Christian Brothers Automotive, the faith-based automotive repair franchise, announced recently that it has been ranked second in Forbes magazine’s “Best Franchises to Buy” list in the category of high-investment franchises.
Forbes’ list of “Best Franchises to Buy” is an annual analysis that highlights 60 U.S. franchises that offer the best (and worst) opportunities for investors, created in conjunction with industry research firm FRANdata.
Christian Brothers’ placement on the ranking is a strong recognition of the value and growth potential of the franchise opportunity and its position as a leading investment in its price segment, said the company.
“It is incredibly exciting to be recognized for the strong value our investment provides to our franchisees. We’re proud to be ranked as leading franchise investment,” said Donnie Carr, president of Christian Brothers Automotive. “Our relentless effort to make our brand appealing and rewarding to prospective and existing franchisees is something of which we are extremely proud.”
The best 60 franchises highlighted are selected from more than 3,300 brands. Those 60 best franchises are then separated into categories based on investment levels and ranked based on criteria such as activity, performance and scale, including system sustainability and demand, value for investment, and franchisor support and stability.
In addition to the ranking criteria, Forbes requires all top brands to disclose unit financial performance, to have a minimum of 50 franchised units at the beginning of 2013 and 100 at the end of 2017, and to not have experienced any year-over-year declines in system size.
To view Christian Brothers Automotive in the full ranking, visit: https://www.forbes.com/sites/karstenstrauss/2019/06/19/best-worst-franchises-buy-own/#7aba2dfb7d79.