Meineke Car Care Center, the nearly 1,000-unit aftermarket auto care franchise, has been ranked No. 138 on the 2014 Franchise Times Top 200 List. The ranking uses a combination of companies’ voluntary reports and publicity available data including the franchises’ most recent franchise disclosure documents and Securities and Exchange Commission filings to measures franchise brands based on total worldwide system sales.
Meineke’s recognition stems from notable worldwide sales and extensive growth in the past year. In 2014, the franchise has added 34 locations through expansion both domestically and internationally. This momentum will continue as executives have inked franchise deals for an additional 125 units so far this year. The franchise remains committed to recruiting qualified single and multi-unit franchise partners for development across the U.S. and Canada, specifically in Las Vegas, Detroit, New Orleans and Miami.
“We are proud of our incredible growth as we approach the 1,000 unit milestone and will continue to do it the right way. We are focused on strategically entering new markets while positioning new and existing franchisees for sustained success,” said Sr. VP of Franchise Development of Meineke Car Care, Dave Schaefers. “Our team is working to continuously find new ways to improve the top and bottom line performance across the franchise system.”
To break down the barriers of franchise development and augment brand growth in new and underserved markets, Meineke has developed several financing and incentive programs for new and existing franchisees. For qualified new franchise prospects who are committed to purchasing multiple licenses, Meineke will discount each license after the initial one is signed and will reduce royalties by 75 percent for the first six months. If an existing franchise partner decides to purchase additional licenses, Meineke will discount that license, offer a comp POS system as well as a 75 percent reduction on royalty fees for the first six months in operation.
Formerly known as the muffler repair experts, Meineke has evolved its menu of product offerings to meet the demands of the changing marketplace. Today, the Charlotte-based franchise has emerged as the one-stop shop for tires, brake repairs, tune-ups, alignments, shocks and struts, routine maintenance and more. The brand evolution is paying off in a big way. In 2013, Meineke sold more licenses to existing franchise partners than it did during the last four years combined.
For more information, visit www.meinekefranchise.com.
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