New Funding Partnership makes it even cheaper to start a Drain Doctor Franchise
Drain Doctor, the UK’s most trusted national drainage and plumbing company, celebrates a new funding partnership that sees a whopping 75% of the investment figure funded by a major high street bank.
The UK-wide network, spanning from Mid Scotland down to Cornwall and Ramsgate, provides full-scale drainage works and emergency plumbing services to domestic and commercial customers.
Drain Doctor’s franchise owners aren’t completing these works themselves; instead, they’re given initial and ongoing training and support to hire and manage a team of professionals to deliver their world-class customer experience system.
New Franchisee’s use a mix of personal savings and bank funding to pull together the initial investment amount of £100,000 to launch and grow their businesses. Previously needing around £35,000 of their own money and the rest funded on an unsecured basis.
Based on Drain Doctor’s 25+ year history of successful operation in the UK, coupled with the proven demand for services in the drainage and plumbing industry throughout some of the harshest economic times. Now prospective franchise owners can lend up to 75% of the total investment amount, reducing the funding requirement from their own savings from £35,000 down to just £25,000.
“We’re extremely excited about this new relationship; a major high street bank has demonstrated their confidence in not only the market but the Drain Doctor brand with this partnership,” said Owen Barton, Drain Doctor’s Head of Franchise Recruitment. “The past few years of franchise network growth, both in headcount and revenue, has proven that this franchise model has, and will continue to stand the test of time, no matter the political or economic climate.”
“With 2021 being a record year of growth in Drain Doctor’s history alongside our latest franchise territory to launch, achieving more than £65,000 of gross revenue in their first three months. Drain Doctor is set to continue winning more market share.”
Drain Doctor has achieved a 5 STAR Trustpilot Score from over 2,400 reviews; higher than any other national company within the industry; this pays testament to our customer service focus and the delivery from the regional directors and local engineers.
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