Oil change franchises make an average of $600,000 in annual revenue, according to Hoover's Business Research Information. A typical oil change franchise location can expect to perform around 1200 jobs each month.
How much do franchise owners actually make?
The average franchise owner in the United States makes around $75,000 to $125,000 a year. That's definitely much more than the average salary of a college undergraduate with less than five years of experience, or around $50,000.Sep 10, 2020
How much does it cost to buy into a Jiffy Lube franchise?
While the franchise fee only $10,000 - $35,000, the total investment for a Jiffy Lube franchise runs about $196,500 - $331,500. An ongoing royalty fee of 4% is also applied to all sales. Franchise owners must have a net worth of nearly half a million dollars, with $150,000 of that in liquid assets.
How much do oil change owners make?
How much profit can an Oil Change Business make? With many oil franchises bringing in nearly $250,000 a year, as the owner, it is possible to see a net profit of $75,000 to $80,000 a year.Sep 9, 2021