Top 250 Franchise by Entrepreneur – Rank no.62 – Valvoline Instant Oil Change – US
Products & Services: Quick-lube service center
Number of Locations: 897
Total Investment: $178.42K – 1.99M
Began Franchising: 1988
About Valvoline Instant Oil Change
Valvoline Instant Oil Change is a division of The Valvoline Co. and was created in 1986 with the purchase of quick-lube centers throughout New York, Minneapolis and Michigan. The public company began franchising in 1988 and is based in Lexington, Kentucky.
Startup Costs, Ongoing Fees and Financing
Franchise Fee: $30,000
Ongoing Royalty Fee: 6%
Term of Franchise Agreement: 15 years, renewable
Net Worth: $600,000 – $1,000,000
Liquid Cash Available: $300,000 – $800,000
68% of all franchisees own more than one unit. Number of employees needed to run franchised unit: 5. Absentee ownership of franchise is NOT allowed. (100% of current franchisees are owner/operators).
|FINANCING TYPE||IN-HOUSE||THIRD PARTY|
How This Franchise Supports Franchisees
Franchise Ranking History
About the Valvoline Instant Oil Change Company
What makes Valvoline Instant Oil Change service centers different from all the rest? When you’re in a hurry, we’re always ready to take care of your car or truck on the spot. And, for most of our services, you can stay in your vehicle while our skilled technicians complete the work; we can have you back on the road in about 15 minutes or less when you come in for one of our full-service drive-thru oil changes.
The Valvoline Instant Oil Change business was created in 1986 with the purchase of Rapid Oil Change centers in upstate New York, the Minneapolis/St. Paul region and the Instant Oil Change and DipStick acquisitions in Lansing and Grand Rapids, Michigan.
As the second-largest quick-lube chain in the United States with 850 stores nationwide and growing, we are focused on being the quick, easy, trusted businessthat can help you avoid costly, inconvenient breakdowns.
As such, we are committed to delivering only those services necessary for the safety and performance of your car or truck. So when we make a recommendation, you can be sure it’s in the best interest of your vehicle, not the best interest of our wallets.
Part of a larger family
Valvoline Instant Oil Change is a business unit of Ashland Consumer Markets (ValvolineTM), a commercial unit of Ashland Inc.®