About Specialty Solutions Franchise
HOV Rides, offered through Specialty Solutions LLC, is a transportation franchise providing a wide range of assisted and specialty ground transportation services.
The franchise fee is $45,000, and the brand has been franchising since 2022.
Services include non emergency medical transportation (NEMT), student transportation, airport transfers, limousine services, and other specialty ground transport.
Specialty Solutions Franchise Cost & Fees
Minimum Investment
$162K
Average Investment
$197K
Maximum Investment
$232K
| Fee Type | Amount | Notes |
|---|---|---|
| Initial Franchise Fee | $45,000 | One-time payment upon signing |
| Royalty Fee | 6% of Gross Sales of gross sales | Ongoing; paid monthly |
| Marketing/Ad Fund | Up to 2% of monthly Gross Sales (Brand Development Fund, not currently collected) | National brand fund |
| Total Investment Range | $161,635 – $231,650 | Includes build-out, inventory, working capital |
The investment range of $162K–$232K reflects variability in build-out costs, store size, lease terms, and market. The combined royalty (6% of Gross Sales) and marketing fee (Up to 2% of monthly Gross Sales (Brand Development Fund, not currently collected)) are ongoing costs paid as a percentage of gross sales.
Investment Breakdown (Item 7)
| Item | Low | High |
|---|---|---|
| Initial Fee | $45,000 | $45,000 |
| Uniforms and Company Apparel | $1,200 | $2,400 |
| Website Fee | $3,500 | $3,500 |
| Initial Training Fee | $2,000 | $2,000 |
| Vehicles | $65,000 | $120,000 |
| Vehicle Wraps and Signs | $250 | $6,000 |
| Auto Insurance | $5,625 | $11,250 |
| Business Insurance | $6,000 | $6,000 |
| Phone Service | $210 | $750 |
| Office Space | $800 | $2,200 |
| Equipment and Computer System | $750 | $750 |
| Opening Advertising and Promotion | $500 | $500 |
| Professional Fees | $500 | $1,000 |
| Business Licenses | $300 | $300 |
| Additional Funds - 3 months | $30,000 | $30,000 |
Additional Fees (Item 6)
| Fee Type | Amount |
|---|---|
| Transfer Fee | $2,500 |
| Renewal Fee | 50% of the then-current Initial Franchise Fee |
| Audit Fee | Cost of audit |
| Interest on late payments | Lesser of 1.5% per month or maximum legal rate |
| Indemnification | Will vary under circumstances |
| Taxes | Actual costs |
| Costs and Attorneys' Fees | Will vary under circumstances |
| Management Fee | 20% Gross Sales, plus labor, travel or other out of pocket expenses incurred by us |
| Cooperative Advertising Fee | Currently, $0. Up to 2% of monthly Gross Sales (credited toward Brand Fund). |
| Supplemental Training | $300 per day, plus expenses |
| Fee for Testing Alternative Suppliers | Our actual incurred expenses for testing |
Training Program (Item 11)
| Detail | Information |
|---|---|
| Total Duration | 12 days |
| Classroom Training | 66 |
| On-the-Job Training | 24 |
| Training Location | Corporate office in Pennsauken, New Jersey and virtually |
| Additional Training | Available for new managers for a fee of $300 per day; supplemental and refresher training may be required and charged. |
Territory Rights (Item 12)
| Detail | Information |
|---|---|
| Territory Type | Protected |
| Exclusive Territory | No |
| Territory Size | approximately 300,000 people |
| Description | The Protected Area is designated at the time of signing the Franchise Agreement, based on franchisee input, population density, and marketability. It will contain approximately 300,000 people and may consist of one or more counties. While the Protected Area offers certain territorial protections, it is not exclusive, meaning the franchisor and other franchisees may compete through other channels of distribution or outside the protected area. |
Renewal, Termination & Transfer (Item 17)
| Detail | Information |
|---|---|
| Initial Term | 5 years |
| Renewal Term | Two additional terms of five (5) years each |
| Renewal Fee | 50% of the then-current Initial Franchise Fee |
| Renewal Conditions | Notice of intent to renew; sign current Franchise Agreement (potentially with materially different terms); remodel; sign a release; pay renewal fee; be current on all financial obligations; provide necessary insurance renewal certificates; not be in material breach. |
| Transfer Fee | $2,500 |
| Transfer Conditions | New franchisee qualifies, assumes all obligations, pays all amounts due, updates equipment, pays transfer fee, completes training, executes release, and signs current Franchise Agreement (potentially with different terms and on economically reasonable terms). |
| Termination for Cause | Franchisor may terminate for defaults such as failure to complete training, failure to pay fees, failure to maintain insurance, violation of restrictive covenants, failure to comply with laws, failure to meet minimum Gross Sales requirements, or any other breach. Immediate termination without cure period for abandonment, fraudulent activities, bankruptcy, misrepresentation, felony conviction, unauthorized transfer, or unauthorized use/disclosure of Marks/Confidential Information, or failure to report financial statements on three or more occasions. |
| Non-Compete Period | two (2) years |
| Non-Compete Details | No competing business for two (2) years within the metropolitan statistical area containing your Protected Area and any other Franchised Business. |
