9 Best Oil Change Franchises in USA for 2022 (UPDATED RANKINGS)
- 1. Jiffy Lube Int'l. Inc. Investments $71,650 Franchise fee $35,000 ...
- 2. Valvoline Instant Oil Change Investments $162,250 Franchise fee $30,000 ...
- 3. Meineke Car Care Center Investments $250,000 Year Brand Started – 1972 ...
- 4. Take 5 Oil Change Investments $216,469 Franchise fee $35,000 ...
- 5. Victory Lane Quick Oil Change Investments $43,000 ...
- 6. Luby Dudes Investments $79,000 ...
- 7. Indy Lube Investments $250,000 ...
- 8. Costa Oil Investments ...
Full Answer
How long does it take to open a Valvoline oil change?
How long does it take to change oil at Luby Dudes?
What is a Speedee oil change?
Where is Valvoline oil change located?
Who owns Jiffy Lube?
Who owns Victory Lane Quick Oil Change?
Is Take 5 a franchise?
See 2 more
Is an 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.
How much does it cost to start a Valvoline franchise?
How much does Valvoline franchise cost? Valvoline has the franchise fee of up to $30,000, with total initial investment range of $174,500 - $2,523,500.
Do franchise owners make good money?
Buying a franchise might seem like easy money, but those royalties and fees will quickly cut into profit margins. The majority of franchise owners earn less than $50,000 per year.
How much does it cost to buy a take 5 franchise?
How much does it cost to open a Take 5? The costs can vary. Item 7 in our Franchise Disclosure Document (FDD) details all the costs associated with opening a Take 5. The cost ranges from $670K to $878K, and the construction costs are almost 70% of this total.
How much is Valvoline Instant oil Change franchise cost?
Valvoline Instant Oil Change FranchiseTotal Initial Investment:$175,425-$1,639,250Franchise Fee:$30,000 (lower fees on subsequent units)Liquid Capital Required:$300,000-$800,000Net Worth Required:$600,000-$1,000,000Financial Assistance:Up to $100,000 in conversion incentive funds; lube equipment & sign leases1 more row
Is Valvoline a good franchise?
As one of the leading providers in instant oil changes, Valvoline Instant Oil Change has carved out a large portion of the market for itself. If you're crazy about cars, this could be one of the best franchise opportunities out there.
How often do franchises fail?
A five-year study by the franchise consulting firm FranNet reported that 92 percent of their franchise placements were still in business after two years and 85 percent after five years. Because yes, sometimes franchise businesses can rise and fall like independently owned companies.
Is owning a franchise a full time job?
Buying a franchise doesn't have to mean making a full-time commitment. Believe it or not, there are many franchises that can be run on a part-time basis, especially when you first start out.
What franchise pays the most?
What is the most profitable franchise to own? According to the Franchise 500 list of 2021, Taco Bell is the most profitable franchise to own. The food chain has been franchising for nearly 6 decades and is still seeking franchises worldwide. As of 2021, they have 7,567 open units.
Why is it called Take 5 oil Change?
At that point, Take 5 pivoted to improve the customer experience and the speed of the service they provided. Eventually, the company converted its Rapid Oil locations to the five-minute format. When they did, it was called an advertising agency's dream because it emphasized the oil change, not the schedule.
Who owns Take 5 oil Change?
Driven Brands, Inc.Take 5 Oil Change, LLC / Parent organization
What business is called Take Five?
Take 5 Oil Change may be considered to be a revolutionary business that has changed how oil changes and under the hood checks are done. They have over 35 years of experience and have grown to have more than 530 locations across the United States and Canada.
How do I become a Valvoline dealer?
Interested in becoming a Valvoline supplier? In order to be considered as a prospective supplier, you must register through our Supplier Registration Portal. There is no fee to register.
Is Valvoline publicly traded?
