Valvoline Instant Oil Change

#62

At a Glance

Products & Services: Quick-lube service center

Number of Locations: 868

Total Investment: $178.43K - 1.99M

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
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: $178,425 - $1,989,000
Franchise Fee: $30,000
Ongoing Royalty Fee: 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: 5. 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, Security/safety procedures, Field operations/evaluations, Lease Negotiation

Other marketing support: Program support