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Below is an in-depth analysis and side-by-side comparison of Oil Can Henry's vs Strickland Brothers 10 Minute Oil Change 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 | $196,400 - $510,900 |
Franchise Fee | $25,000 | $54,900 |
Royalty Fee | 5.5% | 5% |
Advertising Fee | - | 2.5% |
Year Founded | 1972 | 2016 |
Year Franchised | 1988 | 2019 |
Term Of Agreement | 10 years | - |
Term Of Agreement | 10 years | - |
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 | -/Yes |
Start-up Costs | No/Yes | -/Yes |
Equipment | No/Yes | -/Yes |
Inventory | No/Yes | -/Yes |
Receivables | No/Yes | -/Yes |
Payroll | No/Yes | -/Yes |
Training & Support |
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Training | Training available on an ongoing basis & as requested | On-The-Job Training: 80 hours Classroom Training: 10 hours Additional Training: SB University |
Support | Newsletter, Meetings, Toll-free phone line, Grand opening, Internet, Security/safety procedures, Field operations/evaluations | Ongoing Support Newsletter Meetings/Conventions Toll-Free Line Grand Opening Online Support Security/Safety Procedures Field Operations Site Selection Proprietary Software Franchisee Intranet Platform |
Marketing | Ad slicks, Regional advertising | Co-op Advertising Ad Templates National Media Regional Advertising Social media SEO Website development Email marketing Loyalty program/app |
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) | Number of Employees Required to Run: 5 - 10 |
Expansion Plans |
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US Expansion | 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.