View Here : Jiffy Lube Franchise Cost
Jiffy Lube can license another franchisee to open a Jiffy Lube service center or establish or operate a service center at any location outside of this three-mile ring. Franchisees won't have any rights of first refusal or similar rights to acquire a new franchise outside of the three-mile ring.
There's never been a better time to be in business with Jiffy Lube ®. Not only are we the #1 quick lube chain in the nation, we're the top choice for customers looking for an oil change service. Learn more about franchisee opportunities with Jiffy Lube ®.
While the franchise fee only $10,000 - $35,000, the total investment for a Jiffy Lube franchise runs about $196,500 - $331,500. An ongoing royalty fee of 4% is also applied to all sales. Franchise owners must have a net worth of nearly half a million dollars, with $150,000 of that in liquid assets.
Today, there are more than 2,000 franchises of Jiffy Lube in the United States alone and around 45 in Canada. But before they became a franchisee, they were required by the company to have at least $150,000 liquidated assets and $500,000 net worth.
Jiffy Lube estimates that these expenses range from about $15,000 to about $20,000 or more (depending on media costs in your market and the population of the market you are trying to reach) in addition to the advertising expenses that are required by the Franchise Agreement.
In 1991, Jiffy Lube became a subsidiary of Pennzoil and after the merger of Pennzoil and Quaker State in 1998, all 581 Q Lube stores were converted into Jiffy Lube locations. In 2002, Pennzoil-Quaker State was purchased by Shell Oil, which still owns the company and all its subsidiaries, including Jiffy Lube.
How much does it cost to open a Jiffy Lube Franchise? The investment required to open a Jiffy Lube Franchise is between $71,650-$450,000. There is an initial franchise fee of $35,000 which grants you the license to run a business under the Jiffy Lube name.
Jiffy Lube has a franchise fee of up to $35,000, with a total initial investment range of $219,000 to $400,000. Local Jiffy Lube franchise opportunities. Jiffy Lube is looking to grow in a number of cities around the country.
Calculate the start-up costs. Starting a Jiffy Lube franchise generally costs between $220,000 and $400,000, excluding real estate costs. The cost of starting a Jiffy Lube depends on the economy, costs of construction, permitting costs, and materials costs in your area.
Jiffy Lube cost are known for being affordable, but aside from that the company is recognized for being 100% franchise owned, run by more than 250 franchise entities. They are one of the companies that sets the standard for oil changes in the industry.