Jiffy Lube Franchise
Jiffy Lube is a franchise for a business that provides fast oil change. It was founded in 1979 and started franchising that same year. Their headquarters is in Houston, Texas.
They are an indirect subsidiary of Shell Oil Company. Their centers are all independently owned by its franchises and being operated by about 252 entity groups. They serve about 24 million customers in each year in over 2,000 franchise locations of Jiffy Lube. It has been recognized by Franchise Times as number 71 in the Top 200 franchise chains based on worldwide sales. It has also been recognized by Entrepreneur magazine’s number 37 in 2010 Franchise 500. They have about 20,000technicians that has been trained and certified through Jiffy Lube’s extensive training program. Their training program is provided by Automotive Service Excellence or ASE. They now have 1,940 locations in the United States and 44 locations in Canada.
What services are provided at Jiffy Lube?
For their Jiffy Lube Signature Service Oil Change, they will change the oil filter and oil up to five quarts of quality motor oil. They will also check and fill the tire pressure, differential fluid, transmission and transaxle fluid, power steering fluid, transfer case fluid, battery water unless it is a sealed batteries, and windshield washer fluid. They will clean the exterior windows and vacuum interior floors. They will also inspect key components such as serpentine belts, brake fluid level, antifreeze and coolant reservoir levels, wiper blades, exterior lights, engine air filtration system, and chassis.
Besides the signature service, they offer Air Conditioning services, air filtration services, cooling system services, electrical system services, drivetrain services, engine services, inspections and emissions, fuel system services, tire rotation services, windshield services, and transmission services. For the Jiffy Lube Fleet Care Advantage, they provide consolidated billing, purchase controls, dedicated account manager, secure transactions, and multiple payment options. What comes with every service they provide is the Jiffy Lube Pledge. They will inform you of the services needed but you will still make the last decision whether to take it or not, their services are based on “severe” driving conditions, and they will never be charged for a service that you did not authorize or not completed properly.
Cost and requirements on running a Jiffy Lube franchise
You need to have a net worth of $450,000 and a total liquid asset of at least $150,000. Expect to be investing about $196,000 to $332,000. The cost of Jiffy Lube franchise fee is $10,000 to $35,000 with an on-going royalty fee of 4%. This is for a renewable 20 year term agreement. You will need about 10 employees to run one location. They allow multi-unit ownership and absentee ownership.
What is included in the franchise package?
There will be two to four weeks training at the headquarters and additional training at your location if needed. You will be receiving newsletters and a toll free phone number. You will be provided assistance at the grand opening. You will be given access to the internet and to purchasing cooperatives. Expect to be attending meetings and receiving occasional field evaluations. For marketing support, there will be ad slicks, co-op advertising, regional advertising, and national media.
Jiffy Lube Contact Details
You may reach them at:
Address: P.O. Box 4427 Houston, TX 77210-4458
Phone: (800) 344-6933