View Here : Jiffy Lube Franchise Cost
There's never been a better time to be in business with Jiffy Lube ®. Not only are we the #1 quick lube chain in the nation, we're the top choice for customers looking for an oil change service. Learn more about franchisee opportunities with Jiffy Lube ®.
Jiffy Lube can license another franchisee to open a Jiffy Lube service center or establish or operate a service center at any location outside of this three-mile ring. Franchisees won't have any rights of first refusal or similar rights to acquire a new franchise outside of the three-mile ring.
Jiffy Lube Franchise Cost / Initial Investment / Jiffy Lube Franchise. While the franchise fee only $10,000 - $35,000, the total investment for a Jiffy Lube franchise runs about $196,500 - $331,500. An ongoing royalty fee of 4% is also applied to all sales. Franchise owners must have a net worth of nearly half a million dollars, with $150,000 of that in liquid assets.
How much does it cost to open a Jiffy Lube Franchise? The estimated investment required to open a Jiffy Lube Franchise is between $71,650-$450,000. There is an initial franchise fee of $35,000 which grants you the license to run a business under the Jiffy Lube name.
Average Jiffy Lube Franchise Startup Fee. The cost will run around $17,500. Rental and Security Deposit – You should expect to spend at least $8,000 on the lower end and $20,000 on the higher end for the first month’s rental and the security deposit.
Hindman established Jiffy Lube International, began franchising that same year, and relocated the company’s headquarters to Baltimore, Maryland. Jiffy Lube considers 1979 to be its official founding year with Hindman as its founder. 10. By the end of the 1980s, Jiffy Lube had over 1,000 franchised and company stores across the United States.
Initial Inventory: $20,000 to $30,000. Jiffy Lube estimates that start-up inventory for a Jiffy Lube service center costs between $20,000 and $30,000. Under the Product Supply Franchise Agreement and Product Supply Agreement, SOPUS Products will supply all of the petroleum products you might need (i.e., motor oil, transmission fluids, greases,...