How profitable is a mobile oil change business?
How much profit can a mobile oil change make? A fully booked oil change business can earn an annual profit of six figures. For example, assume a business does two oil changes per hour and charges $50 per oil change. Working 40 hours a week, 50 weeks a year the business would bring in a revenue of $200,000.
How much does a Take 5 oil Change franchise cost?
Franchise Facts Take 5 Oil Change has a franchise fee of up to $35,000, with a total initial investment range of $637,004 to $850,488.
What is a good mobile business to start?
10 Mobile Business Ideas You Can Take on the Road
- Food truck.
- Mobile hair salon/barbershop.
- Mobile pet grooming.
- Mobile gym.
- Bookmobile.
- Mobile bicycle repair.
- Pop-up flower truck.
- Mobile coffee cart/truck.
What kind of business is take 5?
We are Take 5, and we are proud to be the industry disruptor and automotive franchise to own. We took inspiration from the hospitality industry to transform the mundane task of getting an oil change into an enjoyable customer-focused experience.
Is Valvoline a franchise?
Franchise Description: The franchisor is Valvoline Instant Oil Change Franchising, Inc. (VIOCF). Franchisees operate a Valvoline Instant Oil Change service center, a quick-service engine oil change facility which offers chassis lubrication, certain routine maintenance checks and other automotive services.
How often do you need to change your oil?
1 Every 1,000 miles (1,609 kilometers) or every six months 2 Every 3,000 miles (4,828 kilometers) 3 Every 5,000 to 7,500 miles (8,046 to 12,070 kilometers) 4 Every 10,000 to 15,000 miles or every six months (16,093 to 24,140 kilometers)
How much oil does the United States produce per day?
In 2019, the United States produced 2 about 19.25 million barrels per day (MMb/d) of petroleum, and it consumed 3 about 20.46 MMb/d. Imports from other countries help to supply domestic demand for petroleum.
What should I check during an oil change?
With every oil change a preventative maintenance check is conducted. The following fluid levels are checked and filled as needed; antifreeze/coolant, differential fluid, transmission fluid,the transfer case fluid, power steering fluid and windshield washer fluid.
What is the oil change services industry in the US?
What is Oil Change Services industry in the US? Provides Market Size information to assist with planning and strategic decisions. Includes the necessary information to perform SWOT, PEST and STEER analysis. Helps you understand market dynamics to give you a deeper understanding of industry competition and the supply chain.
How much money do oil change shops make?
While an oil change business in itself makes very little profit, the addition of extra services for each customer raises the average profit margin up to 35 percent. Oil and lubrication service sales represent $1.6 billion in revenue for independent tire dealers every year, or $60,651 per dealer.
How many oil changes are performed each year?
In the United States, about 450 million oil changes are performed each year. There are about 250 million vehicles on the road which will require services at some point that can be provided by a quick lube location. (Digital Dealer) #17.
How long does it take to get an oil change?
This type of service can take from 30 to 45 minutes depending on the size of the shop and how busy it is. Some repair shops allocate several bays for “express services”, which in most cases are oil changes.
How much does a quick lube oil change cost?
The average price for a multi-point oil change within the quick lube industry is $36.82. If a synthetic oil change is requested, the price of the oil change jumps to $70.31.