New recruits to Drain Doctor can now loan up to 75% of the cost of the initial investment.
Those wishing to become Drain Doctor’s newest business partners can now secure a larger loan than ever before to join this ever-expanding network. Thanks to a recently-signed agreement between Drain Doctor and a major high street bank, new franchisees can lend up to 75% of the initial investment.
Previously, new franchisees have had to pay out £35k of their own money towards the overall cost which comes to £100k. The remainder of this amount needed to be funded on an unsecured basis. But this has all changed, with prospective franchisees now needing to fund just £25k of the total initial outlay.
Owen Barton, Drain Doctor’s head of franchise recruitment, said: “We’re extremely excited about this new relationship. A major high street bank has demonstrated their confidence in the market, as well as the Drain Doctor brand.
“We have grown considerably as a network in recent years, both regards headcount and in revenue. This proves that our franchise model will continue to stand the test of time, no matter the political or economic climate.
“In 2021 we enjoyed a record year for growth, with our newest territory achieving more than £65k of gross revenue during the first three months. Our market share remains impressive.”
Drain Doctor provides drainage and emergency plumbing services to domestic and commercial customers across its UK-wide network. New franchise owners are fully trained and receive on-going support from staff at the company’s headquarters in the Northamptonshire town of Brackley. This includes advice in recruiting and managing their teams at local level.
About Drain Doctor: It is an emergency plumbing, blocked drains and drain repair service that covers more than 50 locations across the UK. It offers a reliable, cost-effective and trustworthy 24-hour call-out service for both domestic and commercial customers alike. Drain Doctor has achieved a 5-Star Trustpilot score from over 2,400 reviews, higher than any other national company within the industry.
About Neighborly®: Is the world’s largest home services franchisor that owns 28 brands and collectively operate 4,500 global franchises. The company serves more than 10 million customers across nine countries. Neighbourly operates online platforms that connect consumers to service providers in their local communities.
