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Grease Monkey Franchising LLC

Preventive maintenance & quick lube

Background

Founded: 1978 Franchising since: 1979
Founded in 1978, Grease Monkey centers provide 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.
7100 E. Belleview Ave., #305
Greenwood Village, Colorado 80111
Phone:
(800)364-0352/ (303)308-1660

Franchisee Association
International Franchise Advisory Council

Franchisor is a privately-held company with 28 employee(s); 3 employee(s) in franchise department.

Franchise Growth
Year U.S. Franchises Canadian Franchises Foreign Franchises Company Owned
2009 190 0 51 3
2008 188 0 49 3
2007 187 0 48 1
2006 182 0 46 3
2005 184 0 41 3

Where Seeking Franchisees
In the U.S. Alaska, Alabama, Arkansas, Arizona, California, Colorado, Connecticut, Delaware, Florida, Georgia, Hawaii, Iowa, Idaho, Illinois, Indiana, Kansas, Kentucky, Louisiana, Massachusetts, Maryland, Maine, Michigan, Minnesota, Missouri, Mississippi, Montana, Nebraska, North carolina, North dakota, New hampshire, New jersey, New mexico, Nevada, New york, Ohio, Oklahoma, Oregon, Pennsylvania, Rhode island, South carolina, South dakota, Tennessee, Texas, Utah, Virginia, Vermont, Washington, Wisconsin, West virginia, Wyoming
Outside the U.S.: Mexico

Exclusive territories available.
Territory size: Varies

Costs and Fees

Total investment: $181.5K-321.2K
Franchise fee: $30K
Ongoing royalty fee: 5%
Term of agreement: 15 years, renewable


Type of Financing Available
In-House Third Party
Franchise Fee No Yes
Startup Costs No Yes
Equipment No Yes
Inventory No No
Accounts Receivable No No
Payroll No No

Qualifications
Net worth requirement: $500K
Cash liquidity requirement: $200K-250K
Business Experience:
  • General business experience
  • Marketing skills

Operations
  • 30% of all franchisees own more than one unit
  • Number of employees needed to run franchised unit: 8
  • Absentee ownership of franchise is allowed. (95% of current franchisees are owner/operators)

Training and Support

Training
  • Available at headquarters: 5 days
  • At franchisee's location: As needed
  • Annual regional meetings

Ongoing Support
  • Newsletter
  • Meetings
  • Toll-free phone line
  • Grand opening
  • Internet
  • Security/safety procedures
  • Field operations/evaluations
  • Purchasing cooperatives

Marketing Support
  • Co-op advertising
  • Ad slicks
  • Regional advertising

Rankings

Franchise 500® rank:
#323 (2009); #290 (2008); #415 (2007); #442 (2006); #267 (2005);

America's Top Global Franchises:
#200 (2008); #190 (2007); #195 (2006); #176 (2005);


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