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Home > Franchises > Grease Monkey Int'l. Inc.
Grease Monkey Int'l. Inc.
A franchise agreement takes place when the concerned parties involved are bound together through certain contractual provisions. This is an arrangement whereby someone with an idea for a business, the franchisor, sells to another person the franchisee the rights to use the business's name, sell a product, or provide a service to someone else. A franchise agreement will usually specify the given territory the franchisee retains exclusive control over the area protection, as well as the extent to which the franchisee will be supported by the franchisor.
Grease Monkey International, Incorporation was founded in 1978 and is one of the largest independently owned franchiser of automotive preventive maintenance centers in the United States. Grease Monkey has more than 200 centers operating in the United States and in Mexico. Grease Monkey centers offer preventive maintenance that meets manufacturers’ recommendations for most makes and models of cars, with no appointment necessary. Since 1998, the company has offered a Monkey Shine program a car wash adjacent to and in conjunction with the Grease Monkey Center.
Franchisor is a privately-held company with 28 employees and 3 employees in franchise department. Grease Monkey Int'l. Inc. is an automotive preventive maintenance company. Grease Monkey costs and fees include total investment of 158,000 to 259,000 dollars, franchise fee is 300, 00 dollars, ongoing royalty fee is 5 percent, and term of agreement is 15 years and renewal fee of 5000 dollars.
They provide good service and ranked 442 in 2006, 267 in 2005, 274 in 2004, 256 in 2003, and 254 in 2002 of Franchise 500. They are among America's Top Global Franchises which ranked 195 in 2006, 176 in 2005, and 168 in 2004 according in Rankings in Entrepreneur magazine 2002 to 2006.
Most vehicles come with a manufacturer's warranty that requires you to maintain it with periodic services. Grease Monkey has highly trained technicians that keep you informed of your vehicle's needs in accordance with manufacturer specifications. They provide most warranty-required services for less than most dealership prices. They also keep a complete maintenance history for you, taking the hassle out of keeping track of your vehicle's ongoing maintenance routine.
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