Smart vehicle repair franchisor Revive! Auto Innovations saw its members increase turnover by 41% to £15.3m in 2021 as the business bounced back from the pandemic.
Revive! franchisees run their own territories and manage their own team of technicians who repair damage to car paintwork including bumper scuffs, minor chips and the refurbishment of alloy wheels.
The company recently announced ambitious recruitment and expansion plans at its annual conference.
Revive! managing director of sales and marketing, Mark Llewellyn, said: “Our excellent financial performance is testament to the fantastic work of our employees and franchisees alike, who all work incredibly hard to deliver the very best for our customers.
“Significantly, we also outperformed our turnover in 2019/2020, meaning not only have we navigated the economic shock of the COVID-19 pandemic and all the challenges that came with it, but actually successfully adapted to the new marketplace to come back stronger and better than ever before.
The franchise fee to start a Revive! business is £32,000 plus VAT. Franchisees can get started with about £20,000 working capital. Revive! franchise territories allow for growth to at least five vans.
It said its top franchisees achieve £1m plus turnover with “a healthy” bottom line profit.