| A Jiffy Lube store in Richmond Hill, Ontario | |
|---|---|
| Headquarters | Houston, Texas, U.S. |
| Number of locations | 2,154 (2022) |
| Area served | United States Canada |
| Key people | Edward Hymes, President |
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How much money does a Jiffy Lube franchise make?
2021 Jiffy Lube Median Franchise Sales: $542,589 Based on the median sales provided by Jiffy Lube's franchise locations, at the industry standard of a 5% profit margin it will take around 14 years to recoup your investment.
How many Jiffy Lube locations are there?
Find Your Jiffy Lube Jiffy Lube has over 2,000 service centers coast-to-coast with a nationwide database that keeps your service records on file so you can get a quick, consistent and quality experience every time.
Are Jiffy Lubes franchised?
Are any existing Jiffy Lube® stores for sale? Since the network is 100% franchise owned and operated, Jiffy Lube International, Inc. is not involved in site sales.
Who owns Jiffy Lube franchise?
Shell Oil CompanyJiffy Lube International, Inc. is an indirect wholly-owned subsidiary of Shell Oil Company.
Is Jiffy Lube owned by Shell?
Headquartered in Houston, Texas, Jiffy Lube® International is a wholly owned, indirect subsidiary of Shell Oil Company. Jiffy Lube service centers are 100% franchise-owned. So despite being a national corporation, each location is locally owned by people living in your community.
Who is CEO of Jiffy Lube?
Steve LedbetterJiffy Lube Key Executives Steve Ledbetter serves as the CEO / President of Jiffy Lube.
How much is a Mr Lube franchise?
I understand the cost of opening a Mr. Lube flagship store is approximately $1,800,000 - $2,200,000. The cash equity requirement of the franchisee is approximately $600,000 - $800,000. Exceptions include conversions of existing automotive stores or the landlord building the shell, both of which may reduce costs.
Where is Jiffy Lube headquartered?
Houston, TXJiffy Lube / Headquarters
How much does it cost to open a grease monkey?
The Initial Franchise Fee for a single Grease Monkey Center is $39,900. If you are a Conversion Owner, the Initial Franchise Fee is $20,000. If you are a veteran or first responder, the Initial Franchise Fee is $29,900.
Who are Jiffy Lube competitors?
Jiffy Lube's competitors and similar companies include Fix Auto, Safelite, Dent Wizard and Carrozzeria Valceresio Arcisate. Jiffy Lube is an automotive repair services provider.
Are Jiffy Lube and Valvoline the same company?
Jiffy Lube's brand is ranked #- in the list of Global Top 1000 Brands, as rated by customers of Jiffy Lube. Their current valuation is $4.81B. Valvoline's brand is ranked #- in the list of Global Top 1000 Brands, as rated by customers of Valvoline. Their current market cap is $4.57B....Jiffy Lube vs Valvoline.10%Promoters85%Detractors1 more row
Did Pennzoil buy Jiffy Lube?
Jiffy Lube went public in 1987, and had opened over 1,019 franchises and company stores by 1989. In 1991, Jiffy Lube became a subsidiary of Pennzoil.
Where is Jiffy Lube headquarters?
Houston, TXJiffy Lube / Headquarters
Who are Jiffy Lube competitors?
Jiffy Lube's competitors and similar companies include Fix Auto, Safelite, Dent Wizard and Carrozzeria Valceresio Arcisate. Jiffy Lube is an automotive repair services provider.
How many Valvoline locations are there?
1,400Valvoline ranks as the No. 3 passenger car motor oil brand in the DIY market by volume. It operates and franchises approximately 1,400 quick-lube locations, and it is the No. 2 chain by number of stores in the United States under the Valvoline Instant Oil ChangeSM brand and the No.
How often should you change your oil?
between 7,500 to 10,000 milesAnd while the old rule of thumb was to change your oil every 3,000 miles or so, modern automotive technology has stretched that figure even further. Due to better engineering and better oil formulations, now you can expect between 7,500 to 10,000 miles between oil changes!
How many Jiffy Lube franchises are there?
