How much do Jiffy Lube franchise owners make? 2020 Jiffy Lube Median Franchise Sales: $480,279 2021 Jiffy Lube Median Franchise Sales: $542,589
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How much does Jiffy Lube pay?
How much do Jiffy Lube employees Hourly make in the United States? Jiffy Lube pays an average hourly rate of $32 and hourly wages range from a low of $28 to a high of $37. Individual pay rates will, of course, vary depending on the job, department, location, as well as the individual skills and education of each employee.
How much do Jiffy Lube employees make?
Use our tool to get a personalized report on your market worth. What's this? Jiffylube pays its employees an average of $12.42 an hour. Hourly pay at Jiffylube ranges from an average of $9.16 to $17.18 an hour.
What does Jiffy Lube pay?
Tell us about you and get an estimated calculation of how much you should be earning and insight into your career options. How much does Jiffy Lube in the United States pay? Average Jiffy Lube hourly pay ranges from approximately $9.54 per hour for Service Associate to $21.35 per hour for Babysitter/Nanny.
Is Jiffy Lube a corporation?
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. At Jiffy Lube®, we believe you deserve to be free from the anxiety of keeping your vehicle in top shape. Most importantly, we believe you deserve a service provider you can trust.
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How much do Jiffy Lube franchise owners 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 profitable is a lube shop?
With many oil franchises bringing in nearly $250,000 a year, as the owner, it is possible to see a net profit of $75,000 to $80,000 a year.
Who owns the most Jiffy Lubes?
Shell plcJiffy LubeA Jiffy Lube store in Richmond Hill, OntarioOwnerShell plcNumber of employees12,000 (2021)ParentShell USWebsitewww.jiffylube.com10 more rows
What is Jiffy Lube's net worth?
The one-time charge gave Jiffy Lube a $38.5 million third-quarter loss and reduced its net worth from $80 million to $43 million.
Is owning a oil change business profitable?
Starting an oil change business is one of the most profitable businesses that one could ever open. With clear proof with statistics, we have proved why. Although profitable, like any other business, the risks in running a business successfully will definitely apply in this case as well.
Are oil change franchises profitable?
If you would like to start your own oil change franchise business, you are on the right way to a good profit. The demand for automotive services in the USA is huge due to a number of vehicles which is growing by up to 2-3 mln each year.
Is Jiffy Lube owned by Shell Oil?
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.
Who are Jiffy Lube competitors?
The Top Automotive Oil Change Franchises of 2022Jiffy Lube International. Jiffy Lube International is the main player in the franchise segment of the quick-lube chain industry. ... Valvoline Instant Oil Change. ... Take 5 Oil Change. ... Grease Monkey. ... SpeeDee Oil Change and Auto Service Center.
How many Jiffy Lube in USA?
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.
How much is it to buy a Taco Bell franchise?
Costs overview Franchising fee: It costs between $25,000 and close to $50,000 for the initial franchise fee. This, too, will vary depending on the details of your specific Taco Bell franchise. Net worth: The current net-worth requirement is around $1.5 million worth of assets.
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.
Who is CEO of Jiffy Lube?
Steve LedbetterJiffy Lube Key Executives Steve Ledbetter serves as the CEO / President of Jiffy Lube.
Is oil change a good business?
How much profit can an Oil Change Business make? With many oil franchises bringing in nearly $250,000 a year, as the owner, it is possible to see a net profit of $75,000 to $80,000 a year.
Is Grease a good business?
Grease manufacturing business is good business in the world because the usages of grease is different area like machinery, vehicle etc.
Is a mobile oil change business profitable?
How much profit can a mobile oil change make? A fully booked oil change business can earn an annual profit of six figures. For example, assume a business does two oil changes per hour and charges $50 per oil change. Working 40 hours a week, 50 weeks a year the business would bring in a revenue of $200,000.
What is the margin on an oil change?
