- 2024 Franchise 500 Rank
-
#119 Ranked #99 last year
- Initial investment
-
$232K - $443K
- Units as of 2023
-
2,232 6.1% over 3 years
As an indirect, wholly-owned subsidiary of Shell Oil Company, Jiffy Lube is a well-known name in the U.S. It has over 1,900 locations nationally, with the potential to open more franchises in several designated market areas. Jiffy Lube also has a presence in Canada, where it has over 150 franchises.
Though consumers know the company for its quick oil changes, some Jiffy Lube facilities have expanded their services to cover battery and brake services. If you are in a jiffy to start your own franchise, then Jiffy Lube may be the company for you.
Why You May Want to Start a Jiffy Lube Franchise
Jiffy Lube may have different franchising options to fit your needs best. You might choose to start a new business, transfer an existing one, or own multiple locations. There may be incentives for each of these categories depending on what the company offers at that time.
With a strong network and community, growing your Jiffy Lube franchise is typically well-supported. A proprietary POS system can keep track of back-office reporting, and access to Jiffy Lube Connect might update you with the latest company insights. As a franchisee, you generally connect with top vendors and attend conventions and trade shows, sharing secrets to success and networking with the right people.
You might also receive corporate training through Jiffy Lube University. This automotive service is conducted both on-site and online. You may earn over two dozen credit hours with Jiffy Lube University through the American Council on Education.
What Might Make a Jiffy Lube Franchise a Good Choice?
Jiffy Lube is a well-known name in the industry. If you become a franchisee, you may not have to go searching for customers. Jiffy Lube’s national name and marketing campaigns may reach consumers through social media, television, and radio broadcast. Not only that, you may receive marketing statistics on how better to market your franchise location for your local market.
If you want to become a franchisee, you don’t necessarily need a background in the automotive industry. A desire to keep cars running, customers happy, and business background will help with day-to-day operations.
To be part of the Jiffy Lube team, you should make sure you’re financially ready for an initial investment made up of a franchise fee and other startup costs. You should prepare yourself for ongoing fees that will include advertising, royalty, and potential renewal fees. Franchisees will also need to meet the company's set net worth and liquid capital requirements.
How Do You Start a Jiffy Lube Franchise?
Requesting more franchise information may trigger a member of the franchise development team to conduct a pre-qualification screening. If you meet the financial requirements and pass a background and credit check, you generally move forward to fill out an official application.
As you progress, a recruitment manager might interview you; this is also your chance to ask any questions you may have. If you make it past the interview, you typically attend a discovery day event at company headquarters in Houston, Texas, where you may meet the Jiffy Lube executive team. Jiffy Lube may connect you with a business development manager, and once you have selected your ideal site, you generally sign your franchise agreement.
Rev your engines and get ready for that grand opening!
Company Overview
About Jiffy Lube
| Industry | Automotive |
|---|---|
| Related Categories | Oil-Change Services, Automotive Repair & Maintenance Services |
| Founded | 1979 |
| Parent Company | Shell USA |
| Leadership | Luke Byerly, President |
| Corporate Address |
150 N. Dairy Ashford Rd., Bldg. F Houston, TX 77079 |
| Social | Facebook, Twitter, LinkedIn, Instagram, YouTube |
Business Overview
| Franchising Since | 1979 (45 years) |
|---|---|
| # of employees at HQ | 115 |
| Where seeking |
This company is offering new franchises throughout the US. This company is offering new franchises in the following international regions: Canada |
| # of Units | 2,232 (as of 2023) |
|
|
|
Information for Franchisees
Here's what you need to know if you're interested in opening a Jiffy Lube franchise.
Financial Requirements & Ongoing Fees
Here's what you can expect to spend to start the business and what ongoing fees the franchisor charges throughout the life of the business.
|
Initial Franchise Fee
|
$17,500 - $35,000 |
|---|---|
|
Initial Investment
|
$232,000 - $442,650 |
|
Net Worth Requirement
|
$500,000 |
|
Cash Requirement
|
$250,000 |
|
Veteran Incentives
|
Franchise fee waived |
|
Royalty Fee
|
3%-4% |
|
Ad Royalty Fee
|
4% |
|
Term of Agreement
|
20 years |
| Is franchise term renewable? | Yes |
Financing Options
Some franchisors offer in-house financing, while others have relationships with third-party financing sources to which they refer qualified franchisees.
| Third Party Financing | Jiffy Lube has relationships with third-party sources which offer financing to cover the following: franchise fee, startup costs, equipment |
|---|
Training & Support Offered
Franchisors offer initial training programs and a variety of ongoing support options to help franchisees run their businesses.
| On-The-Job Training | 40 hours |
|---|---|
| Classroom Training | 120 hours |
| Ongoing Support |
Purchasing Co-ops
Newsletter
Meetings & Conventions
Toll-Free Line
Grand Opening
Online Support
Security & Safety Procedures
Lease Negotiation
Field Operations
Site Selection
Proprietary Software
Franchisee Intranet Platform
|
| Marketing Support |
Co-op Advertising
Ad Templates
National Media
Regional Advertising
Social Media
SEO
Website Development
Email Marketing
Loyalty Program/App
|
Operations
Additional details about running this franchise.
| Is absentee ownership allowed? | No |
|---|---|
|
Can this franchise be run from home/mobile unit?
|
No |
|
Can this franchise be run part time?
|
No |
| # of employees required to run | 10 |
|
Are exclusive territories available?
|
No |
Franchise 500 Ranking History
Compare where Jiffy Lube landed on this year's Franchise 500 Ranking versus previous years.
Additional Rankings
Curious to know where Jiffy Lube ranked on other franchise lists? Find out below.
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