Mr. Transmission Ranked among Franchise Elite in Entrepreneur’s Prestigious Annual Franchise 500®
Moran Family of Brands’, Mr. Transmission, recognized as leader in the automotive aftermarket and franchise industries
Midlothian, Ill. – Mr. Transmission was recently ranked in Entrepreneur magazine’s Franchise 500®, the world’s first, best and most comprehensive franchise ranking. Recognized by entrepreneurs and franchisors as a top competitive tool of measurement, the Franchise 500® ranks Mr. Transmission at 478 out of 500 for its exceptional performance in areas including financial strength and stability, growth rate, and system size.
“In 2013, we gained strength and momentum as the automotive industry continued to improve and gain traction,” said Barbara Moran, CEO of Moran Family of Brands, parent company of Mr. Transmission and several other automotive aftermarket brands such as Milex Complete Auto Care and Alta Mere. “Being recognized among our peers in such a prestigious ranking validates the strategy and outlook for Moran Family of Brands as we continue to grow our footprint and become a household name in new markets.”
The rankings for all 500 companies are determined using an exclusive formula that takes into account objective and quantifiable factors. An independent CPA analyzes all financial data. The most important factors include financial strength and stability, growth rate and size of the system. All franchises are given a cumulative score, and the 500 franchises with the highest cumulative scores become the Franchise 500® in ranking order.
“Compiling the Franchise 500® every year gives us the opportunity to share data-driven insights, reflect on areas seeing progress and acknowledge the companies that have risen to the top,” says Amy Cosper, VP and editor in chief of Entrepreneur. “Franchises play an important part in economic growth, and the names in the ranking are leading the way with their continued and emerging business success.”
Over its 35 years in existence, the Franchise 500® has become both a dominant competitive measure for franchisors and a primary research tool for entrepreneurs. Mr. Transmission’s position on the ranking reinforces its strength and parent company, Moran Family of Brands’, strength in the industry.
For franchise opportunities with Moran Family of Brands, please call 1-800-581-8468, or visit: http://www.moranfamilyofbrands.com/why-choose-moran/
To view Mr. Transmission in the full ranking, visit www.entrepreneur.com/franchise500. Results can also be seen in the January issue of Entrepreneur.