- 2023 Franchise 500 Rank
N/R Not ranked last year
- Initial investment
$218K - $1.4M
- Units as of 2022
111 1,485.7% over 3 years
Strickland Brothers 10 Minute Oil Change started with a mission to provide the highest levels of service to all customers. In an industry that may tend to receive bad marks from customers, Strickland Brothers 10 Minute Oil Change believes it is changing everything by being friendly, dependable, and affordable.
Founded in 2016, Strickland Brothers 10 Minute Oil Change is named after two brothers whose pictures can be found in most every location. The focus on the family may have positioned Strickland Brothers 10 Minute Oil Change as a business dedicated to keeping families happy by ensuring that vehicles run in tip-top shape. Services offered by the brand include drive-thru oil changes, tire rotations, vehicle inspection, and efficient fleet services.
Why You May Want To Start a Strickland Brothers 10 Minute Oil Change Franchise
Customers may choose Strickland Brothers 10 Minute Oil change for its quality services, fair pricing, convenience, and excellent treatment. An ideal franchisee is committed to improving their community by upholding ethics and maintaining the high quality that Strickland Brothers 10 Minute Oil Change wishes to be known for. Of course, a passion for cars and fixing them is an added advantage that enhances customer and company goals alike.
What Might Make a Strickland Brothers 10 Minute Oil Change Franchise a Good Choice?
The automotive repair and maintenance services industry may always be in demand, possibly making Strickland Brothers 10 Minute Oil Change a fitting franchise opportunity. At Strickland Brothers 10 Minute Oil Change, preventative maintenance to keep vehicles running as they should is a specialty they are prepared to handle.
Strickland Brothers 10 Minute Oil Change;s signature 10-minute oil change is its most popular offering, making drive-thru maintenance an easy feat. As a franchisee, you may be able to expect to transform your hometown by meeting customer expectations with honest and accommodating services that make a difference.
Opening a Strickland Brothers 10 Minute Oil Change franchise may offer a more predictable outcome than investing in a completely new brand that could struggle to thrive in an already crowded and competitive industry.
How To Open a Strickland Brothers 10 Minute Oil Change Franchise
To be part of the Strickland Brothers 10 Minute Oil Change team, you should make sure you’re financially ready for an initial investment made up of a franchise fee and other startup costs. In addition, you should prepare yourself for ongoing fees that will include advertising, royalty, and potential renewal fees. Franchisees will also need to meet the company’s set net worth and liquid capital requirements.
Strickland Brothers 10 Minute Oil Change doesn’t look at franchisees as investors, but as a family. To support franchisees, Strickland Brothers 10 Minute Oil Change has developed a simple and scalable business model and training that prepares them for the market.
As you decide if opening a Strickland Brothers 10 Minute Oil Change franchise is the right move for you, make sure you take time to explore the opportunity. Research the brand and your local area to see if a Strickland Brothers 10 Minute Oil Change franchise would do well in your community. While competition is healthy, too much of it may not allow for the most possible growth.
About Strickland Brothers 10 Minute Oil Change
|Related Categories||Oil-Change Services|
|Parent Company||Strickland Brothers 10 Minute Oil Change|
|Leadership||Justin Strickland, CEO & Founder|
301 N. Main St., #1000
Winston-Salem, NC 27101
|Social||Facebook, Twitter, LinkedIn, Instagram|
|Franchising Since||2019 (2023-2019 years)|
|# of employees at HQ||65|
This company is offering new franchisees throughout the US.
|# of Units||111 (as of 2022)|
Information for Franchisees
Here's what you need to know if you're interested in opening a Strickland Brothers 10 Minute Oil Change franchise.
Financial Requirements & Ongoing Fees
Here's what you can expect to spend to start the business and what ongoing fees the franchisor charges throughout the life of the business.
