit for a Driver Hire franchise is in excess of £120,000. Needless to say, there continues to be strong demand for Driver Hire franchises whenever and wherever territories become available. We’re always keen to hear from anyone who’s interested in joining our business.”