EXPRESS OIL CHANGE Franchising Information & Startup Cost
Express Oil Change is one of the top leaders in the oil change concept in the Southern part of the United States in terms of the number of cars serviced on a daily basis and average unit sales volume. The company’s franchise is considered as one of the most sought after in the industry and this can be attributed to the high sales the company enjoys with car users.
Now the question is how much is an Express Oil Change franchise?
FRANCHISE INFORMATION ABOUT THE COMPANY
Express Oil Change was founded in the year 1979 and they have their headquarters in Birmingham , AL. The company at the moment has about 250 locations across the Southern part of the country. While about 130 of these locations are run by the company, the rest are owned by different franchisees.
The history of the company started when Jim Lunceford heard about a business in the West Coast that offered quick oil changes. He then decided to start his company that offers this same service. He henceforth brought the concept to Alabama and thereafter opened 4 centers and started selling franchises in the year 1984.
Read: Midas Franchise Startup
IS EXPRESS OIL CHANGE A FRANCHISE?
The company can be considered to be a franchise as they sell franchise opportunities with about 55% of the locations owned by franchsiees. They also work on a highly performing franchise model. So Express Oil Change is a franchise
WHY CHOOSE EXPRESS OIL CHANGE
You have a lot of reasons to buy into this company’s franchise. apart from the fact Express Oil Change beats other players in the industry in every important business metrics, there are quite a number of other reasons to deal with the company.
The company’s business model is structured in such a way to allow their franchisees create their own future through perfect business structuring. The business model is tested and proven with clear results that can be seen in all their locations.
OTHER REASONS WHY YOU SHOULD JOING EXPRESS OIL CHANGE
- Franchisees with the company are not expected to have any previous experience.
- Training and support will be provided to franchisees to prepare them for their business ahead. As a franchisee with the company, you will not be trained to become a mechanic, you will be trained to hire mechanics to help you with the job
- The company’s signature 10 minute oil Change and safety check is done professionally by experts while the customer can relax in his car.
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HOW MUCH DOES EXPRESS OIL CHANGE FRANCHISE COST?
The Express Oil Change franchise cost is the summation of the entire investments that will be required to set up a franchise location. The initial investment needed to open a franchise unit is about $2,000,000. With a net worth requirement of about $500,000 and then a liquid cash requirement of about $350,000
EXPRESS OIL CHANGE FRANCHISE FEE
The Express Oil Change franchise fee will be considered as the payment the franchisee will make to the company for them to get the license to operate under the company’s brands. The initial franchise fee is non refundable and franchisees are mandated to renew the payment after an agree period of time.
The initial franchise fee is $35,000 with an additional royalty fee of about 5% and an ad royalty fee of about 3% of the monthly gross revenue of the franchise unit.
When you buy into the Express Oil Change franchise, you will not be expected to become an engineer or a mechanic, neither do you need to know anything about automobiles repair. The company will offer an intensive 8-week training for the new franchisees and they will be exposed to all the information they need to know about how to carry out their franchise business activities.
Trainings will incorporate both classrooms and field sessions.
WHO QUALIFIES FOR A FRANCHISE OPPORTUNITY?
If you are an individual with a strong business acumen and the zeal to work with people and motivate them to bring out the best in them, a positive attitude and then driven by a goal to excel in the future, then Express Oil Change is ready to work with you.
Express Oil Change does not provide direct financing. The company has 3rd party relationships with firms that will offer funding to assist in setting up your franchise unit.
HOW TO OPEN AN EXPRESS OIL CHANGE FRANCHISE
The information in this article has discussed all you need to know in how to open an Express Oil Change franchise. but it is important to note that you will need to apply on the company’s website to complete your application.
Once your application is received by the company, it will be reviewed and feedback will be given after some few days. If your application is considered, the company will then assign a franchise manager to you.
The work of the franchise manager will be to run additional evaluation of your eligibility to open a franchise unit of the company. He will also work with you to set up your new franchise unit.