Franchise FAQ

how to get out of meineke franchise

by Prof. Arno Feeney Published 2 years ago Updated 1 year ago
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Who is the CEO of Meineke?

Jonathan Fitzpatrick (Jul 2012–)Meineke Car Care Center / CEO

Is Meineke a private company?

Description. Meineke Car Care Centers LLC is a private company with an estimated 3,750 employees.

Who started Meineke?

Sam MeinekeIn 1972, Sam Meineke founded Meineke Discount Muffler in San Antonio, TX, with the first franchise being sold later that year. Innovation has always been a theme with Meineke, as Sam would test new ideas in the ten shops he owned personally before passing them on to the franchisees.

Is Meineke German?

The origin of the name is the southern German form "Meinhardt," which is a compound of "strength" (Mein) and "bravery" (Hardt).

Who bought Meineke?

Roark CapitalMeineke Car Care CentersTypeSubsidiaryRevenueUS$516 million (2021)OwnerRoark CapitalNumber of employees2,500 (2021)ParentDriven Brands9 more rows

What language is Meineke?

Meineke is a diminutive of Meinhard and Meino and a variant of Meine. It is of Germanic origin and comes from the following roots: (MEGINFRID) and (MEGINHARD).

How many Meineke locations are there?

You can rely on Meineke for all of your fleet service needs. With over 900 locations, you're never far from a name you can trust.

Where is the Meineke headquarters located?

Charlotte, NCMeineke Car Care Center / Headquarters

Is Meineke publicly traded?

Its stock starts trading Friday on the Nasdaq exchange. Driven Brands Holdings Inc., the Charlotte-based owner of auto service franchisers like Meineke and Maaco, has completed a $700 million initial public offering. Shares are to start trading today on the Nasdaq Global Select Market under the ticker symbol DRVN.

Who is the big man in the Meineke commercial?

This continues the comical nature of the Meineke ads of the 1980s-2000s that starred George Foreman. Often featuring world-class boxer Foreman helping wishy-washy car-owners stand up and declare they weren't going to pay too much for auto repair, those promotions likewise emphasized transparency as a major asset.

Who is the guy on the Meineke commercial?

actor Kurt Quinn"For auto repairs, I only trust one place with mein key—Meineke!" That line, delivered in self-consciously Teutonic tones by actor Kurt Quinn, drives the chain's comedic new campaign.

How tall is the old man in the Meineke commercial?

Paul MarcarelliBornMay 24, 1970 North Haven, Connecticut, U.S.Alma materFairfield University, B.A.OccupationFilm, voice actor, screenwriterHeight5 ft 9.5 in (1.77 m)1 more row

Is YourMechanic a public company?

YourMechanic is a privately held startup company based in Mountain View, California.

Is CarShield a private company?

Who Owns CarShield? MepCo is the parent company of CarShield, a private company. Mark Travis owns MepCo, and is also the CEO and President of CarShield. CarShield is based out of Missouri, and their claims administrator, American Shield Auto, is out of Lakewood, Colorado.

Is Maaco a public company?

Its stock starts trading Friday on the Nasdaq exchange. Driven Brands Holdings Inc., the Charlotte-based owner of auto service franchisers like Meineke and Maaco, has completed a $700 million initial public offering. Shares are to start trading today on the Nasdaq Global Select Market under the ticker symbol DRVN.

Who owns 3M Car Care?

Atul Bawa - Business Owner - 3M Car Care and Motofixers | LinkedIn.

What is a termination clause in a franchise agreement?

Franchise agreements typically include termination clauses that specify when and how either party can end the franchise agreement. Typically, a termination clause will allow a party to do one of the following whenever the other party to the agreement has committed a material breach:

Can a franchise agreement be suspended?

Like most contracts, franchise agreements can be suspended or terminated whenever one party to the agreement has “ materially breached” the terms of the agreement . A material breach occurs when a party fails to comply with the terms of the agreement in such a manner as to materially devalue or dismantle the value of the contract, deprive the other party of the benefit of the contract, or prevent the other party from performing their side of the contract.

Can a franchisee get out of a franchise agreement?

Outside of terminating the contract for cause, if a franchisee is looking to get out of a franchise agreement, the franchisee can look for a buyer. This is likely easier said than done. Finding a buyer may be difficult if the business is struggling, and sale of the franchise rights is likely subject to approval by the franchisor as well as the payment of transfer fees as provided for in the contract.

