Lee Myles Transmissions vs Victory Lane Quick Oil Change Franchise Comparison

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

Start-Up Costs and Fees

 
Lee Myles Transmissions Franchise
Victory Lane Quick Oil Change Franchise
Investment $137,400 - $182,800$137,000 - $532,000
Franchise Fee $27,500$30,000
Royalty Fee 7%6%
Advertising Fee -2%
Year Founded 19471980
Year Franchised 19641986
Term Of Agreement 15 years10 years
Term Of Agreement 15 years10 years
Renewal Fee 15% of current franchise fee$4500


Business Experience Requirements

 
Lee Myles Transmissions Franchise
Victory Lane Quick Oil Change Franchise
Experience
  • Industry experience
  • General business experience
  • Marketing skills
  • -

    Financing Options

     
    Lee Myles Transmissions Franchise
    Victory Lane Quick Oil Change Franchise
      In-House/3rd PartyIn-House/3rd Party
    Franchise Fees No/YesNo/No
    Start-up Costs No/YesNo/Yes
    Equipment No/YesNo/Yes
    Inventory No/YesNo/No
    Receivables No/NoNo/No
    Payroll No/NoNo/No

    Training & Support

     
    Lee Myles Transmissions Franchise
    Victory Lane Quick Oil Change Franchise
    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

     
    Lee Myles Transmissions Franchise
    Victory Lane Quick Oil Change Franchise
    US Expansion Yes-
    Canada Expansion NoNo
    International Expansion NoNo

    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 Victory Lane Quick Oil Change

    Enter An Exciting Industry That Offers Great Opportunities! Victory Lane Quick Oil Change, Inc. is your entrance into a solid, recession proof industry that has strong consumer demand! Become part of one of the best quick lube franchise opportunities in the United States. Every car owner needs it's oil changed, and with more demands on Americans’ time than ever before, the increase in population growth, and stringent government regulations on used oil disposal, the demand for do-it-for-me quick oil changes has increased significantly. Think of all the new neighborhoods being developed. For each new home built, there are 1, 2, 3, 4 or more drivers with vehicles, and each of these cars needs its oil changed an average of 3.7 times a year, according to the Automotive Oil Change Association. This means that new customers are literally moving into your area all the time, and just waiting for a Victory Lane Quick Oil Change center to open and change their oil and major automotive fluids. Could you be the quick oil change franchisee they are looking for? The American dream is still alive and we’re living it. Come join us!

    The total investment necessary to begin operation of a single Victory Lane Center is $137,000 to $412,000. This includes $44,500 to $51,000 that must be paid to the franchisor or its affiliates.
    The total investment necessary to begin 3 to 5 Victory Lane Centers under our Area Development Program is $167,500 to $532,000, including total investment for one Victory Lane Center. This includes $79,500 to $219,500 (based on 2 to 5 VICTORY LANE® Centers) that must be paid to the Franchisor or affiliate.