HOUSTON, TX - (Marketwired - Jul 20, 2015) - Christian Brothers Automotive Repair, a national, faith-based franchise system, posted an increase in average franchisee earnings in its 2015 Franchise Disclosure Document, which documents earnings from the previous year.
The average in-store revenue of Christian Brothers Franchise Owners increased 4.4% from 2013 to 2014. In 2013, the company reported that franchise-owned stores were averaging $1,174,586 in revenue. In 2014, the average in-store revenue number jumped to $1,225,862. The rise in last year's in-store revenue is significant because the company included 12 more stores in its calculations than it did in 2013.
According to the company, this increase is generally larger than that of other auto repair franchises.
"These numbers are validating for our philosophy that we provide the 'nice difference' in a troubled industry," said Mark Carr, CEO of Christian Brothers. "The rise of our average in-store revenue is evidenced not only in how much we've grown in the past few years, but in why we've managed to grow successfully. We treat all of our customers with dignity, our work is done with honesty and integrity, and more and more people are taking notice."
Christian Brothers recently announced plans to open 20 locations in 2015 - continuing the strong growth that has earned the auto repair franchise recognition from Entrepreneur magazine and Franchise Business Review.
Christian Brothers now has 145 locations nationwide and is expecting a record year for franchise development. A rarity in franchising, the company has never closed a location.
'Nice difference' is key to company's long-term success
Christian Brothers uses the phrase "nice difference" to explain how it stands out from competitors. The phrase applies to its customers and to its franchisees, thanks in part to an unusual revenue model that helps attract people who want to live their faith in their business.
Christian Brothers is a highly rated, faith-based auto repair franchise with a unique financial model. The company assumes a majority of the risk by purchasing land and constructing "built-to-suit" buildings, which the franchisee then manages. Unlike virtually every other franchisor, the company doesn't charge a franchisee fees based on top-line revenues, but rather on a share of the profits, which is calculated after expenses. Franchisees also pay themselves a salary before they pay the franchisor a nickel.
"People looking for a franchise opportunity will find that a modest investment with us could very well become a multimillion-dollar business," Carr said. "Not only are those up-front costs minimal, but our management support helps our franchisees become profitable."
Christian Brothers offers another nice difference to franchisees - the company values more than making money and encourages its franchisees to take time to honor God, to be with friends and family, and to serve their communities. That's why Christian Brothers locations are closed on the weekends - which is incredibly unusual for an auto repair business.
To learn more, visit www.christianbrothersfranchise.com.
SOURCE Christian Brothers
Christian Brothers Automotive
Christian Brothers began 2015 with 135 locations nationwide, but its growth is unique - the auto repair franchise has not closed a single location since it began franchising in 1996.