Meineke Car Care Center Puts its Foot on the Gas with Incentive Programs to Drive Expansion

Top-rated Auto Repair Franchise Continues Development in Thriving Automotive Aftermarket

CHARLOTTE, N.C. - March 25, 2015 - (BUSINESS WIRE) - The automotive aftermarket is projected to top more than $722 billion by the year 2020, according to Global Industry Analysts, Inc. Meineke Car Care Center, the nearly 1,000-unit, top-rated aftermarket auto franchise, is poised for paralleled growth as consumers place a greater focus on preventive maintenance and entrepreneurs seek franchising opportunities within the industry.

While opening new centers is critical to the company’s goal of significantly growing the brand, Meineke aims to continuously help its partners improve their top and bottom line performance to sustain a successful franchise system. Investment levels for franchise locations range from $225,000-275,000 and top-performing stores average more than $675K in annual sales. The franchise remains committed to expansion through qualified single and multi-unit franchise partners for development across the U.S. and Canada, specifically in Atlanta, Jacksonville/Daytona Beach, Nashville, Orlando, Tampa, and Northern California.

“The automotive aftermarket is often misunderstood in the business sense. Many times, the first thoughts that come to mind are dirty garages and an assumption that you have to come in with automotive experience,” said Sr. VP of Franchise Development of Meineke Car Care, Dave Schaefers. “In reality, we are looking for business-minded entrepreneurs with a variety of backgrounds who are seeking franchising opportunities in the booming aftermarket industry with attractive center-level profitability. We have a number of new programs that help with financing and encourage growth within our system.”

To break down the barriers of franchise development and accelerate brand growth in new and underserved markets, Meineke has developed several financing and incentive programs for new and existing franchisees. Recently partnering with BoeFly, the online marketplace harnessing technology to dramatically simplify the execution of commercial transactions, Meineke is now able to offer access to more than 3,600 lenders with the completion of a single loan request for faster start-up periods and better financing options.

For qualified new franchise prospects who are committed to purchasing multiple licenses, Meineke will discount each license after the initial one is signed and will reduce royalties by 75 percent for the first six months. If an existing franchise partner decides to purchase additional licenses, Meineke will discount that license, offer a comp POS system as well as a 75 percent reduction on royalty fees for the first six months in operation.

Meineke’s parent company, Driven Brands, Inc., is a leading automotive franchise holding company with over $1 billion in system-wide annual sales and more than 1,500 locations worldwide. Over the past year, the company has placed a greater focus on brand acquisitions, inking deals with seven brands in the last 18 months and further accelerating growth for brands such as Meineke and MAACO. Combined, Meineke and MAACO signed 210 licenses in 2014 through acquisitions and franchise deals with new owners.

Formerly known as the muffler repair experts, Meineke has evolved its menu of product offerings to meet the demands of the changing marketplace. Today, the Charlotte-based franchise has emerged as the one-stop shop for tires, brake repairs, tune-ups, alignments, shocks and struts, routine maintenance and more.

About Meineke Car Care Center

Charlotte, N.C.-based Meineke Car Care Center opened its first auto care center in 1972 and now has nearly 1,000 centers in 48 states. The full-service auto care providers, known for its work with tires, brake repairs, tune-ups, alignments, shocks and struts, routine maintenance and more, was ranked no. 53 overall in Entrepreneur Magazine’s Franchise 500 in 2015. The company was also named one of the 50 Top Franchises for Veterans in World Franchising Network’s 2014 listing. Over the years, Meineke has expanded its service offerings to better meet the demands of its customers and a changing marketplace. Today, Meineke is a division of Driven Brands, Inc., the leading automotive aftermarket franchisor in the world. Interested in becoming a Meineke franchisee? Visit www.meinekefranchise.com or call (866) 614-0479.

SOURCE Meineke Car Care Center

Contact:

Lindsey Warriner
Fishman PR
847.945.1300 ext. 243
lwarriner@fishmanpr.com

###

Share this Story:

Comments:

comments powered by Disqus

Franchise News Room »


News By Industry »


Featured Opportunities

SiempreTax
SiempreTax+ is a low-investment tax franchise opportunity. SiempreTax+ specializes in tax return preparation for individuals and small businesses in...
HYPOXI
Operated in studios across the globe, HYPOXI is proven not only to be an effective weight loss solution for men and women, but is also a popular...
Golden Corral Buffet and Grill
Golden Corral is the nation's leading family style restaurant franchise featuring steaks, buffet and bakery items.
Speaking Roses
Speaking Roses gives you the opportunity to produce, sell, and distribute our patented product in your area using our very own flower printer....
Learning Express
Learning Express is the nation's leading specialty toy store franchise - dedicated to providing toys that encourage learning through play, a...

Subscribe to Franchising.com Express

A Franchise Update Media Production
Franchise Update Media | P.O. Box 20547 // San Jose, CA 95160 // PH. (408) 402-5681
Copyright © 2001 - 2017. All Rights Reserved.

In Loving Memory Of Timothy Gardner (1987-2014)