Meineke Car Care Center is striving for further expansion across the U.S. and Canada – specifically in Atlanta, Jacksonville/Daytona Beach, Nashville, Orlando, Tampa, and Northern California – and is offering added incentives to new and existing franchisees.
According to Meineke, which currently has nearly 1,000 locations, investment levels for franchise locations range from $225,000-$275,000 and top-performing stores average more than $675,000 in annual sales.
“To break down the barriers of franchise development and accelerate brand growth in new and underserved markets,” Meineke said it has developed several financing and incentive programs for franchisees. Recently partnering with BoeFly, Meineke is now able 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, the company said in a statement.
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% for the first six months. If an existing franchise partner decides to purchase additional licenses, Meineke will discount that license and offer a comp POS system, as well as a 75% reduction on royalty fees for the first six months in operation.
Formerly known as the muffler repair experts, today Charlotte, N.C.-based Meineke offers tires, brake repairs, tune-ups, alignments, shocks and struts, routine maintenance and more. Meineke’s parent company, Driven Brands Inc., is an automotive franchise holding company with over $1 billion in system-wide annual sales and more than 1,500 locations worldwide.
