Meineke Ranked on Entrepreneur Magazine’s 40th Annual Franchise 500® List
Automotive Repair and Maintenance Franchise Ranked as a Top Investment Opportunity
January 22, 2019 // Franchising.com // CHARLOTTE - Meineke 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. Meineke, which was ranked number 488 overall, has been rated as a top automotive repair and maintenance franchise opportunity on the market.
“We are honored to make this year’s Entrepreneur 500 list,” said John Moreau, vice president of franchise development at Meineke. "We look forward to building upon this momentum 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.”
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.
Ideal Meineke franchisees are coachable, yet demonstrate an entrepreneurial spirit that fosters sales and revenue growth. Executive-level corporate experience and/or franchise ownership and operations experience is preferred, but not required.
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. Meineke’s position on the ranking is a testament to its strength as a franchise opportunity.
To view Meineke in the full ranking, visit www.entrepreneur.com/franchise500.
To learn more about Meineke and its services, visit: www.meineke.com.
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 almost 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 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.
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