CORRECTION: In a press release issued last week, the company incorrectly stated it had “nearly 1,000 locations internationally.” In actuality, Meineke has a total of approximately 1,000 locations combined, which includes 876 locations in the U.S and 91 international locations. Meineke has franchises in 48 states and 7 countries.
Entrepreneur magazine has named Meineke Car Care as one of the country’s top global franchises. With nearly 1,000 locations, including 876 in the U.S., the aftermarket auto care franchise ranks among the top companies expanding internationally as part of the annual Top Global Franchise list.
The ranking was formulated based on specific criteria, and only companies seeking new franchisees outside the U.S. with a minimum of five open international locations were considered for this list. To compile the ranking, Entrepreneur started with each company’s 2015 Franchise 500 score based on objective, quantifiable criteria including system size, growth and financial strength and stability. The ranking was then adjusted to give extra weight to international size and growth.
“We are honored to be listed as a top global franchise and are proud to know that we are growing the right way, resulting in eight straight months of positive comp sales for Meineke,” said Dave Schaefers, senior vice president of franchise development of Meineke Car Care. “We continue our commitment to international and domestic expansion through qualified single and multi-unit franchise partners for development across the U.S. and Canada, specifically in Atlanta, Jacksonville, Nashville, Orlando, Tampa and Northern California.
Meineke’s parent company, Driven Brands Inc., is a leading automotive franchise holding company with over $1 billion in system-wide annual sales and more than 1,600 locations worldwide. Over the past year, the company has placed a greater focus on brand acquisitions, inking deals with seven brands in the last 18 months and further accelerating growth for brands such as Meineke and MAACO. Combined, Meineke and Maaco signed 210 licenses in 2014 through acquisitions and franchise deals with new owners.”
Driven Brands, Inc. was also recently announced as a new member of Roark Capital Group, an Atlanta-based private equity firm that specializes in franchise, brand management, environmental services and marketing services companies with attractive growth prospects.
To view the full ranking of Entrepreneur’s Top Global Companies, visit here.
