Talk on the Street
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Talk on the Street
Press Releases & News Articles
With Meineke achieving top franchise rankings for 2015, ALLSTATEFF.COM aren’t surprised by the increasing interest they are experiencing in the Meineke franchise.
While Meineke has been a popular and well-known franchise for many years now, the company continues to stabilize their position as a leading franchise opportunity for those in the U.S. and around the globe.
Meineke’s most recent accomplishment is their top ranking in Entrepreneur Magazine’s Top Global Franchise List for 2015. “Meineke Car Care are considered one of the top franchise companies available both in America and internationally,” said CEO of All State Franchise Finders, Derek Cafferata. “For several years now, Meineke’s parent company, Driven Brands, has worked successfully to grow the Meineke franchise into an outstanding franchise opportunity.”
Meineke received this top ranking on the back of its successful achievements in Entrepreneur Magazine’s 36th annual Franchise 500 rankings in January. The 2015 Franchise 500 ranked Meineke Car Care in 53rd place. Along with system size, strength and stability, franchises are awarded rankings based on the number of years the company has been in business, how long it has been franchising, start-up costs, its financing options and the number of terminations.
Companies are awarded their place in the Entrepreneur Magazine Top Global List based on several specific criteria, like system size, financial strength, stability, and growth. To make the list a company must also have at least five open locations internationally and show they are actively seeking more locations outside the U.S.
According to All State Franchise Finders, Driven Brands, Meineke’s parent company, have made several significant changes over the past few years that have helped drive the company forward as a leading franchise opportunity.
“The Meineke franchise has an amazing and in depth operations support network, strong local, national and international marketing and advertising, a great business philosophy that focuses on customer satisfaction and a commitment to excellence,” said Mr Cafferata. “It really is one of the best franchise businesses you can consider.”
Parent company, Driven Brands, is a leading automotive aftermarket franchisor who generates almost $1 billion in system-wide revenue. With over 1,500 locations worldwide, they service around 3.5 million cars each year. Meineke Car Care offer a range of repair and maintenance services that include brakes, oil changes, tires, air conditioning, general repair, maintenance and much more. Of Driven Brands 1,500 plus locations, Meineke has approximately 983 locations.
Over the past few years, Driven Brands has placed a greater focus on growth with a number of brand acquisitions. Additionally, its recent acquisition into the Atlanta-based Roark Capital Group, has further strengthened its position as a market leader in the automotive aftermarket industry. Roark Capital Group is a private equity firm with 42 multi-unit franchise brands. Together, they generate approximately $17 billion in annual system revenues.
All State Franchise Finders are the experts in franchise sales and selection. With over 30 years’ experience, All State Franchise Finders represents more than 250 leading franchises and specializes in helping potential business owners select the right franchise opportunity to meet their specific needs, financial situation and career goals.
For more information about franchise selection, please contact 1-800-544-2161 or visit www.allstateff.com