Victory Lane Quick Oil Change
At a Glance
Products & Services: Oil changes, fluid maintenance services, car wash
Number of Locations: 40
Total Investment: $230.5K - 795K
Founded: 1980
Began Franchising: 1986
Private Owned
Franchise Units
| Year | U.S. | Canadian | International | Company Owned |
| 2008 | 35 | 0 | 0 | 5 |
Where Seeking Franchisees: Franchisor is seeking new franchise units worldwide.
Startup Costs, Ongoing Fees and Financing
Total Investment: $230,500 - $795,000
Franchise Fee: $15,000 - $30,000
Ongoing Royalty Fee: 6%
Term of Franchise Agreement: 20 years, renewable
Franchise Fee: $15,000 - $30,000
Ongoing Royalty Fee: 6%
Term of Franchise Agreement: 20 years, renewable
Financial Requirements
Net Worth: $500,000
Liquid Cash Available: $100,000
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).| Financing Type | In-House | Third Party |
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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,
Marketing Support: Co-op advertising, Ad slicks, Regional advertising,