Valvoline Instant Oil Change
At a Glance
Products & Services: Quick-lube service center
Number of Locations:
Total Investment: $1.7M
Founded: 1986
Began Franchising: 1988
Public Owned
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.Startup Costs, Ongoing Fees and Financing
Total Investment: $1,700,000
Franchise Fee: $30,000
Ongoing Royalty Fee: 6%
Term of Franchise Agreement: 15 years, renewable
Franchise Fee: $30,000
Ongoing Royalty Fee: 6%
Term of Franchise Agreement: 15 years, renewable
Financial Requirements
Net Worth: $1,000,000
Liquid Cash Available: $800,000
Operations
68% of all franchisees own more than one unit. Number of employees needed to run franchised unit: 5. Absentee ownership of franchise is NOT allowed. (100% of current franchisees are owner/operators).| Financing Type | In-House | Third Party |
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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, Security/safety procedures, Field operations/evaluations,
Other marketing support: Program support