The Driveway Company franchise
2022 filing · April 20, 2022GrowingShares sales figures
The Driveway Company at a glance
A concrete resurfacing business that repairs and coats driveways, patios, pool decks and walkways. At the end of 2021 there were 36 The Driveway Company locations in the US, all franchised.
The business
- Industry
- Home service
- Franchisor
- TDC Franchising, LLC
- The company that sells the franchises
- Franchising since
- 2019
- 3 years of selling franchises
- Franchisor based in
- Waco, Texas
What you pay
- Cost to open
- $89K–$169K
- Fee, build-out and opening working capital
- Franchise fee
- $59,900
- Paid once, when you sign
- Royalty
- 7% + minimum
- The greater of 7% of gross sales or a minimum royalty: none until the seventh full month, $250 a month for months 7 to 12 and $500 a month after that
- Brand fund
- 1%
- 1% of gross sales, paid with the royalty; it can rise to 2%
- Agreement length
- 10 years
- Franchisor financing
- None offered
Where it is
- US locations, 2021
- 36
- Franchised and company-owned
- Franchised
- 36
- Company-owned
- 0
- Change in 3 years
- +36
- Franchised locations, 2019–2021
- States
- 11
- Most in Texas, Georgia and California
From TDC Franchising, LLC’s 2022 filing; SBA status from the SBA Franchise Directory, October 28, 2026.
Where it ranks
The Driveway Company among all franchises with the same figure.
| Figure | The Driveway Company | Among all franchises |
|---|---|---|
| Cost to open, midpointHalfway between the low and high estimate | $128,873 | Costs less than 81% of franchises |
| Franchise feePaid once, when you sign | $59,900 | Higher than 87% of franchises |
| RoyaltyShare of sales paid to the franchisor | 7% | Higher than 70% of brands with a set rate |
| US locationsFranchised and company-owned | 36 | More than 59% of franchises |
How much a The Driveway Company franchise costs
Opening one The Driveway Company costs an estimated $88,765 to $168,980. That covers the franchise fee and everything else needed to open, through the first months of working capital. It is one of the low-cost franchises.
The biggest costs are initial franchise fee ($59,900) and service vehicle & wraps ($1,500 to $48,000). Here is every line of the estimate as filed:
| What it pays for | Range | Low | High |
|---|---|---|---|
| Initial Franchise Fee | $59,900 | ||
| Training Expenses (2 people while training) | $2,500 | $4,000 | |
| Office/Leased Storage Space | $0 | $2,000 | |
| Renovations & Improvements | $250 | $5,000 | |
| Service Vehicle & Wraps | $1,500 | $48,000 | |
| Service Tools & Equipment | $1,500 | $3,500 | |
| Computer System | $1,500 | $3,000 | |
| Technology Fee 7 (preopening installment) | $450 | ||
| Uniforms | $250 | $650 | |
| Initial Supply of Inventory | $5,440 | $10,880 | |
| Marketing & Advertising 10 (before opening and 3-month period after opening) | $500 | $2,500 | |
| Home Office Supplies | $250 | $1,000 | |
| Business Licenses | $0 | $1,000 | |
| Professional Fees | $1,500 | $2,000 | |
| Insurance (3 months’ premium) | $1,875 | $3,750 | |
| Additional Funds 12 (3 months after opening) | $11,350 | $21,350 | |
| Total | $88,765 | $168,980 | |
Source: TDC Franchising, LLC, 2022 filing, page 17
The Driveway Company franchise fee
The franchise fee is $59,900. You pay it when you sign the franchise agreement.
Source: TDC Franchising, LLC, 2022 filing, page 12
Royalty and ongoing fees
| Royalty | The greater of 7% of gross sales or a minimum royalty: none until the seventh full month, $250 a month for months 7 to 12 and $500 a month after that. |
|---|---|
| Brand or marketing fund | 1% of gross sales, paid with the royalty; it can rise to 2%. |
| Technology Fee | Varies (currently $450 per month) |
| Transfer Fee | $5,000 |
| Local Marketing Commitment | 2% of Gross Sales 3 |
The typical franchise royalty is 6% of sales, plus 2% for marketing. See franchise fees and royalties to compare.
