The total investment one may require too make to start a franchise would be $214k-$273K, the franchise fee is $35k ongoing royalty of 5% and it is a 20 years renewable agreement, the renewal fees being $17.5k. The net worth requirement to begin a franchise would be $450k and cash liquidity requirement$150k. The qualifications required are just good business experience and 80% of all franchisees own more than one unit. The number of employees required to run the franchise unit is a minimum of 10. Jiffy Lube allows absentee ownership of franchisees.
The training and support is available at headquarters for 2 to 4 weeks and also at franchisee’s location. Training at headquarters or 5 days and regional training for 2 days is available. Ongoing support like newsletter, meetings, toll free phone line, internet, safety procedures, field operations, purchasing cooperatives are provided. Marketing is done through national media and regional advertising, co operative advertising and ad slicks. Jiffy Lube ranks among America’s top global franchises.
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