Valvoline Inc. is an American manufacturer and distributor of Valvoline-brand automotive oil, additives, and lubricants....Valvoline.FormerlyContinuous Oil Refining Co. (1866) Ellis & LeonardTypePublic companyTraded asNYSE: VVV S&P 400 component12 more rows
How much does it cost to get a start in the oil change services industry?
Franchises on average have a $30,000 franchise fee. Owners will need from $100,000 to $300,000 to purchase inventory along with tools/equipment the...
Are oil change franchises profitable?
Revenue for franchises is about $7 billion annually, shared by 4,000 franchises. An individual franchise typically takes in about $600,000 in annua...
How do you start an oil change business?
Starting the business begins with your research into the market for these franchises, including new technology, equipment, industry trends and more...
The Top 10 Oil Change Franchise Businesses in USA for 2021
Strickland Brothers 10 Minute Oil Change. Founded in: 2016 Franchising since: 2019 Franchise units: 31 (Company owned) Initial investment: $217,000 - $287,400 Royalty Fees: 5% Strickland Brothers, founded in 2016, is an independently owned and operated car care services company with 31 units throughout the US.
Rankings of Best Oil Change Franchises | October 2022
With there being a large number of competing oil change franchises and other automotive repair services it is important to ensure that marketing and advertising campaigns are implemented to attract customers.
How much does it cost to get a start in the oil change services industry?
Franchises on average have a $30,000 franchise fee. Owners will need from $100,000 to $300,000 to purchase inventory along with tools/equipment the industry demands.
How long does it take to become a franchise owner?
All of the franchises offer extensive training at special centers and include field support. A new franchise owner can expect to spend a minimum of 6 weeks in training.
How many states does Jiffy Lube have?
Like SpeeDee, Jiffy Lube has been in the franchises industry since 1980. Jiffy Lube has franchises in 47 states.
How much does a Merlin franchise cost?
Merlin offers complete vehicle care. The franchise fee for a new Merlin is $30,000, plus $110,000 cash. The company has special Motivation and Achievement programs for employees.
What is Valvoline oil change?
Valvoline Instant Oil Change includes additional services such as all repairs and tires. The business includes a specialized point-of-sale system that tracks customers’ service histories and maintenance records.
What is Express Oil Change?
As the name implies, Express Oil Change and Tire Engineers provide oil change and a full selection of tires. The dual focus leads to a simpler operation for these franchises.
What is fleet services?
Fleet Services includes oil change services and repairs for both automotive and heavy-duty (trucks). The heavy-duty truck aspect of Fleet Services includes commercial and government fleets. The commercial and government fleet work is the backbone of these franchises.
How long is the franchise program?
Franchisees are provided a comprehensive 8 week training program that will prepare them to operate the business. Franchisees will not be trained to become mechanics, they will hire and manage mechanics with our help.
Is Express Oil Change a franchise?
Express Oil Change and Tire Engineers is a full service franchisor, as we provide extensive training, support and coaching for our franchisees, including choice of store location, counseling through the land purchase or lease process, assistance with financing opportunities, store design services, construction support, help in hiring the store crew, full training of the store crew, marketing tools, training and active support, along with substantial store operations support as the store opens and throughout its life.
Do you need to be a franchisee for Express Oil Change?
It is not necessary for a new EXPRESS OIL CHANGE & TIRE ENGINEERS ® franchisee to know anything about cars or automotive repair prior to becoming a franchisee. Our comprehensive training program will provide all the training necessary for the franchisee to operate all facets of the business. A franchise operator must attend and complete an 8-10 week training process. The process will include both classroom and field training. In addition to pre-opening training and grand opening support, a certified trainer will spend time at your location during the first year and as needed.
Why Costa Oil – 10 Minute Oil Change™?
At Costa Oil™, we believe in holding true to what works — the original quick-lube model works well and focuses on a fast, valuable experience that keeps customers coming back like clockwork!
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Is oil change a seasonal business?
