Express Oil Change
At a Glance
Products & Services: Oil changes, brakes, tire services, tune-ups
Number of Locations: 194
Total Investment: $1.4M - $1.9M
Began Franchising: 1983
About Express Oil ChangeFormer 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.
Alabama, Florida, Georgia, Louisiana, Mississippi, Midwest, North Carolina, Northeast, South, South Carolina, Southeast, Southwest, Tennessee, Texas, West.
Startup Costs, Ongoing Fees and Financing
Franchise Fee: $35,000
Ongoing Royalty Fee: 5%
Term of Franchise Agreement: 10 years, renewable
Financial RequirementsNet Worth: $500,000
Liquid Cash Available: $300,000 - $350,000
Operations85% 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).
|Financing Type||In-House||Third Party|