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CARSTAR announced that it has been ranked in the top 100 franchisees in Entrepreneur magazine’s 2019 Franchise 500.
CARSTAR announced that it has been ranked in the top 100 franchisees in Entrepreneur magazine’s 2019 Franchise 500. Recognized by entrepreneurs and franchisors as a top competitive tool of measurement, the Franchise 500 places CARSTAR 96th on the list, up from 255th last year. It also was named the top franchise in the auto repair and services category.
“It’s an honor to be recognized among the top companies in the world,” said Michael Macaluso, president, CARSTAR. “Through the past year, we have had a laser focus on strategic growth, continued operational improvements and best-in-class customer service as North America’s premier collision repair company. Our ranking as one of the top 100 franchises reflects these accomplishments. This would not have been possible without the tremendous hard work and dedication of our more than 600 franchise family and CARSTAR team members.”
The key factors that go into Entrepreneur’s evaluation include costs, fees, size, growth, support, brand strength, financial strength and stability. All franchises are given a cumulative score based on more than 150 data points, and the 500 franchises with the highest cumulative scores become the Franchise 500 in ranking order.
CARSTAR, which is celebrating its 30th anniversary this year, ended 2018 with record sales, growth and industry performance. The company said that its success can be attributed to several key factors, including strengthened insurance relationships that delivered increases in repair volumes and industry-leading operational performance, driven by CARSTAR’s EDGE Performance Group platform.