Jiffy Lube Franchise

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. Take the worry out of forging ahead on your own by having a support team behind you. As the pioneer and leader of the quick lube industry, Jiffy Lube International knows what works and what doesn't. Jiffy Lube International focuses on elements critical to business operations, in addition to offering innovative programs to help attract and retain customers. The Jiffy Lube Franchise model has been helping business owners successfully run their own businesses since 1979. If you have strong interpersonal skills, the ability to manage and motivate employees, and the desire to learn and follow a proven system that emphasizes value and customer satisfaction, let us work with you to turn your dreams into reality. Already Own a Quick Lube Location? Jiffy Lube could be a perfect fit for you if you already own a quick lube location and are looking for ways to expand your business and attract more customers. You already have the pieces in place, and now you could leverage the brand strength of the industry leader. Many quick lube owners come to us because they can't quite figure out how to take their business to the next level. Jiffy Lube can help. Benefits to joining the #1 brand in the quick lube market: *Brand recognition *Comprehensive training *Proven systems *National fleet services *Network of support Seeking new franchise units throughout the U.S. , Canada and South America    Veteran Incentives  Franchise fee waived   #116 in Canada's Top franchises.#48 on Franchise Rankings.com#70 in Franchise 500 doe 2020.

ABC INC

ABC-CO - NASDAQ

$129.55 USD
+0.25 (+0.20%)
$129.55
$129.55


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Please Note: The operators of Jiffy Lube, may not have verified the accuracy of the Franchise information contained within this website. For accurate up-to-date information, investors are strongly recommended to visit the official Jiffy Lube website.

How much does it cost to open a Jiffy Lube Franchise ?

The investment required to open a Jiffy Lube Franchise is between $207,000 - $422,650 . There is an initial franchise fee of $17,500 -$35,000 which grants you the license to run a business under the Jiffy Lube name.

Individual Franchise Costs

  • Initial Investment:
    $207,000 -
  • Initial Franchise Fee:
    $17,500 - $35,000
  • Royalty Fee:
    3-4%
  • Advertising Fee:
    1.50%
  • Term of Agreement:
    20 years
  • Renewal Fee:
    $17.5K

Expense In-House Third Party
Franchise Fee No Yes
Startup Costs No Yes
Equipment No Yes
Inventory No No
Accounts Receivable No No
Payroll No No

Third Party Financing Source(s):
Pennzoil Lube Center Acceptance Corp.

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

Jiffy Lube Growth History

When did the first Jiffy Lube open? 1979
When did Jiffy Lube start Franchising ? 1979

Year U.S.A. Canada International Corporate
2020 0 87 0 0

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)

General business experience


How much money you could make as a Jiffy Lube Franchise owner depends on a wide variety of factors. As a business owner, your primary goals are to strive for high sales while keeping your oper_ating costs as low as possible while still maintaining quality products and service. The monthly oper_ating costs that you will incur as a Jiffy Lube Franchise owner may include royalty fees, rent or mortgage, staffing, products, supplies, utilities, administrative costs and other things. Although your monthly oper_ating costs may vary from month to month, your start up costs are typically fixed and they will cover the majority of your initial oper_ating equipment, signage, and renovations.

Initial Investment
$17,500 - $422,650
Initial Franchise Fee
$17,500 - $35,000
Royalty Fee
3-4%
Advertising Fee
1.50%
Term of Agreement
20 years
Renewal Fee
$17.5K
Jiffy Lube Franchise Opportunity viewed times by investors.
 

Legal Disclaimer: This information is not a franchise offering for Jiffy Lube and should not be construed as such. The Franchise Mall makes every effort to maintain accurate franchise data but does not guarantee nor assume liability for incorrect data. We recomend that anyone seriously interested in pursuing an Jiffy Lube franchise opportunity, review that franchise's Franchise Disclosure Document (FDD) with an attorney and accountant.