AAMCO Ranked Among Top Franchises In Entrepreneur’s Highly Competitive Franchise 500®
January 13, 2022 // Franchising.com // HORSHAM, Pa. - AAMCO, the chain of transmission specialists and a leader in total car care for nearly 60 years, was recently recognized as one of the top 500 franchises in Entrepreneur’s Franchise 500®, the world’s first, best and most comprehensive franchise ranking. The 43rd annual Entrepreneur Franchise 500® is a highly sought-after honor in the franchise industry. Recognized as an invaluable resource for potential franchisees, the 2022 Franchise 500® ranks AAMCO at no. 249 - up more than 200 spots from last year -- for its outstanding performance in areas including unit growth, financial strength and stability, and brand power.
AAMCO was also recently featured in Entrepreneur’s “10 Ways the Pandemic Has Changed Franchising” and recognized for its commitment to adding and expanding virtual training for franchisees.
“We appreciate being recognized as a top franchise in Entrepreneur’s competitive ranking,” said Jim Gregory, CEO of AAMCO Transmission and Total Car Care. “Our team adapted quickly to remain open throughout the pandemic and offer automotive repair options to our customers during a very difficult time. This has been another opportunity to live up to the trusted brand AAMCO has been for nearly 60 years.”
Over its 43 years in existence, the Franchise 500® has become both a dominant competitive measure for franchisors and a primary research tool for potential franchisees.
“The past year has been one of the most challenging for businesses in recent memory, which made putting together our 43rd annual Franchise 500 list more enlightening than ever,” says Entrepreneur Editor in Chief Jason Feifer. “The companies named to this year’s list showed us how being resilient, supportive, and nimble can help navigate extraordinary challenges and also underscore the grit and innovation that define entrepreneurship.”
In Entrepreneur’s continuing effort to best understand and evaluate the ever-changing franchise marketplace, the company’s 43-year-old ranking formula continues to evolve as well. The editorial team researches and assesses several factors that go into the evaluation, including costs and fees, size and growth, support, brand strength, and financial strength and stability. Each franchise is given a cumulative score based on an analysis of more than 150 data points, and the 500 franchises with the highest cumulative scores become the Franchise 500® in ranking order.
Results can also be seen in the January/February 2022 issue of Entrepreneur, available on newsstands January 11th.
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