Franchimp Summary Rating
Higher than 97% of peers
Franchise Summary
Description
As a franchisee, you will operate a business specializing in secondary movement of automobiles, vans, trucks, and other vehicles for individuals and corporations.
Company Background
Driveaway is the leading provider of vehicle transportation services in North America with over 300 franchisee locations. We specialize in secondary movement of automobiles, vans, trucks and other vehicles for individuals and corporations. Driveaway has been providing mobility solutions since 1991 when it was founded by four entrepreneurs who had a vision to provide quality service at an affordable price.
Franchise Opportunity
We know that buying a car is an exciting time, but it can also be stressful. Finding the right vehicle for you and your family can take hours at dealerships. You need to find the perfect car for you and your family, but it's hard to get out of work in time to visit all of the local dealerships. And even when you do manage to make it out there, they're more interested in selling than helping you find what's best for your needs. Driveaway helps people buy cars online by allowing them to search inventory from multiple nearby dealerships with one simple form. It only takes two minutes!
Corporate Structure
Auto Driveaway Franchise Systems, LLC is a Michigan limited liability company and was organized on October 16, 2007. They have granted licenses in the driveaway and truck-away business since January 1, 2008. Their principal address is 1 East 22nd Street, Suite 107, Lombard, Illinois 60148.
Investment and Franchisee Fees
The total investment necessary to begin operation of an Auto Driveaway franchise is between $87,075 and $172,400. This includes $25,000 that must be paid to the franchisor or an affiliate.
Employee Contact Database
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Distribution of Auto Driveaway Franchisees
Auto Driveaway Franchise System Development in 2016
FAQ
How much investment do I need to start my own Auto Driveaway business?
Franchisees typically require at least $87,075 to $172,400 investment to get their Auto Driveaway business started
What are the initial franchise fees for Auto Driveaway?
Franchisees typically need to pay at least $15,000 in fees directly to Auto Driveaway in order to earn the right to launch their business
How much money can I make with a Auto Driveaway franchise? What are
the average revenues for a typical Auto Driveaway business?
We haven’t done the math on how much revenue a typical
Auto Driveaway brings in each year. We estimate that other
franchisees in the Auto & Travel industry generate
$1,267,503 revenue, so we would expect
Auto Driveaway to generate a similar amount
How long do I need to commit to running a Auto Driveaway unit? What
is my contractual commitment?
The standard length for an initial franchise contract is 10 years. Renewals are
also generally 10 years
Accessibility
The Franchisor's investment costs ranges from
$356,500 to $6,524,200
which is
Much Higher
than the $0 to $0 average in the Automotive industry
What determines the investment cost?
Item 7 of the Franchise Disclosure Document lays out the full list of initial investment costs, including the fee payable to the franchisor, security deposits, equipment, professional fees etc
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