Driven Brands, owner of Maaco, acquires a second automotive collision repair and automotive paint franchise. With the acquisition of Carstar they have added an additional 240 Body shops to their Maaco network of 450. However the Carstar network has an initial franchise fee of 5,000 to 15,000 and pays royalty fees of .75% to 2% of weekly sales.
The initial Investment in Maaco is 250,000-350,000 with ongoing royalties of 8-9% weekly and additional weekly advertising contributions of $850-$1,500.
Further they have just added an Initial Public Offering Executive to their team: Brian Nicholson
After being bought sold and “invested in” by three private equity firms in the past 5 years and no member of C-level executives with a tenure of more than 4-years is this a Company worth investing in? Or just another pump and dump?
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