Jiffy Lube - Franchise Review

Quaker State Oil Change Locations - Jiffy Lube - Franchise Review.
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Over the last 30 years, Jiffy Lube has emerged as one of the leading automobile oil changing companies of the world. Since its establishment in 1979, it has acquired more than 2000 centers in the US and Canada and serve over 24 million customers annually. A team of twenty thousand highly trained technicians operate these 2000 centers. In addition to oil change, it offers automobile maintenance. These services include maintenance of fuel system, transmission, air conditioning and electrical systems. The company is a subsidiary of Shell Oil Company. It has its headquarters in Houston, Texas.

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This oil change company has the distinction of being the largest franchised network in the auto lube market and therefore serves as one of the best opportunities for people interested in this genre. It appeared in the top 200 franchised chains worldwide in 2009, according to Franchise Time. All the outlets of Jiffy Oil are franchises and it has been franchising since the early 80s. It is eager to expand its presence beyond its current locations. This is why it openly welcomes business-minded people to open its franchises. All they require, besides investment requirements, are strong interpersonal skills and ability to motivate staff and manage them well. This company has turned many people's dreams of being a business owner into reality.

Jiffy Lube provides state of the art technical training to its employees. In order to maintain the world class standard of the company, every technician has to undertake its training program at the headquarters. The training is comprised of a variety of skill developing stages ranging from computer-aided education to hands-on practice with tools and equipment. The technical support is not just limited to training in Houston; the company also extends support at the franchise locations in order to maintain high standards of service. The logic behind this extensive training is to build a credible relationship with the customer.

To start a Jiffy Lube franchise, the capital requirement is 0,000. The company also requires a net worth of 0,000 to ensure proper operation of the franchise. The franchise fee varies from ,000 to ,000 depending on the size of set up and types of services provided at the location. Including all the expenditures, the total investment required for a franchise ranges between 4,000 and 3,000. There is a royalty fee of 4% charged on gross income from the business.

Jiffy Lube, the pioneer of quick oil change, always conforms to the highest standards of service in automobile oil change and maintenance. This vision of the company has earned it an unassailable reputation and market value among its competitors. If you wish to become a part of the leading oil change and maintenance company in North America, the company will provide you every guidance and training to make your business flourish.

When looking to start any business it is important, particularly considering today's market, that you look for specific ways to cut minimize or reduce overhead and risk. Any business is going to have risk, but it is important to have a full understanding of the amount of investment, startup cost and "ROI" (Return on Investment).

Did you know that 80% of ALL franchise endeavors fail in the first two to five years leaving large debts looming for years thereafter?

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