The Driveway Company Franchise FDD, Costs & Fees (2024)

KEY FRANCHISE STATS

All you need to know about this franchise in a snapshot

Initial franchise fee
$59,900
Investment required
$89,000 - $169,000
Royalty fee
7.00%

The Driveway Company: Revolutionizing Driveway Care with Precision and Expertise

The Driveway Company is a franchise specializing in the maintenance and repair of residential driveways. Founded in 2008 in Birmingham, Alabama, The Driveway Company has grown significantly since its inception. The company is headquartered in Birmingham, where it continues to develop its business model and expand its services.

The Driveway Company began franchising in 2013, marking its commitment to spreading its unique approach to driveway maintenance across the nation. The franchise offers a range of services including cleaning, sealing, and repairing driveways, with a focus on enhancing curb appeal and prolonging the lifespan of driveway surfaces.

What sets The Driveway Company apart from its competitors is its specialized service and attention to detail. Unlike general home maintenance companies, The Driveway Company focuses solely on driveways, ensuring a high level of expertise and efficiency.

The franchise's dedication to using high-quality materials and advanced techniques further differentiates it in the marketplace, making it a preferred choice for homeowners seeking expert driveway care.

Initial investment

Here's what you would need to invest if you were to start this franchise. These costs are provided by the franchisor in the Franchise Disclosure Document.

Type of Expenditure Amount
Initial Franchise Fee $59,900
Training Expenses (2 people while training) $2,500 to $4,000
Office / Leased Storage Space $0 to $2,000
Renovations & Improvements $250 to $5,000
Service Vehicle & Wraps $1,500 to $48,000
Service Tools & Equipment $1,500 to $3,500
Computer System $1,500 to $3,000
Technology Fee (preopening installment) $450
Uniforms $250 to $650
Initial Supply of Inventory $5,440 to $10,880
Marketing & Advertising (before opening and 3-month period after opening) $500 to $2,500
Home Office Supplies $250 to $1,000
Business Licenses $0 to $1,000
Professional Fees $1,500 to $2,000
Insurance (3 months’ premium) $1,875 to $3,750
Additional Funds (3 months after opening) $11,350 to $21,350
Total Estimated Initial Investment $88,765 to $168,980

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Number of units

2023
Franchised units

9

24

36

Company-owned units

3

2

0

Total units

12

26

36

Franchise Disclosure Document

Training

The Driveway Company Franchise provides a comprehensive training program to ensure franchisees are well-prepared to deliver high-quality services. The training includes:

  1. Initial Training: This is a detailed, hands-on program that covers all aspects of the business, including operational procedures, service delivery, and customer interaction. Franchisees receive training on using the company’s proprietary equipment and techniques.
  2. Marketing and Sales Training: Franchisees learn effective strategies for marketing their services, building a local customer base, and managing sales. This includes guidance on local advertising, social media promotion, and customer relationship management.
  3. Ongoing Support and Refresher Courses: To keep franchisees up-to-date with the latest techniques and industry trends, The Driveway Company offers periodic refresher courses and updates. This training ensures that franchisees continue to provide top-notch services and stay competitive.
  4. Field Support: Franchisees receive on-the-job training through field support, where experienced trainers assist in the day-to-day operations, troubleshooting, and problem-solving as franchisees establish their business.

Territory Protection

The Driveway Company franchise offers territory protection to its franchisees. Each franchisee is granted an exclusive territory, which ensures that no other franchisees will operate within the same area, providing a degree of market security and reducing direct competition. 

This territory protection allows franchisees to build a strong local presence and effectively capture and serve their target market without the threat of overlapping franchise operations.

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