Maaco is Named To Franchise Times Top 200+ List
Automotive Aftermarket Franchise Ranked #141 In List of Largest United States Franchises
October 17, 2018 // Franchising.com // CHARLOTTE - Macco announced today that it has been named to Franchise Times’ Top 200+ list, which is an exclusive ranking of the 500 largest franchises. Based on the company’s worldwide system sales and number of locations, Maaco has been rated number 141 alongside the largest franchises in its industry.
This recognition validates the tremendous growth the company has experienced in the past year. In 2016, the brand generated $518 million in sales and added more than 10 units. Maaco now operates 514 plus units in communities throughout the United States and Canada.
“We are humbled to achieve this incredible milestone,” said Dennis Elliott, Vice President of Development and Franchising for Maaco. "This ranking is a direct result of our franchisees’ hard work and dedication to succeed. We look forward to continuing this momentum as we grow into new markets and offer continued support to our existing franchisees.”
Using a combination of companies’ voluntary reports and the most recent franchise disclosure documents, the Franchise Times Top 200+ is an annual ranking of the 500 largest franchise systems in the United States by global system-wide sales, based on the previous year's performance. The project is the result of a five-month research and reporting effort each year that results in the most credible and objective franchise ranking available.
To qualify for the ranking, companies must be a legal United States franchise, with its headquarters based in the United States or at least 10 percent of their total units located in the country. Franchisees must also own at least 15 percent of the company’s total units. The 200 franchises with the top global system-wide sales, including total sales for both franchise and company units, receive the highest rankings.
Maaco provides automotive paint and cosmetic repair services for nearly 500,000 drivers annually. With more than 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.
Entrepreneurially spirited individuals interested in owning a Maaco franchise should have the ability to invest $400,000, which includes working capital and a typical franchise fee of $40,000.
To learn more about Maaco, visit: https://www.maaco.com.
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 body shop. Maaco provides automotive paint and cosmetic repair services for nearly 500,000 drivers annually. With more than 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.
About The Franchise Times Top 200+
The Franchise Times Top 200+® is the only ranking by system-wide sales and units of the largest 500 U.S.-based franchise brands. Published in the October issue and available in a searchable database online, the Franchise Times Top 200+ also analyzes industry sectors based on percentage change in sales growth, reports the 10 fastest- growing franchises by four different measures, and includes exclusive news stories about the biggest names in franchising. The rankings and full report, and the searchable online database, are available at www.franchisetimes.com.
To learn more about Franchise Times, visit http://www.franchisetimes.com.
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