they did not know what to do so from there i took it straight to a mechanic. The initial start up costs associated with opening a new Jiffy Lube Multicare Service center range from $207,000 to $422,650, excluding land. [3] Also, Jiffy Lube was ranked number 15 in Entrepreneur Magazine's 2012 Franchise 500 [4] and . How Much Money Can My Franchise Make? For example, assume a business does two oil changes per hour and charges $50 per oil change. (IHS . Jiffy Lube is exclusively a franchise operation, while Valvoline has a mix Aug 12, 2012 As a well-oiled franchise, Canadian owned and operated Pro Oil we are about one-third of the cost compared to franchises such as Mr. Lube. The average age of a vehicle owned in the United States is 11.4 years. However, you also have to have a required liquid capital of at least $150,000. How much does it cost to open a Jiffy Lube Franchise? Royalty Fee: 6.0%. How much does Valvoline franchise cost? By Peter Walsh. Because brake service at Jiffy Lube includes complete pad and rotor replacement, the starting price is a bit higher, at $379. 3. Any concerns buyers should be aware of? Some of the equipment r. $45.98 ($66.98 value) Full Synthetic oil change. March 7, 2013. As an AAA member, you will never be left stranded. If under the Pacesetter or New Way Forward Franchise Agreement, SOPUS Products will supply all of the petroleum products you might need (i.e., motor oil, transmission fluids, greases, etc. Why join Jiffy Lube? Jiffy Lube has locations in several areas, but are completely absent from entire states, like in Maine. It's expensive to run a Jiffy Lube franchise. Jiffy Lube has evolved its core business of oil change services by adding Quick Franchise Summary. Jiffy Lube requires a 20-year agreement term with a $10,000 initial franchise fee. In this regard, how much does Jiffy Lube charge for a transmission oil change? Also, Jiffy Lube was ranked number 15 in Entrepreneur Magazine ' s 2012 Franchise 500 and number 73 on Franchise Times ' 2011 Top 200 Franchise Chains by Worldwide Sales. [2] The company was ranked first on National Oil and Lube News 2011 Tops in the Fast Lubes Industry Rankings. Franchise XYZ's FDD also reveals that the franchise's royalty rate is 5% (that is, franchisees in the system pay 5% of their gross sales to the franchisor in the form of ongoing royalties). how long does it take to change the transmission fluid JIFFY LUBE - 31 Photos & 193 Reviews - Auto Repair - 525 E This Jiffy Lube Ontario location is situated at the corner of Thomas Street and Erin Mills Pkwy and minutes away from a busy transit station, making it ideal for commuters who want to Drive In. The estimated investment required to open a Jiffy Lube Franchise is between $207,000-$422,650. According to Entrepreneur Magazine, initial investment to set up a Jiffy Lube as a franchisee starts at $207,000 and can go up to $422,650. Great job!" Valvoline Instant Oil Change has a franchise fee of up to $30,000, with a total initial investment range of $181,000 to $331,900. At that point you will be stranded. There are about 2,000 Jiffy Lube franchises in North America, all of them independently owned by 252 operators, with about 24 million customers each year as of 2002. If your alternator or battery needs to be . Contact us today to learn more about franchisee opportunities. Bhangal says he shelled out about $750,000 per location, including franchise costs of about $188,000 to $325,000 per site, according to the Jiffy Lube website. Jiffy Lube Franchise Costs Examined on Top Franchise Blog HOUSTON, April 18, 2019 // PRNewswire // - Jiffy Lube International, Inc. recently recognized The Foster Group, Inc. as . While the franchise fee only $10,000 - $35,000, the total investment for a Jiffy Lube franchise runs about $196,500 - $331,500. Jiffy Lube Oil Change Prices. The average hourly wage for an Courtesy Technician / Quick Lube at companies like JIFFY LUBE in the United States is $23 as of November 29, 2021, but the range typically falls between $19 and $26. How much can you make owning a Jiffy Lube? About Jiffy Lube | Jiffy Lube Starting a Jiffy Lube franchise generally costs between $220,000 and $400,000, excluding real estate costs. They took me in did the job charge me a reasonable fee volunteered coupons and sent me on my way. October 14, 2015. Jiffy Lube is an American service company and a subsidiary of Shell Oil, consisting of over 2,000 businesses in the US and Canada. According to the franchise information group, Franchise City, a Chick-fil-A operator today can expect to earn an average of around $200,000 a year. An industry leader, Jiffy Lube continues to grow its footprint of over 2,000 locations across the US and Canada by adding new service centers and welcoming qualified candidates to join the proven franchise system. Oil