Strickland Brothers 10 Minute Oil Change is a quick-service automotive brand providing oil changes and routine maintenance. The franchise offers chassis lubrication, certain routine maintenance checks and other automotive services.
Key Insights
- Strickland Brothers 10 Minute Oil Change was founded on core principles that quality service should be both accessible and reliable for all customers, establishing operational frameworks that ensure consistent delivery while maintaining flexibility to adapt to individual needs and preferences.
- Documentation processes create comprehensive records that support insurance claims, warranty protection, and future maintenance needs, providing property owners with detailed information about restoration work and materials used for long-term reference and peace of mind.
- Urbanization patterns increase demand for convenient services that save time and effort for busy consumers, creating opportunities for businesses that can provide efficient, reliable service delivery while maintaining quality standards and customer satisfaction.
Franchise Fee and Costs to Open
Exploring the financial picture of Strickland Brothers 10 Minute Oil Change gives insight into both the upfront commitment and the potential revenue opportunity. According to FDD Item 7, opening this franchise typically involves an investment in the range of $247,900 - $2,143,400, along with a franchise fee of $54,900 - $54,900.
Financial Performance and Revenue
Yearly gross sales of $655,917 and estimated earnings of $65,592 - $78,710 show the potential financial performance of this franchise. These figures are crucial for prospective franchisees as they help to project revenue and profitability. They offer insight into the business's ability to generate income and can be used to compare its performance against other investment opportunities. The Franchise Payback Period of 17.1-19.1 provides an estimation of the time it might take for an owner to recover their initial investment. This metric is a key consideration for anyone evaluating the financial viability of a franchise, as it relates directly to the speed at which the business can become profitable. A shorter payback period can indicate a faster return on capital, which is a significant factor in making an informed decision about a franchise investment.
Training and Resources
Strickland Brothers 10 Minute Oil Change provides new franchisees with comprehensive training. This initial training, lasting two weeks, is conducted at their corporate headquarters. The franchisor offers a robust support system and resources designed to assist franchisees in establishing their operations. This includes access to operational manuals and marketing materials.
Legal Considerations
Legal considerations for a Strickland Brothers 10 Minute Oil Change franchisee are defined by the Franchise Disclosure Document (FDD) and the Franchise Agreement. This franchise does not disclose lawsuits or bankruptcy information in its FDD, but prospective franchisees should still review all terms thoroughly. Consultation with a qualified attorney is essential before making commitments.
Challenges and Risks
Franchisees may navigate a landscape with established local competitors and the need for efficient, streamlined operations. Ensuring consistent customer service aligns with the brand's speed promise presents an ongoing focus. Dependence on the availability of specific parts and fluids for a diverse range of vehicles introduces a supply chain consideration.
Franchise Datasheet
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