Jiffy Lube vs Lee Myles Transmissions Franchise Comparison

Below is an in-depth analysis and side-by-side comparison of Jiffy Lube vs Lee Myles Transmissions including start-up costs and fees, business experience requirements, training & support and financing options.

Start-Up Costs and Fees
 
Jiffy Lube Franchise
Lee Myles Transmissions Franchise
Investment $207,000 - $422,650$137,400 - $182,800
Franchise Fee $17,500 - $35,000$27,500
Royalty Fee 3-4%7%
Advertising Fee 1.5%-
Year Founded 19791947
Year Franchised 19791964
Term Of Agreement 20 years15 years
Term Of Agreement 20 years15 years
Renewal Fee $17.5K15% of current franchise fee


Business Experience Requirements
 
Jiffy Lube Franchise
Lee Myles Transmissions Franchise
Experience
  • General business experience

  • Industry experience
  • General business experience
  • Marketing skills
    		•

    Financing Options
     
    Jiffy Lube Franchise
    Lee Myles Transmissions Franchise
      In-House/3rd PartyIn-House/3rd Party
    Franchise Fees No/YesNo/Yes
    Start-up Costs No/YesNo/Yes
    Equipment No/YesNo/Yes
    Inventory No/NoNo/Yes
    Receivables No/NoNo/No
    Payroll No/NoNo/No

    Training & Support
     
    Jiffy Lube Franchise
    Lee Myles Transmissions Franchise
    Training Available at franchisee's location, Additional training available On-The-Job Training: 10-40 hours Classroom Training: 40 hours -
    Support Purchasing Co-ops Newsletter Meetings/Conventions Toll-Free Line Grand Opening Security/Safety Procedures Field Operations Site Selection Proprietary Software Franchisee Intranet Platform Newsletter, Meetings, Toll-free phone line, Grand opening, Internet, Security/safety procedures, Field operations/evaluations
    Marketing Co-op Advertising Ad Templates National Media Regional Advertising Social media SEO Website development Email marketing Co-op advertising, Ad slicks, National media, Regional advertising
    Operations 80% of all franchisees own more than one unit

    Number of employees needed to run franchised unit: 10

    Absentee ownership of franchise is allowed. (90% of current franchisees are owner/operators)

    		 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
     
    Jiffy Lube Franchise
    Lee Myles Transmissions Franchise
    US Expansion -Yes
    Canada Expansion NoNo
    International Expansion NoNo

    Company Overviews

    About Jiffy Lube

    The decline of full-service gas stations in the 1970s left many consumers without their traditional sources for oil changes. Jiffy Lube began under Jim Hindman in 1979 as an association of seven fast-lube centers in the western United States. Today the franchise is a wholly-owned subsidiary of Pennzoil-Quaker State Co. and has locations nationwide.
    Take the worry out of forging ahead on your own by having a support team behind you. As the pioneer and leader of the quick lube industry, Jiffy Lube International knows what works and what doesn't. Jiffy Lube International focuses on elements critical to business operations, in addition to offering innovative programs to help attract and retain customers. The Jiffy Lube Franchise model has been helping business owners successfully run their own businesses since 1979.
    If you have strong interpersonal skills, the ability to manage and motivate employees, and the desire to learn and follow a proven system that emphasizes value and customer satisfaction, let us work with you to turn your dreams into reality.
    Already Own a Quick Lube Location? Jiffy Lube could be a perfect fit for you if you already own a quick lube location and are looking for ways to expand your business and attract more customers. You already have the pieces in place, and now you could leverage the brand strength of the industry leader. Many quick lube owners come to us because they can't quite figure out how to take their business to the next level. Jiffy Lube can help. Benefits to joining the #1 brand in the quick lube market:
    *Brand recognition
    *Comprehensive training
    *Proven systems
    *National fleet services
    *Network of support

    Seeking new franchise units throughout the U.S. , Canada and South America    
    Veteran Incentives  Franchise fee waived
    "Top   ""
    #116 in Canada's Top franchises.

    "franchiserankingscom"
    #48 on Franchise Rankings.com
    #70 in Franchise 500 doe 2020.



    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.