Change Mississauga Thomas Street | Jiffy Lube Ontario What Does a Grease Monkey Franchise Cost? Is it a good investment? At Jiffy Lube, we are only as successful as our franchisees. The Scoop on Jiffy Lube Oil Changes | YourMechanic Advice The first Jiffy Lube store was established on 36th Street in Ogden, Utah by Edwin H. Washburn as early as 1971. Franchise Opportunities | Jiffy Lube - Join the #1 Become part of the #1 quick lube chain in the nation. They will not change the automatic transmission filter, a key part of the flush, but which also violates the corporate 15-minute service rule. For those who aren't familiar with the concept, here's a quick recap: McDonald's is a franchise, and so is Subway, Jiffy Lube, Supercutsthe list runs into the thousands. They are always quick and efficient. Jiffy Lube Franchise Cost & Requirements | Jiffy Lube 17 reviews of Jiffy Lube "There is a great turnaround at this Jiffy Lube location. Franchise Description: The franchisor is Jiffy Lube International, Inc., a wholly owned subsidiary of Pennzoil-Quaker State Company (dba SOPUS Products).SOPUS Products is a wholly owned subsidiary of parent company, Shell Oil Company, and Shell is a wholly owned subsidiary of Shell . A hour later my oil pressure dropped to zero and my engine blew. Burlington's Oil Change Experts. As a franchisee, you benefit from national advertising, field support, proprietary point of sale system and an award-winning training program. Answer: Has anyone ever bought an old Jiffy Lube type garage building, and how much was it? Thus we can divide $20,000 (average total royalty payment) by 5% (20,000 / 0.05) to find that average gross sales per franchise unit equals $400,000. Isom came to franchising with a background in the automotive industry, where he worked as the . Jiffy Lube Price List 2021. Franchise owners must have a net worth of nearly half a million dollars, with $150,000 of that in liquid assets. Multiple franchise opportunities can help you corner the local market and provide assistance for your initial growing pains. The average Jiffy Lube salary ranges from approximately $24,414 per year for a Service Technician to $99,470 per year for a Regional Manager.The average Jiffy Lube hourly pay ranges from approximately $11 per hour for a Customer Service Advisor to $29 per hour for a Store Manager.Jiffy Lube employees rate the overall compensation and benefits package 2.7/5 stars. It's expensive to run a Jiffy Lube franchise. April 30, 2012. Can AAA replace an alternator? Only 34 percent of all food franchise owners earned more than $100,000 last year - and many earned much less. "My wife and I are pretty environmentally . 50% off (1 days ago) Jiffy Lube Radiator Flush Coupon Okc. The priced quoted by phone is the same regardless of vehicle make and model (in this case, a Nissan Altima and Ford F-150). Jiffy Lube's $100 automatic transmission flush , done by entry-level people, is incomplete. I have had several conversations with him and he was a mechanic for a local dealer for years before opening the jiffy lube. ), and, in some instances, Pennzoil or . 'Your engine oil is low' The cars always had plenty of oil. Valvoline has the franchise fee of up to $30,000, with total initial investment range of $174,500 - $2,523,500. Answer (1 of 3): Fron when I worked at a jiffy lube as an AM two years ago, the whole industry wasnt exactly booming. Franchisee members will be able to take advantage of the same . These are the basic terms that you must agree upon once signing your contract. Jiffy Lube changed owners in 1979 They will not change the automatic transmission filter, a key part of the flush , but which also violates the corporate 15-minute service rule. Jiffy Lube Signature Service Conventional oil change. That isn't to say that waste wasn't a big deal to Anderson and his wife, Niki Leffingwell, who co-own the franchise. The man charged with continuing this dominance is Chris Dykes, Jiffy Lube's Director of Network Development. Year Business Began: 1979 Franchising Since: 1979 Headquarters: Houston, Texas Estimated Number of Units: 2,105. From starting a new career, converting your business or diversifying your portfolio, Jiffy Lube offers a variety of ways to invest in your future to reach your goals. Drive On. Since 1981, Jiffy Lube has been helping individuals realize their dreams of owning a business. Jiffy Lube of Indiana, Indiana Owned's charter franchisee member, is an employer of more than 400 team members across the state. There are approximately 2,000 Jiffy Lube open for business an they are owned by 252 operators. The average Jiffy Lube Salary for Owner Franchisees is $44,424 per year. An ongoing royalty fee of 4% is also applied to all sales. After that upstart fee, the franchise owner has to pay Jiffy Lube an ongoing