Victory Lane Quick Oil Change

At a Glance

Products & Services: Oil changes, fluid maintenance services, car wash

Number of Locations: 30

Total Investment: $43K - $1M

Founded: 1980

Began Franchising: 1986

Franchise Units

Year U.S. Canadian International Company Owned
2012 25 0 0 5
Where Seeking Franchisees: Franchisor is seeking new franchise units worldwide.
Direct Capital

Startup Costs, Ongoing Fees and Financing

Total Investment: $43,000 - $1,045,750
Franchise Fee: $15,000 - $30,000
Ongoing Royalty Fee: 6%
Term of Franchise Agreement: 20 years, renewable
Financial Requirements
Net Worth: $400,000
Liquid Cash Available: $42,000 - $146,000
Operations
40% of all franchisees own more than one unit. Number of employees needed to run franchised unit: 4 - 6. Absentee ownership of franchise is allowed. (60% 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 weeks. At franchisee's location: 1 week. Online support : As needed.
Ongoing Support: Newsletter, Meetings, Grand opening, Internet, Security/safety procedures, Field operations/evaluations, Purchasing cooperatives, Lease Negotiation
Marketing Support: Co-op advertising, Ad slicks, Regional advertising,