Wednesday, March 9, 2016

Meineke target: double systemwide sales by 2018

Image result for meineke storeDriven Brands Inc. wants to double the systemwide sales of its Meineke Car Care Centers brand by year-end 2018 by expanding the U.S. store network 50 percent to 1,400 locations and growing each store’s average revenue.

Meineke expects to add franchisees in three different ways — recruiting new franchisees the “traditional” way, attracting entrepreneurs to the potential of the automotive aftermarket; incentivizing existing franchisees to open additional stores; and by recruiting institutional investors looking for a decent return on their investment.. . . more

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