Express Oil Change & Tire Engineers

Express Oil Change & Tire Engineers

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Promoted Opportunities

#406

Initial Investment

LOW: $1,638,000
HIGH: $2,276,000

Change in Units

+3.3% +7 UNITS (1 Year)
+12.4% +24 UNITS (3 Years)

Company Profile

Founded

1979

Franchising Since

1983 (34 Years)

Corporate Address

1880 Southpark Dr. Birmingham, AL 35244

CEO

Ricky Brooks

About Express Oil Change & Tire Engineers

Former gas station manager Jim Lunceford founded Express Oil Change in 1979 after hearing about a West Coast business that offered quick oil changes. Lunceford brought the concept to Alabama, opened four centers and began franchising in 1984.

In 1996, franchisees Joe Watson and Ricky Brooks purchased Express Oil Change from Lunceford and began expanding the company into Florida, Mississippi, Tennessee, Georgia and the Carolinas. Two years later, the company purchased Tune-Up Clinics, a 28-store chain based in Atlanta. Twenty-five Tune-Up Clinic locations became Express Oil Change centers after the purchase.

Financials

Financial Requirements

Initial Investment

$1,638,000 - $2,276,000

Net-worth Requirement

$500,000

Liquid Cash Requirement

$350,000

Ongoing Fees

Initial Franchise Fee

$35,000

Ongoing Royalty Fee

5%

Ad Royalty Fee

3%

Financing Options

Express Oil Change & Tire Engineers has relationships with third-party sources which offer financing to cover the following: 
franchise fee, startup costs, equipment, inventory

Units (Locations)

Where Seeking Franchisees:
Franchisor is seeking new franchise units in the following regions/states:
See List

Operations & Franchisor Support

Training Onsite: 14 days

Training at headquarters: 40 days

Additional Training: At training centers

Ongoing Support
Purchasing Co-ops
Newsletter
Meetings
Toll-Free Line
Grand Opening
Internet
Security
Field Operations

Marketing Support
Co-op Advertising
Ad Slicks

Absentee Ownership Allowed

Number of employees required to run: 6 - 8

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Disclaimer

The Franchise 500 is not intended to endorse, advertise, or recommend any particular franchise. It is solely a research tool you can use to compare franchise operations. Entrepreneur stresses that you should always conduct your own independent investigation before investing money in a franchise.

Updated: September 30th, 2016

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