- Franchise 500 Rank
-
N/R Not ranked last year
- Initial investment
-
$1.9M - $2.7M
- Units as of 2018
-
233 10.4% over 3 years
Company Overview
In 1996, franchisees Joe Watson and Ricky Brooks purchased Express Oil Change from Lunceford and began expanding the company into Florida, Mississippi, Tennessee, Georgia and the Carolinas. Two years later, the company purchased Tune-Up Clinics, a 28-store chain based in Atlanta. Twenty-five Tune-Up Clinic locations became Express Oil Change centers after the purchase.
About Express Oil Change & Tire Engineers
| Industry | Automotive |
|---|---|
| Related Categories | Oil-Change Services, Automotive Repair & Maintenance Services |
| Founded | 1979 |
| Parent Company | Golden Gate Capital |
| Leadership | Ricky Brooks, CEO |
| Corporate Address |
1880 Southpark Dr. Birmingham, AL 35244 |
| Social |
Business Overview
| Franchising Since | 1983 (41 years) |
|---|---|
| # of employees at HQ | 90 |
| Where seeking |
This company is offering new franchises throughout the US. |
| # of Units | 233 (as of 2018) |
|
|
|
Information for Franchisees
Here's what you need to know if you're interested in opening a Express Oil Change & Tire Engineers franchise.
Financial Requirements & Ongoing Fees
Here's what you can expect to spend to start the business and what ongoing fees the franchisor charges throughout the life of the business.
|
Initial Franchise Fee
|
$35,000 |
|---|---|
|
Initial Investment
|
$1,863,000 - $2,716,000 |
|
Net Worth Requirement
|
$500,000 |
|
Cash Requirement
|
$350,000 |
|
Royalty Fee
|
5% |
|
Ad Royalty Fee
|
3% |
|
Term of Agreement
|
10 years |
| Is franchise term renewable? | Yes |
Financing Options
Some franchisors offer in-house financing, while others have relationships with third-party financing sources to which they refer qualified franchisees.
| Third Party Financing | Express Oil Change & Tire Engineers has relationships with third-party sources which offer financing to cover the following: franchise fee, startup costs, equipment, inventory |
|---|
Training & Support Offered
Franchisors offer initial training programs and a variety of ongoing support options to help franchisees run their businesses.
| On-The-Job Training | 324 hours |
|---|---|
| Classroom Training | 12 hours |
| Ongoing Support |
Purchasing Co-ops
Newsletter
Meetings & Conventions
Toll-Free Line
Grand Opening
Online Support
Security & Safety Procedures
Lease Negotiation
Field Operations
Site Selection
Proprietary Software
Franchisee Intranet Platform
|
| Marketing Support |
Co-op Advertising
Ad Templates
Social Media
SEO
Website Development
Email Marketing
Loyalty Program/App
|
Operations
Additional details about running this franchise.
| Is absentee ownership allowed? | Yes |
|---|---|
|
Can this franchise be run from home/mobile unit?
|
No |
|
Can this franchise be run part time?
|
No |
| # of employees required to run | 6-8 |
|
Are exclusive territories available?
|
Yes |
Franchise 500 Ranking History
Compare where Express Oil Change & Tire Engineers landed on this year's Franchise 500 Ranking versus previous years.
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