Jiffy Lube Franchise
Wednesday, April 28, 2010 at 09:54AM Oil-change service
The decline of full-service gas stations in the 1970s left many consumers without their traditional sources for oil changes. Jiffy Lube began under Jim Hindman in 1979 as an association of seven fast-lube centers in the western United States. Today the franchise is a wholly-owned subsidiary of Pennzoil-Quaker State Co. and has locations nationwide.
Start-up Costs & Franchises Fees
What is the total cost to open a Jiffy Lube Franchises?
Total Cost: $214,000 USD -$273,000 USD
Total Franchise Fees: $35,000 USD
Ongoing Royalty Fees: to 5%
Ongoing Advertising Fees:
Term of Agreement: 20 years
Franchise Agreement Renewal Fee: $17.5K
Contact Information for Jiffy Lube
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Jiffy Lube International Inc. |
Phone Number: (713) 546 - 8813 |
Jiffy Lube In the Press
No results at this time.Historical Expansion
In what year did Jiffy Lube begin operations? 1979
When did Jiffy Lube begin selling franchises? 1979
Year United States Canada International Corporate 2004 1771 36 0 426 2003 1735 44 0 434 2002 1714 41 0 465 2001 1671 38 0 476 2000 1660 0 0 509
Future Expansion
Countries of Interest: Canada, Mexico,
Franchise Financing Information
Cost In House Financing Available? 3rd Party Financing Available? Franchise Fee No Yes Initial Start-up Capital No Yes Plant, Property, and Equipment No Yes Inventory No No Accounts Receivable No No Payroll No No 3rd Party Financing Available? Financing Source(s): Pennzoil Lube Center Acceptance Corp.
Training & Support
Training
Available at franchisee's location, Additional training available
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, National media, Regional advertising support
Franchise Operation Restrictions
80% of all franchise business owners own more than one franchise location.Number of employees needed to run franchised unit: 10
Absentee ownership of franchise is allowed. (90% 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