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Jiffy Lube Int'l. Inc.

2014 Franchise 500
#30
At a Glance

Products & Services: Oil changes

Number of Locations: 2,107

Total Investment: $221K - $400K

Founded: 1979

Began Franchising: 1979

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
2014 1,956 151 0 0
2013 1,955 143 0 0
2012 1,931 42 0 0
2011 1,940 44 0 0
2010 1,966 45 0 0
Where Seeking Franchisees: Franchisor is seeking new franchise units worldwide.
Direct Capital

Startup Costs, Ongoing Fees and Financing

Total Investment: $221,000 - $400,000
Franchise Fee: $17,500 - $35,000
Ongoing Royalty Fee: 3%
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).
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: 2-4 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

Franchise Ranking History

Franchise 500®: #30 (2014), #3 (2013), #15 (2012), #30 (2011), #37 (2010),
Fastest-Growing: #23 (2014), #68 (2010),
America's Top Global: #17 (2014), #7 (2013), #14 (2012), #28 (2011), #31 (2010),

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