EXPRESS OIL CHANGE Franchise Startup Cost, Profit Margin, Revenue and Locations
Express Oil Change is one of the top leaders in the oil change concept in the Southern part of the United States in terms of the number of cars serviced on a daily basis and average unit sales volume. The company’s franchise is considered as one of the most sought after in the industry and this can be attributed to the high sales the company enjoys with car users. Now the question is how much is an Express Oil Change franchise?
FRANCHISE INFORMATION ABOUT THE COMPANY
Express Oil Change was founded in the year 1979 and they have their headquarters in Birmingham , AL. The company at the moment has about 250 locations across the Southern part of the country. While about 130 of these locations are run by the company, the rest are owned by different franchisees.
The history of the company started when Jim Lunceford heard about a business in the West Coast that offered quick oil changes. He then decided to start his company that offers this same service. He henceforth brought the concept to Alabama and thereafter opened 4 centers and started selling franchises in the year 1984.
IS EXPRESS OIL CHANGE A FRANCHISE?
The company can be considered to be a franchise as they sell franchise opportunities with about 55% of the locations owned by franchsiees. They also work on a highly performing franchise model. So Express Oil Change is a franchise
WHY CHOOSE EXPRESS OIL CHANGE
You have a lot of reasons to buy into this company’s franchise. apart from the fact Express Oil Change beats other players in the industry in every important business metrics, there are quite a number of other reasons to deal with the company.
The company’s business model is structured in such a way to allow their franchisees create their own future through perfect business structuring. The business model is tested and proven with clear results that can be seen in all their locations.
OTHER REASONS WHY YOU SHOULD JOING EXPRESS OIL CHANGE
- Franchisees with the company are not expected to have any previous experience.
- Training and support will be provided to franchisees to prepare them for their business ahead. As a franchisee with the company, you will not be trained to become a mechanic, you will be trained to hire mechanics to help you with the job
- The company’s signature 10 minute oil Change and safety check is done professionally by experts while the customer can relax in his car.
MORE: AAMCO FRANCHISE COST
HOW MUCH DOES EXPRESS OIL CHANGE FRANCHISE COST?
The Express Oil Change franchise cost is the summation of the entire investments that will be required to set up a franchise location. The initial investment needed to open a franchise unit is about $2,000,000. With a net worth requirement of about $500,000 and then a liquid cash requirement of about $350,000
EXPRESS OIL CHANGE FRANCHISE FEE
The Express Oil Change franchise fee will be considered as the payment the franchisee will make to the company for them to get the license to operate under the company’s brands. The initial franchise fee is non refundable and franchisees are mandated to renew the payment after an agree period of time.
The initial franchise fee is $35,000 with an additional royalty fee of about 5% and an ad royalty fee of about 3% of the monthly gross revenue of the franchise unit.
When you buy into the Express Oil Change franchise, you will not be expected to become an engineer or a mechanic, neither do you need to know anything about automobiles repair. The company will offer an intensive 8-week training for the new franchisees and they will be exposed to all the information they need to know about how to carry out their franchise business activities.
Trainings will incorporate both classrooms and field sessions.
WHO QUALIFIES FOR A FRANCHISE OPPORTUNITY?
If you are an individual with a strong business acumen and the zeal to work with people and motivate them to bring out the best in them, a positive attitude and then driven by a goal to excel in the future, then Express Oil Change is ready to work with you.
Express Oil Change does not provide direct financing. The company has 3rd party relationships with firms that will offer funding to assist in setting up your franchise unit.
HOW TO OPEN AN EXPRESS OIL CHANGE FRANCHISE
The information in this article has discussed all you need to know in how to open an Express Oil Change franchise. but it is important to note that you will need to apply on the company’s website to complete your application.
Once your application is received by the company, it will be reviewed and feedback will be given after some few days. If your application is considered, the company will then assign a franchise manager to you.
The work of the franchise manager will be to run additional evaluation of your eligibility to open a franchise unit of the company. He will also work with you to set up your new franchise unit.
Express Oil Change and Tire Engineers is a company that is specialized in all parts of automotive repair. This company has been in existence for over 37 years. If you are interested in joining Express Oil Change and Tire Engineers to become a franchise, then you should keep on reading as the information below, will tell you all that you need to know.
