Are Oil Change Shops Profitable?

Are Oil Change Shops Profitable?

Are Oil Change Shops Profitable??

How much does it cost to start a Valvoline franchise? How much does Valvoline franchise cost? Valvoline has the franchise fee of up to $30,000, with total initial investment range of $174,500 – $2,523,500.

Is it really cheaper to change your own oil? On a cost basis, if you own one of the more popular mainstream vehicles and usually get two or three oil changes done annually, you’re likely to save less than $20 each on average between the costs of having this service done at an independent shop or oil change chain and doing it yourself.09.03.2015

Is it bad to do your own oil change?

Are Oil Change Shops Profitable? – Related Questions

How much money do you save doing your own oil change?

On a cost basis, if you own one of the more popular mainstream vehicles and usually get two or three oil changes done annually, you’re likely to save less than $20 each on average between the costs of having this service done at an independent shop or oil change chain and doing it yourself.09.03.2015

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.

Is Valvoline Instant Oil Change 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 much does a full synthetic oil change cost?

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.

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.11.08.2020

How much does it cost to change car oil yourself?

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.

What is the cheapest place to get an oil change?

Walmart offers the cheapest oil change at just $19.88. Compared to a price tag around $40 at Jiffy Lube, Walmart lives up to the low-price hype when it comes to oil changes. You don’t need any coupons to get the $19.88 price, but realize that this low price is for conventional oil, not synthetic.10.03.2021

Is it more expensive to change your own oil?

On a cost basis, if you own one of the more popular mainstream vehicles and usually get two or three oil changes done annually, you’re likely to save less than $20 each on average between the costs of having this service done at an independent shop or oil change chain and doing it yourself.09.03.2015

How much can you make doing oil changes?

Job Title Salary
————————————————————— ——
Jiffy Lube Oil Change Technician salaries – 2 salaries reported $9/hr
Valvoline Oil Change Technician salaries – 2 salaries reported $13/hr
Valvoline Oil Change Technician salaries – 2 salaries reported $11/hr

Can I bring my own oil to Jiffy Lube?

Short Answer: Jiffy Lube typically allows you to bring your own oil for an oil change. This can help you save money — when you bring your own oil, some Jiffy Lube locations will just charge for the service, while others will charge per quart of oil changed.15.06.2020

How do I start a successful oil change business?

– STEP 1: Plan your business.
– STEP 2: Form a legal entity.
– STEP 3: Register for taxes.
– STEP 4: Open a business bank account & credit card.
– STEP 5: Set up business accounting.
– STEP 6: Obtain necessary permits and licenses.
– STEP 7: Get business insurance.

How much do you make changing oil?

Annual Salary Monthly Pay
————— ————- ———–
Top Earners $32,000 $2,666
75th Percentile $28,000 $2,333
Average $25,070 $2,089
25th Percentile $21,000 $1,750

How much does it cost to change oil in your own oil?

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.

Is it cheaper to buy your own oil?

If you are using synthetic oil on the other hand and getting it at a good price, then the savings can be huge. If you bring your own oil then they will charge you whatever the cost of a regular oil change is less approximately $10 for the oil they aren’t using.10.09.2013

What kind of oil does Jiffy Lube use?

Synthetic oil costs more than conventional oil, which is why Jiffy Lube® also offers synthetic blend. As the name suggests, synthetic blend is simply a mixture or blend of synthetic and conventional motor oils. Both its price and protection levels are in between conventional and full synthetic oil.

How do oil change places make money?

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 much does a Valvoline franchise make?

AVERAGE OPERATING INCOME PER STORE $282,067* While many other retailers have experienced declines in this incredibly challenging economic environment, the Valvoline Instant Oil Change still remains one of the most profitable franchises.

Frank Slide - Outdoor Blog
Logo
Enable registration in settings - general