Initial Franchise Fee
Definition: The initial fee paid to a franchisor to join their system
What you need to know: Found in Item 5 of the FDD, this may be a flat fee, or may vary based on territory size, experience, or other factors.The franchise fee is an up-front (one-time) cost that a new franchisee pays to the franchisor. This fee is usually due at the signing of the franchise agreement and covers the right to use the franchisor's trademarks, name, and related business systems.
Definition: The total amount necessary to begin operation of the franchise
What you need to know: The initial investment includes the franchise fee, along with other startup expenses such as real estate, equipment, supplies, business licenses, and working capital. This is outlined in a chart in Item 7 of the FDD, showing a range of possible costs from low to high.
|$217,900 - $1,411,400|
Net Worth Requirement
Definition: The minimum net worth you must have in order to qualify to become a franchisee of this company
What you need to know: Net worth is the value of a person's assets minus liabilities. Assets include cash, stocks, retirement accounts, and real estate. Liabilities include items like mortgages, car payments, and credit card debt.
Definition: The minimum liquid capital you must have available in order to qualify to become a franchisee of this company.
Definition: A discount or other incentive offered to military veterans who buy a franchise with this company.
|$5,000 off first-unit franchise fee|
Definition: A ongoing fee paid to the franchisor on a regular basis.
What you need to know: Most franchisors require franchisees to pay an ongoing royalty fee, which is detailed in Item 6 of the FDD. This fee is typically a percentage of weekly or monthly gross sales, but may also be a flat weekly, monthly, or annual fee.
Ad Royalty Fee
Definition: An going fee paid to the franchisor on a regular basis to support advertising or marketing efforts.
What you need to know: This may also be called advertising fee, marketing fee, brand fund fee, and more, but the basic purpose is the same-- to support promotion of the brand systemwide. As with the royalty fee, it is detailed in Item 6 of the FDD, and can be a percentage of weekly or monthly gross sales or a weekly, monthly, or annual fee.
Term of Agreement
Definition: The length of time your franchise agreement will last.
What you need to know: Franchise terms are typically anywhere from 5 to 20 years in length, but are sometimes instead dependent on factors such as the term of your lease. Once your term is up, you may have the option to renew your agreement, typically for a smaller fee than the original franchise fee.
|Is franchise term renewable?||Yes|
Some franchisors offer in-house financing, while others have relationships with third-party financing sources to which they refer qualified franchisees.
|Third Party Financing||Strickland Brothers 10 Minute Oil Change has relationships with third-party sources which offer financing to cover the following: franchise fee, startup costs, equipment, inventory, accounts receivable, payroll|
Training & Support Offered
Franchisors offer initial training programs and a variety of ongoing support options to help franchisees run their businesses.
|On-The-Job Training||65 hours|
|Classroom Training||25 hours|
Meetings & Conventions
Security & Safety Procedures
Franchisee Intranet Platform
Additional details about running this franchise.
|Is absentee ownership allowed?||Yes|
Can this franchise be run from home/mobile unit?
Definition: The business can be run from your home and/or a vehicle, and it is not necessary to have a retail facility, office space, or warehouse.
Can this franchise be run part time?
Definition: This business can be run by the owner on a part-time basis (less than 40 hours per week) and/or as a side business; it is not necessary for the business to be open/run full-time.
|# of employees required to run||6-10|
Are exclusive territories available?
Definition: An exclusive territory is a fixed area in which you are given the right to operate and in which no other units of the same franchise may be opened.
What you need to know: Territory size may be based on factors such as radius, population size, zip codes, and more. Details can be found in Item 12 of the FDD.
Interested in ownership opportunities like Strickland Brothers 10 Minute Oil Change? Request a free consultation with a Franchise Advisor now.
Franchise 500 Ranking History
Compare where Strickland Brothers 10 Minute Oil Change landed on this year's Franchise 500 Ranking versus previous years.
Curious to know where Strickland Brothers 10 Minute Oil Change ranked on other franchise lists? Find out below.
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