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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.
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 Franchise Cost / Initial Investment / Jiffy Lube Franchise. Income. 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.
Today, there are more than 2,000 franchises of Jiffy Lube in the United States alone and around 45 in Canada. But before they became a franchisee, they were required by the company to have at least $150,000 liquidated assets and $500,000 net worth.
In 1991, Jiffy Lube became a subsidiary of Pennzoil and after the merger of Pennzoil and Quaker State in 1998, all 581 Q Lube stores were converted into Jiffy Lube locations. In 2002, Pennzoil-Quaker State was purchased by Shell Oil, which still owns the company and all its subsidiaries, including Jiffy Lube.
How much does it cost to open a Jiffy Lube Franchise? The 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.
Jiffy Lube Int'l. Inc. is ranked #181 in the Franchise 500! Bio The decline of full-service gas stations in the 1970s left many consumers without their traditional sources for oil changes.
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Own a Jiffy Lube® Franchise Take the worry out of forging ahead on your own by having a support team behind you. As the pioneer and leader of the quick lube industry, Jiffy Lube® International knows what works and what doesn't.
Calculate the start-up costs. Starting a Jiffy Lube franchise generally costs between $220,000 and $400,000, excluding real estate costs. The cost of starting a Jiffy Lube depends on the economy, costs of construction, permitting costs, and materials costs in your area.