Jiffy Lube Int'l. Inc.

Jiffy Lube Int'l. Inc.

Jiffy Lube Int'l. Inc.
#23

Initial Investment

LOW: $219,000
HIGH: $400,000

Change in Units

-1.1% -22 UNITS (1 Year)
-0.6% -13 UNITS (3 Years)

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Promoted Opportunities

Company Profile

Founded

1979

Franchising Since

1979 (37 Years)

Corporate Address

P.O. Box 4427 Houston, TX 77210-4427

CEO

Steve Ledbetter

Parent Company

Shell Oil Co.

Ticker Symbol

About Jiffy Lube Int'l. Inc.

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.

Financials

Financial Requirements

Initial Investment

$219,000 - $400,000

Net-worth Requirement

$450,000

Liquid Cash Requirement

$150,000

Ongoing Fees

Ongoing Royalty Fee

3%

Ad Royalty Fee

1.5%

Financing Options

Jiffy Lube Int'l. Inc. has relationships with third-party sources which offer financing to cover the following: 
franchise fee, startup costs, equipment

Veteran Incentives


Franchise fee waived

Franchise 500® Rank History

Highest Rank: 3

Lowest Rank: 37

Units (Locations)

Where Seeking Franchisees:
Franchisor is seeking new franchise units throughout the U.S. and in the following regions/states: See List

Operations & Franchisor Support

Training Onsite: 5 days

Training at headquarters: 1-2 days

Additional Training: Additional training available

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

Marketing Support
Co-op Advertising
Ad Slicks
Regional Media
National Media

Absentee Ownership Allowed

Number of employees required to run: 10

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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: August 6th, 2016

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