Jiffy Lube

Franchise Concept: Fast oil change
Actively seeking Franchisee's in: All US Regions, Canada, Worldwide

Share the rewards of a growing service industry

Like any savvy businessperson operating in a free market society, Jim Hindman, the founder of Jiffy Lube, saw an opportunity opening up and he took it. For years and years, gas stations had provided full service to their customers by doing everything from oil changes to window washing, as well as simply filling up the tank.

But by the time 1979 rolled around, all of this was quickly changing, and customers were no longer getting the full service that they had come to expect. Instead - and the custom continues today - the majority of gas stations were simply posted up like watering fountains, minimally staffed and requiring the customer had do all of the work pumping the gas, washing the windows and walking to the counter to pay. No longer was the customer able to enjoy the care and attention that once made going to the gas station such a wonderful experience. In addition, it is needless to say that full service oil changes were out of the question.

Seeing this, Hindman decided to start up an alternative to what once was the gas station where customers could go and get their oil changed quickly by reliable professionals. He banded together seven different fast lube centers that were located in the western region of the United States. Right away, Jiffy Lube began franchising and today it has locations throughout North America and is owned entirely by the Pennzoil Quaker State Co. Since 2000, the number of franchises has grown slightly and today the company has more than 1,800 franchises in the United States and Canada.

Currently they are looking for eager entrepreneurs - most likely with experience in oil changing or some sort of business management - to take up franchises in the United States as well as outside the country in Canada and even in Mexico. Depending on where one decides to set up shop, the initial investment costs can range from $214,000 to $273,000.

In return, franchisees find that they are treated to the benefits of a well-run organization based on solid support networks, customer care and long term success. Jiffy Lube will offer a helping hand in everything including finding the right location and getting it, training the franchisee and his or her management team and developing an operating scheme that works well and that is efficient.

On top of all this, Jiffy Lube is ready and willing to help finance these startups should the need arise. Indeed, anything that helps promote the good name of this fast lube chain will be taken care of by the company. In addition, franchisees who sign on with Jiffy Lube will get to benefit from a time-honored name in the oil changing business.

Jiffy Lube also foresees major changes on the horizon in terms of automotive maintenance and is therefore looking to expand its franchisee base. That\'s because something called installed motor oil is making great strides, and promises to fulfill vast revenue projections made by those who foresee it being a major factor in the fast lube industry. While Jiffy Lube takes in about 30 million customers every year, there will probably be 120 million autos that will need servicing - a lot of them due to the new changes - within the next few years. Now more than ever is a great time to get set up a franchise with a Jiffy Lube in order to take full advantage of the promised rewards for this full-service oil changing company.

Franchise Information

Financial & Terms

Minimum Net Worth	$400,000
Equity/Liquid Capital	$163,000 and up
Min Total Investment	$174,000 to $194,000
Initial Franchise Fee
Ongoing Royalty
Advertising Fee

Contact Information

Address	Jiffy Lube, PO Box 2967, Houston TX 77252-2967
Sales Contact	800-327-9532 713-546-6940

We Find The Right Franchise For You... and Your Family!

As a U.S. resident seeking the right home franchise opportunity for yourself (and, of course, your family!), FranchiseProspector.com gives you FREE match-up services that fit your goals, your personality, and your investment interests.

Tell us about yourself and take the first steps in gaining personal and financial independence!
You have nothing to lose!