Charter Financial vs Driverseat Franchise Comparison

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

Start-Up Costs and Fees

 
Charter Financial Franchise
Driverseat Franchise
Investment $195$37,400 - $142,650
Franchise Fee N/A$13,000
Royalty Fee -$389/mo.
Advertising Fee --
Year Founded 1997-
Year Franchised 1999-
Term Of Agreement --
Term Of Agreement --
Renewal Fee --


Business Experience Requirements

 
Charter Financial Franchise
Driverseat Franchise
Experience --

Financing Options

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

Training & Support

 
Charter Financial Franchise
Driverseat Franchise
Training Our training is a "packaged" offer that comes with: Excellent Home Study Manual - "Building Wealth Together" Online Training Materials Weekly Tele-Seminar Training Sessions -
Support Newsletter Meetings Advertising/Marketing Technical Support Online Support Phone Support

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 - Business can be run from home. - Business can be run part-time. - Business can be added on to an existing business. -

Expansion Plans

 
Charter Financial Franchise
Driverseat Franchise
US Expansion YesYes
Canada Expansion -Yes
International Expansion --

Company Overviews

About Charter Financial

Looking for the perfect business to work during this bad economy? Our business is one of the few that is actually prospering during these bad economic times because we offer a very valuable financial service to our customers. If you have interest in helping people in need, while making a great income at the same time, then NOTE BROKERING would be great for you. Note Brokering is THE BEST business to work during a bad economy! Our company, Charter Financial, is a national purchaser of owner financed mortgages, land contracts, deeds of trust, structured court settlements, annuities, lottery winnings, business notes and WE NOW PURCHASE NON-PERFORMING BANK LOANS TOO. Here's how it works - There are literally millions of people around the country who are receiving payments from these types of notes. The only problem is that these people have to wait years and years to collect the money that is owed them. Most of them would prefer a lump sum of cash now for their "notes" but don't know who to sell them to, since banks can't help them. We help these individuals by providing them with a lump sum of cash now in exchange for the rights to receive their future payments. You can get in on the action by finding these note holders for us. We teach you how to locate them and all you do is bring the deals to us and YOU EARN HUGE REFERRAL FEES each time. Our business has never been better because there are so many people who are in need of cash and because of this, note holders are selling their notes at a record pace. Also, there are thousands and thousands of new owner financed real estate notes and land contracts being created everyday, because banks are still not lending. Add it all up and you can see that NOW IS THE TIME to work this great business. You can work this business from anywhere in the country with no territorial restrictions and you make your own schedule. You may work on a part-time basis in addition to your present job or you can work the business on a full-time basis. We train our own consultants so that you know exactly how to locate these note holders and you know exactly how to get the deals to us. Performance Bonus - $195 for your first deal, $250 for your second and $500 on your third. These bonuses are in addition to the fees you will be earning on each transaction. We do all the paperwork for you on your deals (at no cost to you) 30 Day Money Back Guarantee We are the industry leader and have been in business for over 15 years. We are an A-Rated BBB Company and we offer the best training and support in the industry. By working together, we can both profit. The fees that you earn from each deal range from a thousand dollars to $50,000+. The average fee is around $3,000 per transaction and the average amount of time spent on each deal is around 1 to 2 hours.

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.