Park Select vs Driverseat Franchise Comparison

Below is an in-depth analysis and side-by-side comparison of Park Select vs Driverseat including start-up costs and fees, business experience requirements, training & support and financing options.

Start-Up Costs and Fees

 
Park Select Franchise
Driverseat Franchise
Investment $55,000 - And Up$37,400 - $142,650
Franchise Fee $40,000$13,000
Royalty Fee 10% - 6%$389/mo.
Advertising Fee 1%-
Year Founded --
Year Franchised --
Term Of Agreement 5 years-
Term Of Agreement 5 years-
Renewal Fee --


Business Experience Requirements

 
Park Select Franchise
Driverseat Franchise
Experience --

Financing Options

 
Park Select Franchise
Driverseat Franchise
  In-House/3rd PartyIn-House/3rd Party
Franchise Fees -/--/-
Start-up Costs -/--/-
Equipment -/--/-
Inventory -/--/-
Receivables -/--/-
Payroll -/--/-

Training & Support

 
Park Select Franchise
Driverseat Franchise
Training Our comprehensive training program covers every aspect of owning and operating a Park Select franchise. You, any designated manager and up to two assistants will be supplied with the systems and tools that you will use to make your Park Select franchise a success. The step-by-step, in depth training will be administered by the very people that designed those systems and tools, our Park Select Training Team! Training at Park Select Franchising Opportunities headquarters in Wilmington, NC will last for one to two weeks, depending on the level of instruction needed in areas such as business organization or familiarity with the office software programs commonly used by Park Select.-
Support Our Park Select Training Team and our Park Select Office Support Team will be there every step of the way! After your initial training at corporate headquarters, the Park Select Training Team will come to your territory for on-site training. Your field training will include helping you to establish your new accounts� assisting you as you set up and operate your Park Select office, and, of course, preparing you for a successful grand opening! Every territory and every franchisee is different; therefore, there is no pre-determined length of time for on-site training, though you can expect this period to last at least one to two weeks. And once your on-site field training is complete, ongoing training and support is only a phone call away. As your Park Select business grows, our corporate team will be there to help. From offering training for new staff members and management team members to assistance and advice on daily operations, Park Select franchisees are in business for themselves, but NEVER by themselves!

With our week-long full-time training course and on-going support, we support you each and every step of the way. The team at Driverseat can be reached for questions and you will have their mobile numbers on hand if you need to talk, discuss an idea or ask a question. The co-founders (also brothers) have extensive experience in business, manufacturing, retailing and franchising. With a strength in sales, marketing, human resources and process management, you will be partnering with two leaders who's passion for the brand and your business unit will have you wondering why you didn't do this earlier.

Marketing --
Operations --

Expansion Plans

 
Park Select Franchise
Driverseat Franchise
US Expansion -Yes
Canada Expansion -Yes
International Expansion --

Company Overviews

About Park Select

Park Select was established over ten years ago with a simple philosophy in mind - Why should parking lot owners pay to protect their lots from parking violators? Park Select's customer-specific, parking lot solutions are proven to alleviate parking lot abuse - and at little or no cost to our client, the lot owner! Park Select's unique business model ensures that the parking violator bears the burden of that cost! Park Select 003 What can a Park Select franchise do for property owners in your area? Generate Revenue Improve Functionality Eliminate Unnecessary Cost Until Park Select, property and business owners were forced to spend hundreds, even thousands, keeping unwanted cars out of their lots - contracting expensive security companies, hiring their own attendants to stop parking violators or installing costly equipment . Park Select Franchising Opportunities is changing all that, by equipping a new generation of business men and women with Park Select's innovative and proven systems and tools! We are proud of Park Select's success story and excited for the future of Park Select and the future opportunities of our Park Select franchisees. Perhaps that's you.