There are about 2,000 Jiffy Lube franchises in North America, all of them independently owned by 252 operators, with about 24 million customers each year as of 2002. The company was ranked first on National Oil and Lube News 2011 Tops in the Fast Lubes Industry Rankings.
Where is Jiffy Lube located?
Jiffy Lube International, Inc. is an American brand of automotive oil change specialty shops founded in Utah, United States, in 1971. It has been a subsidiary of Royal Dutch Shell since 2002, and is headquartered in Houston, Texas .
What was the Jiffy Lube investigation?
In 2003, Jiffy Lube was the focus of a KNBC investiga tive report that alleged that Jiffy Lube was charging customers for services not performed. During the investigation, five out of nine Jiffy Lube locations charged undercover reporters for work that was not performed . After the investigation aired, Jiffy Lube claimed to perform sweeping changes to their training program to prevent this; however, according to an interviewee, those training changes included how to spot investigative journalists. At the end of the investigation, Jiffy Lube installed cameras in their stores to allow customers to observe repairs.
Why does Jiffy Lube have cameras?
At the end of the investigation, Jiffy Lube installed cameras in their stores to allow customers to observe repairs. In 2009, Jiffy Lube was found to be performing repair procedures on vehicles that were recommended against by the manufacturer due to the potential to cause engine damage.
Is Jiffy Lube a subsidiary of Pennzoil?
In 1991, Jiffy Lube became a subsidiary of Pennzoil. Following the merger of Pennzoil and Quaker State in 1998, the 581 Q Lube stores were merged into the Jiffy Lube brand, then possessing 1,541 stores, with overlapping operations being closed down. Pennzoil-Quaker State was ultimately purchased by Shell Oil Company in 2002.
How much does a Jiffy Lube franchise make?
Franchise revenue and profits depend on a number of unique variables, including local demand for your product, labor costs, commercial lease rates and several other factors. We can help you figure out how much money you can make by reviewing your specific situation. Please unlock this franchise for more information.
What is Jiffy Lube?
Jiffy Lube operates a convenient lubrication, oil change and light repair business for cars and light trucks.
How many franchise locations do they have?
As of the 2020 Franchise Disclosure Document, there are 1927 franchised Jiffy Lube locations in the USA.
What does it mean to find the best franchise?
Finding the best franchise means comparing several brands to determine the ideal fit for you.
How many Jiffy Lube service centers are there?
Whether you’re on your way to work or on a family vacation or near your home, Jiffy Lube® has you covered. Jiffy Lube has over 2,000 service centers coast-to-coast with a nationwide database that keeps your service records on file so you can get a quick, consistent and quality experience every time.
What is Jiffy Lube?
Jiffy Lube® is a leading provider of automotive preventive maintenance. With a national footprint of more than 2,000 franchisee owned service centers across the country, Jiffy Lube offers a range of services from oil changes and tire rotations, to everything in between.
Does Jiffy Lube do oil changes?
Oil changes are vital to keep a vehicle running properly, but it takes each component of a vehicle running smoothly to help keep you on the road. Jiffy Lube service centers offer a full range of preventive maintenance services, in most instances using the same vehicle manufacturer recommendations as your dealer.
Does Jiffy Lube have a maintenance shop?
Jiffy Lube® is not just your typical maintenance shop. Jiffy Lube technicians are highly trained in preventive maintenance and customer service as well. Jiffy Lube technicians wear rubber gloves and belts so your vehicle doesn’t get unsightly smudges or scratches. Jiffy Lube service bays have see-through windows so you can see the work as it’s being done on your vehicle. Every aspect of your visit is carefully designed to help you Leave Worry Behind®.
Is Jiffy Lube a preventive maintenance company?
Jiffy Lube technicians are not just highly trained in preventive maintenance, they are also highly trained in customer service. So if you have any questions about vehicle maintenance or the services performed at any Jiffy Lube service center, your technician will help you find the resources and information you need, whether it’s in-store, online or by accessing your vehicle manufacturer’s recommendations. It’s just another way Jiffy Lube strives each and every day to help you Leave Worry Behind® .
Does Jiffy Lube have online service records?