Operations & Supply (Items 8 & 15)
| Detail | Information |
|---|---|
| Owner-Operator Required | Yes |
| Participation Details | The Franchised Business must at all times be under your direct supervision (or a managing partner, shareholder, or managing member approved by the franchisor who completes training). Franchisees are required to hire at least one (1) dispatcher, one (1) billing administrator, and five (5) certified drivers. |
| Required Suppliers | Franchisees are required to purchase all products, services, supplies, inventory, computer software and hardware, equipment, and materials from franchisor-approved manufacturers, suppliers, or distributors, or from other suppliers meeting franchisor specifications. The franchisor is the only approved supplier for vehicle camera and tracking devices, company uniforms and apparel, and software for scheduling, dispatching, billing, and reporting. Third-party approved suppliers are required for vehicle wraps, tablets for dispatching and navigation, notepad holders, clipboards, ID badges, and hands-free communication tools. |
| Supply Restrictions | The franchisor may withhold, condition, or revoke approval of particular items or suppliers. Franchisees must notify the franchisor if they wish to use unapproved goods or suppliers, which may require submitting samples for testing and paying a reasonable fee. The franchisor reserves the right to modify or substitute products or suppliers. |
| Franchisor Revenue from Suppliers | None during 2021 fiscal year. |
Financing (Item 10)
| Detail | Information |
|---|---|
| Financing Available | No |
| Description | We do not offer direct or indirect financing. We do not guaranty any note, lease or obligation of yours. |
Specialty Solutions Franchise Earnings — Item 19
Average Revenue
$1.8M
Sample Size
1 units
Past financial performance does not guarantee future results. Individual results will vary.
Specialty Solutions Litigation & Risk Flags
Clean Litigation RecordSpecialty Solutions has no pending litigation actions listed in their FDD.
Bankruptcy History DisclosedA bankruptcy disclosure is present in this FDD.
Litigation and bankruptcy data is sourced from Items 3 and 4 of the FDD. Always verify current status directly from the most recent FDD.
Specialty Solutions System Growth
Total Units
1
Franchised
0
Company-Owned
1
Specialty Solutions currently operates 0 franchised locations and 1 company-owned units. Unit count data is sourced from Item 20 of the FDD.
Unit History (Item 20)
| Year | Opened | Closed | Total |
|---|---|---|---|
| 2019 | 0 | 0 | 0 |
| 2020 | 0 | 0 | 0 |
| 2021 | 0 | 0 | 0 |
| 2019 | 1 | 0 | 1 |
| 2020 | 0 | 0 | 1 |
| 2021 | 0 | 0 | 1 |
Transfers: 0 | Closures: 0
Specialty Solutions Franchise — FAQ
The total investment to open a Specialty Solutions franchise ranges from $161,635 to $231,650, per their Franchise Disclosure Document. This includes the initial franchise fee of $45,000. The investment covers build-out, inventory, equipment, signage, working capital, and other startup costs.
Specialty Solutions charges a royalty fee of 6% of Gross Sales of gross sales, plus a Up to 2% of monthly Gross Sales (Brand Development Fund, not currently collected) contribution to the marketing/advertising fund. These fees are paid on an ongoing basis.
You can download the Specialty Solutions Franchise Disclosure Document free on this page. The FDD is a public document filed with state franchise registries. Always also request the current FDD directly from Specialty Solutions to ensure you have the most up-to-date version.
According to the Item 19 financial performance representation in their FDD, Specialty Solutions franchise owners report average revenue of $1.8M. This is based on a sample of 1 units. Past performance does not guarantee future results.
Specialty Solutions has been franchising since 2022. The FDD shows an investment range of $161,635-$231,650, a 6% of Gross Sales royalty, and includes an Item 19 earnings disclosure. There is no pending litigation. Review the full FDD and contact current franchisees listed in Item 20 before making any investment decision.
The franchise fee is $45,000 and the total investment ranges from $161,635 to $231,650 depending on location size and market. A minimum of $30,000 in liquid capital is required. Contact the franchisor directly for current net worth and liquid capital requirements, territory availability, and application details.
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Data Source & Disclaimer: This website is for informational purposes only. It is not an offer to sell or buy a franchise. This profile is based on publicly available FDD data sourced from state franchise registry filings. All information is for research purposes only and does not constitute legal, financial, or investment advice. Data may be outdated or contain errors. Always obtain the current FDD directly from Specialty Solutions and consult a qualified franchise attorney before making any investment decision. FranchiseOverview.com is operated by Franchising Compliance, LLC and is not affiliated with Specialty Solutions or any of its subsidiaries. To report an inaccuracy: info@franchiseoverview.com