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2021 Franchise 500 Rank
#77 Ranked #70 last year
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Initial investment
$207K - $423K
Units as of 2021
2,157 3.8% over 3 years

Company Overview

The decline of full-service gas stations in the 1970s left many consumers without their traditional sources for oil changes. Jiffy Lube began under Jim Hindman in 1979 as an association of seven fast-lube centers in the Western United States. Jiffy Lube Int'l. Inc. was acquired by Pennzoil-Quaker State Co. in the 1990s, which was then acquired by Shell Oil Company in 2002. Jiffy Lube has franchised locations throughout the U.S. and Canada.

About Jiffy Lube

Industry
Automotive
Founded
1979
Parent Company
Shell Oil Company
Leadership
Edward Hymes, President
Ticker Symbol
RDS.A

Franchising Overview

Franchising Since
1979 (42 years)
# of employees at HQ
115
Where seeking

This company is seeking new franchisees worldwide.

This company is seeking new franchisees in the following international regions: Canada

# of Units
2,157 (as of 2021)

Franchisor Information

Corporate Address
150 N. Dairy Ashford Rd., Bldg. F
Houston, TX 77079

Information for Franchisees

Here’s what you need to know if you’re interested in opening a Jiffy Lube 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
$17,500 - $35,000
Initial Investment
$207,000 - $422,650
Net Worth Requirement
$500,000
Cash Requirement
$250,000
Veteran Incentives
Franchise fee waived
Royalty Fee
3-4%
Ad Royalty Fee
4%
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
Jiffy Lube has relationships with third-party sources which offer financing to cover the following: franchise fee, startup costs, equipment

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
40 hours
Classroom Training
120 hours
Additional Training
Additional training available
Ongoing Support
Purchasing Co-ops
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
National Media
Regional Advertising
Marketing Planning & Support
Social Media
SEO
Website Development
Email Marketing
Loyalty Program/App

Operations

Additional details about running this franchise.

Is absentee ownership allowed?
Yes
Can this franchise be run from home/mobile unit?
No
Can this franchise be run part time?
No
# of employees required to run
10
Are exclusive territories available?
No

Franchise 500 Ranking History

Compare where Jiffy Lube landed on this year’s Franchise 500 Ranking versus previous years.

Additional Rankings

Curious to know where Jiffy Lube ranked on other franchise lists? Find out below.

Ranked #77

Franchise 500 Ranking

Ranked #82

Top Global Franchises

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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