Valvoline Instant Oil Change is a leading provider of quick and convenient oil change services and has been in business for over 25 years. If you’re interested in owning a Valvoline Instant Oil Change franchise, you must know what costs and fees you can expect. This blog post will cover the key costs and fees associated with becoming a Valvoline Instant Oil Change franchisee.
Initial Investment
When starting a Valvoline Instant Oil Change franchise, the initial investment is the highest cost you’ll need to consider. This includes the cost of equipment and supplies and the cost of leasing or purchasing a location.
Ongoing Fees
In addition to the initial investment, ongoing fees are associated with owning a Valvoline Instant Oil Change franchise. These include royalties, advertising fees, and other miscellaneous expenses.
- Royalty fee: 4% of gross sales
- Advertising fee: 2% of gross sales
- National account fee: 2% of gross sales
- Additional local advertising fee: 1% of gross sales
It’s important to note that these fees are subject to change and may vary depending on the franchise agreement.
Support and Training
Valvoline Instant Oil Change provides a comprehensive support and training program for its franchisees. This includes site selection and lease negotiation assistance, training on all aspects of running the business, and ongoing support to ensure your success. Additionally, Valvoline provides an ongoing training program that helps franchisees maintain the highest level of technical expertise and customer service.
Qualities of a successful franchise
Owning a franchise is not for everyone, and it is important to consider all factors before deciding. It is recommended to research the company and speak with current franchisees before making a decision. Additionally, it’s important to have a clear understanding of the costs and fees associated with owning a franchise and the support and training provided by Valvoline Instant Oil Change.
Successful Business Management Experience:
One of the most important factors for a successful franchise is having experience in managing a business. This includes understanding financial management, marketing, and operations. Franchisees should have a good understanding of running a business and a track record of success in managing a business.
Commitment to Business:
Franchisees should be fully committed to the business and willing to invest the time and effort necessary to make it successful. This means being available to work at the business daily, making important decisions, and being willing to adapt to changes in the market.
Great Leadership Qualities:
Franchisees should have strong leadership skills and effectively manage and motivate employees. They should be able to communicate effectively with employees and customers and make difficult decisions when necessary.
Financial Capability:
A successful franchisee should have the financial resources to start and maintain the business. This includes having enough capital to cover the initial investment, ongoing costs, and any unexpected expenses that may arise. Franchisees should also be able to obtain financing if necessary and manage their cash flow to ensure the business stays financially stable.
IS VALVOLINE INSTANT OIL CHANGE THE RIGHT BUSINESS?
Valvoline Instant Oil Change is a well-established and reputable company that has been in business for over 25 years. It has a proven business model and a strong brand recognized by many consumers.
If you are interested in the automotive industry, have experience managing a business, and have the financial resources to start and maintain a business. Owning a Valvoline Instant Oil Change franchise could be a great opportunity for you.
Conclusion
Becoming a Valvoline Instant Oil Change franchisee can be a great opportunity for those interested in the automotive industry and who want to own a business. With the help of Valvoline’s support and training program and the right location and business plan, owning a Valvoline Instant Oil Change franchise can be profitable and rewarding.