Vehicle manufacturer recommendations are designed to get you what you need in multiple ways. And Jiffy Lube® provides online access to your service records, so you’re always aware of your vehicle’s history and when you’re due for your next service.
Does Jiffy Lube offer a warranty?
The Nationwide Limited Warranty Program offers a written limited nationwide parts and labor warranty to customers at participating Jiffy Lube® service centers — letting you rest easy so that in the unlikely event something goes wrong, Jiffy Lube will help fix it and get you back on the road.
Who owns Jiffy Lube?
Jiffy Lube Int'l. Inc. was acquired by Pennzoil-Quaker State Co. in the 1990s, which was then acquired by Shell Oil Company in 2002. Jiffy Lube has franchised locations throughout the U.S. and Canada.
When did Jiffy Lube start?
Jiffy Lube began under Jim Hindman in 1979 as an association of seven fast-lube centers in the Western United States.
What is franchise fee?
What you need to know: Found in Item 5 of the FDD, this may be a flat fee, or may vary based on territory size, experience, or other factors.The franchise fee is an up-front (one-time) cost that a new franchisee pays to the franchisor.
What is franchise investment?
Definition: The total amount necessary to begin operation of the franchise. What you need to know: The initial investment includes the franchise fee, along with other startup expenses such as real estate, equipment, supplies, business licenses, and working capital.
How long does a franchise last?
Definition: The length of time your franchise agreement will last. What you need to know: Franchise terms are typically anywhere from 5 to 20 years in length, but are sometimes instead dependent on factors such as the term of your lease.
Do franchisors have in-house financing?
Some franchisors offer in-house financing, while others have relationships with third-party financing sources to which they refer qualified franchisees.
What is a Jiffy Lube?
Jiffy Lube is the biggest chain of auto maintenance locations with a quick lube change in the country. Though Jiffy Lube’s most popular service is an oil change, it also offers a variety of other auto maintenance services including repairs to the air filtration, air conditioner, transmission, windshield, cooling system, and fuel system.
What is Jiffy Lube's four step plan?
Jiffy Lube uses a signature four step plan when performing an oil change: Change, Inspect, Check/Fill, and Clean. Customers often opt to have other areas of their car checked out while having their oil serviced.
Is Jiffy Lube expanding internationally?
Currently, Jiffy Lube is not expanding internationally, so all franchises must be located in the United States or Canada. All of Jiffy Lube’s locations are owned independently by franchisees.
Who owns the Washburn car service?
Originally, Ed Washburn began franchising car service centers throughout Utah in the 1970s until Jim Hindman, a nursing home tycoon bought out the company. Hindman built the business to about 1,000 shops until Pennzoil bought the company in the ‘90s. The company now has over 2,000 locations and is part of Shell Oil subsidiary.
Is Jiffy Lube a franchise?
Jiffy Lube is listed in the Franchise Directory under the Automotive category. It's also listed in the section for Franchises Under $200,000 .
How much does Jiffy Lube franchise cost?
Jiffy Lube requires a 20-year agreement term with a $10,000 initial franchise fee. These are the basic terms that you must agree upon once signing your contract. However, you also have to have a required liquid capital of at least $150,000.
How many Jiffy Lube locations are there?
There are currently over 2,000 operating locations for this company. And it doesn’t seem to be slowing down any time soon.
What services does Jiffy Lube provide?
A few other vehicle services you will find at Jiffy Lube are air filtration service, battery maintenance, and replacement, fuel system cleaning, emission and inspection services, brake and engine repair or replacing, and oil changes for preventative management.
How much royalty does Jiffy Lube charge?
As a franchise owner for Jiffy Lube, you are also responsible for a 4% royalty fee. This fee is ongoing during your entire term and is paid based on your gross sales. After all, you are owning a part of the company; it’s not entirely your own business. So you will have to give some part of your sales towards the company.
What is Jiffy Lube?
Jiffy Lube gives customers the service they deserve to help keep their vehicles running in tip-top shape. Sometimes people feel alone and lost when they experience car problems. Or even when it comes down to routine maintenance.
When did Jiffy Lube start?
