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Units as of 2020
369 (49 added in 3 years)
13.3%
2021 Franchise 500 Rank
#167 Ranked #161 last year
Initial investment
$157K - $348K

Company Overview

Founded in 1978, Grease Monkey centers provide preventive maintenance that meets manufacturers’ recommendations for most makes and models of cars, with no appointment necessary. Since 1998, the company has offered a Monkey Shine program--a car wash adjacent to and in conjunction with the Grease Monkey Center.

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About Grease Monkey Franchising LLC

Industry
Automotive
Founded
1978
Parent Company
FullSpeed Automotive LLC
Leadership
Kevin Kormondy, CEO/President

Franchising Overview

Franchising Since
1979 (42 years)
# of employees at HQ
45
Where seeking

This company is seeking new franchisees throughout the US.

# of Units
369 (as of 2020)

Franchisor Information

Corporate Address
5575 DTC Pkwy., #100
Greenwood Village, CO 80111

Information for Franchisees

Here’s what you need to know if you’re interested in opening a Grease Monkey Franchising LLC 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
$35,000
Initial Investment
$156,695 - $347,850
Net Worth Requirement
$250,000
Cash Requirement
$60,000 - $75,000
Veteran Incentives
$10,000 off franchise fee; rebates on royalty fees for first two years
Royalty Fee
5%
Ad Royalty Fee
0.5%
Term of Agreement
15 years
Is franchise term renewable?
Yes

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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
Grease Monkey Franchising LLC 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
66 hours
Classroom Training
35 hours
Additional Training
Annual regional meetings
Ongoing Support
Newsletter
Meetings & Conventions
Toll-Free Line
Grand Opening
Online Support
Security & Safety Procedures
Lease Negotiation
Field Operations
Site Selection
Proprietary Software
Franchisee Intranet Platform
Marketing Support
Co-op Advertising
Ad Templates
Social Media
SEO
Website Development
Email Marketing
Loyalty Program/App

Operations

Additional details about running this franchise.

Is absentee ownership allowed?
No
Can this franchise be run from home/mobile unit?
No
Can this franchise be run part time?
No
# of employees required to run
5
Are exclusive territories available?
Yes

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Franchise 500 Ranking History

Compare where Grease Monkey Franchising LLC landed on this year’s Franchise 500 Ranking versus previous years.

Additional Rankings

Curious to know where Grease Monkey Franchising LLC ranked on other franchise lists? Find out below.

Ranked #167

Franchise 500 Ranking

Ranked #10

Top Franchises for Veterans

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Disclaimer
The information on this page is not intended as an endorsement or recommendation of any particular franchise by Entrepreneur Media. Our franchise listings and rankings are solely research tools you can use to compare franchise operations. Entrepreneur stresses that you should always conduct your own independent investigation before investing in a franchise. That should include reviewing the franchisor's legal documents, consulting with an attorney and an accountant, and talking to former and current franchisees.
Updated: February 8th, 2021
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