Start-Up Costs and Fees |
||
| Jiffy Lube | Victory Lane Quick Oil Change | |
| Investment | 207000 - 422650 | 137000 - 532000 |
| Franchise Fee | 0 | |
| Royalty Fee | 3-4% | 6% |
| Advertising Fee | 1.50% | 2% |
| Year Founded | 1979 | 1980 |
| Year Franchised | 1979 | 1986 |
| Term Of Agreement | ||
| Term Of Agreement | ||
| Renewal Fee | ||
Business Experience Requirements |
||
| Jiffy Lube | Victory Lane Quick Oil Change | |
| Experience | General business experience | |
Financing Options |
||
| Jiffy Lube | Victory Lane Quick Oil Change | |
| Franchise Fees | No | No |
| Start-up Costs | No | No |
| Equipment | No | No |
| Inventory | No | No |
| Receivables | No | No |
| Payroll | No | No |
Training & Support |
||
| Jiffy Lube | Victory Lane Quick Oil Change | |
| Training | Available at franchisee's location, Additional training available On-The-Job Training: 10-40 hours Classroom Training: 40 hours | |
| Support | Purchasing Co-ops Newsletter Meetings/Conventions Toll-Free Line Grand Opening Security/Safety Procedures Field Operations Site Selection Proprietary Software Franchisee Intranet Platform | |
| Marketing | Co-op Advertising Ad Templates National Media Regional Advertising Social media SEO Website development Email marketing | |
| Operations | 80% of all franchisees own more than one unit Number of employees needed to run franchised unit: 10 Absentee ownership of franchise is allowed. (90% of current franchisees are owner/operators) | |
Expansion Plans |
||
| Jiffy Lube | Victory Lane Quick Oil Change | |
| US Expansion | ||
| Canada Expansion | 0 | |
| International Expansion |
Start-Up Costs and Fees Mobile |
|
| Investment | |
| Jiffy Lube | |
| Victory Lane Quick Oil Change | |
| Franchise Fee | |
| Jiffy Lube | |
| Victory Lane Quick Oil Change | |
| Royalty Fee | |
| Jiffy Lube | 3-4% |
| Victory Lane Quick Oil Change | 6% |
| Advertising Fee | |
| Jiffy Lube | 1.50% |
| Victory Lane Quick Oil Change | 2% |
| Year Founded | |
| Jiffy Lube | 1979 |
| Victory Lane Quick Oil Change | 1980 |
| Year Franchised | |
| Jiffy Lube | 1979 |
| Victory Lane Quick Oil Change | 1986 |
| Term Of Agreement | |
| Jiffy Lube | 20 years |
| Victory Lane Quick Oil Change | 10 years |
| Renewal Fee | |
| Jiffy Lube | $17.5K |
| Victory Lane Quick Oil Change | $4,500 |
Business Experience Requirements |
|
| Experience | |
| Jiffy Lube | General business experience |
| Victory Lane Quick Oil Change | |
Financing Options |
|
| Franchise Fees | |
| Jiffy Lube | No |
| Victory Lane Quick Oil Change | No |
| Start-up Costs | |
| Jiffy Lube | |
| Victory Lane Quick Oil Change | |
| Equipment | |
| Jiffy Lube} | |
| Victory Lane Quick Oil Change | |
| Inventory | |
| Jiffy Lube | |
| Victory Lane Quick Oil Change | |
| Receivables | |
| Jiffy Lube | |
| Victory Lane Quick Oil Change | |
| Payroll | |
| Jiffy Lube | |
| Victory Lane Quick Oil Change | |
Training & Support |
|
| Training | |
| Jiffy Lube | Available at franchisee's location, Additional training available On-The-Job Training: 10-40 hours Classroom Training: 40 hours |
| Victory Lane Quick Oil Change | |
| Support | |
| Jiffy Lube | Purchasing Co-ops Newsletter Meetings/Conventions Toll-Free Line Grand Opening Security/Safety Procedures Field Operations Site Selection Proprietary Software Franchisee Intranet Platform |
| Victory Lane Quick Oil Change | |
| Marketing | |
| Jiffy Lube | Co-op Advertising Ad Templates National Media Regional Advertising Social media SEO Website development Email marketing |
| Victory Lane Quick Oil Change | |
| Operations | |
| Jiffy Lube | 80% of all franchisees own more than one unit Number of employees needed to run franchised unit: 10 Absentee ownership of franchise is allowed. (90% of current franchisees are owner/operators) |
| Victory Lane Quick Oil Change | |
Expansion Plans |
|
| US Expansion | |
| Jiffy Lube | |
| Victory Lane Quick Oil Change | |
| Canada Expansion | |
| Jiffy Lube | |
| Victory Lane Quick Oil Change | 0 |
| International Expansion | |
| Jiffy Lube | |
| Victory Lane Quick Oil Change | |