Driven Brands has a market share of less than 5% in a total addressable U.S. automotive aftermarket of over $350 Billion and growing. Driven Brands’ scale and breadth of service offerings are unmatched in a highly fragmented industry, in which small chains and independent locations account for 80% of the total market.
Driven Brands’ strong growth is driven by a mix of company-owned stores and its position as a leading franchisor in the automotive aftermarket industry.
Driven Brands has multiple levers to support continued unit growth – the company can build, buy, or franchise – one of the few in the industry that deploys all three. Compelling unit-level economics include strong cash flow generation that enables Driven Brands to reinvest in growth.
Another competitive advantage is the company’s balanced customer base across consumers and commercial. Finally, the Driven Brands’ shared services function provides best-in-class support to all its brands.