Business Description

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

Year Established:  1987

Franchising Since:  1988

Operating Units:
Franchised Units:	8	100%
Company-Owned Units:	0	0%
Total Operating Units:	8	100.0%
Geographic Distribution: U.S.: 8 100% In 7 States Canada: 0 0% In 0 Canadian Provinces International: 0 0% In 0 Foreign Countries   Total: 8 100.0%

North America:
States/Provinces with the largest number of operating units:

Density	Units
1. Arizona	1
2. Georgia	1
3. Virginia	2

Registered in Following Registration States:

Financial Requirements

Investment:
Minimum Net Worth:	$Varies
Cash Investment:	$Varies
Total Investment:	$47.1-806.9K
Average Total Investment:	$150K
Fees:
Initial Franchise Fee:	$25K
Average Franchise Fee:	$25K
On-Going Royalty:	$50/Sold Unit
Average Royalty:	-1%
Advertising Fee:	$25/Unit

Average Number of Employees: 61 Full-time, 0 Part-time

Space Needs (in square footage): Varies

Preferred Sites: Free-standing Building

Other Sites:

Encourage Conversions? Yes

Earnings Claims Provided?: Yes

Franchisee Qualifications
Ranked from 1 (unimportant) to 5 (important):
Financial Net Worth:	N/A
General Business Experience:	N/A
Specific Industry Experience:	N/A
Formal Education:	N/A
Psychological Profile:	N/A
Personal Interview(s):	N/A
Terms of Contract
Term of Initial Contract:	7 Year(s)
Term of Renewal Period:	Year(s)
Passive Ownership:	Allowed, But Discouraged
Area Development Agreements?	No
Sub-Franchising Contracts?	No
Franchisees Allowed to Expand Within Territory?	No
Support and Training
International Franchise Association:	No
Canadian Franchise Association:	No
Franchisee Association/Member:	No
Size of Corporate Staff:	3
Site Selection Assistance?	Yes
Lease Negotiation Assistance?	Yes
Financial Assistance?	Yes, Direct
Marketing Support:
Co-Op Advertising:	No
National Advertising:	No
Regional Advertising:	No
Local Advertising:	No
Marketing Materials:	None Specified
Additional Services:	None Specified
Other Marketing Support:	None Specified
On-Going Support:
Central Data Processing:	Not Applicable
Central Purchasing:	Not Applicable
Field Operation Evaluation:	Not Applicable
Field Training:	Not Applicable
Initial Store Opening:	Not Applicable
Inventory Control:	Not Applicable
Franchisee Newsletter:	Not Applicable
Regional or National Meetings:	Not Applicable
800 Telephone Hotline:	Not Applicable
Training:
1. Mason, OH	3 Days
2. New Franchise Location	3 Days
Expansion Plans
Projected New Units Over Next 12 months:
U.S.:	Yes, All United States
Canada:	No
Overseas:	No