“Intrigue is strong on two levels for our brand – individuals looking to build a business with strong ROI and growth potential; and sophisticated investors looking to grow rapidly through the consolidation and acquisition of mom-and-pop shops.” – Dennis Elliott, Vice President of Development and Franchising for Maaco
Joining Franchise Today co-hosts Stan Friedman and Paul Segreto this week is Maaco Vice President of Development and Franchising, Dennis Elliott. Pointing to the Maaco business model as having weathered every economic storm, coming out stronger and stronger and showing each and every time that it is truly resilient to every scenario Elliott shares that same center revenues are growing consistently year over year and have been positive for more nearly a decade.
More than 30 percent of the brand’s growth in 2017 came from acquiring and re-branding independent paint and collision repair shops, versus just 10 percent the year prior. Updated to Maaco’s brand standards, the converted locations often have the benefit of cash flow from the get go. With consolidation continuing to gain steam, Maaco anticipates an even larger percentage of new store growth coming from this non-traditional avenue.
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