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Below is an in-depth analysis and side-by-side comparison of Oil Can Henry's vs Lubepro's International Inc. including start-up costs and fees, business experience requirements, training & support and financing options.
Start-Up Costs and Fees |
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Investment | $135,000 - $212,000 | $223,000 - $274,000 |
Franchise Fee | $25,000 | $32,000 |
Royalty Fee | 5.5% | 5% |
Advertising Fee | - | 5% |
Year Founded | 1972 | 1978 |
Year Franchised | 1988 | 1985 |
Term Of Agreement | 10 years | 20 Years +10+10 |
Term Of Agreement | 10 years | 20 Years +10+10 |
Renewal 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/Yes | -/- |
Payroll | No/Yes | -/- |
Training & Support |
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Training | Training available on an ongoing basis & as requested | 1. Rockford, IL 10 Days 2. In-Store 7 Days |
Support | Newsletter, Meetings, Toll-free phone line, Grand opening, Internet, Security/safety procedures, Field operations/evaluations | Field Operation Evaluation Field Training Initial Store Opening Regional or National Meetings 800 Telephone Hotline |
Marketing | Ad slicks, Regional advertising | - |
Operations |
70% of all franchisees own more than one unit Number of employees needed to run franchised unit: 3 - 12
Absentee ownership of franchise is allowed. (100% of current franchisees are owner/operators) | Average Number of Employees: 9 Full-time, 0 Part-time Passive Ownership: Allowed |
Expansion Plans |
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US Expansion | Yes | Yes |
Canada Expansion | No | - |
International Expansion | No | - |
Oil Can Henry’s is now Valvoline Instant Oil Change
Oil Can Henry's was founded in 1972 and began franchising in 1988. It was a private company with more than 40 locations across the United States, and was based in Portland, Oregon.