Maaco Soars to New Heights On Entrepreneur Magazine’s 40th Annual Franchise 500® List
Paint and Body Shop Franchise Ranked #1 in the Automotive Appearance Services Category
January 22, 2019 // Franchising.com // CHARLOTTE - Maaco announced today that it has been named to Entrepreneur magazine’s Franchise 500® list, considered the world’s first, best and most comprehensive franchise ranking. Maaco has been rated number one in the appearance services section of the automotive category and 180 overall. Notably, Maaco has climbed from its rank of 228 in last year’s list, representing the brand’s continued momentum.
“We are honored to receive this ranking,” said John Moreau, vice president of franchise development at Maaco. "We look forward to building upon this growth in 2019, as we form new relationships, expand into new markets, and offer our existing franchisees continued support.”
The key factors that go into Entrepreneur’s evaluation include costs and fees, size and growth, support, brand strength, and financial strength and stability. All franchises are given a cumulative score based on more than 150 data points, and the 500 franchises with the highest cumulative scores become the Franchise 500® in ranking order.
“As we celebrate 40 years of producing the Franchise 500, it’s a good opportunity to step back and look at how much has changed since that first ranking in 1980,” says Jason Feifer, editor in chief of Entrepreneur. “While the franchise business model has changed little, the strongest franchise brands are constantly evolving and innovating to keep up with changing trends and technology.”
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.
Over its 40 years in existence, the Franchise 500® has become both a dominant competitive measure for franchisors and a primary research tool for potential franchisees. Maaco’s position on the ranking is a testament to its strength as a franchise opportunity.
To view Maaco in the full ranking, visit www.entrepreneur.com/franchise500.
To learn more about Maaco and its services, visit: 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’ Top 200+ list of franchises. For more information about Maaco, visit www.Maaco.com.
About Entrepreneur Media Inc.
For 40 years, Entrepreneur Media Inc. has been serving the entrepreneurial community providing comprehensive coverage of business and personal success through original content and events. Entrepreneur magazine, Entrepreneur.com, and publishing imprint Entrepreneur Press provide solutions, information, inspiration and education read by millions of entrepreneurs and small business owners worldwide. To learn more, visit entrepreneur.com.
All Points PR
Comments:comments powered by Disqus
- Expansions & Growth
- Financial & Earnings Claims
- Mergers & Acquisitions
- Personnel Changes
- General Announcements
- Conferences & Events
- Product Announcements
- Media Coverage
- Strategic Alliances