Full Answer
Franchising with VIOC
For 25 years, Valvoline Instant Oil Change ℠ has been providing quick and convenient preventive maintenance services in neighborhoods across America. For more information about franchise opportunities, visit viocfranchise.com.
Business Opportunities with Express Care
If you own an independent automotive service center and are looking for an opportunity to boost your business with a proven brand, the Valvoline Express Care Program can help get you where you want to be.
Other Service Centers
Valvoline is the trusted partner in over 10,000 Dealerships, Auto Service Centers and Small Garage locations found throughout the US.
What does average store sales mean?
**“Average Store Sales” means gross revenue less sales tax collected (from customer), less coupons/discounts (provided to customer).
When does the VIOC fiscal year end?
All data are based on the VIOC Fiscal Year, which begins October 1st and ends September 30th, and includes only existing stores that were open on October 1st and remained in operation through September 30. *“Average Operating Income” is Net Sales less Product, Labor, Store Expenses and Advertising expenses.
Is Valvoline oil change profitable?
While many other retailers have experienced declines in this incredibly challenging economic environment, the Valvoline Instant Oil Change still remains one of the most profitable franchises. Of course, past performance is no guarantee of future success, but we do believe it demonstrates that the VIOC business model works – in good times and bad.
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Becoming a Valvoline Instant Oil Change Franchisee
Many entrepreneurs are becoming franchisees. In fact, our most profitable franchise owners have a strong business background and the ability to build and lead high-performance teams. They recognize the benefits of following a proven system and are driven by the passion of creating a legacy for themselves and their employees.
The Valvoline Instant Oil Change Franchise Culture
At Valvoline Instant Oil Change, we’ve had 25 years of success in the automotive business, building on Valvoline’s 140-year heritage in motor oil and business culture. Our first VIOC franchisees joined the business in 1988, and since then we’ve grown to over 900 locations in 42 states.
The VIOC Customer Experience
What drives customers into our service centers time after time? Our customers are loyal because we deliver a no-pressure, fast and friendly oil change with knowledgeable recommendations, experienced service delivery and transparent pricing. None of this happens by accident.
The Valvoline Instant Oil Change Franchisee Profile
The process of exploring Valvoline Instant Oil Change is a journey in which you, as a potential franchisee, are looking to see if buying a franchise business would be a good fit for you. That includes evaluating tangible elements, like the financial return you could potentially make and the geographical market (s) you would enter.
Successful Business Management Experience
We’re looking for proven management experience with strong business acumen. An entrepreneurial mindset is a must; prior business ownership is a plus. Automotive experience is not required.
Financial Capability
Development costs for a single VIOC service center range from $200,000 to $2,000,000 depending on whether you build or buy an existing facility, purchase or lease property, equipment, and signage. We require our franchisees to demonstrate financial stability with liquid assets of $300K to $800K and a minimum net worth of $1,000,000.
Great Leadership Qualities
We are looking for self-starters who like working for themselves and building strong teams. Our most successful franchisees are smart, resourceful, involved, inquisitive, persistent, customer-oriented, and committed to continuously improving their businesses.
How much does a Valvoline Instant Oil Change franchise cost?
Valvoline Instant Oil Change has a franchise fee of up to $30,000, with a total initial investment range of $181,000 to $331,900.
Are there any Valvoline Instant Oil Change franchise opportunities near me?
Based on 2020 FDD data, Valvoline Instant Oil Change has franchise locations in 44 states. The largest region is the South with 250 franchise locations.
Do they offer Territory Rights?
Valvoline Instant Oil Change offers territory protections. For an explanation of territorial rights, unlock this franchise for important details.
How much do food franchises make?
They assume food franchise owners are the biggest moneymakers, but according to a Franchise Business Review report, 51.5 percent of food franchises earn profits of less than $50,000 a year and only about 7 percent of food franchises have profits over $250,000.
Why do we call Franchise City?
Smart investors call Franchise City because we have all the data on file. But more importantly, not everyone has the skills or background to successfully operate a senior care or staffing franchise. If you are a bad fit, even with the top franchises, you will not make money. A Taco Bell will have people walking in and buying a taco, but it doesn't really matter if you have no business skills, or are not a good communicator. With senior care, staffing and service-based businesses in general the owner is driving that business forward and they need to have specific skills in order to succeed. We provide a detailed skills assessment to all our clients as part of our free service.
What is the highest grossing franchise on QSR50?
The single highest grossing food franchise on the QSR50 is Chick-fil-A. An average Chick-fil-A generates 4.16 million dollars annually and your investment is only $10,000. But keep in mind that Chick-fil-A has a very different franchise model than other franchises and owners do not receive a traditional revenue split, or even ownership of the store. You'll earn a solid six figures, have limited risk, be part of a solid organization with traditional values but you do not own the store or gain any equity.
How much does a cleaning franchise cost?
This model is not to be confused with buying cleaning contracts which is a totally different model with a much smaller investment. Also not to be confused with a MASTER cleaning franchise which is more about selling franchise contracts. A master cleaning franchise is a great business for people with sales experience, and the average gross for a cleaning master franchise is $2,800,000, top earners at $5,800,000 . A master cleaning franchise will have an investment range of between $240k and $400k.
How much does it cost to buy a McDonald's?
Buying a Mcdonald's will cost you between $1,263,000 to $2,235,000 not including your real estate. Many people think these numbers include real estate, they do not.
What is gross revenue?
For aspiring entrepreneurs' annual gross revenue is the total amount of money that comes into your store for all goods sold. Net income is how much money is left after you pay your rent, your payroll, your royalties, insurance and everything else. Net is really the important number, as 10 million a year gross revenue is not that impressive if your expenses are 11 million! There are other important numbers like discretionary income and EBITDA (earnings before interest taxes depreciation and amortization) we'll cover those in a future article or video. Have you subscribed to us on YouTube? Franchise City YouTube
Do food franchises have 20% margins?
There are some food franchises that do have 20% margins or higher, but you have to know where to look. ( Contact Franchise City for details) Multi unit owners can do very well but a single unit, unless you have a great location, is not going to generate a lot of money. Let's look at other industries to compare, ...
