15 franchise oil change options (2023)

FAQs

15 franchise oil change options? ›

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.

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.

2021 Take 5 Median Franchise Sales: $1,031,108

Based on the median sales provided by Take 5's franchise locations, at an average of a 15% profit margin: It will take around 9 years to recoup your investment.

Are any existing Jiffy Lube^® stores for sale? Since the network is 100% franchise owned and operated, Jiffy Lube International, Inc. is not involved in site sales.

1984. Take 5 begins as a traditional oil change shop in Metairie, LA, eventually growing to three shops in the area.

2021 Jiffy Lube Median Franchise Sales: $542,589

Based on the median sales provided by Jiffy Lube's franchise locations, at the industry standard of a 5% profit margin it will take around 14 years to recoup your investment. This is longer than other franchise opportunities.

Saudi Aramco's $161bn profit is largest recorded by an oil and gas firm. Saudi Aramco has reported a record $161bn (£134bn) profit for 2022, the largest annual profit ever recorded by an oil and gas company, fuelled by soaring energy prices and rising global demand.

Take 5 Oil Change is expensive due to its use of high-quality oils and filters, extensively trained and certified technicians, state-of-the-art equipment and facilities, comprehensive vehicle inspections, convenience and speed of service, additional services offered, location and real estate expenses, marketing and ...

Driven Brands is the parent company of some of North America's leading automotive service businesses including Take 5 Oil Change®, Take 5 Car Wash®, Meineke Car Care Centers®, Maaco®, 1-800-Radiator & A/C®, Auto Glass Now®, and CARSTAR®.

What franchise owns Walmart? ›

Sam Walton's strategy is built on an unshakeable foundation: the lowest prices anytime, anywhere. On July 2, 1962, Sam Walton opens the first Walmart store in Rogers, Arkansas. The Walton family owns 24 stores, ringing up $12.7 million in sales. The company officially incorporates as Wal-Mart Stores, Inc.

Start A New Auto Repair Business with Midas

Even if you've never owned a business before or have no industry experience, a Midas franchise is something to seriously consider. We've been helping hardworking franchisees from all kinds of backgrounds enjoy success for over sixty years, and we can do the same for you!

While operating a Chick-fil-A restaurant requires a relatively modest $10,000 initial financial commitment ($15,000 CAD in Canada), it requires a holistic commitment to own and operate the business in a hands-on manner.

Everything about it is expensive, right down to the oil change, which can ring you up a staggering $21,000. If you need some explaining on why a Bugatti Veyron oil change costs as much as a brand-new Honda Civic, then you're not alone. The truth is, we live in a world where examples of excess and opulence exist.

“As we continue to drive our Take 5 Oil Change network and grow our customer base, we seek to strategically partner with innovative companies such as Castrol that provide not only top brands to our customers, but incredible service and value to our franchisees.” For more information, visit www.castrol.com.

The short answer is: no, you definitely don't have to tip mechanics. If they ask you for a tip explicitly (this happens), you can simply refuse. It's actually rude and a bit far-fetched of them. It's not customary at all, and mechanics get paid a pretty decent wage.

Senior care. According to Franchise Business Review, franchise owners in the senior care sector took the spot for the highest average annual income. Franchisees in the sector reported an average annual income of $155,132.

Venezuela is currently the country with the largest proven oil reserves in the world, with an estimated 300 billion barrels of oil.

What is the richest oil company in the United States? ›

ExxonMobil is the largest United States-based oil and gas producing company. As of June 2022, ExxonMobil's revenues amounted to nearly 307 billion U.S. dollars.

In the maritime industry, a group of six companies that control the chartering of the majority of oil tankers worldwide are together referred to as "oil majors". These are: Shell, BP, ExxonMobil, Chevron, TotalEnergies and ConocoPhillips. Charter parties such as "Shelltime 4" frequently mention the phrase "oil major".

Based on an investment of $25,000 today, it'd take a return of 13.08% per year to transform into $1 million in 30 years. If you require a shorter time to grow your investments, you'll need a higher return to arrive at $1 million sooner.

