FranchiseWorks.com | Oil Change Franchise
Jiffy Lube International Announces National Franchise
Expansion Opportunities. The Recognized Leader of the Quick Lube Franchise
Industry Plans to Increase Presence in Dallas/Ft Worth and Upstate NY.
HOUSTON, TX (August 2010) – Oil Change Franchise
Jiffy Lube International, Inc., a subsidiary of Shell Oil Company and the recognized leader of the quick lube industry, is launching a strategic national franchise growth
plan to increase its footprint in the U.S. Today, the company announced its 2010 target markets for franchise growth, which include Dallas/Fort Worth, TX and Upstate New York. Franchise opportunities
are available in the company’s existing markets as well. With more than 2,000 Jiffy Lube® service centers in North America, Jiffy Lube is the largest system of franchise
service centers in the quick lube industry.
“Jiffy Lube is looking for individuals who are committed, conscientious and have the ability and the desire to learn and follow a system that is designed to provide value and customer satisfaction,” said Barry Wood, Director, Market Optimization, Jiffy Lube International.
Initially created to replace services traditionally provided by full-service gas stations, Jiffy Lube with its drive-through service bay format was launched in 1979 and a completely new market category was created. Since its inception, Jiffy Lube has redefined consumers’ need for the “do-it-for-me” (DIFM) oil change. Through its marketing efforts and high-quality service, drivers across North America now recognize the importance of visiting Jiffy Lube for its Jiffy Lube Signature Service® Oil Change. Additionally, as a designated oil collection center, Jiffy Lube service centers collect and recycle more used oil than any quick-lube in North America.
Qualified candidates should possess a minimum net worth of $450,000, not including a personal residence, and a minimum liquidity of $150,000. Franchisees can expect their initial investment to range from approximately $194,000 to $323,000 with the franchise fee
, but not including real estate.
“Jiffy Lube franchisees are supplied with tools and support to help position them for success,” added Wood. “Each franchisee attends our nationally recognized training program and is provided with powerful marketing materials leveraging the Jiffy Lube brand for local market utilization.”
Choosing the most effective real estate is also key to franchisee success, as it is estimated that 20,000 cars pass a Jiffy Lube each day. The best site for a new location is a corner lot on an undivided street with two way traffic. Lots measuring 125’x160’ are ideal and the standard building is approximately 60’x 40’.
Aside from a robust support system designed to help build their business, franchisees can rely on an incremental revenue stream by servicing national fleets of cars and trucks. Typically, one out of every 10 vehicles serviced is a fleet customer. Fleets contract with Jiffy Lube to ensure their business vehicles benefit from the Jiffy Lube Signature Service® Oil Change at regular intervals to maintain manufacturer’s recommendations and warranties.
Jiffy Lube has received several industry accolades as a top franchisor from Entrepreneur magazine’s “Franchise 500” rankings, which consistently lists Jiffy Lube in its top 40 and number one in its category. Jiffy Lube was also ranked number 71 in the 2009 Franchise Times’ “Top 200 Systems” by worldwide sales. For the 20th year in a row, Jiffy Lube has secured the top spot in National Oil & Lube News' annual TOPS in the Fast Lube Industry Ranking.
About Jiffy Lube
Jiffy Lube International Inc. (“Jiffy Lube”) has more than 2,000 franchised service centers in North America. Jiffy Lube pioneered the fast oil change industry in 1979 by establishing the first drive-through service bay, providing customers with fast, professional service for their vehicles. Headquartered in Houston, Jiffy Lube is a wholly owned, indirect subsidiary of Shell Oil Company.
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