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Home > Franchises > Jiffy Lube Int'l. Inc.
Jiffy Lube Int'l. Inc.
A franchise agreement takes place when the concerned parties involved are bound together through certain contractual provisions. 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.
W.J. James Hindman founded Jiffy Lube in 1979 and pioneered the fast oil change industry by establishing the first drive-through service bay, providing customers with fast and professional service. In 1980 there were about 10 service centers, by 1990 that number grew to about 1000, and today there are more than 2200 Jiffy Lubes, making it the largest system of franchised and company-operated service centers in the fast lube industry. Jiffy Lube offers support, service, guidance and leadership to help its franchisees succeed. One can look to Jiffy Lube for assistance in acquiring a location, training the client and his management personnel and setting up an efficient operation. They can even assist qualified franchisees in obtaining financing.
Jiffy Lube for your fleet maintenance services less downtime, no appointment necessary, speed of service, convenient locations, fleet manager control, consolidated monthly billing, manufacturer recommended services. Each year, they send millions of gallons of used oil to federally-approved recycling centers to be turned into important materials used to create paper products and asphalt for our roads. Jiffy Lube has a total investment of 214000 to 273000 dollars and the franchise fee is 35000 dollars. Their ongoing royalty fee is 5 percent and the term of agreement is 20 years which is renewable. The Company was in the top ranking of the year ranking 20th in 2006, 14th in 2005, 11th in 2004, 18th in 2003 and 20th in 2002.
Jiffy Lube’s preventive services have been engineered to protect and enhance the customer’s vehicle. Jiffy Lube has trained and certified technicians that treat the customer’s car as if it were their own.
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