The automotive aftermarket is projected to top more than $722 billion by the year 2020, according to Global Industry Analysts, Inc. Meineke Car Care Center is poised for paralleled growth as consumers place a greater focus on preventive maintenance and entrepreneurs seek franchising opportunities within the industry.
Meineke aims to continuously help its partners improve their top and bottom line performance to sustain a successful franchise system. Investment levels for franchise locations range from $225,000-$275,000 and top-performing stores average more than $675,000 in annual sales. The franchise remains committed to expansion through qualified single and multi-unit franchise partners for development across the U.S. and Canada, specifically in Atlanta, Jacksonville/Daytona Beach, Nashville, Orlando, Tampa and Northern California.
To break down the barriers of franchise development and accelerate brand growth in new and underserved markets, Meineke has developed several financing and incentive programs for new and existing franchisees. Recently partnering with BoeFly, the online marketplace harnessing technology to dramatically simplify the execution of commercial transactions, Meineke is now about to offer access to more than 3,600 lenders with the completion of a single loan request for faster start-up periods and better financing options.
For qualified new franchise prospects who are committed to purchasing multiple locations, 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 and offer a complimentary POS system, as well as a 75-percent reduction on royalty fees for the first six months in operation.