Christian Brothers Automotive Franchise Targets 7 Cities for Expansion
Christian Brothers has announced plans to open new auto repair franchise locations in seven cities around the country.
The faith-based automotive franchise will be opening new stores in Greeley, Colorado, Philadelphia, Pennsylvania, Chicago, Illinois, Overland Park, Kansas, Minneapolis, Minnesota, Richmond, Virginia, and Raleigh, North Carolina. In Kansas, the auto repair franchise will be adding locations to a market where they already have a strong presence, while in the Raleigh area, the locations in Wake Forest and Cary will widen the Christian Brothers foothold.
Christian Brothers has 150 locations in 21 states, and the auto repair franchisor has been growing at a record pace. In 2013, Christian Brothers opened 16 new locations; in 2014, they opened 12. The seven cities listed above are part of the brand's ambitious plan for growth, which consists of opening 35 stores in six new states around the country. The home office team now consists of more than 50 superbly qualified team members who care for and support the franchise family.
Rapid expansion is a reflection of climbing revenue
The Christian Brothers brand is growing in number of auto repair franchise locations and in overall average revenue. In its most recent Franchise Disclosure Document, the brand reported that the average revenue of its auto repair franchise stores increased 4.4% from 2013 to 2014. In 2013, Christian Brothers reported that franchise-owned stores were averaging $1,174,586 in revenue. In 2014, the average revenue number jumped to $1,225,862. The rise in last year's revenue is even more significant because the brand included 12 additional stores in its calculations.
"These numbers are validating for us because we believe that we provide the 'nice difference' in our industry," said Mark Carr, CEO of Christian Brothers. "The rise of our revenue is evidence of not only in how much we've grown in the past few years, but of why we've managed to grow successfully. We treat all of our customers with dignity, our work is done with honesty and integrity, and more and more people are taking notice."
Christian Brothers was recently named a best-bet investment
Franchise Grade, an online-based company engaged in comparing and grading franchise systems for their investment value, recently ranked Christian Brothers auto repair franchise as the No. 5 franchise in the nation. Out of the 2,419 franchise systems that Franchise Grade analyzed for its inaugural Top 500 list of the best franchises to buy, Christian Brothers stands out against our competition. Not a single other auto repair franchise system cracked the top 50.
In measuring the brands that made the Top 500 list, Franchise Grade developed a comprehensive metric to determine not only the financial performance of franchise systems, but the overall health of a particular brand. The company pored over thousands of Franchise Disclosure Documents, analyzed Franchise Turnover Rates, potential growth in new markets and satisfaction rates of current franchise owners.
"Given the amount of research that went into determining the Top 500 list, we feel extremely validated to be ranked so highly by Franchise Grade," said Josh Wall, Vice President of Franchise and Strategic Development with Christian Brothers Automotive. "Our company culture of honest work based on biblical principles is the reason that in our nearly two decades of franchising, not a single one of our locations nationwide has closed. The fact that we are ranked higher than our competition speaks to the long-term and continued success of our brand."
Christian Brothers is a highly rated, faith-based, automotive franchise with a unique financial model. Christian Brothers assumes a majority of the risk by purchasing and constructing "built-to-suit" buildings, where the franchisee becomes the owner/operator. Christian Brothers does not charge a franchisee based on top-line revenues like virtually every other franchisor, but instead on a share of the profits, which is calculated after expenses. Franchisees also pay themselves a salary before they pay the franchisor a nickel.
This article appeared on Market Watch.