Grease Monkey
Auto & Travel AutomotiveCompany Information
Address
5575 DTC Parkway, Suite 100
Website
Tel
Email
Franchimp Summary Rating
Higher than 70% of peers
Higher than 80% of peers
Franchise Summary
Description
Grease Monkey businesses provide oil changes and preventive maintenance services for cars and trucks to the general public. Grease Monkey franchisees may also operate a Monkey Shine car wash facility which provide car wash services to the general public.
Company Background
System7 Franchising is an entrepreneur-driven franchise system that assists clients in the creation of new franchise systems.
Franchise Opportunity
Owning and operating a franchise can be a very lucrative business venture, but it's also important to choose the right franchise. With so many franchises to choose from, it can be hard to know which one is the right fit for you. System7 Franchising is a service business that assists clients in the creation of new franchise systems. We have been in business for over 25 years and have helped over 1,000 entrepreneurs start their own businesses. As a System7 Franchising franchisee, you will have access to our extensive knowledge and resources, including our proven system for success.
Corporate Structure
Grease Monkey Franchising, LLC is a Colorado limited liability company formed on January 3, 2006. Their principal business address is 5575 DTC Parkway, Suite 100, Greenwood Village, Colorado 80111. They began offering franchises for Grease Monkey Businesses in 2006.
Royalties and Marketing Fees
Royalties : 5.0% of revenue
Earnings Transparency
This Franchise discloses slightly more information about the financial performance of their franchisees compared to other franchises in the same industry
Why do some franchises disclose more than others?
There are many reasons why a brand may choose to not include item 19 on their FDD: they could be a newer franchise, they may be in a unique industry that is not super profitable or well-known yet
Financial Performance of "Standard" Units
Average Revenue Per Unit
Compared vs. Automotive Industry$728,215 / unit
Franchise Type: Standard
Average Revenue During 2020
Average Gross Profit Per Unit
Compared vs. Automotive Industry$286,027 / unit
Franchise Type: Standard
Average Gross Profit During 2020
Franchisee Attrition
This franchise's rate of attrition in 2021
of 5.91%
was
Slightly Higher
than the 5% in the Automotive industry. Generally speaking, a higher rate of attrition represents a less stable franchise system and a lower rate of attrition indicates a more successful system
What's Included in franchise attrition?
We define the franchisee attrition rate as the sum of terminations, re-acquisitions by
franchisor, non-renewals, and ceased operations, divided by the number of outlest at the start of the year.
It is a strong indicator of the strength of the underlying operating model
Franchise Types Available
| # | Type | Investment | Fees |
|---|
Distribution of Grease Monkey Franchisees
Grease Monkey Franchise System Development in 2024
FAQ
How much investment do I need to start my own Grease Monkey business?
Franchisees typically require at least $291,320 to $1,972,033 investment to get their Grease Monkey business started
What are the initial franchise fees for Grease Monkey?
Franchisees typically need to pay at least $30,000 in fees directly to Grease Monkey in order to earn the right to launch their business
How much money can I make with a Grease Monkey franchise? What are
the average revenues for a typical Grease Monkey business?
We estimate that the average revenue of an individual
Grease Monkey unit is approximately
$728,215. We based this on Item 19 in franchise disclosure
document
How long do I need to commit to running a Grease Monkey unit? What
is my contractual commitment?
Grease Monkey franchisees are typically required to sign up to a
15 year contract initially. The renewal length
is 15 years. You can of course exit early but
don’t expect to get any refund!
Accessibility
The Franchisor's investment costs ranges from
$291,320 to $1,972,033
which is
Much Higher
than the $0 to $0 average in the Automotive industry
What determines the investment cost?
Item 7 of the Franchise Disclosure Document lays out the full list of initial investment costs, including the fee payable to the franchisor, security deposits, equipment, professional fees etc
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