Jiffy Lube Franchise Profile

Jiffy Lube franchises offer oil change and lubrication services for cars and light trucks, as well as light repair services. This brand offer franchise opportunities under the legal name of the company ”Jiffy Lube International, Inc.” whose principal business address is 150 N. Dairy Ashford, Houston, Texas 77079.


Franchise Legal Name: Jiffy Lube International, Inc.


Franchise Trade Name (DBA): Jiffy Lube


Founded: 1971, Utah, United States


Founder: Edwin H. Washburn


Current Owner: Shell USA, Inc.


CEO: Steve Ledbetter


Operating Status: Active


Started Franchising: 1979


Industry:  Automotive Maintenance


The Total Number of Stores Worldwide: 2,190


The Total Number of U.S Based Franchisee-Owned Units: 2,007


Investment Cost for Starting One Franchise Unit in the USA:

  • From $232,000 to $520,000 (excluding real estate costs)

Average Gross Sales per One Franchise Unit:

  • $961,675.30 in 2021

Expected Franchise Owner Profit Margin From Gross Revenue:

N/A


Franchise Business Address:

  • 150 N. Dairy Ashford HoustonTX 77079 USA

Website: Franchise Opportunities | Jiffy Lube


Phone:1-800-327-9532


Jiffy Lube Franchisee Initial and Ongoing Financial Requirements


Net Worth: $500,000


Liquid Assets/Cash Requirement: $250,000


Initial Fee Cost: $17,500 – $35,000


Ongoing Monthly/Weekly Franchisee Royalty Fees:

  • Franchisor Royalty Fee: 3-4% of Gross Sales
  • National Advertising Fund Fee: 1.5% of Gross Sales
  • Local Advertising Fee: 2.5% of Gross Sales

Jiffy Lube Average Annual Gross Sales Level per One Franchise Unit


  • In 2021, an average-earning Jiffy Lube franchised location made $961,675.30 in gross sales.

  • In 2020 average gross sales that these stores achieved was $822,225.96.

  • In 2019 the average earning franchised store of this brand had yielded $859,205.07 of Gross Revenue to its franchisees/owners.

Number of U.S. – Based Jiffy Lube Stores by Years


  • In 2023, 2,190 Jiffy Lube stores were opened in worldwide locations; 2,007 were U.S-based franchisee or franchisor-owned locations.

  • In 2022 there were 1,951 franchisee-owned and 55 franchisor-owned stores in the USA.

  • In 2021 there were 1,920 franchisees owned and 33 company-owned stores operating in the USA.

  • In 2020 there were 1,922 franchisees owned and ten company-owned stores operating in the USA.


Executives


Edward Hymes has been a Jiffy Director and President since March 1, 2020


Andrew Robertson was appointed as Director and Vice President of Finance and Treasurer in January 2020


Brett R. Sweeney was appointed as a Director on October 1, 2021


Edward Norris has been Vice President of Operations since October 1, 2021


Matthew Coward was appointed Vice President of Legal Operations on October 1, 2021.


Chris Dykes has been in the office of Vice President of Network Development since January 2017.


Sara L. Smith has been a Director of Marketing since June 2019.


Richelle Broussard has been the Franchise Development Manager of Jiffy Lube since August 2021.


Info Resources About Jiffy Lube Franchised Business

Written by:

Stuart MacPherson

Hi, I'm Stuart. I've been running my own small business since 2019 after leaving a successful career in finance. I created FranchiseTheory to share my enthusiasm for franchising and the franchise business model.

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