royalty fee of 3-4% and an ad royalty fee of 4%. The estimated investment required to open a Tilden Car Care Franchise is between $131,500-$171,200. Jiffy Lube has franchised locations throughout the U.S. and Canada. I feel confident they are not ripping me off and that they only tell me I need stuff replaced/serviced when it's necessary. If your market can support the demand for additional bays, your operational income can rise dramatically above the average if your schedule is filled with . I too my Durango into Jiffy Lube for an oil change. Working 40 hours a week, 50 weeks a year the business would bring in a revenue of $200,000. Kids come by all the time to get their bike tires inflated and it says a lot to me to see the . The cost of starting a Jiffy Lube depends on the economy, costs of construction, permitting costs, and materials costs in your area. 1 radiator damaged by the excess pressure. Average Jiffy Lube hourly pay ranges from approximately $8.00 per hour for Manager On Duty to $17.89 per hour for Customer Service Manager. After that upstart fee, the franchise owner has to pay Jiffy Lube an ongoing royalty fee of 3-4% and an ad royalty fee of 4%. Needless to say, they have a history, and with such volume, experience, a solid reputation, and plenty of car services to offer, they are most definitely capable of servicing your BMW without the need for you to worry about anything. Jiffy Lube was founded in 1979 when it introduced the first drive-through service bay, making it easier for customers to get their oil changed quickly. Section III - Initial franchise fee, royalty fee, marketing fee, and other fees for a Jiffy Lube franchise, based on Items 5 and 6 of the company's 2018 FDD Section IV - Number of franchised and company-owned Jiffy Lube outlets at the start of the year and the end of the year for 2015, 2016, and 2017, based on Item 20 of the company's . Today we are covering the Jiffy Lube franchise. If you qualify with their requirements, you will have to pay $35,000 for the Jiffy Lube franchise startup fee. Most fast food companies don't make it widely known just how much their franchise owners earn a year, but that doesn't mean it's not possible to get a pretty good idea. Steve Isom is the executive vice president for Stonebriar Auto Services, LLC and a multi-unit Jiffy Lube franchisee focused on building Jiffy Lube Multicare locations across the country from the ground up. Lube technicians with more experience or in areas with a higher cost of living can earn up to $29 per hour. Ahmed, owner of the 1221 Guelph Line Jiffy Lube location, notices that everywhere he goes in this city there is always someone ready to greet him with a smile. But it's all about location. As a franchisee, you benefit from national advertising, field support, proprietary point of sale system and an award-winning training program. ADMIN complain to jiffy lube, JIFFY LUBE Complaint, jiffy lube dispute, jiffy lube franchise information, jiffy lube franchise own a jiffy lube, jiffy lube fraud, jiffy lube lawsuits, JIFFY LUBE oil change, jiffy lube rip-off, jiffy lube ripoff, jiffy lube scam, jiffy lube sucks. Overview [edit]. The price depends on many factors. Net-worth Requirement: $450,000. How much does brake pad replacement cost at Jiffy Lube in Nashville? Type of oil. Asking $425k goodwill + $225K franchisee fee . AVERAGE OPERATING INCOME PER STORE $282,067* While many other retailers have experienced declines in this incredibly challenging economic environment, the Valvoline Instant Oil Change still remains one of the most profitable franchises. Initial fees include a development fee of $10,000 and a franchise fee of $12,500. An ongoing royalty fee of 4% is also applied to all sales. COVID update: Jiffy Lube has updated their hours and services. According to Entrepreneur Magazine, initial investment to set up a Jiffy Lube as a franchisee starts at $207,000 and can go up to $422,650. I prefer a Lube Shop over the dealer, when needing the more simpler repairs / replacements that Lube Shops supply. Jiffy Lube offers a secure, proven business model. 193 reviews of Jiffy Lube "This is the only Jiffy Lube I will take my car to. Name of Fee Low High Initial Franchise Fee $0 $35,000 Conversion Fee $17,500 $17,500 First Month's Rent and Security Deposit $16,000 $17,500 Jiffy Lube - Franchise. 