Panic enters Ireland
Page 17
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I Parcels company Panic Link las moved into the Irish mar:et with a depot in Belfast.
The company had planned to msh into Ireland last June. The 25,000, five-vehicle Belfast ranchise will be followed by wo in the Republic, due to be Ten by April.
Panic Link aims to increase ts UK franchise network from l07 depots to 140, also by kpril. It has already received tpplications to buy more than ialf the £20,000 franchises. deafly, applicants should have iusiness management experimice and at least one new white van, says the company.
An extra 33 trunking vehi:les will be ordered later in the rear, to operate out of the new 2 million sorting hub at Lount n the East Midlands.
The three-year-old company hopes for an £11 million turnover and a V. million profit this year. It plans to expand into the Continent and the US (CM 26 October-1 November 1989), and says that it will be active in both these areas by the end of the year.
It plans to sell national, master licences to major companies, which will be responsible for the Panic Link franchise network in their country. "By the end of 1992 we aim to be operating franchises in all EC countries," says Panic Link cofounder Eric Norman.