The Driveway Company Franchise FDD, Profits & Costs (2025)
The Driveway Company is a franchise that focuses on maintaining and repairing residential driveways. Established in 2008 in Birmingham, Alabama, the company has steadily expanded over the years. It operates out of its Birmingham headquarters, where it continues to refine its business model and enhance its service offerings.
In 2013, The Driveway Company launched its franchising program, aiming to share its innovative approach to driveway maintenance nationwide. The franchise provides a variety of services, including driveway cleaning, sealing, and repair, all designed to boost curb appeal and extend the lifespan of driveway surfaces.
What makes The Driveway Company stand out in the industry is its specialized expertise and commitment to detail. Unlike broader home maintenance businesses, it focuses exclusively on driveways, ensuring customers receive top-tier, dedicated service.
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Initial Investment
How much does it cost to start a The Driveway Company franchise? It costs on average between $89,000 – $169,000 to start a The Driveway Company franchised office.
This includes costs for equipment, materials, initial supplies, and initial operating expenses. The exact amount varies depending on factors such as the size and condition of the driveway service area, the location, and whether the franchisee opts to lease or purchase their business premises.
| 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 |
Average Revenue (AUV)
How much revenue can you make with a The Driveway Company franchise? A The Driveway Company franchised outlet makes on average $159,000 in revenue (AUV) per year.
Here is the extract from the Franchise Disclosure Document:
This compares to $703,000 yearly revenue for similar other home services franchises. Below are a few The Driveway Company competitors as a comparison:
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The Driveway Company Franchise Disclosure Document
Frequently Asked Questions
How many The Driveway Company locations are there?
As of the latest data, The Driveway Company had 45 franchise units operating across the United States. The company operates in over 12 states.
What is the total investment required to open a The Driveway Company franchise?
The total investment required to open a The Driveway Company franchise ranges from $89,000 to $169,000.
What are the ongoing fees for a The Driveway Company franchise?
The Driveway Company franchisees pay a royalty fee of 7% of gross sales and a marketing fee of 1% of gross sales. These fees support the franchise’s operational systems, brand development, and advertising efforts.
What are the financial requirements to become a The Driveway Company franchisee?
To become a franchisee of The Driveway Company, you need a minimum net worth of $200,000 and at least $70,000 in liquid capital. These financial prerequisites ensure that franchisees have the necessary resources to support the initial investment and ongoing operational expenses associated with the franchise.
How much can a The Driveway Company franchise owner expect to earn?
The average gross sales for a The Driveway Company franchise are approximately $0.16 million per location. Assuming a 15% operating profit margin, $0.16 million yearly revenue can result in $24,000 EBITDA annually.
Disclaimer
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