Valvoline Instant Oil Change vs Lee Myles Transmissions Franchise Comparison

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

Start-Up Costs and Fees
 
Valvoline Instant Oil Change Franchise
Lee Myles Transmissions Franchise
Investment $181,000 - $3,158,500$137,400 - $182,800
Franchise Fee $30,000$27,500
Royalty Fee 4-6%7%
Advertising Fee 3%-
Year Founded 19861947
Year Franchised 19881964
Term Of Agreement 15 years15 years
Term Of Agreement 15 years15 years
Renewal Fee -15% of current franchise fee


Business Experience Requirements
 
Valvoline Instant Oil Change Franchise
Lee Myles Transmissions Franchise
Experience
  • General business experience

  • Industry experience
  • General business experience
  • Marketing skills
    		•

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

    Training & Support
     
    Valvoline Instant Oil Change Franchise
    Lee Myles Transmissions Franchise
    Training --
    Support Newsletter, Meetings, Toll-free phone line, Grand opening, Security/safety procedures, Field operations/evaluationsNewsletter, Meetings, Toll-free phone line, Grand opening, Internet, Security/safety procedures, Field operations/evaluations
    Marketing Ad slicksCo-op advertising, Ad slicks, National media, Regional advertising
    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)

    		 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
     
    Valvoline Instant Oil Change Franchise
    Lee Myles Transmissions Franchise
    US Expansion -Yes
    Canada Expansion NoNo
    International Expansion NoNo

    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

    #57 in Franchise 500 for 2020.
    #20 in Franchise 500 for 2021.





    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.