Oltco, the resin bound driveway and flooring company, has launched its franchise model and opened its first franchise in Blackpool, Lancashire.
Established in Cornwall as a family business 15 years ago, the business provides driveways and flooring for both domestic and commercial clients. Oltco says it has worked for a number of national clients and is renowned for its expertise, premium products, quality installation and outstanding customer service.
Oltco explains its dedication to excellence can be found throughout every aspect of the business, from staff wellbeing to product innovation and sees its franchise opportunity as the next phase of growth so that its success can be mirrored across the UK.
Johnny Pearce, director at Oltco comments: “By becoming a franchisee of Oltco and being your own boss, you remove the trepidation of setting out into the unknown unsupported. We are proud of our success and want to harness this and share it with others, together we can grow our business and help others.
“We are not looking for experts in resin, but for hard-working individuals who are committed to ensuring the success of the company. We are currently in the process of becoming a member of the BFA and we are delighted to have our first franchisee on board.”
The Blackpool franchisees Alex Hoskisson and Jonathan Stringer, from Lytham St. Annes and Blackpool respectively, had in-depth training at Oltco’s head office in Newquay prior to opening the franchise. The training enabled the pair to develop extensive knowledge about the company’s range of products and gain specialist installation skills.
On becoming the first franchisee, Stringer said: “Establishing our Oltco franchise was a no brainer for Alex and I. The company offers an outstanding business model, fantastic ongoing training and a positive ethos, which is reflected in everything Oltco does. We knew we wanted to be part of this and build our own successful business.
“We have received an incredible amount of support from the team at head office which has been invaluable to help us meet our targets. Since establishing the franchise, I have been able to create my own work schedule and achieve the lifestyle I have always wanted. We’re incredibly proud of our success to date and our franchise is forecast to grow over the next year.”
The average investment for an Oltco franchise is £15,000, plus £5,000 for a marketing launch campaign (figures exclude VAT). The company adds that it expects working capital of £25,000 to be considered for additional funding for vans, initial products, wages and additional marketing. The company says it can offer support with this due to its partnership with NatWest.
To ensure each franchisee joining the company embraces Oltco’s core values, which it says forms the foundation of the company’s success, both franchisees and employees will receive full training and ongoing support.
Oltco’s offers a range of flooring treatments including self-levelling screeds, non-slip flooring, decorative resin, polyurethane resin screeds and rubber playground flooring.