Jiffy Lube: $1.04M Average Sales vs. $207K-$500K Franchise Cost

Aug 1, 2024 · A detailed review and analysis of the Jiffy Lube franchise opportunity, including franchise costs, fees, financial performance, and more (2024). Skip to primary navigation; ...

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Jiffy Lube: $1.04M Average Sales Vs. $207K-$500K Franchise Cost

1 week from now

Aug 1, 2024 · A detailed review and analysis of the Jiffy Lube franchise opportunity, including franchise costs, fees, financial performance, and more (2024). Skip to primary navigation; ...

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Jiffy Lube Franchise: Average Sales ($1M) Vs. Cost ($207K-$500K)

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Jul 22, 2023 · A detailed review and analysis of the Jiffy Lube franchise opportunity, including franchise costs, fees, financial performance, and more (2023). Skip to primary navigation; ...

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Jiffy Lube® Franchise Cost & Requirements | Jiffy Lube®

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The initial start up costs associated with opening a new Jiffy Lube Multicare ® Service center range from $207,000 to $422,650, excluding land. The break down of these estimated costs …

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Own Big Brand Power | Jiffy Lube Franchise

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† The average annual revenue for the top quartile of Jiffy Lube stores (505), as disclosed in the 2023 Jiffy Lube FDD is $1.54M. The top quartile median is $1,543,071.57 and the top quartile …

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Jiffy Lube® Franchise Owner Reviews, Training, & Benefits | Jiffy …

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Hear from current Jiffy Lube® owners discussing franchisee perks, ... including $250k liquid assets and $500k net worth. Yes. No. ... This website and the franchise sales information on …

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FAQs about Jiffy Lube: $1.04M Average Sales vs. $207K-$500K Franchise Cost Coupon?

How much does it cost to open a Jiffy Lube franchise?

The costs to open a Jiffy Lube franchise include initial investments and other fees. The royalty fee is 0% of gross sales for the first 6 months of operation and 4% (or 3% if paid on time) of gross sales for the 7th month and onward. ...

What percentage of gross sales does Jiffy Lube sell?

Jiffy Lube franchisees pay 4% of gross sales under the standard Franchise Agreement. The Non-Product Supply Franchise Agreement requires 5% of Gross Sales. ...

How many employees does Jiffy Lube have?

Each Jiffy Lube service center requires a minimum of four employees during operating hours. What Does it Cost to Own a Jiffy Lube Franchise? Qualified candidates should have a minimum net worth of $500K and a minimum liquidity of $250K. Jiffy Lube requires an ASE A5 or Jiffy Lube University A5 certified technician on staff. ...

What is the Jiffy Lube royalty fee?

The Jiffy Lube royalty fee is 4% (or 3% if paid on time) of gross sales for the 7th month of operation and onward. For Jiffy Lube Multicare service centers, the monthly royalty fee is reduced by 1% on all tire rubber revenue. ...

What perks does Jiffy Lube® offer?

Hear from current Jiffy Lube® owners discussing franchisee perks, including our award-winning ASE certified training program, our variety of business growth opportunities, and how we provide the support you need to succeed in your new franchise. ...

What is Jiffy Lube's business strategy?

Jiffy Lube uses a four step signature plan when performing an oil change: Change, Inspect, Check/Fill, and Clean. The Jiffy Lube franchise agreement is for 20 years, with a 10-year renewal option. ...