Grease Monkey franchise businesses provide the general public with oil changes and preventive maintenance services for cars and trucks. Franchisees can also opt to operate a Monkey Shine car wash facility (“Monkey Shine Facility”) which provides a car wash option and other regular vehicle maintenance services.
The Grease Monkey offers franchise opportunities under the legal name of the company ”Grease Monkey Franchising, LLC.” whose principal business address is 5575 DTC Parkway, Suite 100 Greenwood Village, CO 80111 USA.
Franchise Legal Name: Grease Monkey Franchising, LLC
Franchise Trade Name (DBA): Grease Monkey
Founded: 1978 in Denver, USA
Founder: Grease Monkey Holding Corporation
Current Owner: MOP GM Holding, LLC
CEO: Rob Lynch
Operating Status: Active
Started Franchising: 1979
Industry: Automotive Maintainance
The Total Number of Franchise Units Worldwide: 502
The Total Number of U.S Based Franchisee-Owned Units: 194
Investment Cost for Starting One Franchise Unit in the USA:
- from $187,316 to $688,452 for Traditional Locations
- from $203,150 to $989,800 for Traditional Locations + car wash option
Average Gross Sales per One U.S.-Based Franchise Unit:
- $917,823.25 of Net Sales made average earning Grease Monkey franchise in 2021
Expected Franchise Owner Profit Margin From Gross Revenue:
N/A
Franchise Business Address:
- 5575 DTC Parkway, Suite 100 Greenwood Village, CO 80111 USA
Website: Franchise Opportunities | Grease Monkey
Phone: 800-364-0352
Franchising Inquiry E-Mail: Franchiseinfo@fullspeedautomotive.com
Grease Monkey Franchisee Initial and Ongoing Financial Requirements
Net Worth: $250,000
Liquid Assets/Cash Requirement: $60,000
Initial Fee Cost: $39,900
Ongoing Monthly/Weekly Franchisee Royalty Fees:
- Franchisor Royalty Fee: 6.0% of Gross Revenue
- Advertising Contribution Fee: 0.5% of Gross Revenue
- Local Advertising Fee: 4.0% of Gross Revenue
Number of U.S. – Based Grease Monkey Stores by Years
- In 2023, there were 502 Grease Monkeys stores opened worldwide; 194 of them were U.S-based franchisee-owned locations
- In 2022 there were 185 franchisee-owned and 166 franchisor-owned stores in the USA
- In 2021 there were 186 franchisees owned, and 55 company-owned stores operating in the USA
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In 2020 there were 181 franchisees owned, and 54 company-owned stores operating in the USA
Grease Monkey Average Annual Gross Sales Level per One Franchise Unit
- In 2021 an average-earning Grease Monkey franchised location made $917,823.25
Executives
Robert M. Lynch has been a Grease Monkey Chief Executive Officer since July 2022
Wesley E. Stephenson was appointed as Chief Operating Officer in October 2019
Ronald Stilwell was appointed as a Chief Development Officer in July 2021
Shane Jones has been Chief Financial Officer since January 2022
Tim Hartmann was appointed as a Chief Marketing Officer in April 2021