(ASHEVILLE, N.C.) Dec. 13, 2007 – Volvo Rents recently was recognized as part of Franchise Times’ 2007 Top 200, a ranking of the country’s largest franchise companies. Volvo Rents, appearing on the list for the second year in a row, is the only construction equipment rental company to make the list.
(ASHEVILLE, N.C.) Dec. 13, 2007 – Volvo Rents recently was recognized as part of Franchise Times’ 2007 Top 200, a ranking of the country’s largest franchise companies. Volvo Rents, appearing on the list for the second year in a row, is the only construction equipment rental company to make the list.
Franchise Times’ annual ranking is based on worldwide system sales for 2006. Volvo Construction Equipment Rents Inc. (“Volvo Rents”) was one of 1,000 applicants selected for inclusion. The monthly publication targets 23,000 business owners and senior executives of both franchisor and multi-unit franchisee businesses.
“When industry trade media spotlight you as a company to watch, it represents a true milestone,” said Barry Natwick, president and chief executive officer of Volvo Rents. “I attribute our successes to our franchise owners, each of whom possess a passion for excellence in service and quality.”
Volvo Rents, a division of Volvo Construction Equipment, the third largest construction equipment manufacturer in the world, operates 77 rental stores in North America, 66 rental stores in Europe and one in Mexico. Poised for growth in 2008, the company plans to expand into the nation’s major markets where the forecast for commercial construction spending remains robust, said Nick Mavrick, vice president of global strategy, marketing and sales.
All Volvo Rents stores are independently owned and operated. The unique franchise program includes a comprehensive financing package for qualified franchisees of $5 million per store, the use of the world-renowned Volvo brand, fleet financing, working capital, delivery vehicle financing and leasehold improvement financing. Franchise owners have access to Volvo Rents’ proprietary software system, operational support and guidance, comprehensive training in systems, sales, service and management as well as facility design and regional and local marketing. Principal Volvo products for rent include the company’s extensive line of compact excavators, wheel loaders, back hoes and skid steer loaders.