Franchise FAQ

is jiffy lube a franchise

by Kolby Crist Published 2 years ago Updated 1 year ago
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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 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.

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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.

What is a Fsi?

Co-branded with NASCAR Hall of Famer Richard Petty’s "Petty's Garage" - Fleet Services International (FSI) provides on-site maintenance and repairs for commercial car and truck fleets. With a huge first year profit potential, and 100% financing for those who qualify, FSI has been the #1 Industry leader since 2001.

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 .

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.

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.

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.

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.

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.

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