Can a franchisee terminate a contract?

Not all franchise agreements include termination clauses that specify when a franchisee is permitted to terminate, but under the principles of contract law, any party can terminate a contract when the other party has committed a material breach, regardless of whether it is stated in the contract. Additionally, if you retain the services of an effective business law attorney upon negotiating your initial agreement, you will be sure to have a termination clause upon which you can rely should the franchisor break their side of the contract.

A franchise that car owners depend on

The automotive industry is strong, and drivers will always need a trustworthy partner for their automotive needs. With 70% brand recognition, Meineke is the high-quality, technology-focused one-stop center for car owners across the country. Grow your portfolio with a steadfast brand in a reliable industry.

Join the Family

With decades of experience under our belt, we help franchise owners grow their bottom line faster.

When it comes to what we know about car care, few others can compete

From paint, collision, oil changes, and more, Driven Brands does it all with innovation at the heart and soul of our operations.

Get on the road to franchise ownership

Fill out our form and one of our Franchise Development Directors will contact you. We look forward to speaking with you.

Meineke Car Care Franchise Owners Contact List

One of the best ways to thoroughly research a franchise or business opportunity investment before purchasing one is to get feedback from current and former franchisees involved in the franchise system.

Get Contact Details & Mailing List of Meineke Franchisees

The difficult part of this step of the franchise buying due diligence process lies in obtaining a current list of Meineke Car Care Center franchise owners.

Meineke Credit Card

With exclusive savings and special financing available, find out how the Meineke Credit Card can help you get the repairs your vehicle needs.

Blog and News

Want to learn more about what goes on under the hood of your car? Check out what our car care pros have to say, including tips and tricks to keep your vehicle in top-notch shape.

Careers at Meineke

Whether you’re looking for a position as a Shop Manager or Technician, Meineke provides opportunities for real-world experience in your local area.

Fleet Services

You can rely on Meineke for all of your fleet service needs. With over 900 locations, you’re never far from a name you can trust.

Meineke Rewards

Meineke’s rewards program gives you points for bringing your car into Meineke for the maintenance or repairs it needs.

Real Estate Wanted

With new centers opening all the time, we're always looking for the next best spot for a new Meineke Car Care Center. Let us know if you have a location in mind!

International Locations

From Canada to the Caribbean, there’s Meineke Car Care Centers located all over the globe.

How to terminate a franchise agreement?

Once you determine to terminate your franchise agreement, you and your attorney must draft a letter and request termination in writing. The letter should detail your intention to terminate the agreement and close the franchise and be sent to the franchisor.

How to track a franchise letter?

Use certified or registered mail or another mailing service that provides tracking for your letter. Follow all the protocols in the original franchise agreement if your sell or transfer the operations and consult with your attorney to ensure you are legally and financially in the clear.

What Is a Franchise?

According to the International Franchise Association ( IFA ), a franchise is defined as when:

What clause should be included in a franchise agreement?

If you agreed to a franchise opportunity, whether as a franchisor or franchisee, your franchise agreement should contain a termination clause spelling out all the requirements of ending the agreement legally.

What is a material breach in franchising?

A material breach occurs when a party does not comply with a provision of the contract which then dismantles the value of the contract or deprives one of the parties of the benefit of it. A franchisor can terminate the agreement if a franchisee: Is convicted of a crime. Loses a necessary license or lease. Fails to pay royalties.

What are the obligations of a franchise agreement?

The franchisee must: Stop using the franchisor’s trade name, trademarks , and service marks. The franchisor may have a clause containing the right to repurchase branded inventory.

What is a franchise business?

If you are the franchisee, meaning the one who is licensing a franchise and operating it, you have the advantage of instant brand recognition and an established market. As a franchisor, the owner of the franchise, you receive payment for the right to use the franchise name and, potentially, royalties on the profits.

Why Meineke

Meineke runs on innovation, we give our franchise owners the unbeatable combination of experience, brand strength, and industry-leading technology. Customers come to our one-stop centers for everything from oil changes to tire replacement, transmission work and general auto repair.

Technology & Support

Meineke is the automotive franchise where your most important tools aren't found on a shelf. Combine that with our intensive training program- we know how to set our franchise owners up for success.

Interested?

If this sounds like the right opportunity for you, request more information to learn more about joining the Meineke Team today!

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