For qualified new franchise prospects interested in purchasing multiple licenses, Meineke said it 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, offer a comp point-of-sale system as well as a 75-percent reduction on royalty fees for the first six months in operation.
Meineke parent Driven Brands is an automotive franchise holding company with over $1 billion in system-wide annual sales and more than 1,500 locations worldwide. Over the past year, the company said it has placed a greater focus on brand acquisitions, inking deals with seven brands in the last 18 months and further accelerating growth for brands such as Meineke and MAACO.
Combined, Meineke and MAACO signed 210 licenses in 2014 through acquisitions and franchise deals with new owners, according to Driven Brands.
Formerly known for its muffler repair service, Meineke — which opened its first auto care center in 1972 — now provides tires, brake repairs, tune-ups, alignments, shocks and struts, routine maintenance and other services.
The franchisor operates almost 1,000 centers in 48 states, 37 in Canada and 23 in Mexico.