Financial Terms
Cash Investment (Liquid): $50,000
Minimum Investment: $83,465
Maximum Investment: $156,555
Minimum Net Worth: $150,000
Franchise Fee: $54,900
Royalty Type: Flat Percentage Fee
Royalty Fee Structure: 7%
Ad Fee Structure: 1-2%
Business Type
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Home Based
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Office Space
B2B/B2C
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B2C
Discounts
-
Vet Fran
Average # of Employees:
3-4
Participation Type:
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Owner-Operator
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Executive Model
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Semi-Absentee
Background
Year Established: 2006
Year First Franchised: 2019
The Driveway Company
WHO ARE WE?
The Driveway Company is a one-stop opportunity for your concrete repair, renew, and maintenance needs. They've been in business for over 30 years.
Ninety percent of concrete driveway replacements are preventable. Due to the rate that concrete can deteriorate, it's smart for homeowners to prepare their driveways, walkways, pool decks, and patios ahead of time. In the cooler months when rain and snow absorb and moisture penetrate unsealed concrete, freezing can cause up to nine percent expansion. The concrete will then loosen and start to crumble, damaging the appearance while making it even more susceptible to further damage. For those of you that use salt and chemicals to remove ice, even more damage is being done to unprotected concrete. In the Southern climates, heat can cause surface damage to concrete as water seeps down below the surface and is absorbed.
Why US?
There are no national competitors to The Driveway Company and any local competition, if any, are scarce. No one focuses on crack & joint sealing as a method of prolonging the life of the concrete. Their proprietary method for sealing (not just filling) cracks, expansion joints, and control joints gives them an advantage in the marketplace. Most concrete companies will just replace a pad rather than repairing. Most homeowners are not satisfied with the look of a single pad of concrete as the color will forever be a different color and finish than the original concrete.
With the addition of their decorative overlay products & services, they can now resurface driveways, patios, pool decks, porches, and walkways.
Support
Training: Initial training - 1 week at corporate office in Waco, TX. 24 hours of classroom training and 16 hours of hands-on training out in the field with a crew.
Ongoing Support - Field consultant assigned to every franchisee with 24/7 assistance.
Monthly financial assistance and planning with field consultant.
Ideal Candidate
Someone with management experience and charisma that includes task performance management, hiring, developing/inspiring their team.
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