HOUSTON, TX - (Marketwired - Aug 31, 2015) - Franchise Grade, an online company engaged in comparing and grading franchise systems for their investment value, recently ranked Christian Brothers auto repair franchise as the No. 5 franchise in the nation. Out of the 2,419 franchise systems that Franchise Grade analyzed for its inaugural Top 500 list of the best franchises to buy, Christian Brothers stands out among the competition -- not a single other auto repair franchise system cracked the top 50.
Christian Brothers is a highly rated, faith-based auto repair franchise with a unique financial model. Christian Brothers assumes a majority of the risk of starting a franchise location by purchasing and constructing "built-to-suit" buildings, which the franchisee then manages. Christian Brothers does not charge a franchisee based on top-line revenues like virtually every other franchisor, but instead on a share of the profits, which is calculated after expenses. Franchisees also pay themselves a salary before they pay the franchisor a nickel.
In measuring the brands that made the Top 500 list, Franchise Grade developed a comprehensive metric to determine not only the financial performance of franchise systems, but the overall health of a particular brand. The company pored over thousands of Franchise Disclosure Documents, analyzed Franchise Turnover Rates, potential growth in new markets, and satisfaction rates of current franchise owners.
"Given the amount of research that went into determining the Top 500 list, we feel extremely validated to be ranked so highly by Franchise Grade," said Josh Wall, Vice President of Franchise and Strategic Development with Christian Brothers Automotive. "Our company culture of honest work based on biblical principles is the reason that in our nearly two decades of franchising, not a single one of our 135 locations nationwide has closed. The fact that we are ranked higher than our competition speaks to the long-term and continued success of our brand."
The Christian Brothers' brand is growing in terms of number of auto repair franchise locations and overall average revenue. In its most recent Franchise Disclosure Document, the brand reported that the average revenue of its auto repair franchise stores increased 4.4% from 2013 to 2014. In 2013, we reported that franchise-owned stores were averaging $1,174,586 in revenue. In 2014, the average revenue number jumped to $1,225,862. The rise in last year's revenue is even more significant because the brand included 12 additional stores in its calculations.
One of Franchise Grade's criteria for making the Top 500 list is the long-term sustainability of a brand, and the franchise research firm was impressed by Christian Brothers' track record of continued steady growth. The brand plans to continue that growth by opening 20 new auto repair franchise locations in 2015. In addition to being honored with a high ranking by Franchise Grade, the auto repair franchise's continued strong growth has earned the brand recognition from Entrepreneur magazine and Franchise Business Review.
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.
One of the things the brand credits with its success is its culture of faith-based values, which shines through every aspect of the business and is especially present in hearts of its auto repair franchise owners. The brand outshines the competition in appearance and performance: Every Christian Brothers' facility is a gorgeous, solid-brick building with a lobby that is reminiscent of an upscale hotel, complete with comfortable furniture. The bathroom is clean, and the repair bays are immaculate. The staff is friendly, helpful, and genuinely interested in the needs of the customers. Customers are immediately greeted, asked about their car issues, and offered something to drink.
"When they walk in the door, we want them to know we're glad they are there," said Colleen Manno, a franchisee in Huntersville, North Carolina. "We're going to do some things they don't have the time to do. We're taking care of their car, and we're going to do it with excellence. We're not just working for ourselves. The Bible tells us whatever you do, do it for God, not for man. We're working and taking care of their cars, not just for them but also for God. That's our responsibility."
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.