International. Grease Monkey, a brand of FullSpeed Automotive, has been recognized in Entrepreneur's inaugural ranking of the best brands for multi-unit owners.
The ranking identifies the most attractive brands for potential franchisees interested in owning multiple units, as well as existing franchisees looking to expand their portfolios. Grease Monkey ranked 69th out of 150.
According to Grease Monkey, the list is determined by a multitude of factors, such as the percentage of franchisees who own multiple units, the average total units owned by franchisees, and whether the brand only sells multiple units or master licenses.
Entrepreneur also takes into account the company's Franchise 500 score, which is based on costs and fees, size and growth, franchisee support, brand strength and financial stability.
"I am immensely proud of the dedication and hard work of our team that has led us to be recognized in Entrepreneur's prestigious ranking of the best brands for multi-unit owners," said Ron Stilwell, president of FullSpeed Automotive.
"We understand the power and potential of multi-unit franchisees, and we are thrilled to be part of an industry that leverages their expertise and momentum. Multi-unit growth will continue to play a key role in our development strategy as we expand our presence nationally."
With the auto care industry expected to grow nearly 25% and reach $477.6 billion by 2024, FullSpeed Automotive is looking to attract skilled and engaged individuals looking for conversion opportunities, multiple units and single units.
According to the company, its new store models help drive franchise development and multi-unit growth, which it says bring a modernized touch to the industry and have cost-saving benefits while maximizing operational efficiency to drive franchise profitability.
