Collision Repair and Auto Painting Franchise Looks to Mimic Lone Star State Growth Strategy Nationwide
June 20, 2017 // Franchising.com // DALLAS – Maaco Auto Painting & Collision Repair, America’s No. 1 auto painting and collision repair franchise, has aggressively expanded in Texas this year through a two-pronged strategy of new franchisees signing on with the brand and the acquisition and conversion of existing independent auto body shops. The brand plans to have 40 licenses sold in the first half of 2017 alone. In its 45th year in business, Maaco has identified Texas as its fastest growing state and looks to replicate its success in other markets across the U.S. and Canada.
Maaco currently operates 46 locations throughout Texas. The franchise has recently experienced significant growth in the Dallas market, where it opened the brand’s 500th unit in March, and operates 18 locations in the greater Dallas market with five additional grand openings planned in the coming months in Rockwall, Keller, Plano, Euless, and Mesquite.
Additionally, Maaco is looking to grow its brand presence in specific markets throughout Texas, including Galveston, San Antonio, El Paso, College Station and Beaumont.
“Texas is currently the fastest growing state for Maaco and has proven to be extremely receptive to our business model,” said Rob Cambruzzi, Vice President of Maaco Franchise Development. “We’re excited about the development we’ve seen here and look to continue the strategy to expand our footprint throughout the U.S. and Canada. One unique way we’ve been able to grow in Dallas is through independent body shop owners selling their shops to area Maaco licensees, who then convert the shops into Maaco centers. In addition to replicating this strategy in other markets, we are actively looking for business-minded entrepreneurs across North America who are seeking franchising opportunities in the booming auto aftermarket industry to join the Maaco family.”
In Dallas, Maaco awarded licenses to several new franchisees in 2017, most recently to Vikrant Bhatia, a Dallas-based entrepreneur, who has since purchased two local body shops for conversion.
Because of the success in Texas through Maaco’s licensing program, the company is looking to replicate this growth strategy in other markets. California, Wisconsin, Tennessee, Georgia, Michigan, Connecticut, Florida and the greater Toronto area, top the list for areas where licensees are ready to purchase interested independent auto body shops if the facility meets the basic criteria for square footage, zoning requirements and has a functional paint booth. The company is also offering independent auto body shop owners looking to increase profitability and efficiency the opportunity to become Maaco franchisees by converting their shops into Maaco centers. Franchisees benefit from a flexible lifestyle with family-oriented 8-5 Monday through Friday operating hours, and a great earnings potential. Average certified Maaco centers generate over $1.3 million** in sales, with franchisees generating an average net income of $198,963**.
Maaco is the largest paint and collision repair franchise in the growing $43 billion auto aftermarket segment. The franchise plans on adding 60 new franchisees over the next year to achieve an overarching goal of becoming a $1 billion brand.
Maaco’s parent company, Driven Brands, Inc., is a leading automotive franchise holding company with over $2.3 billion in system-wide annual sales and more than 2,500 locations worldwide. Driven Brands, Inc. is a member of Roark Capital Group, an Atlanta-based private equity firm that specializes in franchise, brand management, environmental services and marketing services companies with attractive growth prospects.
To learn more about franchising opportunities, please visit: www.maacofranchise.com.
**This information is based upon actual, historical financial information provided by Maaco franchisees and disclosed in MAACO’s Franchise Disclosure Document (“FDD”). Individual results may vary. Historical financial performance does not guarantee future results. For further information about franchisee financial performance, see Item 19 of the FDD. Average Sales and average Income based on 193 Certified Centers who reported at least 50 weeks of gross sales for the 52-week period beginning 12/27/15 and ending 12/24/16.
Maaco Auto Painting & Collision Repair – a part of the Driven Brands, Inc. family of automotive aftermarket franchise brands based in Charlotte, NC – is America’s #1 Bodyshop. Maaco provides automotive paint and cosmetic repair services for nearly 500,000 drivers annually. With over 500 independently owned and operated franchises across the United States and Canada, Maaco has restored the safety and appearance of more than 20 million vehicles over 45 years. Maaco has been named a top automotive franchise numerous times by Entrepreneur Magazine in its Annual Franchise 500 ranking. In addition to other honors, Maaco has been included on Franchise Times’ list of Top 200 franchises. For more information about Maaco, visit www.Maaco.com. For more information about franchising opportunities, visit www.MaacoFranchise.com.
ABOUT DRIVEN BRANDS
Driven Brands, headquartered in Charlotte, NC, is the parent company of North America’s leading automotive aftermarket brands across four distinct verticals: Repair & Maintenance, housing Meineke Car Care Centers®; Paint & Collision, housing Maaco® and CARSTAR North America®; Distribution, housing 1-800-Radiator & A/C®; and Quick Lube, housing Take 5 Oil Change. Driven Brands has more than 2,500 centers across North America, and combined, all businesses generate more than $2.3 billion in system sales. For more information, visit www.DrivenBrands.com.