How much does Jiffy Lube team lucor 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 Team Lucor in the United States pay? Average Jiffy Lube Team Lucor hourly pay ranges from approximately $8.14 per hour for Technician to $16.97 per hour for Accounts Payable Specialist.
How much do Jiffy Lube store managers make a year?
When factoring in bonuses and additional compensation, a Store Manager at Jiffy Lube can expect to make an average total pay of $46,709 per year. How does this pay data of $44,825 look to you?
How much does a Bojangles' franchise cost?
Starting a Bojangles franchise is an exciting possibility, but something that requires careful consideration of the upfront costs. A Bojangles franchise costs around $2 million on average, while the lowest cost is $1.5 million and the highest cost is $2.5 million.
How much does Jiffy Lube charge for a tire rotation?
For example, Jiffy Lube charges $19.99 for a tire rotation when you purchase their vehicle maintenance package, which includes tire rotation, oil change, and inspection of various car components. In general, you shouldn’t expect to pay more than $50 for tire rotation, although you can probably find a lower price if you shop around.
See more
Are Jiffy Lube franchises profitable?
Jiffy Lube is a very profitable business for the franchisor with retained earnings of $1.9 billion in 2022 Q1 comparing with a loss of $133 million in 2020 Q1.
Who owns Jiffy Lube franchise?
Shell Oil CompanyHeadquartered in Houston, Texas, Jiffy Lube® International is a wholly owned, indirect subsidiary of Shell Oil Company. Jiffy Lube service centers are 100% franchise-owned.
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.
How much does it cost to open a new franchise?
Franchise startup costs can be as low as $10,000 or as high as $5 million, with the majority falling somewhere between $100,000 and $300,000. The price all depends on the industry, location and type of franchise.
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.
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 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.
Is Valvoline oil change a franchise?
Franchise Description: The franchisor is Valvoline Instant Oil Change Franchising, Inc. (VIOCF). Franchisees operate a Valvoline Instant Oil Change service center, a quick-service engine oil change facility which offers chassis lubrication, certain routine maintenance checks and other automotive services.
Who is the CEO of Jiffy Lube?
Steve LedbetterSteve Ledbetter the CEO of Jiffy Lube received an average score of 64 from Jiffy Lube employees.
What is the most profitable franchise?
Top 14 Most Profitable FranchisesMcDonald's. Units in operation: 39,360. ... Dunkin Donuts. Units in operation: 12,800. ... Taco Bell. Units in operation 12,800. ... Subway Franchise. Offers Financing: Yes. ... Anytime Fitness Franchise. Units in operation: 4,904. ... Sonic. Royalty: 2.5% - 5.0% ... Planet Fitness. Royalty 7.0% ... Orangetheory Fitness.More items...
What businesses can you start with 10k?
The Best Businesses to Start With 10kA Small Nest Egg Can Create Big Opportunities. Maybe you've been faithfully working your 9-to-5 job, and you've got some money in the bank. ... Import/Export Business. ... Online Store. ... Framing Business. ... Senior Care Business. ... Hauling Service. ... Home Staging Business. ... Window Treatment Business.More items...
What is Starbucks franchise fee?
What are the Financial requirements for a Starbucks licensed store? You need to pay the licensing fee of between $50,000 – $315,000 and you must have over $1,000,000 in liquid assets to be considered for a licensed store by Starbucks.
Is Jiffy Lube owned by Pennzoil?
Pennzoil bought out Jiffy Lube International It was acquired by Pennzoil and became a subsidiary.
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.37%Promoters44%Detractors1 more row
Who is the owner of Grease Monkey?
FullSpeed Automotive owns and operates locations of Grease Monkey, SpeeDee, and other smaller oil change brands.
Who is the CEO of Jiffy Lube?
Steve LedbetterSteve Ledbetter the CEO of Jiffy Lube received an average score of 64 from Jiffy Lube employees.
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 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 much does it cost to buy a Jiffy Lube service center?
If you choose to buy, rather than rent, a service center, Jiffy Lube estimates that the cost to acquire a suitable site might range from $300,000 to over $800,000, and building costs (including soft costs and site costs) for a four-bay service center might range from $700,000 to $900,000; however, costs vary and could easily and substantially exceed this range. Some of Jiffy Lube’s franchisees have spent more than $1 million to buy what they believed to be a good site, and Jiffy Lube has approved these sites for development.
Who purchases Jiffy Lube equipment?
Equipment for a Jiffy Lube service center is normally purchased or leased by the franchisee directly from the manufacturer or some other vendor.
How long does it take for Jiffy Lube to start?
Based on its experience, Jiffy Lube thinks that in markets that are familiar with the quick lube concept (which includes most markets today), the initial phase of operations will be at least six months. For that reason, Jiffy Lubes recommends that your plans include additional funds of at least $45,000.
What is the grand opening of Jiffy Lube?
Typical grand opening expenses include direct mail and media advertising and promotional signage and other materials.
How many bays are there in Jiffy Lube?
The current standard for the construction of a new Jiffy Lube service center building is a four-bay facility. A suitable site should have a frontage of at least 140 feet and a depth of 180 feet.
Does Jiffy Lube have working capital?
Jiffy Lube cannot estimate when, if ever, income from a service center will be enough to meet expenses. Almost invariably, you will need working capital in addition to revenue from the center to cover operating expenses of the service center during its initial phase of operations.
Does Jiffy Lube require insurance?
It is Jiffy Lube’s experience that insurance carriers require new franchisees to pay for one year’s premium in advance, but existing franchisees can often arrange for monthly payments for their new service centers. Insurance costs may vary widely by state and with the experience of the franchisee. 8.
Why Join Jiffy Lube®?
Jiffy Lube® offers its franchisees award-winning training and dedicated support at the national and individual franchisee level.
What is Jiffy Lube Multicare?
Jiffy Lube Multicare® provides the expanded services customers want and need. Jiffy Lube Multicare® is built on the promise of quick, convenient services through expanded offerings like battery and brake services. With all new service center construction designed for Jiffy Lube Multicare®, you're starting your business with a competitive edge.
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.
