The world of franchise businesses is competitive and risky, yet immensely rewarding. Entrepreneurs who take the dive into franchise and land on a reliable brand can find themselves loving their work, turning a profit, and still having time to spend with their friends and families. How can you know what franchise opportunity sets you up for success, and which place you on shaky ground, though?
Thankfully, Forbes has done much of your franchise research homework for you. The popular publication recently released its list of the “Best Franchises to Buy in 2019.” Christian Brothers Automotive is excited to announce we were ranked #2 among High Investment franchises to buy!
Forbes considered initial investment amounts, how many franchise locations are currently in operation, and the average 5-year growth rate for franchise companies to rank its listing. Here at Christian Brothers Automotive, our average franchisee – out of the nearly 200 franchise locations — enjoys a 9.03% growth rate across the first five years, with a midpoint initial investment of $513,825.
One of our secrets to success is definitely franchisee support. People who join car repair franchise team are not handed the keys to a store and sent on their way. We go above and beyond what you might expect from a franchise opportunity company. For example, we make an upfront investment in the land for newly constructed locations, and our training and support is thorough to set franchisees up for success.
You can view the full list of Forbes Best Franchises to Buy 2019 by clicking here and visiting Forbes.com. If you are interested in joining Christian Brothers Automotive and opening an auto repair franchise location of your own, we encourage you to review our investment information, available markets, and steps to ownership.