- Franchise 500 Rank
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N/R Not ranked last year
- Initial investment
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$43K - $1M
- Unit data is unavailable
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N/A
Company Overview
About Victory Lane Quick Oil Change
Related Categories | Oil-Change Services, Automotive Repair & Maintenance Services, Miscellaneous Automotive Products & Services |
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Founded | 1980 |
Parent Company | Victory Lane Quick Oil Change, Inc. |
Leadership | Derrick Oxender, CEO |
Corporate Address |
405 Little Lake Dr. Ann Arbor, MI 48103 |
Business Overview
Franchising Since | 1986 (38 years) |
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# of employees at HQ | 10 |
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Information for Franchisees
Here's what you need to know if you're interested in opening a Victory Lane Quick 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
|
$15,000 - $30,000 |
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Initial Investment
|
$43,000 - $1,045,750 |
Net Worth Requirement
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$400,000 |
Cash Requirement
|
$42,000 - $146,000 |
Royalty Fee
|
6% |
Ad Royalty Fee
|
2% |
Term of Agreement
|
20 years |
Is franchise term renewable? | Yes |
Financing Options
Some franchisors offer in-house financing, while others have relationships with third-party financing sources to which they refer qualified franchisees.
Third Party Financing | Victory Lane Quick Oil Change has relationships with third-party sources which offer financing to cover the following: franchise fee, startup costs, equipment, inventory |
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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 | 1 week |
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Classroom Training | 2 weeks |
Ongoing Support |
Purchasing Co-ops
Newsletter
Meetings & Conventions
Grand Opening
Online Support
Security & Safety Procedures
Field Operations
|
Marketing Support |
Co-op Advertising
Ad Templates
Regional Advertising
|
Operations
Additional details about running this franchise.
Is absentee ownership allowed? | Yes |
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Can this franchise be run from home/mobile unit?
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No |
Can this franchise be run part time?
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No |
# of employees required to run | 4-6 |
Are exclusive territories available?
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Yes |
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