As long as people drive cars, the oil change franchising business is a non-seasonal industry that will always be in demand . Quick lube automotive is an $8 billion industry with more than 230 million licensed drivers in the U.S. The average number of vehicles on the road continues to grow each year, which opens up great opportunities for oil change operators. And an oil change is a "need" item, not a "want" item, making the oil change industry a recession-resistant business category.
Is Costa Oil a franchise?
Costa Oil™ has developed a quick lube franchise concept that requires less initial capital, has less overhead in the form of rent and staffing, and is more suited for today's quick lube environment. Our efficient modular unit reduces start-up costs and gets you into the profitable oil change business fast! We exceed industry standards by putting every customer first and holding our employees accountable through our innovative commission structure. Costa Oil ™ is affordable and has proven residual income because our customers love us. It gets better — Costa Oil ™ can be run by an absentee owner, making it an excellent investment choice. We are selling customers back their time, proving double or triple the speed than our competitors.
How much does it cost to franchise an oil change?
Like all franchise opportunities, oil change franchises require an initial investment ranging from around $50,000 upward of several hundred thousand dollars. Of course, most people looking to start up a business wouldn’t be able to enter their chosen industry without funding from a moneylender.
How much does an oil change franchise make?
A typical oil change franchise location can expect to perform about 1,200 jobs per month.
What is grease monkey franchise?
Rev Up Your Revenue Potential With A Grease Monkey® Franchise! The Grease Monkey platform guides franchisees through every aspect of running a profitable quick lube and preventive maintenance business!
Why do banks favor franchises?
Lenders calculate interest rates based on the likelihood that they'll see a safe return on their investment, and franchises often receive favorable rates because they're starting a business with the support of an established, proven partnership.
What is an oil change franchise?
Oil change franchises change the oil in all motor vehicles; not just cars. So, that includes motorbikes and scooters, vans and trucks, and recreational vehicles such as coaches and trailers.
What is the most common type of service that car owners seek out?
Older cars require more maintenance, while more cars in general means more business for automotive franchise owners. 3. Oil changes are the most common type of service that car owners seek out. Oil changes account for 24% of services performed at automotive repair businesses.
Why do franchises survive?
Franchise businesses survive for much longer than indies because their business model has already been proven - there IS a demonstrable market need for the business.
How long does it take to open a Valvoline oil change?
The company has over 30 years of experience as a business owner and franchisor. Almost a third of 900+ franchise locations belong to VIOC. Franchisees can rely on the support of the franchisor in every aspect of the business. Opening of the location will take 3-6 months.
How long does it take to change oil at Luby Dudes?
Customers don’t come to Luby Dudes, Luby Dudes come to customers! On-site oil change only takes about 20 minutes.
What is a Speedee oil change?
SpeeDee Oil Change & Auto Service Center franchise offers full-service car care. They have more than 150 locations for 40 years of work. The franchisor offers to clients an individual approach provided by qualified specialists, innovative computerized diagnostic equipment. The company provides franchisees with comprehensive assistance in business planning, as well as technical and marketing support.
Where is Valvoline oil change located?
and was created in 1986 with the purchase of quick-lube centers throughout New York, Minneapolis and Michigan. The public company began franchising in 1988 and is based in Lexington, Kentucky.
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.
Who owns Victory Lane Quick Oil Change?
Victory Lane franchise is a rare franchise owned by a former franchisee. Since 2014 Justin and Lauren Cialella, who were the majority franchisees owning 10 locations, acquired the entire franchise. And that is solid proof of how successful franchisees of that company can become. The franchisor has a discounted franchise fee program for multiple location owners.
Is Take 5 a franchise?
We are Take 5, and we are proud to be the industry disruptor and automotive franchise to own. We took inspiration from the hospitality industry to transform the mundane task of getting an oil change into an enjoyable customer-focused experience. Our revolutionary drive-through oil change services can be found in over 500 locations in 18 states. As we continue to expand our brand, our immediate focus is to grow our brand presence through franchising in the Southeast United States.