How profitable is the oil change business?

How profitable is the oil change business?

Most services at a quick oil change shop will cost under $100, but accessories and parts like windshield wipers provide excellent profit margins. With most franchises in the industry raking 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 does it cost to start a oil change business?

Expect to invest at least $250,000 for a two-car facility, initial training, and media launch for your location. Multiple franchise opportunities can help you corner the local market and provide assistance for your initial growing pains.

What is the best oil change franchise?

Here are the top 10 best automotive oil change franchises in the USA

• Valvoline Instant Oil Change. Founded in: 1986.
• Jiffy Lube.
• Strickland Brothers 10 Minute Oil Change.
• Grease Monkey.
• Express Oil Change & Tire Engineers.
• SpeeDee Oil Change & Auto Service Center.
• Victory Lane Quick Oil Change.
• Take 5 Oil Change.

How much do oil changers make?

The salaries of Oil Changers in the US range from $16,024 to $48,580 , with a median salary of $21,010 . The middle 50% of Oil Changers makes between $19,478 and $20,696, with the top 83% making $48,580.

Where can I get an oil change done?

If you just want your oil swapped out, there are plenty of national auto shops that specialize in quick, affordable service: Some shops offer other maintenance services, while others only do oilchanges or other fluid-related services like radiator and transmission flushes.

What can I do with an oil change business?

An oil change business keeps neighbors’ cars maintained and on the road by offering regular services such as oil changes, windshield wiper replacement, and air conditioning recharging.

Are there any other franchises for oil change?

With there being a large number of competing oil change franchises and other automotive repair services it is important to ensure that marketing and advertising campaigns are implemented to attract customers.

How many oil change shops are there in the US?

These are often drive-thru businesses and will usually provide an oil change without the need for an appointment. This helps to keep the process quick and easy for customers, and so keeps business flowing. There are over 7,000 oil change and lubrication shops in the US, with average sales of over $900,000 per year.

If you just want your oil swapped out, there are plenty of national auto shops that specialize in quick, affordable service: Some shops offer other maintenance services, while others only do oilchanges or other fluid-related services like radiator and transmission flushes.

An oil change business keeps neighbors’ cars maintained and on the road by offering regular services such as oil changes, windshield wiper replacement, and air conditioning recharging.

These are often drive-thru businesses and will usually provide an oil change without the need for an appointment. This helps to keep the process quick and easy for customers, and so keeps business flowing. There are over 7,000 oil change and lubrication shops in the US, with average sales of over $900,000 per year.

Which is the best franchise for an oil change?

Many car and vehicle owners are going to be more likely to visit an oil change business that has a positive reputation within the industry. It is important for the franchise to maintain a positive image within their industry across each of the franchised businesses.

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 do I start a oil change business?

Steps to Starting an Oil Change Business

1. Step 1: Write your Business Plan.
2. Step 2: Form a Business Entity.
3. Step 3: Name the Business.
4. Step 4: Select your Location.
5. Step 5: Register for Business Licenses and Permits.
6. Step 6: Find Financing.
7. Step 7: Open a Business Bank Account.
8. Step 8: Get your Marketing Plan in Place.

How much does it cost to put oil in a car?

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 anywhere from $65 to $125. Some people are handy and have the time and tools to replace their own oil and filter.

How much do oil change franchise owners make?

The profitability of individual oil change franchises depends upon marketing and location factors. According to Hoover’s Business Research Information, oil change businesses can earn an average of $600,000 in annual revenue. A typical oil change franchise location can expect to perform about 1,200 jobs per month.

Do auto shops make money on oil change?

That averages out to $39.18 per oil change, according to Modern Tire Dealer’s most recent Automotive Service Survey, well above the average advertised price for an oil change in the aftermarket (see sidebar). In addition, the average profit margin per job is 35%.

Why should you change your own oil?

Changing your own oil ensures that your car is getting the quality lubrication specified by the vehicle manufacturer. Changing your own oil actually saves time when you compare it to driving to a shop, waiting an hour, and driving back to your home or work.

How do I start a small oil company?

Getting into The Oil Business—How to Start Your Own Company

1. Decide where to invest. There are all sorts of companies in the oil and gas industry—from drilling your own wells to having your own filling station.
2. Make a business plan.
3. Identify your investors.
4. Build a great team.
5. Use top-notch equipment.
6. Check the regulations.

How long after putting oil in car can you drive?

Always make it a point to run your engine for a couple of minutes after every oil change. This is to allow the new oil to circulate throughout the engine including the oil filter and the journals. This is also a great chance for you to check for any leaks.

What is the best franchise to buy?

Best Franchises to Buy

• McDonald’s.
• 7-Eleven.
• Dunkin’
• The UPS Store.
• Popeyes.
• Sonic Drive-In.
• Great Clips.
• Taco Bell.

Are oil changes loss leaders?

Let’s start with the low price gimmick. A loss leader is a product or service sold at a loss to attract customers. The cheap oil change is a loss leader for most companies.

Do you change your own oil in your car?

There are many great reasons why a vehicle owner may prefer to handle their own oil changes. To start with, oil changes are relatively easy to tackle, even for those who are brand new to DIY car maintenance. Changing your own oil can save you a lot of time and money, especially over the long haul.

What’s the best way to add oil to your car?

Purchase the right oil for your car. Check your owner’s manual to see what oil is right for your car, or talk to your mechanic. Do not switch away from the recommended oil unless you have a very good reason — it will not necessarily make your car perform better unless it is made for that oil. Pop the hood of the car.

Where can I take my used motor oil?

Don’t worry if you’re not quite sure where to take your oil or if the nearest recycling center is a little off the beaten trail for you. Most AutoZone stores accept used motor oil, as well as other sensitive recyclables (like batteries). Get in touch with your friendly neighborhood location today for all the details.