- 2024 Franchise 500 Rank
-
#423 Not ranked last year
- Initial investment
-
$218K - $1.9M
- Units as of 2023
-
175 929.4% over 3 years
Strickland Brothers 10 Minute Oil Change started with a mission to provide the highest levels of service to all customers. In an industry that may tend to receive bad marks from customers, Strickland Brothers 10 Minute Oil Change believes it is changing everything by being friendly, dependable, and affordable.
Founded in 2016, Strickland Brothers 10 Minute Oil Change is named after two brothers whose pictures can be found in most every location. The focus on the family may have positioned Strickland Brothers 10 Minute Oil Change as a business dedicated to keeping families happy by ensuring that vehicles run in tip-top shape. Services offered by the brand include drive-thru oil changes, tire rotations, vehicle inspection, and efficient fleet services.
Why You May Want To Start a Strickland Brothers 10 Minute Oil Change Franchise
Customers may choose Strickland Brothers 10 Minute Oil change for its quality services, fair pricing, convenience, and excellent treatment. An ideal franchisee is committed to improving their community by upholding ethics and maintaining the high quality that Strickland Brothers 10 Minute Oil Change wishes to be known for. Of course, a passion for cars and fixing them is an added advantage that enhances customer and company goals alike.
What Might Make a Strickland Brothers 10 Minute Oil Change Franchise a Good Choice?
The automotive repair and maintenance services industry may always be in demand, possibly making Strickland Brothers 10 Minute Oil Change a fitting franchise opportunity. At Strickland Brothers 10 Minute Oil Change, preventative maintenance to keep vehicles running as they should is a specialty they are prepared to handle.
Strickland Brothers 10 Minute Oil Change;s signature 10-minute oil change is its most popular offering, making drive-thru maintenance an easy feat. As a franchisee, you may be able to expect to transform your hometown by meeting customer expectations with honest and accommodating services that make a difference.
Opening a Strickland Brothers 10 Minute Oil Change franchise may offer a more predictable outcome than investing in a completely new brand that could struggle to thrive in an already crowded and competitive industry.
How To Open a Strickland Brothers 10 Minute Oil Change Franchise
To be part of the Strickland Brothers 10 Minute Oil Change team, you should make sure you’re financially ready for an initial investment made up of a franchise fee and other startup costs. In addition, 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.
Strickland Brothers 10 Minute Oil Change doesn’t look at franchisees as investors, but as a family. To support franchisees, Strickland Brothers 10 Minute Oil Change has developed a simple and scalable business model and training that prepares them for the market.
As you decide if opening a Strickland Brothers 10 Minute Oil Change franchise is the right move for you, make sure you take time to explore the opportunity. Research the brand and your local area to see if a Strickland Brothers 10 Minute Oil Change franchise would do well in your community. While competition is healthy, too much of it may not allow for the most possible growth.
Company Overview
About Strickland Brothers 10 Minute Oil Change
| Industry | Automotive |
|---|---|
| Related Categories | Oil-Change Services |
| Founded | 2016 |
| Parent Company | Strickland Brothers 10 Minute Oil Change |
| Leadership | Justin Strickland, CEO & Founder |
| Corporate Address |
301 N. Main St., #1000 Winston-Salem, NC 27101 |
| Social | Facebook, Twitter, LinkedIn, Instagram |
Business Overview
| Franchising Since | 2019 (5 years) |
|---|---|
| # of employees at HQ | 75 |
| Where seeking |
This company is offering new franchises throughout the US. |
| # of Units | 175 (as of 2023) |
|
|
|
Information for Franchisees
Here's what you need to know if you're interested in opening a Strickland Brothers 10 Minute Oil Change 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
|
$54,900 |
|---|---|
|
Initial Investment
|
$217,900 - $1,933,400 |
|
Net Worth Requirement
|
$500,000 - $5,000,000 |
|
Cash Requirement
|
$250,000 - $1,000,000 |
|
Veteran Incentives
|
$5,000 off first-unit franchise fee |
|
Royalty Fee
|
6% |
|
Ad Royalty Fee
|
2% |
|
Term of Agreement
|
15 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 | Strickland Brothers 10 Minute Oil Change has relationships with third-party sources which offer financing to cover the following: franchise fee, startup costs, equipment, inventory, accounts receivable, payroll |
|---|
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 | 65 hours |
|---|---|
| Classroom Training | 25 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? | Yes |
|---|---|
|
Can this franchise be run from home/mobile unit?
|
No |
|
Can this franchise be run part time?
|
No |
| # of employees required to run | 6-10 |
|
Are exclusive territories available?
|
Yes |
Franchise 500 Ranking History
Compare where Strickland Brothers 10 Minute Oil Change landed on this year's Franchise 500 Ranking versus previous years.
Additional Rankings
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