With £1.8m invested, the franchises are expected to generate a combined turnover of almost £5m in their first full year of trading
Following resales of four of its franchises and the introduction of a new contract in Northern Ireland, the commercial drainage experts now also have new franchisees in Edinburgh and Merseyside, Guildford and Reading with a total of 42 depots across the UK, cementing its national reach.
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Metro Rod is the expert in commercial drainage solutions and offers its clients guaranteed local and national availability 24/7/365, helping them keep their buildings and business open and operational.
The new franchise owners come from a mix of backgrounds including business ownership in the drainage, plumbing and construction sectors and previous franchise experience. With £1.8m invested, the franchises are expected to generate a combined turnover of almost £5m in their first full year of trading.
Peter Molloy, managing director at Metro Rod, said: “We know that there is a huge opportunity in the commercial drainage market for the right franchisee. We have been committed to ensuring that our franchises are operated by passionate and likeminded individuals and our new partners fit into this perfectly.
“We are excited to help these new franchisees develop and reach their potential in the coming years.”
Paul Davies, co-owner of Metro Rod Northern Ireland, said: “Both my business partner and I have experience in running businesses and have worked with the franchise model before so when we saw the opportunity to own a Metro Rod franchise, we jumped at the chance.
“Before officially becoming a Metro Rod franchise owner, we spent time with existing businesses within the network and looked at the growth opportunities that were available to us. The size of Metro Rod and the support given by the group, along with our commitment to providing a fantastic service 24/7/365, is the perfect recipe for success and we are looking forward to seeing where the future takes Metro Rod Northern Ireland.”
The growth for Metro Rod, which is owned by Franchise Brands, has come from a record Q1 for 2019. Providing its franchisees with a central sales and marketing function, and new IT systems mobilised from its support centre in Macclesfield, Metro Rod has seen 12 of its depots achieve year-on-year growth of over 30 per cent in Q1.