Jiffy Lube Int'l. Inc.

#15

At a Glance

Products & Services: Fast oil change

Number of Locations: 1,984

Total Investment: $196.5K - 331.5K

Founded: 1979

Began Franchising: 1979

Public Owned

About Jiffy Lube Int'l. Inc.

The decline of full-service gas stations in the 1970s left many consumers without their traditional sources for oil changes. Jiffy Lube began under Jim Hindman in 1979 as an association of seven fast-lube centers in the Western United States. Jiffy Lube Int'l. Inc. was acquired by Pennzoil-Quaker State Co. in the 1990s, which was then acquired by Shell Oil Company in 2002. Jiffy Lube has franchised locations throughout the U.S. and Canada.

Franchise Units

Year	U.S.	Canadian	International	Company Owned
2011	1,940	44	0	0
2010	1,966	45	0	0
2009	1,989	45	0	0
2008	1,964	37	0	82

Where Seeking Franchisees: Franchisor is seeking new franchise units throughout the U.S. and Canada.

Startup Costs, Ongoing Fees and Financing

Total Investment: $196,500 - $331,500
Franchise Fee: $10,000 - $35,000
Ongoing Royalty Fee: 4%
Term of Franchise Agreement: 20 years, renewable

Financial Requirements

Net Worth: $450,000
Liquid Cash Available: $150,000

Operations

80% of all franchisees own more than one unit. Number of employees needed to run franchised unit: 10. Absentee ownership of franchise is allowed. (90% of current franchisees are owner/operators).

Financing Type	In-House	Third Party
Franchise Fee
Startup Costs
Equipment
Inventory
Accounts Receivable
Payroll

How This Franchise Supports Franchisees

Training: Available at headquarters: 2-4 weeks. Available at franchisee's location. Additional training available

Ongoing Support: Newsletter, Meetings, Toll-free phone line, Grand opening, Internet, Security/safety procedures, Field operations/evaluations, Purchasing cooperatives,

Marketing Support: Co-op advertising, Ad slicks, National media, Regional advertising,

Other marketing support: Reminder mailings, research tie-ins