Source: TDC Franchising, LLC, 2022 filing, page 13
Other fees as filed, from pages 13–14. The filing lists every fee, including late fees and audit costs.
Sales and earnings
Shares figures The Driveway Company publishes sales or earnings figures for its locations. The full tables, with notes on which locations are counted, are in its filing.
- Average sales
- $262,764
- Median sales
- $205,408
Yearly figures for 2021, per franchisee, 12 franchisees (one to three outlets each) open all of 2021.
Sales are what the business takes in before rent, payroll, royalties and other costs, not what its owner keeps.
Source: TDC Franchising, LLC, 2022 filing, pages 36–38
SBA loans to The Driveway Company franchisees
Lenders approved 7 SBA 7(a) loans for The Driveway Company franchisees from 2020 to 2023, $926K in all. All 4 that have ended were paid in full; none was charged off. The other 3 haven’t ended yet.
A charged-off loan is one written off as uncollectible. See SBA franchise loans for how 7(a) and 504 loans work.
Source: SBA 7(a) and 504 loan data, as of September 30, 2026
How The Driveway Company compares
Of the 475 home service franchises on this site, The Driveway Company is the 138th cheapest to open and the 232nd largest by number of locations.
| Figure | The Driveway Company | Typical home service brand | Typical franchise |
|---|---|---|---|
| Cost to open, low end | $89K | $115K | $222K |
| Cost to open, high end | $169K | $202K | $477K |
| Franchise fee | $60K | $50K | $40K |
| Royalty | 7% | 7% | 6% |
| Brand fund | 1% | 2% | 2% |
| US locations | 36 | 40 | 21 |
| Closed or left per year | 2.1% | 6.5% | – |
| Shares earnings figures | Yes | 367 of 475 | 2,147 of 3,352 |
Typical is the median across the 475 brands in home service franchises; typical franchise, across every brand here.
Locations opened and closed
| Year | Franchised | Company-owned | Opened | Closed |
|---|---|---|---|---|
| 2019 | 9 (+9) | 3 | +9 | 0 |
| 2020 | 24 (+15) | 2 | +15 | 0 |
| 2021 | 36 (+12) | 0 | +13 | −1 |
Closed or left counts terminations, non-renewals, locations bought back by the franchisor and locations that stopped operating.
See which brands grew most in the fastest-growing franchises rankings.
More in the guides: franchise failure rates.
Source: TDC Franchising, LLC, 2022 filing, page 41
Where The Driveway Company locations are
At the end of 2021, The Driveway Company had franchised locations in 11 states. The most are in Texas, Georgia and California.
- Texas15
- Georgia4
- California3
- South Carolina3
- Utah3
- Florida2
| State | Franchised |
|---|---|
| Texas | 15 |
| Georgia | 4 |
| California | 3 |
| South Carolina | 3 |
| Utah | 3 |
| Florida | 2 |
| Oklahoma | 2 |
| Alabama | 1 |
| Illinois | 1 |
| Iowa | 1 |
All 11 states
| Nebraska | 1 |
|---|
Source: TDC Franchising, LLC, 2022 filing, page 41
Who owns The Driveway Company?
The Driveway Company franchises are sold by TDC Franchising, LLC.
From TDC Franchising, LLC’s 2022 filing.
Lawsuits and bankruptcy
| Lawsuits and regulatory actions | Yes. The filing describes past or pending cases involving the franchisor, its affiliates or its executives on page 12. |
|---|---|
| Bankruptcy | None. The filing says no bankruptcy has to be disclosed. |
Franchisors must disclose lawsuits and bankruptcies involving the company, its parents and affiliates, and its executives. Many cases are routine disputes with franchisees over fees or contracts; read the descriptions in the filing and ask current owners about anything that worries you.
Source: TDC Franchising, LLC, 2022 filing, litigation on page 12, bankruptcy on page 12
The Driveway Company filings
The figures on this page come from TDC Franchising, LLC’s 2022 filing, issued April 20, 2022, on record with the NASAA Electronic Filing Depository.
| Filing | Issued | Registry | On this page |
|---|---|---|---|
| 2022 filing | April 20, 2022 | NASAA depository | Costs, fees and locations, 2019–2021 |
Each link opens the filing as a PDF. See the newest filings across all brands.
