Jiffy Lube Int'l. Inc.

2015 Franchise 500
At a Glance

Products & Services: Oil changes, light repairs

Number of Locations: 2,085

Total Investment: $219K - $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
2015 1,929 153 3 0
2014 1,956 151 0 0
2013 1,955 143 0 0
2012 1,931 42 0 0
2011 1,940 44 0 0
Where Seeking Franchisees: Franchisor is seeking new franchise units worldwide.

Startup Costs, Ongoing Fees and Financing

Total Investment: $219,000 - $400,000
Franchise Fee: $0 - $35,000
Ongoing Royalty Fee: 3%
Term of Franchise Agreement: 20 years, renewable
Veteran Incentives: Franchise fee waived
Financial Requirements
Net Worth: $450,000
Liquid Cash Available: $150,000
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
Accounts Receivable

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®: #27 (2015), #30 (2014), #3 (2013), #15 (2012), #30 (2011),
Fastest-Growing: #23 (2014),
America's Top Global: #31 (2015), #17 (2014), #7 (2013), #14 (2012), #28 (2011),

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