Express Oil Change Franchise
Saturday, April 24, 2010 at 12:50AM Auto repair service center specializing in oil changes
Former gas station manager Jim Lunceford founded Express Oil Change in 1979 after hearing about a West Coast business that offered quick oil changes. Lunceford brought the concept to Alabama, opened four centers and began franchising in 1984.
In 1996, franchise business owners Joe Watson and Ricky Brooks purchased Express Oil Change from Lunceford and began expanding the company into Florida, Mississippi, Tennessee, Georgia and the Carolinas. Two years later, the company purchased Tune-Up Clinics, a 28-store chain based in Atlanta. Twenty-five Tune-Up Clinic locations became Express Oil Change centers after the purchase.
Start-up Costs & Franchises Fees
What is the total cost to open a Express Oil Change Franchises?
Total Cost: $124,500-$200,000 USD
Total Franchise Fees: $27,500
Ongoing Royalty Fees: 5%
Ongoing Advertising Fees:
Term of Agreement: 10 years
Contact Information for Express Oil Change
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Express Oil Change |
Phone Number: (205)945-1771 |
Express Oil Change In the Press
No results at this time.Historical Expansion
In what year did Express Oil Change begin operations? 1979
When did Express Oil Change begin selling franchises? 1983
Year United States Canada International Corporate 2005 124 0 0 25 2004 114 0 0 35 2003 130 0 0 13 2002 125 0 0 13 2001 118 0 0 12
Future Expansion
United States: Alabama, Florida, Georgia, Louisiana, Mississippi, North Carolina, South Carolina, Tennessee, Texas,
Franchise Financing Information
Cost In House Financing Available? 3rd Party Financing Available? Franchise Fee No No Initial Start-up Capital No Yes Plant, Property, and Equipment No Yes Inventory No Yes Accounts Receivable No No Payroll No No 3rd Party Financing Available? Financing Source(s): Citigroup, the SBA, SouthTrust Bank, AmSouth Bank, Compass Bank
Training & Support
Support
In the Pressletter, Meetings, Toll free phone number, Grand opening support, Internet referrals, Safety and Security procedures, Field support and site evaluation, Purchasing cooperatives
Marketing
Cooperative advertising, Ad slicks, Regional advertising support
Franchise Operation Restrictions
85% of all franchise business owners own more than one franchise location.Number of employees needed to run franchised unit: 6 - 8
Absentee ownership of franchise is allowed. (92% of current franchise business owners are owner/operators)
Qualifications & Business Experience
Business Experience:
General business experience
Franchise Analyzer Professional's Inside Information
Can you buy this franchise for no money down? YesPlease note: You must download a free copy of Franchise Analyzer Professional to receive these benefits and so much more. Click here to download your FREE copy now.
What key terms in the franchise agreement can be negotiated? Cross-default provisions, arbitration clause, personal guarantee, default cure periods, non-compete agreement, favorable valuations for corporate buyout
Can you negotiate lower royalties during start-up? Yes
Can you purchase multiple franchises for a discounted franchise fee? Yes
Can you receive lower advertising fees? Yes
Will I know when the franchise break even? Yes
Will my personal assets including my home be safe in case my franchise business fails? Yes