Drive 1
Yes, we actively support the inclusion and development of minority-owned franchises in the Drive 1 system.
Drive 1
6951 Cintas Blvd.
Mason, OH 45040
800#: (888) 801-8888
Tel: (513) 459-8188 + 207
Fax: (513) 459-3045
E-mail: bbender@drive1.com
Web Site: www.drive1.com
Contact: Mr. Robert Bender, Vice President
DRIVE 1 is a growing network of used car dealers. DRIVE 1 provides many of the items you will need to get started, such as initial training program, operations manual, dealership specifications, business and financial planning, start-up materials and supplies. Our franchisees enjoy several exclusive programs, including vehicle acquisition and consumer financing options. Other benefits include a certified vehicle program and quarterly conference meetings.
Franchisor Background
Established: 1987
First Franchise: 1988
Franchise Units: 8
Company-Owned Units: 0
Total Units: 8
Distribution:
> North America -- Operations in 7 States
> States/Provinces with Greatest Density: 2 in VA, 1 in AZ, 1 in GA
Units Owned by Minorities:
>African-American:
>Hispanic:
>Asian-American:
>Native American:
>Other:
Average Number of Employees: 6 FT (FT = Full Time, PT = Part Time)
Space Needs: Varies SF; FS
(for abbreviations click here)
Financial Requirements
Cash Investment: $Varies
Total Investment: $47.1-806.9K
Average Total Investment: $150K
Minimum Net Worth: $Varies
Fees
>Franchise: $25K
>Average Franchise Fee: $25K
>Royalty: $50/Sold Unit
>Advertising: $25/Unit
Provide Earning Claim Statement: Yes
Terms of Contract
Term of Contract (Years): 7
Passive Ownership: Discouraged
Area Development Agreements:No
Sub-Franchising Contracts: No
Expand In Territory:No
Franchisor Support and Training Provided
Site Selection Assistance:Yes
Lease Negotiation Assistance: Yes
Cooperative Advertising: No
Franchisee Assoc. / Member: No
Size Of Corporate Staff: 3
On-Going Support: (for an explanation click here)
Training: 3 Days Mason, OH; 3 Days New Franchise Location.
Specific Minority Program(s) in Place: Although we strongly support the objectives of the NMFI, we do not yet have any specific programs in place at this time.
Franchisor's Specific Expansion Plans
U.S.: All United States
Note: NR = No Response by Franchisor.
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