Meineke is Named To Franchise Times Top 200+ List
Automotive Aftermarket Franchise Ranked # 137 In List of Largest United States Franchises
October 17, 2018 // Franchising.com // CHARLOTTE - Meineke Car Care Center 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, Meineke has been rated number 137 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 $534 million in sales. Meineke operates more than 860 units in communities throughout the United States.
“We are humbled to be included in Franchise Times Top 200+ list,” said Jon Gaiman, Chief Development Officer of Driven Brand, parent company of Meineke. "This ranking validates the drive, support, commitment and success behind Meineke. We look forward to continuing this momentum as we continue to grow into new markets and offer support to our new and 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.
Meineke provides automotive maintenance and repair services for nearly 3 million cars a year. In recent years, Meineke has expanded its product offerings to better meet the demands of its customers and a changing marketplace, becoming the “total car care” brand.
Entrepreneurially spirited individuals interested in owning a Meineke franchise should have the ability to invest $122,758 - $572,540, which includes working capital and a typical franchise fee of $35,0000.
To learn more about Meineke Car Care Centers, visit: https://www.meineke.com.
About Meineke Car Care Centers, Inc.
Meineke Car Care Centers, Inc., is a division of Driven Brands, Inc., the leading automotive aftermarket franchisor in the world. Founded in 1972, Meineke has more than 900 centers that service approximately 3 million cars a year. In recent years, Meineke has expanded its product offerings to better meet the demands of its customers and a changing marketplace, becoming the “total car care” brand. Meineke continues to be ranked as one of the best franchise opportunities in the country.
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.
Media Relations Lead
SOURCE Meineke Car Care Centers, Inc.