|
Below is an in-depth analysis and side-by-side comparison of Jiffy Lube vs Oilstop-Drive Thru Oil Change Centers including start-up costs and fees, business experience requirements, training & support and financing options.
Start-Up Costs and Fees |
||
Investment | $207,000 - $422,650 | $266,100 - $995,100 |
Franchise Fee | $17,500 - $35,000 | $27,500 - $35,000 |
Royalty Fee | 3-4% | 5% |
Advertising Fee | 1.5% | - |
Year Founded | 1979 | 1987 |
Year Franchised | 1979 | 1998 |
Term Of Agreement | 20 years | 20 years |
Term Of Agreement | 20 years | 20 years |
Renewal Fee | $17.5K | - |
Business Experience Requirements |
||
Experience | ||
Financing Options |
||
In-House/3rd Party | In-House/3rd Party | |
Franchise Fees | No/Yes | No/No |
Start-up Costs | No/Yes | No/No |
Equipment | No/Yes | No/No |
Inventory | No/No | No/No |
Receivables | No/No | No/No |
Payroll | No/No | No/No |
Training & Support |
||
Training | Available at franchisee's location, Additional training available On-The-Job Training: 10-40 hours Classroom Training: 40 hours | Ongoing training available |
Support | Purchasing Co-ops Newsletter Meetings/Conventions Toll-Free Line Grand Opening Security/Safety Procedures Field Operations Site Selection Proprietary Software Franchisee Intranet Platform | Newsletter, Meetings, Toll-free phone line, Grand opening, Internet, Security/safety procedures, Field operations/evaluations, Purchasing cooperatives |
Marketing | Co-op Advertising Ad Templates National Media Regional Advertising Social media SEO Website development Email marketing | Ad slicks, Regional advertising |
Operations |
80% of all franchisees own more than one unit Number of employees needed to run franchised unit: 10 Absentee ownership of franchise is allowed. (90% of current franchisees are owner/operators)
|
34% of all franchisees own more than one unit Number of employees needed to run franchised unit: 8 Absentee ownership of franchise is allowed. (50% of current franchisees are owner/operators) |
Expansion Plans |
||
US Expansion | - | Yes |
Canada Expansion | No | No |
International Expansion | No | No |
Founded by Larry Dahl, Oilstop centers provide drive-thru oil changes. The company also offers gear treatment, power drain service, PCV valve replacement, engine stop leak service, internal engine cleaning, engine treatment, fuel system cleaners and other services.