Christian Brothers Automotive 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, Christian Brothers has been rated number 226 alongside the largest franchises in its industry.
The company says this recognition validates the tremendous Christian Brothers has experienced in the past year. In 2017, the brand generated $238 million in sales. Christian Brothers now operates 191 car care centers in communities throughout the United States.
“We are humbled to achieve this incredible milestone,” said Josh Wall, chief development office of Christian Brothers Automotive. “This ranking is a direct result of our franchisees’ hard work and dedication to succeed. We look forward to continuing this momentum as we grow into new markets and offer continued support to our 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 also must 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.
Based on a business model emphasizing that taking your car to be serviced shouldn’t be a chore, Christian Brothers Automotive offers an array of services, from simple upkeep and maintenance to preventative services addressing issues that would otherwise require more expensive repair and replacement down the road.
The company says ideal Christian Brothers Automotive franchisees are strong leaders with experience leading a team and who love serving people. They prioritize giving back and engaging with their local community in order to ultimately make a difference for everyone around them.
The estimated initial investment for a Christian Brothers Automotive franchise ranges from $458,950 to $555,350, with 82 to 83 percent of the investment typically financed over a 10-year period using Small Business Administration (SBA) loans. Interested individuals also must have a minimum net worth of $250,000 and $85,000 in liquid capital to ensure additional funding is available while launching their franchise.
For more information about the Christian Brothers Automotive franchise opportunity, visit http://www.christianbrothersfranchise.com.