An oil change is an important and frequent maintenance task for any vehicle, so you want to make sure mechanics don't overcharge you. The cost of an oil change can vary between $20 and $150, depending on various factors.

Yes, synthetic oil is better for your engine than conventional oil. Although conventional oil (i.e., mineral oil) can provide adequate lubrication performance, it can't compete with the overall engine performance and protection provided by synthetics.

So, what exactly is high mileage oil? As the name implies, this type of motor oil is formulated to address the specific problems encountered by high mileage vehicles, or those with more than 75,000 miles. It can help reduce oil consumption, smoke, and emissions from older engines.

In the fall of 1984, Take 5 was known as Rapid Oil Change.

Reese's Take 5 is a candy bar that was released by The Hershey Company in December 2004. The original name of the candy bar was TAKE5 but common usage among consumers added a space.

Who makes take 5 oil filters? ›

Take 5 Oil Change is owned by Driven Brands, the leading franchisor of automotive aftermarket services in North America with more than 2,800 locations, including brands such as CARSTAR®, Meineke®, Maaco®, ABRA®, and 1-800-Radiator®.

Unfortunately, The Home Depot does not franchise its stores, but there are some alternatives that you should consider. The Home Depot was founded in 1978 as a new kind of one-stop shop for home services, combining a hardware store, a plant nursery, and a renovation supply and specialist source in one.

Walmart does not own Lowes as of 2021. Lowes Inc. is a publicly-traded company without a majority shareholder, and Walmart owns no shares in the company. Walmart does, however, own several other discount chains and brands across the US and beyond.

The Walton family is still the major shareholder of Walmart Inc.

Our franchise process has six key steps. The process can take from 6 to 9 months. The purpose of the franchise application is to help both the Vitamin Shoppe and the prospective franchisee evaluate the market opportunity and build a business case to support the required investment .

Starbucks Coffee doesn't franchise. Even though franchising is a classic, successful growth strategy for myriad beloved, familiar brands, Starbucks does not grant franchises. It's not because franchising isn't a time-tested model for growth. Many companies offer franchises.

As one of the four Brands in the Natura & Co group, alongside Natura, Aesop and Avon; a global cosmetics group committed to cruelty-free beauty and ethical business, The Body Shop has close to 30 Head Franchise Partners across Europe, Middle East & Africa and Asia Pacific regions, trading in 50 of The Body Shop markets ...

Franchising fee: It costs between $25,000 and close to $50,000 for the initial franchise fee. This, too, will vary depending on the details of your specific Taco Bell franchise. Net worth: The current net-worth requirement is around $1.5 million worth of assets.

So, you can't open an In-N-Out franchise. The good news is plenty of other franchise brands serve up burgers of all kinds for guests, and varying levels of profit for franchisees. You could go with one of the very biggest fast-food names, such as McDonald's, Burger King, Wendy's, or Dairy Queen.

Starbuck's Franchise (Licensing) Costs

A licensed Starbucks has an initial licensing fee/startup fee of around $315,000. That includes some of the equipment you'll need to operate your coffee shop. But your total investment tm open a new store will approach $1,000,000.

How much is an oil change for a Lambo? ›

The cost of changing the oil in a Lamborghini varies depending on the model, manufacturing year, service location, and the oil necessary for the change. However, one can expect to pay an average of $400 to $2000 for the service.

Typically, an oil and filter change using conventional oil will cost between $35 and $75, depending on your area. If your car requires synthetic oil, you should expect to pay more (anywhere from $65 to $125) but you make up some of the cost, since synthetic oil lasts longer and has to be changed less frequently.

Oil changes for Bentleys typically run owners around $500, which is much higher than the $140 average for Mercedes, another vehicle in the luxury class.

Walmart uses Shell's Quaker State Oil brand to change your oil and filters from Super Tech Oil. After draining the old oil off your car, they will replace it with five quarts of the oil brand. If you prefer another oil brand, you can purchase it elsewhere and have the lube technician use it instead.

