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Express Oil Change

2014 Franchise 500
#241
At a Glance

Products & Services: Oil changes, brakes, tire services, tune-ups

Number of Locations: 194

Total Investment: $1.4M - $1.9M

Founded: 1979

Began Franchising: 1983

About Express Oil Change

Former gas station manager Jim Lunceford founded Express Oil Change in 1979 after hearing about a West Coast business that offered quick oil changes. Lunceford brought the concept to Alabama, opened four centers and began franchising in 1984.

In 1996, franchisees Joe Watson and Ricky Brooks purchased Express Oil Change from Lunceford and began expanding the company into Florida, Mississippi, Tennessee, Georgia and the Carolinas. Two years later, the company purchased Tune-Up Clinics, a 28-store chain based in Atlanta. Twenty-five Tune-Up Clinic locations became Express Oil Change centers after the purchase.

Franchise Units

Year U.S. Canadian International Company Owned
2013 109 0 0 85
2012 118 0 0 74
2011 99 0 0 74
2010 100 0 0 74
Where Seeking Franchisees: Franchisor is seeking new franchise units in the following states:
Alabama, Florida, Georgia, Louisiana, Mississippi, Midwest, North Carolina, Northeast, South, South Carolina, Southeast, Southwest, Tennessee, Texas, West.
Direct Capital

Startup Costs, Ongoing Fees and Financing

Total Investment: $1,400,500 - $1,883,500
Franchise Fee: $35,000
Ongoing Royalty Fee: 5%
Term of Franchise Agreement: 10 years, renewable
Financial Requirements
Net Worth: $500,000
Liquid Cash Available: $300,000 - $350,000
Operations
85% of all franchisees own more than one unit. Number of employees needed to run franchised unit: 6 - 8. Absentee ownership of franchise is allowed. (92% of current franchisees are owner/operators).
Direct Capital
Financing Type In-House Third Party
Franchise Fee
Startup Costs
Equipment
Inventory
Accounts Receivable
Payroll

How This Franchise Supports Franchisees

Training: Available at headquarters: 2 days. At franchisee's location: Varies. At training centers : 4-8 weeks.
Ongoing Support: Newsletter, Meetings, Toll-free phone line, Grand opening, Internet, Security/safety procedures, Field operations/evaluations, Purchasing cooperatives, Lease Negotiation
Marketing Support: Co-op advertising, Ad slicks, Regional advertising,

Franchise Ranking History

Franchise 500®: #241 (2014), #197 (2013), #234 (2012), #473 (2011), #487 (2010),

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