The Franchise Broker Academy offers the training and support systems needed to succeed in the very lucrative field of Franchise Brokering

Test 3

DRIVE N STYLE

2019 Costs & Fees

 Liquid Capital Required: $60,000
Net Worth Required: $125,000
Total Investment: $85,000

Franchisor Details

Total Units: 73
Year Founded: 2005
Home Office: Charlotte, NC

About Us

Drive N Style RedDrive N Style is a subsidiary of Driven Brands, one of the world’s largest franchisors of automotive concepts.

We offer consumers the advantage of expert vehicle appearance care and enhancements at their home, work or place of business. As the nation’s only mobile provider, we bring a full range of vehicle appearance care and enhancement services directly to consumers.

Franchise owners benefit further from our proven business-to-business (B2B) model with new and used car dealers that provides for a consistent, ongoing revenue stream. Nearly every used vehicle sold at a car dealership requires some form of interior or exterior restoration. Since most dealerships obtain these services from multiple providers, Drive N Style delivers the added benefit of obtaining all these services from a single, trusted source.

In addition to a wide array of services, Drive N Style provides car dealerships with a host of profit opportunities that enables them to offer Drive N Style services to their customers in the Finance Office and in the Service Drive. This differentiates Drive N Style from its competitors.


Training and Support

Our world-class training and support includes:

  • 7-week training program including launch support and one week of selling assistance in your market
  • Proprietary sales system
  • Protected territory
  • Monthly marketing support
  • Customized online sales presentations and marketing collateral
  • Ongoing business management training
  • Online product ordering
  • Strategic growth plans and budgets for each franchise

Owner’s Role

Drive N Style 01

Owning a franchise can be one of the most rewarding career options available in today’s economy. Not only does being a small business owner allow you to be flexible and set your own hours, it lets you control your own destiny.

Drive N Style franchises are scalable businesses that allow you to grow incrementally. You’ll certainly have a leg up if you’ve managed or owned a small business before, but our training and support will help you reach your goals even if you don’t have previous experience in the automotive industry.

Qualities of a successful franchise:

  • Strong Sales Skills
  • Customer Management
  • Community Involvement
  • Relationship Building
  • Financial Management

Franchise Investment

Drive N Style 02

Your initial investment for a Drive N Style franchise is generally under $85,000*.

Your initial investment includes:

  • One territory consisting of 40 new car dealerships
  • Down payment and first three monthly payments for two Drive N Style vans
  • Initial products, supplies and equipment for all services
  • Point-of-Sale hardware and software
  • Business insurance
  • Storage facility rent
  • Travel expenses for training
  • Operating capital

*See the Drive N Style FDD for Specific investment requirements

Low Fixed Costs of Operations

One of the most attractive features of owning and operating a Drive N Style franchise is its low fixed costs of operation. Operating a mobile business means there’s no rent and no long-term lease or other costs typically associated with a brick and mortar retail location.


Drive N Style 03

Ideal Candidate

We’re looking for franchise owners who are outgoing and have sales, marketing, and/or management experience, and who are results oriented. A person who can build relationships, lead a team, and who has the motivation to excel! You must have a minimum of $60k in liquid capital, and be ready to make a full-time commitment.

Corporate Office: 440 South Church St. Suite 700
Charlotte, NC  28202
Contact: Jarrod Brooks
Phone: 843-425-9736
Fax:
Email: jarrod.brooks@drivenbrands.com
Franchise Fee: $45,000
Royalties: 7.5%
Cash Investment: $30,000
Total Investment: $74,810 – $86,370
VetFran: Yes
Master Franchise / Area Developer Opportunity: No
Founded: 1985
Franchised: 1993

Commission:

Single: $25,000; Multiple: 40% of franchise fee; Resales: $25,000 or 10% of purchase price

Available Resales

  • There are currently no resales listed for this franchise.

Additional Details

Drive N Style combines automotive interior restoration, exterior paint repair/refinishing and detailing to make used cars look new again. We market primarily to new and used car dealerships. Our services help new and used car dealers sell more vehicles, more quickly and for more money. This is a very simple business model that boasts a minimal initial investment, low overhead, low inventory requirements, high margins, quick ramp up and repeat business.

Why we feel this industry should be considered:

  • Used vehicle sales continue to post steady growth after being hit hard by Cash for Clunkers and great recession
  • Dealership inventory steadily growing which increases business opportunities
  • New car leases growing; vehicles need repairs when turned in

Our ideal franchisee / candidate:

  • 685 or better FICO Score
  • Minimum Liquid (not borrowed): 1 = $50k, 2 = $75k, 3 = $90k
  • Minimum Net Worth: 1 = $100k, 2 = $180k, 3 = $275k
  • Must be decisive, confident, willing to follow our system
  • Energetic. Smart. Customer Service focused. Good communicator.