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. An industry leader, Jiffy Lube continues to grow its footprint of over 2,000 locations across the US and Canada by adding new service centers and welcoming qualified candidates to join the proven franchise system. After beginning his career as a market development analyst at Shell Oil Company, Jiffy Lube's parent company, Dykes made the move to the auto service giant. Jiffy Lube has the most locations in the United States for the quick lube industry, with over 1,900 facilities as of February 2017. How much does an Courtesy Technician / Quick Lube make hourly at companies like JIFFY LUBE in the United States? There is an initial franchise fee of $25,000 which grants you the license to run a business under the Tilden Car Care name. Jiffy Lube Mississauga (Thomas) Car enthusiasts and commuters unite! (Statista) #21. Calculate the start-up costs. Big campuses like here for instance, OSU. 1. I am from out of town and needed a quick oil change. 50% off (27 days ago) Jiffy Lube Radiator Flush Coupon. Jiffy Lube requires a 20-year agreement term with a $10,000 initial franchise fee. The Jiffy Lube business model operates through the franchise system and some operators open several different locations under their franchise. Here is the breakdown of the total cost: Initial Franchise Fee - This is the first and foremost cost you will have to make. According to Entrepreneur Magazine, initial investment to set up a Jiffy Lube as a franchisee starts at $207,000 and can go up to $422,650. Theyve changed all the fluids in my 3 vehicles for the last several years without a problem. History. He negotiated the price down to $40-something/sqft for the whole property which was the 1750 sqft building plus the 0.22 acre lot. I didn't personally buy it, a client of mine did. Jiffy Lube was ranked number 1 on the National Oil and Lube News in 2011 for being "Tops" in the lube industry. Most fast food companies don't make it widely known just how much their franchise owners earn a year, but that doesn't mean it's not possible to get a pretty good idea. Income While the franchise fee only $10,000 - $35,000, the total investment for a Jiffy Lube franchise runs about $196,500 - $331,500. This listing is expired. Franchise owners must have a net worth of nearly half a million dollars, with $150,000 of that in liquid assets. Own a Jiffy Lube Franchise. You can get the best discount of up to 50% off. And with more Americans driving their cars longer and further, this is an excellent turnover rate for oil change franchises. Wingstop makes it relatively painless to buy a franchise. Western Mississauga's Oil Change Experts. Monthly royalty fee will be reduced by 1% on all tire rubber revenue for Jiffy Lube Multicare service centers under the Jiffy Lube Multicare Franchise Agreement Addendum. These are the basic terms that you must agree upon once signing your contract. How much profit can an Oil Change Business make? The average Jiffy Lube salary ranges from approximately $18,791 per year for Automotive Detailer to $142,017 per year for Regional Vice President. Franchise Owns and Operates Seven Service Centers in Western Montana. Jiffy Lube has the franchise fee of up to $35,000, with total initial investment range of $234,000 to $372,650. According to National Oil & Lube, the average car owner takes their car in for servicing and oil change every 4,858 miles. About Us Team Car Care. Take the worry out of forging ahead on your own by having a support team behind you. Training, resources and national advertising make it easier to be a franchisee. The initial cost of a franchise includes several fees -- Unlock this franchise to better understand the costs such as training and territory fees. 1. Jiffy Lube Int'l. Inc. was acquired by Pennzoil-Quaker State Co. in the 1990s, which was then acquired by Shell Oil Company in 2002. Jiffy Lube Radiator Flush Coupon Okc. Team Car Care, dba Jiffy Lube, the largest franchisee of quick lube retail service stores in the country. And not nearly as much profit. Jiffy Lube services offer a variety of automotive services including air filtration, air conditioning, cooling system, engine and more, and the company headquarters is currently in Houston, Texas. Operating over 520 Jiffy Lube locations from coast to coast and serving nearly 5 million guests each year with more than 5,000 professional teammates, Team Car Care strives to provide a WOW experience for every valued guest on every visit. Jiffy Lube estimates that start-up inventory for a Jiffy Lube service center costs between $20,000 and $30,000. Mr. Bhangal's silver lining is a . To buy a franchise with Grease Monkey, you'll need to have at least $50,000 in liquid capital and a minimum net worth of $300,000.Franchisees can expect to make a total investment of $250,000 - $300,000.They also offer financing via 3rd party as well as a discount for veterans. Notably, men tend to make more than women, in fact, they make 34 percent more, on average. The Jiffy Lube technician can diagnostic the alternator failure and replace it with a new one. Their pricing structure is similar to Wal Mart's in that their basic oil changes start between $20 and $30 and range up to around $75, all of which depends on the region and