Posted:24-June-2022
SMART vehicle franchise network celebrates record year of financial growth
- Revive! reports 41% growth in turnover in 2020/2021
- £15.3m turnover up from £10.8m represents a record year of financial growth for the network
- The firm’s agile business model and increased marketing efforts have brought more sales enquiries to its 50 franchisees
- The network is on track to meet five-year growth plan to recruit 200 technicians and achieve £40m annual turnover
SMART vehicle repair specialists, Revive! Auto Innovations has announced a record year of financial growth in 2021/2022, putting the company on course to reach its five-year growth plan announced last month.
The Rugby-based company which provides high-quality mobile SMART repairs through its 50-strong franchisees, oversaw an impressive network turnover of £15.3 million in the last financial year, representing a 41% increase from the 2020/2021 figure of £10.8 million and even a 21% increase from pre-pandemic turnover of £12.7 million.
Remarkably, Revive! also generated record turnover in all three of its revenue streams, with the firm’s retail, dealership and national accounts enjoying substantial growth of 41%, 43% and 38%, respectively.
This comes after the network’s recently announced plan to recruit 200 technicians and grow annual sales to £40m.
Revive! managing director of sales and marketing, Mark Llewellyn, commented: “We are thrilled to announce our impressive financial accounts for 2021/2022. Our excellent financial performance is testament to the fantastic work of our employees and franchisees alike, who all work incredibly hard to deliver the very best for our customers.
“Significantly, we also outperformed our turnover in 2019/2020, meaning not only have we navigated the economic shock of the COVID-19 pandemic and all the challenges that came with it, but actually successfully adapted to the new marketplace to come back stronger and better than ever before.
“And if 2022’s accounts thus far are anything to go by, it is clear our employees are up to the challenge of surpassing last year’s figures. No doubt, we will be watching our progress closely to ensure we set yet another record year and grow with our franchisees.”
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