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Valvoline Instant Oil Change

2015 Franchise 500
#58
At a Glance

Products & Services: Oil changes

Number of Locations: 938

Total Investment: $132.9K - $1.96M

Founded: 1986

Began Franchising: 1988

About Valvoline Instant Oil Change

Valvoline Instant Oil Change is a division of The Valvoline Co. and was created in 1986 with the purchase of quick-lube centers throughout New York, Minneapolis and Michigan. The public company began franchising in 1988 and is based in Lexington, Kentucky.

Franchise Units

Year U.S. Canadian International Company Owned
2015 663 0 0 275
2014 644 0 0 272
2013 636 0 0 261
2012 604 0 0 264
Where Seeking Franchisees: Franchisor is seeking new franchise units throughout the U.S.

Startup Costs, Ongoing Fees and Financing

Total Investment: $132,925 - $1,961,000
Franchise Fee: $30,000
Ongoing Royalty Fee: 4-6%
Term of Franchise Agreement: 15 years, renewable
Financial Requirements
Net Worth: $600,000 - $1,000,000
Liquid Cash Available: $300,000 - $800,000
Operations
68% of all franchisees own more than one unit. Number of employees needed to run franchised unit: 10. Absentee ownership of franchise is NOT allowed. (100% 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 days. At franchisee's location: 2 weeks. At regional offices : 4-5 weeks.
Ongoing Support: Newsletter, Meetings, Toll-free phone line, Grand opening, Internet, Security/safety procedures, Field operations/evaluations
Marketing Support: Ad slicks, National media, Regional advertising,

Franchise Ranking History

Franchise 500®: #58 (2015), #60 (2014), #62 (2013),
Fastest-Growing: #88 (2014),