oil change selected. Upon taking over a Jiffy Lube franchise in Montana, Briggs Anderson says that managing waste oil wasn't a "stated goal" of his enterprise. I had the truck towed to Jiffy Lube and they found the oil plug halfway out and there was barely any oil in the truck. The break down of these estimated costs can be found in Item 7 of the Jiffy Lube Franchise Disclosure Document. Makes money. Jiffy Lube Burlington (Guelph Line) Home to Canada's Largest Ribfest, Burlington is a community of friendly, welcoming people. Here are some other suggestions in the same category that you . Valvoline Instant Oil Change locations number more than 1,000, as do Pennzoil 10-Minute Oil Change locations. Jiffy Lube franchise cost can run around $220,000 up to $400,000 or more. Learn more now! 50% off (1 days ago) Radiator Flush Coupon Jiffy Lube can offer you many choices to save money thanks to 22 active results. JIFFY LUBE Consumer Complaints. Jiffy Lube is a leading provider of automotive preventive maintenance. The average salary for all lube technicians is about $15 per hour. I haven't bought a new vehicle since 2004 - not until last year and again this year. Richer areas will. Now, there are more than 2,000 franchise. Of course, past performance is no guarantee of future success, but we do believe it demonstrates that the VIOC business model works - in good times and bad. Hourly Wage for JIFFY LUBE Courtesy Technician / Quick Lube Salary in the United States . How much does Jiffy Lube franchise cost? $27.98 ($44.99 value) High-mileage or Synthetic blend. So we have the brand new Disclosure Document. Many calls for roadside assistance have to do with the battery or alternator. 9:17 AM 06/14/21 Franchisee Spotlight. Jiffy Lube didn't just pioneer the quick lube industry; with more than 2,000 locations worldwide, it dominates it. My local jiffy lube does a pretty good job and the owner is usually there. After that upstart fee, the franchise owner has to pay Jiffy Lube an ongoing royalty fee of 3-4% and an ad royalty fee of 4%. Jiffy Lube franchisee experienced the evolution of the fast-lube shop. It's expensive to run a Jiffy Lube franchise. Jiffy Lube Franchise Costs & Fees. Why is Jiffy Lube expensive? Over the years, I've seen major changes in the automotive industry and among ancillary service providers. owner is old and . How much does a lube job cost? Price with coupon. How much does transmission flush cost at Jiffy Lube (3 days ago) Jiffy Lube's $100 automatic transmission flush, done by entry-level people, is incomplete. Liquid Cash Requirement: $150,000. Here are 14 outrageous scams and lies pulled on customers and investigators at Jiffy Lube over the years. Making the Most From Used Motor Oil. To own a Wingstop franchise, you must have a minimum net worth of $400,000 per restaurant, as of 2015, half of which must be liquid. Jiffy Lube International is 100 percent franchise-owned. So car owners who need an oil change or basic repairs might want to think twice about pulling into their local quick-lube franchise and asking for a few quarts of Pennzoil. At least most Lube Shops offer the opportunity to watch the job being done. However, you also have to have a required liquid capital of at least $150,000. With a national footprint of more than 2,000 franchisee owned service centers across the country, Jiffy Lube offers a range of services from oil changes and tire rotations, to everything in between. I worked in a suburb mainly of the major city. Other costs vary from franchise to franchise: on the low end, furniture . Now an area franchise representative for Jiffy Lube, I've been in the fast-lube shop business since its earliest days in the late 1970s. With many oil franchises bringing in nearly $250,000 a year, as the owner, it is possible to see a net profit of $75,000 to $80,000 a year. The company also serves car dealers, general repair shops, and third-party quick lube locations. As far as the total investment goes, you will be shelling out anywhere between $219,000 and $400,000. Initial investments: $234,000 - $372,650. How much does Jiffy Lube franchise cost? According to the franchise information group, Franchise City, a Chick-fil-A operator today can expect to earn an average of around $200,000 a year. For that reason alone, I do not trust dealership service areas. Jiffy Lube seems to be everywhere that you go. #20. !Stable over 20 years in operation.Owner has owned since 2008 and has been a 711 franchisee since 1989, owning multiple locations. = $650,000 total 711 will finances $150,000 from franchise fee.Buyer Cash needed = $500,000One of the busiest 7-Eleven stores in the Orlando area!! < /a > my local Jiffy Lube franchise is between $ 207,000- $ 422,650 owning multiple locations about! 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