MIDLOTHIAN, Ill. (PRWEB) January 27, 2020
Milex Complete Auto Care/Mr. Transmission, one of the nation’s leading franchises of general automotive repair and transmission repair services, was recently named to Entrepreneur magazine’s Franchise 500 list, the world’s first, best and most comprehensive franchise ranking.
Recognized by entrepreneurs and franchisors as a top competitive tool of measurement, the Franchise 500 ranked Milex/Mr. Transmission as #481 for its exceptional performance in areas including financial strength and stability, growth rate, and brand power.
Placement in the Franchise 500 is a highly sought-after honor in the franchise industry, as evidenced by the fact that Entrepreneur received more than 1,000 applications this year, making it one of the company’s most competitive rankings ever.
The key factors that go into the evaluation of the Franchise 500 include 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.
“It is a tremendous honor for Milex/Mr. Transmission to once again be included on Entrepreneur’s Franchise 500 list,” said Peter Baldine, President of Moran Family of Brands. “It is a direct reflection of the growth and success of the brands and the hard work and performance of our outstanding franchisees.”
Milex/Mr. Transmission is a co-branded operation under franchisor Moran Family of Brands. Milex provides customers with preventative maintenance services such as oil changes, brake repair, and radiator and cooling systems and engine repair along with a full range of diagnostic services. The Mr. Transmission brand specializes in repair and installation of a vehicle’s transmission systems and drivetrain components. Together, Milex/Mr. Transmission operates 40 co-branded franchise locations across the country.
"The 500 companies on this list all have something in common: They understand what consumers want now,” says Entrepreneur editor in chief Jason Feifer. “They may be an upstart in a brand-new category, or they may be a brand like Dunkin’ that’s ranked highly on our list for decades. But either way, making our list means they’re forward-thinking, nimble, and closely in touch with their customers’ needs — because, in an ever-changing business environment, that’s what a franchise must do to thrive."
Over its 41 years in existence, the Franchise 500 has become both a dominant competitive measure for franchisors and a primary research tool for potential franchisees. Milex/Mr. Transmission’s position on the ranking is a testament to its strength as a franchise opportunity.
To view Milex/Mr. Transmission’s full ranking, visit the Franchise 500 listing on the Entrepreneur website. Results can also be seen in the January/February issue of Entrepreneur, now available on newsstands.
About Moran Family of Brands:
Moran Family of Brands is one of the nation’s leading franchisors of general automotive repair, transmission repair and automotive accessory centers. Based in Midlothian, Illinois, Moran Family of Brands provides specialty products and services in virtually every aspect of the automotive aftermarket through four individual brands and a total of more than 120 franchise locations nationwide including: Mr. Transmission, “The Professionals”; Alta Mere “The Automotive Outfitters”; Milex Complete Auto Care centers and SmartView Window Solutions. For more information on Moran Family of Brands visit http://www.moranfamilyofbrands.com.