TL;DR
Grease Monkey has been ranked as a top franchise brand for multi-unit owners by Entrepreneur magazine. The ranking is based on factors such as the percentage of franchisees that are multi-unit owners and the company's Franchise 500 score.
The list is determined by a multitude of factors such as the percentage of franchisees that are multi-unit owners, the average total of units owned by franchisees, and if the brand only sells multiple units or master licenses. Entrepreneur also takes into consideration the company’s Franchise 500 score which is based on cost and fees, size and growth, franchisee support, brand strength, and financial stability.
“I am immensely proud of our team's dedication and hard work that has led to our recognition in Entrepreneur's ranking of the Top Brands for Multi-Unit Owners,” said Ron Stilwell, President, FullSpeed Automotive.
“Entrepreneur's lists reflect the state of the franchise industry,” says Jason Feifer, editor in chief of Entrepreneur magazine. “The industry is increasingly embracing them as motivated, knowledgeable, capable operators, and it's no wonder that brands are now competing for these great multi-unit owners' attention.”
In this story
This story was originally published in Franchising.com on August 11, 2023. Burnaze summarizes and links to the original reporting.
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