Valvoline Instant Oil Change vs Econo Lube N' Tune Franchise Comparison

Below is an in-depth analysis and side-by-side comparison of Valvoline Instant Oil Change vs Econo Lube N' Tune including start-up costs and fees, business experience requirements, training & support and financing options.

Start-Up Costs and Fees
 
Valvoline Instant Oil Change Franchise
Econo Lube N' Tune Franchise
Investment $181,000 - $3,158,500$145,135 - $201,690
Franchise Fee $30,000$29,500
Royalty Fee 4-6%5%
Advertising Fee 3%6%
Year Founded 19861973
Year Franchised 19881973
Term Of Agreement 15 years20 years
Term Of Agreement 15 years20 years
Renewal Fee --


Business Experience Requirements
 
Valvoline Instant Oil Change Franchise
Econo Lube N' Tune Franchise
Experience
  • General business experience
    		• -

    Financing Options
     
    Valvoline Instant Oil Change Franchise
    Econo Lube N' Tune Franchise
      In-House/3rd PartyIn-House/3rd Party
    Franchise Fees No/Yes-/-
    Start-up Costs No/Yes-/-
    Equipment Yes/No-/-
    Inventory No/Yes-/-
    Receivables No/No-/-
    Payroll No/Yes-/-

    Training & Support
     
    Valvoline Instant Oil Change Franchise
    Econo Lube N' Tune Franchise
    Training --
    Support Newsletter, Meetings, Toll-free phone line, Grand opening, Security/safety procedures, Field operations/evaluations-
    Marketing Ad slicks-
    Operations 40% of all franchisees own more than one unit

    Number of employees needed to run franchised unit: 4

    Absentee ownership of franchise is allowed. (97% of current franchisees are owner/operators)

    		-

    Expansion Plans
     
    Valvoline Instant Oil Change Franchise
    Econo Lube N' Tune Franchise
    US Expansion --
    Canada Expansion No-
    International Expansion No-

    Company Overviews

    About Valvoline Instant Oil Change

    We’re passionate about cars, as you might expect. But we’re really in the business of taking care of people. At Valvoline Instant Oil Change (VIOC) people are our greatest asset. We bring the quality of the Valvoline brand to the do-it-for-me quick lube customer. Today we have 900+ VIOC locations coast to coast, and we serve
    9 million customers a year. We don’t just change oil; we protect one of our customers’ most valuable investments. Because they rely on their vehicles, they rely on 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.

    "Entrepreneur

    #57 in Franchise 500 for 2020.
    #20 in Franchise 500 for 2021.





    About Econo Lube N' Tune

    Econo Lube N' Tune & Brake's "turn-key" process is as simple as it sounds. If you are approved for a franchise and successfully complete the intensive initial training program - you'll simply "turn-the-key" and step into a fully staffed, equipped and operationally ready Econo Lube N' Tune & Brakes automotive service center, though we also provide you a credit which you can use to make additional cosmetic improvements. Econo Lube N' Tune & Brakes has existing centers as well as new locations available for franchising. Currently the Company is focusing on expansion in Arizona, Colorado, and Dallas (9/1/04) Econo Lube N' Tune & Brakes approaches the franchise process with a different philosophy than most other franchise companies. At Econo Lube N' Tune & Brakes we won't ask a potential franchise owner to invest or participate in developing a location until the company itself has made a substantial investment in time, energy, professional services and money. Before a prospective franchise owner is asked to commit to an Econo Lube N' Tune & Brakes location, the Company has: * Identified the marketplace * Selected a site * Purchased the property * Planned, designed and constructed the building * In most cases, acquired and installed all furniture, fixtures, equipment and signage * Fully stocked the location with all oil change, tune-up and brake parts needed * Hired and trained a staff to operate the location * Trained the new franchise owner Anyone who has ever opened their own business and has had to accomplish all of these goals on their own can truly relate, and appreciate the "turn-key" process we offer here at Econo Lube N' Tune & Brakes.