That averages out to $39.18 per oil change, according to Modern Tire Dealer's most recent Automotive Service Survey, well above the average advertised price for an oil change in the aftermarket (see sidebar). In addition, the average profit margin per job is 35%.
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 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.
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.
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 long is Jiffy Lube franchise?
The Jiffy Lube ® franchise agreement lasts 20 years, with a 10-year renewal option.
How many employees are required to work at Jiffy Lube?
A minimum of four employees are required during operating hours. Additionally, the service center is required to have an ASE A5 or Jiffy Lube University ® A5 certified technician on staff.
What is a jiffy lube?
With Jiffy Lube®, you are affiliated with a nationally recognized automotive maintenance brand coupled with a leading motor oil brand , Pennzoil. These two brands bring national advertising and growth funding as well as strategies to help drive profitable growth.
Does Jiffy Lube have service centers?
In addition to the U.S., Jiffy Lube ® also has service centers in Canada. We are always open to discussions regarding expansion.
Does Jiffy Lube require training?
Yes. Service center employees are required to complete training through Jiffy Lube University ®, our proprietary training and development program. The program consists of computer-based modules, virtually-led sessions and hands-on learning.
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 locations are there?
You do not have to doubt the credibility of the Jiffy Lube franchise. To date, they have 2000 locations nationwide. This proves the caliber of the business and the support you can get as a franchisee. And with 35 years of experience under its belt, they sure know how to lead the market.
Where is Jiffy Lube located?
Jiffy Lube started in 1979 and began to offer franchises that same year. To date, they have around 2,095 units and is headquartered in Houston, Texas.
What is The Mr. Appliance Franchise Cost?
For your home and office appliance needs and repairs, there’s only one name you can trust if you’re in the United States or Canada. Mr. Appliance is a reliable company with decades of experience. The company has been offering franchising opportunities since 1996. So, if you want a money-making venture, learn more about Mr. Appliance’s franchise terms and costs.
How long does franchising training last?
The franchisor will hold an initial training period for the franchisees and a manager. However, if it’s an entity or a corporation, a managing owner (at least 10% interest) must undergo training. The location of the training could be held at a franchise store or a support center. Initial training includes the “Franchise Induction Program.” It lasts ten days and can be extended depending on the franchisee.
How often do service center managers need training?
The franchisees and the managers must be able to complete training every five years. If the franchisor believes that there is a need for additional training, they will recommend these to the franchisees.
What is required to operate a franchise center?
The franchisee will need to comply and abide by the Policies and Procedures Manual and Franchise Agreement. The center must be supervised by the franchisee or designated persons approved by the franchisor. The designated persons must undergo the necessary training.
Does Jiffy Lube have credit cards?
You can also offer Jiffy Lube Credit Cards to your clients where they can enjoy more promos and discounts. This includes 6-months of special financing, flexible payment options, and online access to account information.
How to become a Jiffy Lube franchisee?
To begin the process of becoming a Jiffy Lube®franchisee, you’ll first conduct a call with a Qualification Specialist to ensure you meet the basic requirements, including a credit and background check. You’ll also be required to complete a new franchisee application and provide supporting financial documents.
Why join Jiffy Lube?
Why join Jiffy Lube®? From starting a new career, converting your business or diversifying your portfolio, Jiffy Lube® offers a variety of ways to invest in your future to reach your goals. Become part of the #1 quick lube chain in the nation. Contact us today to learn more about franchisee opportunities.
Reach out to Jiffy Lube Auto Shop Franchise Owners
One of the best ways to thoroughly research a franchise investment before buying one is to get feedback from current and former Jiffy Lube franchisees involved in the franchise system.
Get Contact Details & Marketing List for Jiffy Lube Franchise Locations
Obtaining a current list of Jiffy Lube franchise owners contact data that is verified and up-to-date can be difficult. That’s why we put together this marketing list containing contact the names, phone numbers and physical addresses of business owners in the franchise system and certain former franchise operators.
