CHARLOTTE, N.C. (PRWEB) November 07, 2017
Three leading companies among the Driven Brands, Inc. family of automotive aftermarket franchise brands have been ranked in Franchise Times magazine’s Top 200, the most comprehensive ranking of the 500 largest U.S. franchise systems. Collectively, the three showcased automotive brands have more than 2,000 locations, primarily in North America, and delivered more than $1.8 billion on sales.
Recognized by entrepreneurs and franchisors as a top competitive tool of measurement, the Franchise Times Top 200 placed CARSTAR North America 108th on the list with more than 550 independently owned collision repair facilities. Meineke Car Care Centers was ranked 136th, with nearly 1,000 locations. Maaco Auto Painting and Collision Repair was 140th with more than 500 locations. Among top 10 automotive franchises, CARSTAR ranked fourth, Meineke was seventh and Maaco was eighth.
“It’s an honor to be recognized among the top companies in the world,” said Dennis Elliott, Vice President of Development and Franchising, for Driven Brands. “Through the past year, we have strengthened our operational and financial performance at these three dynamic companies, grown tremendously, integrated our operations and developed new cross-functional opportunities for all three brands. This an excellent sign of these accomplishments.”
The Franchise Times Top 200+ is an annual ranking of the 500 largest franchise systems in the United States by global systemwide sales, based on the previous year’s performance. In a five-month research process and building upon a database that began in 1999, the research team uses a combination of companies’ voluntary reports and publicly available data, including the franchises’ most recent franchise disclosure documents and Securities and Exchange Commission filings.
About Driven Brands
Driven Brands, headquartered in Charlotte, NC, is the parent company of North America’s leading automotive aftermarket brands across four distinct verticals: Repair & Maintenance, housing Meineke Car Care Centers®; Paint & Collision, housing Maaco® and CARSTAR North America®; Distribution, housing 1-800-Radiator & A/C®; and Quick Lube, housing Take 5 Oil Change. Driven Brands has more than 2,500 centers across North America, and combined, all businesses generate more than $2.3 billion in system sales. For more information, visit http://www.DrivenBrands.com.
About the Franchise Times Top 200+
The Franchise Times Top 200+® is the only ranking by systemwide sales and locations of the largest 500 U.S.-based franchise brands. Published in the October issue and available in a searchable database online, the Franchise Times Top 200+ also analyzes industry sectors based on percentage change in sales growth, reports the 10 fastest-growing franchises by four different measures, and includes exclusive news stories about the biggest names in franchising. The rankings and full report, and the searchable online database, are available at http://www.franchisetimes.com.