Some franchise systems truly define the concept of scale and showcase the ability of an organizations ability to efficiently grasp an entire industry segment. The world’s most exclusive and impressive franchise brands in some cases are owned by a holding group who leverages their resources to operate a multitude of different brands within a market segment. Driven Brands has approached the automotive franchise market place with enormous success across a variety of different markets within the automotive services category of franchising.
This approach allows an organization to use best practices, staff, infrastructure, systems and economies of scale to benefit all of the brands they own. The success of the Driven Brands franchise network speaks for itself how well this multi-franchise ownership structure can execute when managed effectively.
Drive N Style: Auto Restoration services.
Franchised in 1993 – 61 Franchises in Operation.
Initial Investment: $75k – $85k
Franchise Fee: $45k
Royalty: 7.5%
Meineke Car Care Centers: Auto Repair
Franchised in 1972 – 914 Franchises in Operation.
Initial Investment: $122k – $572k
Royalty: 5%
Maaco: Auto Painting Service
Franchised in 1972 – 496 Franchises in Operation
Initial Investment: $362k – $567k
Royalty: 9%
1-800 Radiator
Franchised in 2005 – 210 Franchises in Operation
Initial Investment: $250k – $1mil
Royalty: 8%
Take 5 Oil Change
Franchised in 1996 – 21 Franchises in Operation
Initial Investment: $670k – $878k
Royalty: –
CarStar Auto Collision Repair
Franchised in 1989 – 533 Franchises in Operation
Initial Investment: $283k – $824k
Royalty: $3.5k per month
For more information on automotive franchises: https://franchiseconduit.com/