Last Updated on July 26, 2012 by DeanR
Grease Monkey Franchise
Grease Monkey is a franchise for a business providing quick lube and preventive maintenance.
It was founded in 1978 and started franchising in 1979. Grease Monkey International is an independently owned franchise for automotive preventive maintenance center. They provide their services to most makes and models of vehicles. They meet the manufacturer’s recommendations and the customers can have their maintenance done without any appointments.
Their Center Managers always welcome feedback and comments from the customers. Their crew are trained and have earned certifications in customer service, courtesy, hood technicians, and lube technicians. Their partners and vendors include Mailmark, G&K Services, Henry Wurst Inc., and Purolator Products Company. They now have 187 locations in the United States, 57 in other countries like Mexico and China, and one that is company owned.
What services do they provide at a Grease Monkey Franchise?
Their full service oil change include Lubricating chassis, Installing of new oil filter, Washing of exterior windows, Vacuuming of interior, checking and filling of air filter, breather element & PCV valve, battery fluid, power steering fluid, transmission or transaxle fluid, windshield fluid, engine coolant level, differential fluid, set tire pressure, and all exterior lights. For frequent customers, they offer free Power Steering Fluid, up to one quart motor oil, Transmission or Transaxle Fluid, Windshield Washer Fluid, and Check and set your tire pressure.
What are the recommendations of the manufacturer when it comes to maintenance?
They advise to have the oil change every three months or every 3,000 miles for it to fully function in severe conditions such as Trips of under 10 miles, Stop-and-go or city driving, Extremely cold weather, Dusty driving conditions, Carrying a heavy load or towing a trailer, and Idling for long periods. What these regular check-ups do is help you avoid costly repairs, extend the life of your engine and its other vital components, maintain manufacturer’s warranty, maximize fuel economy, increase the resale value of your car, reduce environmental pollution, and keep your vehicle safe to keep you safe and give you peace of mind. They say that they can provide these services quickly and with no appointments and they ensure that your vehicle will be properly cared for by their trained technicians.
Cost and requirements on running a Grease Monkey franchise
You need to have a net worth of $500,000 and a total liquid asset of at least $200,000 to $250,000. Expect to be investing about $171,000 to $363,000. The cost of the Grease Monkey Franchise fee is $30,000 with an on-going royalty fee of 5%. This is for a renewable 15 year term agreement. You will need about eight employees to run one location. They allow multi-unit ownership and absentee ownership.
What is included in the franchise package?
There will be five days training at the headquarters, trainings at your location as needed and an annual regional meeting. You will be receiving newsletters and a toll free phone number. You will be given access to the internet and purchasing cooperatives. You will also be provided assistance at the grand opening. Expect to be attending meetings and receiving occasional field evaluations. For marketing support, there will be ad slicks, co-op advertising, and regional advertising.
Grease Monkey Contact Details
You may reach them at:
Address: 7100 E. Belleview Ave. Suite 305 Greenwood Village, CO 80111
Phone: (800) 822-7706 or (303) 308-1660