Jiffy Lube is an American brand of automotive oil change specialty shops founded in Utah, United States, in 1971. It has been a subsidiary of Royal Dutch Shell since 2002, and is headquartered in Houston, Texas.
Jiffy Lube International, Inc. operates franchised and company-owned service centers in North America. The company offers oil change, air conditioning, air filtration, battery maintenance and replacement, brake, cooling system, drivetrain, engine, fuel system cleaning, emissions and inspection, tire, transmission, windshield, alignment, and suspension services.
Financial Requirements for Jiffy Lube
Initial investments: $234,000 - $372,650
Net-worth Requirement: $450,000
Liquid Cash Requirement: $150,000
Initial Franchise Fee: $17,500 - $35,000
Ongoing Royalty Fee: 3 - 4%
Ad Royalty Fee 1.5%
On-The-Job Training: 10 - 40 hours
Classroom Training: 40 hours
Additional Training: Additional training available
Number of Employees Required to Run: 10
Jiffy Lube website: www.jiffylube.com
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