Valvoline Instant Oil Change

Quick-lube service center

Background

Founded: 1986 Franchising since: 1988
Valvoline Instant Oil Change is a division of The Valvoline Co. and was created in 1986 with the purchase of quick-lube centers throughout New York, Minneapolis and Michigan. The public company began franchising in 1988 and is based in Lexington, Kentucky.

P.O. Box 14046
Lexington, Kentucky 40512

Phone:
(800)622-6846

Franchisee Association
Valvoline Association of Franchisees

Franchisor is a publicly-held company with 75 employee(s); 10 employee(s) in franchise department.

Franchise Growth

Year	U.S. Franchises	Canadian Franchises	Foreign Franchises	Company Owned
2007	526	0	0	273
2006	481	0	0	287
2005	473	0	0	300

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, United states, Utah, Virginia, Vermont, Washington, Wisconsin, West virginia, Wyoming

Costs and Fees

Total investment: $1.7M
Franchise fee: $30K

Ongoing royalty fee: 6%
Term of agreement: 15 years, renewable

Type of Financing Available

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

Third-party financing source(s): Citi Capital, the SBA

Qualifications
Net worth requirement: $1M
Cash liquidity requirement: $800K
Business Experience:

General business experience

Operations

68% of all franchisees own more than one unit
Number of employees needed to run franchised unit: 5
Absentee ownership of franchise is NOT allowed. (100% of current franchisees are owner/operators)