Volvo Rents Ranks Among Entrepreneur Magazine's Franchise 500 for 2008
December 13 2007 - 12:00PM
PR Newswire (US)
ASHEVILLE, N.C., Dec. 13 /PRNewswire-FirstCall/ -- For the third
consecutive year, Entrepreneur Magazine has ranked Volvo Rents
among its prestigious Franchise 500 rankings. Volvo Construction
Equipment Rents Inc. (Volvo Rents) is the only construction
equipment rental company to make the list. Recognized by
entrepreneurs and franchisors as the most comprehensive listing
available, the Franchise 500 in Entrepreneur's January 2008 issue
reveals for the 29th straight year the latest top-ranking franchise
companies in the nation. Together, the companies ranked generated a
total of $305 billion in revenue worldwide. Entrepreneur's
Franchise 500 issue hits newsstands on Dec. 25, 2007. "We are
extremely proud to be listed among the world's best franchise
companies," said Barry Natwick, president and chief executive
officer of Volvo Rents. "We celebrate our franchise owners and the
entrepreneurial spirit that resonates within each one of them.
Their passion for and dedication to the construction industry is
what has allowed us to grow our customer base by 50 percent per
annum during the last five years." 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. Volvo Construction
Equipment (Volvo CE) is a major international company developing,
manufacturing and marketing equipment for construction and related
industries. Its products, leaders in many world markets, include a
comprehensive range of wheel loaders, hydraulic excavators,
articulated haulers, motor graders and compact equipment. Volvo CE
is part of the Volvo Group, the world's largest manufacturer of
diesel engines in the 9 to 18 liter category. The Volvo Group is
one of the world's leading manufacturers of trucks, buses and
construction equipment, drive systems for marine and industrial
applications, aerospace components and services. The Group also
provides complete solutions for financing and related services.
Volvo Group is a publicly held company headquartered in Gothenburg,
Sweden. With 2006 sales of approximately $34 billion, Volvo's
business areas include heavy trucks, buses, construction equipment,
marine and industrial drive systems, aerospace and financial
services. In the United States, Volvo shares are listed on NASDAQ
and are traded as ADRs (NASDAQ:VOLV). Available Topic Expert(s):
For information on the listed expert(s), click appropriate link.
Nick Mavrick
http://profnet.prnewswire.com/Subscriber/ExpertProfile.aspx?ei=68159
DATASOURCE: Volvo Rents CONTACT: LeeAnn Donnelly, +1-828-450-2387,
, for Volvo Rents Web site: http://www.volvorents.com/
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