Express Oil Change & Tire Engineers

Express Oil Change & Tire Engineers

Fund Your Franchise with Guidant

Guidant Financal Learn how to invest your IRA or 401k into a franchise. ($50k min)

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

Related Franchises

Related Articles

4 Indications It's Time to Franchise Your Business

4 Indications It's Time to Franchise Your Business

Franchising isn't for every business, and the timing needs to be right for a brand to efficiently transition to the franchise model.
Christopher Conner
Why Opening A Franchise Business Is Better Than Starting Your Own

Why Opening A Franchise Business Is Better Than Starting Your Own

Considering venturing into the world of entrepreneurship by starting a franchise business? zpizza UAE founder Harsh Pancholia shares his thoughts.
Harsh Pancholia
3 Key Questions That Will Help You Decide If Your Business Can Be Franchised

3 Key Questions That Will Help You Decide If Your Business Can Be Franchised

If you're not sure that franchising is for you, answering these three questions could be all you need to do to decide.
Rick Grossmann
To Get Branding Right, an Entrepreneur Needs to Emotionally Connect with the Product First

To Get Branding Right, an Entrepreneur Needs to Emotionally Connect with the Product First

Your value system should be clear and there should be certain amount of consistency in company processes - Amol Arora
Sneha Banerjee
The Pros and Cons of Franchising Your Business

The Pros and Cons of Franchising Your Business

Before you take the first step to turn your business into a franchise, read these advantages and disadvantages of franchising.
Rick Grossmann

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

Reprints & Licensing
Update Your Listing
Submit New Listing

Regions/States List

More Franchise Rankings

Top Low-Cost Franchises

100 franchises for under $60,000

Top Homebased/Mobile Franchises

These 100 businesses can be managed from home

Fastest-Growing Franchises

These companies have shown rapid unit expansion over the last two years

Top New Franchises

The top 100 companies that began franchising in the last five years

Top Global Franchises

200 North American franchisors seeking international franchisees

For reprints and licensing questions, click here.

Previous Years Rankings

2016 2015 2014 2013 2012