As a Jiffy Lube franchisee, you will operate a convenient lubrication, oil change and light repair business for cars and light trucks using the trade name “Jiffy Lube.”
Company Background
Jiffy Lube is the world's leading quick-lube company. Jiffy Lube has over 2,500 franchised and company-owned stores in North America, Europe, Asia Pacific and Latin America. Our mission is to provide excellent customer service through quality products and fast services that exceed our customers' expectations.
Franchise Opportunity
Owning and operating a Jiffy Lube franchise can be a very profitable business, but it's important to understand the legal requirements before making any decisions. There are many things to consider when owning a business, and making sure you are fully aware of the legal requirements is critical. This disclosure document will help you understand the legal obligations of owning and operating a Jiffy Lube franchise. It is an essential resource for anyone considering this business opportunity.
Corporate Structure
Jiffy Lube International, Inc is a corporation organized under the laws of the State of Delaware. Their principal business address is 150 N. Dairy Ashford, Houston, Texas 77079. They have offered franchises since 1979. Jiffy Lube International, Inc is a wholly owned subsidiary of Pennzoil-Quaker State Company dba”SOPUS Products”.
Earnings Transparency
7 /10
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
This franchise's rate of attrition in 2023
of 0.00%
was
Lower
than the 9% 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
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Type
Investment
Fees
Employee Contact Database
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Name
Position
Phone Number
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Franchise Disclosure Documents
FDD
Effective Date
Distribution of Jiffy Lube Franchisees
Jiffy Lube Franchise System Development in 2021
FAQ
How much investment do I need to start my own Jiffy Lube business?
Franchisees typically require at least
$221,997 to
$537,888 investment to get their
Jiffy Lube business started
What are the initial franchise fees for Jiffy Lube?
Franchisees typically need to pay at least
$35,000 in fees directly to
Jiffy Lube in order to earn the right to launch their business
How much money can I make with a Jiffy Lube franchise? What are
the average revenues for a typical Jiffy Lube business?
We estimate that the average revenue of an individual
Jiffy Lube unit is approximately
$1,008,618. We based this on Item 19 in franchise disclosure
document
How long do I need to commit to running a Jiffy Lube unit? What
is my contractual commitment?
Jiffy Lube franchisees are typically required to sign up to a
20 year contract initially. The renewal length
is 10 years. You can of course exit early but
don’t expect to get any refund!
Accessibility
6 /10
The Franchisor's investment costs ranges from
$221,997 to $537,888
which is
Much Lower
than the $541,373 to $2,403,194 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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