| ||||
Updated RecentlyValvoline Instant Oil Change vs Quick Lane Tire & Auto Center Franchise Comparison
Below is an in-depth analysis and side-by-side comparison of Valvoline Instant Oil Change vs Quick Lane Tire & Auto Center including start-up costs and fees, business experience requirements, training & support and financing options.
Start-Up Costs and Fees |
||
| Investment | $181,000 - $3,158,500 | $282,150 - $1,820,100 |
| Franchise Fee | $30,000 | $15,000 |
| Royalty Fee | 4-6% | - |
| Advertising Fee | 3% | - |
| Year Founded | 1986 | 2017 |
| Year Franchised | 1988 | 2017 |
| Term Of Agreement | 15 years | - |
| Term Of Agreement | 15 years | - |
| Renewal Fee | - | - |
Business Experience Requirements |
||
| Experience | - | |
Financing Options |
||
| In-House/3rd Party | In-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 |
||
| 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 |
||
| US Expansion | - | Yes |
| 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]("https://d3fg11dgb68kbp.cloudfront.net/assets/photos/franchise-badge-22686037fc120ba1bd59c2c9fd6e0fbf.png"){kind=icon}
#57 in Franchise 500 for 2020.
#20 in Franchise 500 for 2021.
About Quick Lane Tire & Auto Center
![""]("https://fddexchange.com/wp-content/uploads/2019/08/Quick-Lane-Tire-Auto-Center-300x99.png")
Established in 1997, Quick Lane now has over 800 branches in the USA
and over 200 branches in Europe. We are expanding our network globally
into places including South America, South Africa, Middle East, as well
as to Asia, including China, Australia, Thailand and elsewhere.
Quick Lane is a standard tire and auto vehicle service center. With
expert technicians who will take care of all brands of car in a
professional and friendly manner, you can be confident of receiving
excellent products and services. Our experienced teams have completed
tests and training in matters ranging from oil changes to filters,
tires, brake checks, suspension and vehicle batteries, amongst others,
covering a total of over 14 services.
The total amount necessary to begin operation of a Quick Lane Tire & Auto Center under a Quick Lane Tire & Auto Center Franchise Agreement ranges from $282,150 to $1,082,100 if you convert an existing automotive repair facility to a Quick Lane Tire & Auto Center.
This includes $95,700 to $364,000 that is payable
to the franchisor.
The total amount necessary to begin operation of a Quick Lane Tire & Auto Center under a Quick Lane Tire & Auto Center Franchise Agreement
ranges from $1,008,450 to $1,820,100 if you construct a brand new
facility from the ground up (a “Greenfield Center”).
This includes
$218,000 to $364,000 that is payable to the franchisor.