HiQ Experiences “High Level” of Franchise Interest
Mark Brickhill, the group managing director of Goodyear Dunlop, has released a statement commenting on the “high level of interest from ambitious businesses wanting to join us in investing in the future growth of HiQ” following the announcement of the company’s plan to sign long-term franchise agreements. The move towards longer franchises comes as a manoeuvre that will prevent a proposed management buyout from taking place, while also extending the scheme that has seen great success in Northern Ireland and Scotland.
Brickhill continued, stating that since the announcement of the extension of the franchising system to all parent-owned HiQ sites in England and Wales, many businesses had applied to join the scheme: “On the closing date (May 16th) we had more bidders than the total number of franchise regions. This puts us in a strong position to make choices that ensure we have committed franchisees on board who share our vision in strengthening the network.
“Over the next few weeks, we will carefully evaluate each bid to ensure each franchisee has a strong business plan to grow the network by winning and servicing new consumer and fleet business. These plans have to complement existing relationships that Goodyear Dunlop has with Approved Dealers and existing HiQ Franchisees in each region, again to maximise growth.”