CARSTAR, North America’s premier network of independently owned collision repair facilities, has been named again to the Franchise Times “Fast and Serious” rankings of the smartest-growing franchise companies. Based on 2020 performance, CARSTAR ranked 25th on the list and was the only automotive company included.
Today, CARSTAR has more than 700 locations in 35 states and 10 Canadian provinces. It navigated the COVID-19
“It’s an honor to be recognized again for our consistent performance and strategic operations, particularly through this unique year,” said Dean Fisher, president of the Collision Group for Driven Brands, which includes CARSTAR. “We, collectively with our franchise partners, have worked very hard to re-shape our business, focus on our core competencies and continue to deliver profitable growth across our system. We look forward to continuing this trend in 2021.”
About the Franchise Times “Fast and Serious” Ranking
Franchise Times created a formula to identify fast-growing franchise systems that also have staying power, as an antidote to multiple other rankings that include too many one-year wonders. Controller Matt Haskin developed a proprietary 10-point formula, including percentage sales growth, percentage unit growth, dollar sales growth and numerical unit growth over the past three years. The database for the project is the Franchise Times Top 200+, their annual ranking published in October of the largest franchise systems by revenue. Haskin identified the companies that submitted information for all three years for that project, then selected for analysis those with systemwide sales above $40 million.
About CARSTAR
CARSTAR is North America’s largest franchise network of independently owned and operated collision repair facilities with more than 700 locations in 35 states and 10 Canadian provinces. A part of the Driven Brands family of automotive aftermarket franchise brands, CARSTAR delivers national scale, premier vehicle repairs, repeatable outcomes and the industry’s highest customer satisfaction ratings. CARSTAR has maintained its commitment to give back to the communities it serves through a variety of fundraising initiatives, including raising over $4 million for cystic fibrosis research, care and advocacy across North America. CARSTAR is actively seeking new franchise partners and interested parties should call 844-906-9764 or visit CARSTARfranchise.com.
About Driven Brands
Driven Brands™, headquartered in Charlotte, NC, is the largest automotive services company in North America, providing a range of consumer and commercial automotive needs, including paint, collision, glass, vehicle repair, oil change, maintenance and car wash. Driven Brands is the parent company of some of North America’s leading automotive service businesses including Take 5 Oil Change®, Meineke Car Care Centers®, Maaco®, 1-800-Radiator & A/C®, and CARSTAR®. Driven Brands has more than 4,100 centers across 15 countries, and services over 50 million vehicles annually. Driven Brands’ network generates approximately $900 million in revenue from more than $3 billion in system-wide sales.
