How to Acquire 25 Franchise Units in 2.5 Years

It's truly an opportunity for our team to inspect the vehicle, figure out if there's any preventative or safety maintenance issues that we can address. So I think that's one piece of it. Right. We are not a quick lube center where, you know, four of every five vehicles that are coming into our quick lube center are coming for an oil change.

It is a very, very different model. I think that's one piece of it. The second piece of it, you know, Meineke's work on vehicles that no longer have a dealership warranty.

They are. It is growing. It is growing mostly in specific markets. Right. Often on the coast. We are intentionally not in those markets. But even if you assume we've got the infrastructure as a nation to, to actually charge those vehicles both in the house and, you know, as part of road trips or, or for commercial trips, you know, a small percentage of vehicles in the car park are electric.

Today the car in America is on the road for about 12 years. That's gone up every year. It will just take a really, really long period of time unless that changes.

Unless cars all of a sudden are getting replaced. That two years or three years, which seems like a large bet to make on the American consumer. But that's a big piece of why we think it will take a longer period of time for EVs to penetrate the car park in a substantial way.

But we also acknowledge that it's happening. We've got a couple of locations that are Meineke EV centers. We've got technicians who have gone to a university in Utah for a course.

They've been trained on how to safely perform repairs on electric vehicles. There's electrical concerns that you need to be really trained on how to do Meinecke as a brand. And I think they've done a really nice job as being the first national brand to invest in an initiative like that.

We're not yet seeing a significant percentage of our sales in those EV centers coming from EVs, but it's a great thing to do to make sure that these businesses continue to, to be successful over the very long term.

Yeah. I would also say a national brand like Meineke is going to be well positioned to pivot when EVs comprise a higher percentage of the car park relative to, you know, your local mom and pop independence that may lack the resources to invest in training and the equipment needs that. That EVs demand.

Yep.

Guys, one thing that's interesting about your you is that you don't really conform to any of the labels we see in this world. You're not really searchers. You don't. I self identify that way.