The details you’ll get will include the total amount of money you are expecting to spend in getting this franchise, how to run the business and of course what support services are available.
About Express Oil Change and Tire Engineers Franchise
What initially started as a post WWII gas station has blossomed into an all inclusive car maintenance work shop situated in the Southern 15 states of the US. From oil changes, to tire changes and all other parts of the car.
They are reputed for having very competent staff and also being very environmental friendly company. Engine oil which is drained from cars are recycles to avoid environmental pollution.
How Much Does an Express Oil Change and Tire Engineers Franchise Cost
This franchise in a way is free, as there are no direct or indirect cost associated with the purchase of the franchise. Apart from the franchise fee, every other monies covers one service or the other.
Express Oil Change and Tire Engineers Franchise Fee
The franchise fee is $35,000, and if you want any additional units you’ll have to pay an additional $17,500. This fee can be paid in bits or all at once.
Express Oil Change and Tire Engineers Franchise Startup Cost
This will cost somewhere between $1,906,000-$2,446,000. Below is a simple breakdown of the cost
- Land: $650,000-$850,000
- Building and Site: $800,000-$1,000,000
- Equipment, Signs, furnishings: $200,000-$300,000
- Professional and organisational Fees: $35,000-$55,000
- Loan Origination: $35,000-$55,000
- Franchise Fee: $35,000
- Pre-opening: $33,500
Opening inventory (inventory includes 100 tires @ a cost of $100 per tire.)
- Opening Adverts: $10,000
- Working Capital: $70,000
If you have land and a place already then this will cost way less. All you’ll do is subtract the cost of what you already have from the start up cost.
Express Oil Change and Tire Engineers Franchise Membership Training, Requirements and Support
It is important to know that the Franchisor Express Oil Change and Tire Engineers are not taking new franchisees in the following states Georgia, South Carolina, North Carolina, Tennessee, Virginia, Mississippi, Arkansas, Louisiana, Texas, Oklahoma, Kansas, Indiana, Ohio and Illinois.
As a franchisee of the above company you have the opportunity to leverage on the buying power and reputation of the brand to grow your business. It is not mandatory that you buy your stock from the express oil change corporation.
If you do however you’ll not need to do any negotiating as the brand has well trained people for that. You can be sure of getting the best auto supplies at the same prices Express Oil Change shops buy.
Where this is already being put to use is in the purchase of engine oil in large quantities. With the power of over 200 stores combined (both company owned and franchises) Express Oil Change is in a more advantageous position to negotiate great prices. And this they always do.
They also provide systems that will make your work easier. For example, their Express Track Repair Estimation Writing helps you produce professional looking repair estimates to customers. And as you type it in it automatically checks against the data base of the suppliers and you can know the exact price and how long it will take to deliver. Sometimes the parts can actually be delivered within thirty minutes depending on what part of the world you stay in.
And for training this brand takes it very serious. A franchise officer is assigned to every new franchise opening; their job is to oversee the training of this new franchisee. And the officer will also be available for a while even after the business has opened. There is an 8-week training program for new franchises to learn all the many aspects of managing the business.
This training is not for the technical part of the business though. The Franchisee will have to hire qualified mechanics to do the technical aspect of the job. This 8-week training is strictly for managerial purposes.
There’s also another two weeks training for the new staff, for customer care related purposes.
As a franchisee of Express Oil Change and Tire Engineers you will receive advice and support on how best to direct your advertising and marketing efforts for the best profit.
A franchise officer is also made available for continuous training
Express Oil Change and Tire Engineers Franchise Application and Terms of Agreement
To learn about their terms of agreement and renewal contact their website, or shoot them an email. There details are available on their website.
How Much Does an Express Oil Change and Tire Engineers Franchise Make?
This is not available openly, but after you have filled their online Franchisee Candidate Biography, you can ask for this information and more and get it.
How to Open an Express Oil Change and Tire Engineers Franchise
Just same as above, get their contact details on their website at www.expressoil.com. Fill your details on the Franchisee Biography and then things will proceed from there.
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