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Updated RecentlyLee Myles Transmissions vs Oil Extreme Mobile Pit Stop Franchise Comparison
Below is an in-depth analysis and side-by-side comparison of Lee Myles Transmissions vs Oil Extreme Mobile Pit Stop including start-up costs and fees, business experience requirements, training & support and financing options.
Start-Up Costs and Fees |
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| Investment | $137,400 - $182,800 | $41,000 |
| Franchise Fee | $27,500 | N/A |
| Royalty Fee | 7% | 0 |
| Advertising Fee | - | - |
| Year Founded | 1947 | 1994 |
| Year Franchised | 1964 | 1994 |
| Term Of Agreement | 15 years | - |
| Term Of Agreement | 15 years | - |
| Renewal Fee | 15% of current franchise fee | - |
Business Experience Requirements |
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| Experience | - | |
Financing Options |
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| In-House/3rd Party | In-House/3rd Party | |
| Franchise Fees | No/Yes | -/- |
| Start-up Costs | No/Yes | -/- |
| Equipment | No/Yes | -/- |
| Inventory | No/Yes | -/- |
| Receivables | No/No | -/- |
| Payroll | No/No | -/- |
Training & Support |
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| Training | - | - |
| Support | Newsletter, Meetings, Toll-free phone line, Grand opening, Internet, Security/safety procedures, Field operations/evaluations | - |
| Marketing | Co-op advertising, Ad slicks, National media, Regional advertising | - |
| Operations |
10% of all franchisees own more than one unit Number of employees needed to run franchised unit: 4 Absentee ownership of franchise is NOT allowed. (100% of current franchisees are owner/operators) | - |
Expansion Plans |
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| US Expansion | Yes | - |
| Canada Expansion | No | - |
| International Expansion | No | - |
Company Overviews
About Lee Myles Transmissions
Lee Myles was a musician and automobile technician in the 1930s and '40s when he heard about problems with the 'new' automatic transmissions. He opened his first Lee Myles Transmissions center in 1947 and began franchising in 1964. The company now has more than 85 locations throughout the United States.
About Oil Extreme Mobile Pit Stop
THE WORLD'S BEST MOTOR OIL AND BUSINESS OPPORTUNITY
"The World's Best Oil and business opportunity? YES! And I know that's a big statement. But, if you'll read our brochures and technical data carefully, and then check our race results, I believe you'll understand why we can make that statement. We can now give you huge guaranteed corporate accounts in many areas AND give you a protected territory FREE. If you're looking for an exciting and lucrative business opportunity, the OIL EXTREME MOBILE PIT STOP with its Exclusive Territory Dealership Program is for you! Our program makes it easy to get your business started right away. And we'll be there to help you be successful. Join the others who have teamed with Oil Extreme to create a new and rewarding future for themselves." George French, President