Express Oil Change
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here to link to Express Oil Change’s detailed company profile
Founded 30 years ago in Birmingham, AL and now with more than 180 locations across 11 states, Express Oil Change & Service Center is a leading automotive service center in the South.
Express Oil Change, with its honed oil change process and a total-car-care mechanical department, is committed to giving customers the quickest oil change without sacrificing the highest-quality service. The convenience of a quick oil change is expected to continue to draw customers away from long waits at automotive dealerships and mechanic shops, ensuring your franchise a secure spot in today’s competitive market. Moreover, with the rising costs of vehicles, automobile owners are even more conscious of proper car maintenance to protect their investment. This trend is even more prevalent during economic downturns and makes the quick lube industry resilient even during recessionary periods.
Express Oil Change & Service Center stands on a firm foundation in a growing industry with a proven formula for success. To share its success, Express Oil Change seeks franchisees who possess the drive to succeed by delivering outstanding quality and service, proven business acumen and the willingness and ability to invest.
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Operating Units |
12/31/2008 |
12/31/2009 |
12/31/2010 |
|---|
| | Franchised |
99 |
100 |
100 |
| | % Change | -- |
1.0% |
0.0% |
| | Company-Owned |
69 |
72 |
74 |
| | % Change | -- |
4.3% |
2.7% |
| | Total |
168 |
172 |
174 |
| | % Change | -- |
2.4% |
1.2% |
| | Franchised as % of Total |
58.9% |
58.1% |
57.5% |
Investment Required
The franchise fee for an Express Oil Change store is $35,000 for the first unit and $17,500 for each additional unit.
Express Oil Change provides the following range of investments required to open your initial franchise. The range assumes that equipment and signage is leased and other items are paid for in cash. To the extent that you choose to finance any of these expense items, your front-end investment could be substantially reduced.
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Item | Established Low Range | Established High Range |
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Initial Franchise Fee | $35,000 for first unit, $17,500 for each additional unit |
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Expenses While Training | $2,000 | $5,000 |
| | Inventory | $25,000 | $30,000 |
| | Organization, Loan Origination and Professional Fees | $35,000 | $70,000 |
| | Opening Advertising | $10,000 | $10,000 |
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Additional Funds (3 Months) | $60,000 | $110,000 |
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Total Initial Investment (not including real estate or leasehold improvements) | $167,000 | $277,500 |
Ongoing Expenses
Express Oil Change franchisees pay royalty fees equal to 5% of gross sales and minimum local advertising expenditures equal to 3% of gross sales.
Franchisee Satisfaction
A critical component of the due diligence process is that you, as a prospective franchisee, have a strong sense of existing franchisee satisfaction. Click here to download a summary of a recent independent survey of Express Oil Change’s existing franchisees conducted by the Franchise Research Institute. You can also click here to download direct quotes from franchisees about their experience with Express Oil Change, taken from the same survey. Please note that, in order to ensure that the comments were candid (both good and bad), franchisee names were intentionally withheld from the report provided to the franchisor.
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How do you rate Express Oil Change in terms of: |
Rating* |
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Quality of Products/Services Received From Franchisor |
96% |
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Rate the Opportunity Provided by the Franchise System |
96% |
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Franchisor's Business Versus Local Competition |
96% |
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* Independent Audit of Existing Franchisees Who Rated Express Oil Change as Excellent, Very Good, or Good |
What You Get–Training and Support
Express Oil Change provides comprehensive training to franchisee, managers and crew members. The initial classroom and field training includes an eight-week program for the franchisee or a designated manager, and two weeks for crew members at a store training center in Alabama. The program for franchisees and managers covers oil change procedures, mechanical training, store operation, inventory control, management, marketing, accounting and human resources, while the training for crew members focuses on operational procedures. Trainings are conducted by highly experienced support officers with an average of 5-10 years in the industry. Additional or periodic training programs are also available. A certified trainer spends time at the franchisee’s location during the first year and as needed.
Express Oil Change franchisees also benefit from ExpressTrack©, a proprietary management system which allows owners to easily track key indicators in their business, giving them real-time access to the elements in the operation that make the business work. Express Oil Change’s business model has proven itself; exemplified by a 99% survival rate of all stores built over the last 10 years—a rare accomplishment in the franchise industry.
Territory
Express Oil Change grants protected areas.
Note: The tables and information regarding the number of operating units, investment required, on-going expenses, training and territory grants were taken from the company’s 2011 FDD. The 2011 write-ups will be incorporated into the 2012 Edition of Bond’s Top 100 Franchises publication.
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