About Driverseat

The "perfect storm". A "perfect storm" is a confluence of events that drastically impacts a situation. It is also noted when there is a rare combination of factors. We believe that with Driverseat, you have the perfect storm. Take an industry with high growth, worth in excess of $2B a year in Canada and over $20B annually in North America. Combine that with a new concept, so innovative and cutting edge that Driverseat is talked about in every market that we enter. Now mix in with that the significant interest in franchising in North America as a growth model and as a business choice for franchisees, the relatively low cost of getting your franchise started, the business model and the experience of the co-founders, and that is what we like to call a perfect storm. The exciting part of owning your own business Owning your business is exciting. You control the hours, the work, the level of politics in your office, your income, your priorities and ultimately, your future. Learning is exciting; getting that first customer is exciting; being interviewed in the newspaper and having your family see your photo there is exciting. Self-employed people are generally happier in life, have less unhealthy stress and get to prioritize family when they want to, not when the boss says it is ok to. The "not so fun" part of owning your own business Owning a business can be stressful. You have decisions to make daily that are in unchartered territory. You are good at some things, but not an expert in all things. You have to develop that expensive web site and app, you have to determine how best to market, you have employees to deal with and the cost, well that is something that keeps you up at night. On top of that, you have to fill in when your employees are not there, manage food or inventory and worry about the logistics and shipments and other things related to your inventory. The great news is that with Driverseat, you don't have any of those issues. As a franchise based business, you are using a proven model, you have the expertise of the co-founders, you have marketing support and you have other franchisees who you can learn from. Driverseat franchises have little to no permanent employees, no inventory, low start-up costs and a great profitability model. The Driverseat franchise model Driverseat is a home-based franchise model. As a franchise partner, your primary role is to be the marketing driver in your local community. Hiring contract drivers to complete the rides means that you can focus on building the brand, and your business. What's truly exciting about that, is that it makes Driverseat one of the only truly scalable home-based business models. There are very few barriers to growth, and getting busier does not necessarily mean you have to work more hours. Furthermore, your ongoing fixed overhead costs are minimal, which reduces the risks associated with being self-employed. Balance of life We believe in the balance of life. Lifestyle is one of the main reasons quoted when a franchisee speaks to us about why they chose Driverseat. Working from home, on a very flexible schedule, makes this franchise model appealing and one that is the envy of many other businesses. We believe in working hard but we believe in doing so with a finite amount of time invested. Want to take your children to the dentist? Just take them. It won't impact your business at all. Want to be free to go shopping with your spouse on a weekday? Interested in sleeping in then starting work late? Want to avoid the commute? These are all aspects of having your own Driverseat that makes it just so appealing. Revenue Each Driverseat franchisee will determine how much he/she wants to make at their franchise location. With 8 service offerings, there is a variety of markets to target. Our flat cost royalty means that you won't be paying a percentage of your monthly revenue to us, but rather a flat rate. Want to own 2 or 3 Driverseat franchises? That is absolutely possible with the systems we have developed to ensure you can run, market and oversee the business without having to work in each of your business units. The next steps Are you ready for a lifestyle change? Do you want to be part of something that is fundamentally different, socially responsible and fun! The next steps are easy: Call us at 1-855-374-8390 or email us at [email protected] Review our FDD and franchise agreement Make your decision Attend training Start your business

The total investment necessary to begin operation of a Driverseat Business is ranges from $37,400 to $58,550. This includes between $26,050 and $31,150 that must be paid to the franchisor or its affiliate.  Driverseat area developers acquire the right to develop multiple  Driverseat Businesses in a designated development area.
The total investment necessary to begin operation of a Driverseat area developer business will depend on the number of  Driverseat Businesses to be opened.
The total investment necessary to begin operation of a Driverseat area developer business operating three franchises ranges from $91,200 to $142,650, including $57,150 to $60,450 that must be paid to the franchisor or its affiliates. For each additional Driverseat Business opened under an area development agreement, you will pay the same costs as a single franchise, but the development fee will be discounted with each business.