Whether you choose to change your car's oil with a bargain brand or a brand you trust, both choices will have immediate and long-term effects on your vehicle. Engine oil is one of those products - like light bulbs - where lower-cost truly does mean lower quality.

It may seem like overkill to use an oil that is specifically formulated for older engines, but it's worth it in the long run. The additives in high mileage oils offer a myriad of benefits that will keep your engines working efficiently and reliably for longer.

If you own a car that runs on synthetic oil, you're probably wondering, “How often do you change synthetic oil?” Depending on the type of car you have, most synthetic oils last between 7,500 miles and 15,000 miles. However, you'll need to check your owner's manual for more specific figures.

at least $3 in tip for lunch orders. at least $5 for dinner orders if you live within a 5 mile radius of the restaurant. Beyond 5 miles, you should add $ to account for mileage (58.5 cents per mile is standard)

$147,000 is the 25th percentile. Salaries below this are outliers. $386,000 is the 90th percentile. Salaries above this are outliers.

Are oil companies still profitable? ›

Here's the breakdown. Some of the world's biggest oil giants are reporting billions of dollars in annual profits for 2022 – a year when consumers around the globe faced soaring energy prices. After Russia invaded Ukraine, energy supplies to Europe were cut – and oil and natural gas prices surged around the world.

Investing in oil wells is lucrative strategy for avoiding the stock market and often times yields significant tax benefits. Oil makes the world go around, and that is certainly not going to change any time soon, because there is still a high demand for oil.

Nationally, crude oil traders make more than $87,000 per year. But experienced traders can make close to $300,000 annually.

Why has the oil price soared? Oil and gas are traded around the world, and if supplies are short and demand high, sellers can charge more, and the price goes up. Before the Ukraine war, Russia was the world's largest exporter of oil and natural gas.

If the lease has a 1/8th (12.5%) royalty, that will result in the operator paying 100% of all costs and receiving 87.5% of the revenue. The remaining 12.5% would be the royalty interest in oil and gas paid to the mineral rights owner.

According to Consumer Watchdog, “PBF reported making 78 cents per gallon refining crude oil into gasoline in California in the third quarter – the greatest raw profits anywhere in the nation or world.

However, oil stock investments are riskier than other stock market sectors because the industry has several additional risk factors, including: Cyclicality: The oil and gas sector tends to include cyclical businesses, meaning that investors are likely to experience booms and busts.

Despite the global energy crisis, energy company stocks are surging—up 50% year to date through late October 2021—on the back of high commodity prices. Our survey results show that investors expect prices to remain robust. Approximately 70% of respondents expect oil prices to remain above $60 per barrel through 2024.

Decline of fossil fuels in electricity generation. Graph courtesy of Rethink Energy. RE predicts that in 2030, the oil market will shrink by 20%. Countries that rely on oil sales will lose “significant strength” in that year.

Royalties on private lands are influenced by state rates. They generally range from 12–25 percent. Before negotiating royalty payments on private land, careful due diligence should be conducted to confirm ownership. Mineral ownership records are often outdated.

How to invest in oil wells with little money? ›

Buy Stock in an Oil and Gas Company

If you want to invest in oil with little money, your brokerage account is probably the best place to look. With the new advent of no-fee stock trades at big brokerage houses, you can buy shares of stock without worrying about fees cutting into your investment.

Well drilling costs $15 to $25 per foot for the drilling process only. Installing a complete well water system costs $25 to $65 per foot, irrigation wells run $50 to $100 per foot, and geothermal wells are $15 to $40 per foot. *Prices typically include drilling, pump, casing, and complete installation.

Vitol Holding II S.A. With revenues of $505 billion in 2022, Vitol is the largest independent energy trader in the world, and would be the second-largest company worldwide as measured by revenue on the Fortune Global 500 list.

Transactions in any market come with a variety of risks, though to varying degrees. The most common risks addressed in crude and products trading include: Market risk: The risk that a change in market dynamics, especially price, will change the financial position of an oil company or trader.