Jiffy Lube has been around since the 1970s and has gained the respect of motorists in states all across the US. Because let’s face it; vehicle problems are inevitable. And you need a company that you can trust and depend on to keep your vehicle in the best shape so that you can have something reliable, rather than a lemon.
How often do franchise owners have to go through training?
Franchise owners and managers are all required to go through training every five years to ensure that they are still capable and up to date on how the company is serving their customers.
How many franchised Jiffy Lube service centers are there?
average sales revenue, cost of goods sold, labor, operating expenses, and net income for the 73 franchised Jiffy Lube service centers that offered a variety of light automotive repair services, including repairs such as brakes, suspension, spark plugs, and tires, that are a complement to Jiffy Lube’s core business, measured during the pilot from December 2015 to December 2016
How many Jiffy Lube service centers are there in 2020?
2020 average, median, high, and low net adjusted sales and vehicle count for the 1,828 franchised Jiffy Lube service centers that were open for 12 full months in 2020 (system-wide and by quartile)
When was Jiffy Lube founded?
15. In 1979 , W. James Hindman bought all of Washburn’s locations and established Jiffy Lube International. Headquarters were moved to Baltimore, Maryland and 1979 is cited as the year that Jiffy Lube was founded in material directly released by the company.
Does Jiffy Lube do oil changes?
6. Additionally, the location offers the Jiffy Lube Signature Service Oil Change, comprehensive preventive maintenance to check, change, inspect, and fill essential systems and components of the vehicle. Technicians vacuum the interior of the vehicle as well as clean exterior windows. And, with every Jiffy Lube Signature Service Oil Change, customers receive complimentary fluid top off service on vital fluids.
Is Jiffy Lube a franchise?
The evolving category and consumer behaviors demand an entrepreneurial approach to innovation, and I am excited to lead this path forward. As Jiffy Lube is a franchised network, I am also looking forward to working closely with the franchisee community to deliver a one-stop shop of expanded services and quality care that consumers trust.”
Who is the president of Jiffy Lube?
1. In late July 2020, Jiffy Lube International, Inc. announced that Edward Hymes had been appointed president, responsible for the management and growth of the Jiffy Lube franchise, including oversight of more than 2,000 independently-owned Jiffy Lube service centers in the U.S. and Canada.
Who owns A Plus Express Lube?
8. A Plus Express Lube owner Nick Mikhael added “Since opening in 2008, we have prided ourselves on being the premier automotive shop in Shelby Township. And, now, we are also proud to be part of the Jiffy Lube team, the brand that pioneered the industry.”
Summary
History
The first Jiffy Lube store was established on 36th Street in Ogden, Utah by Edwin H. Washburn as early as 1971. Over the following years, Washburn franchised a number of Jiffy Lube stores within Utah. In 1979, W. James Hindman, a football coach at Western Maryland College, bought out Washburn's seven franchises and established Jiffy Lube International, relocating the headquarters to Baltimore, Maryland. It is this year which Jiffy Lube generally states as its founding date with …
Overview
There are about 2,000 Jiffy Lube franchises in North America, all of them independently owned by 252 operators, with about 24 million customers each year as of 2002. The company was ranked first on National Oil and Lube News 2011 Tops in the Fast Lubes Industry Rankings. Also, Jiffy Lube was ranked number 15 in Entrepreneur Magazine's 2012 Franchise 500 and number 73 on …
Services
In June 2011, Jiffy Lube introduced a new program called Oil Change Schedule (OCS). The new program allows Jiffy Lube customers to choose how often they have their oil changed based on a number of variables including vehicle manufacturer recommendations, driving habits, and road conditions. The OCS program moves away from the old model of changing oil every 3,000 miles and provides a schedule that is unique for each driver.
Controversy
In 2003, Jiffy Lube was the focus of a KNBC investigative report that alleged that Jiffy Lube was charging customers for services not performed. During the investigation, five out of nine Jiffy Lube locations charged undercover reporters for work that was not performed. After the investigation aired, Jiffy Lube claimed to perform sweeping changes to their training program to prevent this, though among the training tactics, was having workers recognize the tactics of an i…
External links
• Official website