Selling, general and administrative Expenses $1,000 – $5,000 (wages of attendees excluded)Įmployees, Suppliers, Utilities, govt, agencies, etcįor the franchisor it is a very profitable business with retained earnings of $1.9 billion in 2022 Q1 compared with a loss of $133 million in 2020 Q1. Chat below includes 2022 upfront costs, one time fees, and other costs to launch the franchise. Liquid assetsįor the Jiffy Lube franchise its estimated total investment ranges from $232,000 to $442,650.
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Read More: How to Start The UPS Store Franchise In USA ? Requirementsįor Jiffy Lube Franchise you need to require liquid assets of $250k, minimum fee of $35k, and average unit revenue of $822k. Owners can enjoy other benefits like, Brand Recognition, Proven System, Network of Support and Fleet Services. Training: They provide 40 hours of On-The-Job training and 120 hours of Classroom training. Marketing Operations: In order to make your business a huge success the franchise remains always available in order to guide you in every step.ġ2-week Onboarding Process: This benefit is for all new Franchise owners, this process is for the welfare of every new store owner. Skill & Knowledge: Franchise owners and their employees will be provided with skill and knowledge by Jiffy Lube University for exception service. Top benefits for joining Jiffy Lube market:Īutomotive Services Excellent (ASE) accredited program: Under this program franchise owners can win award winning online and in-store training through Jiffy Lube University. Its headquarters is located in Houston, Texas. It was ranked #1 in category in Entrepreneurs 2022. With more than 35 years of experience, currently Jiffy Lube Franchise has more than 20 million customers who rely on them yearly. In 1987, Jiffy Lube Franchise went public and by 1989 there were over 1,019 Franchises and stores. In 1971 Jiffy Lube’s first store came into being on 36th Street in Ogden, Utah by Edwin H. With a history of success and well-known reputation they currently own over 2000 stores and is currently led by CEO, W James Hindman.
Cars are a big business in U.S automotive market, and all cars need oil changes and other services like repairing air filtration, transmission, air conditioning, and fuel system. Jiffy Lube is the biggest chain of Oil change and preventive maintenance with a quick lube change in the United States.
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