Start a Strickland Brothers 10 Minute Oil Change Franchise in 2024

2024 Franchise 500 Rank: #423 Not ranked last year

Initial investment: $218K - $1.9M

Units as of 2023: 175 929.4% over 3 years

Strickland Brothers 10 Minute Oil Change started with a mission to provide the highest levels of service to all customers. In an industry that may tend to receive bad marks from customers, Strickland Brothers 10 Minute Oil Change believes it is changing everything by being friendly, dependable, and affordable.

Founded in 2016, Strickland Brothers 10 Minute Oil Change is named after two brothers whose pictures can be found in most every location. The focus on the family may have positioned Strickland Brothers 10 Minute Oil Change as a business dedicated to keeping families happy by ensuring that vehicles run in tip-top shape. Services offered by the brand include drive-thru oil changes, tire rotations, vehicle inspection, and efficient fleet services.

Why You May Want To Start a Strickland Brothers 10 Minute Oil Change Franchise

Customers may choose Strickland Brothers 10 Minute Oil change for its quality services, fair pricing, convenience, and excellent treatment. An ideal franchisee is committed to improving their community by upholding ethics and maintaining the high quality that Strickland Brothers 10 Minute Oil Change wishes to be known for. Of course, a passion for cars and fixing them is an added advantage that enhances customer and company goals alike.

What Might Make a Strickland Brothers 10 Minute Oil Change Franchise a Good Choice?

The automotive repair and maintenance services industry may always be in demand, possibly making Strickland Brothers 10 Minute Oil Change a fitting franchise opportunity. At Strickland Brothers 10 Minute Oil Change, preventative maintenance to keep vehicles running as they should is a specialty they are prepared to handle.

Strickland Brothers 10 Minute Oil Change;s signature 10-minute oil change is its most popular offering, making drive-thru maintenance an easy feat. As a franchisee, you may be able to expect to transform your hometown by meeting customer expectations with honest and accommodating services that make a difference.

Opening a Strickland Brothers 10 Minute Oil Change franchise may offer a more predictable outcome than investing in a completely new brand that could struggle to thrive in an already crowded and competitive industry.

How To Open a Strickland Brothers 10 Minute Oil Change Franchise

To be part of the Strickland Brothers 10 Minute Oil Change team, you should make sure you’re financially ready for an initial investment made up of a franchise fee and other startup costs. In addition, you should prepare yourself for ongoing fees that will include advertising, royalty, and potential renewal fees. Franchisees will also need to meet the company’s set net worth and liquid capital requirements.

Strickland Brothers 10 Minute Oil Change doesn’t look at franchisees as investors, but as a family. To support franchisees, Strickland Brothers 10 Minute Oil Change has developed a simple and scalable business model and training that prepares them for the market.

As you decide if opening a Strickland Brothers 10 Minute Oil Change franchise is the right move for you, make sure you take time to explore the opportunity. Research the brand and your local area to see if a Strickland Brothers 10 Minute Oil Change franchise would do well in your community. While competition is healthy, too much of it may not allow for the most possible growth.

Company Overview

About Strickland Brothers 10 Minute Oil Change

Industry	Automotive
Related Categories	Oil-Change Services
Founded	2016
Parent Company	Strickland Brothers 10 Minute Oil Change
Leadership	Justin Strickland, CEO & Founder
Corporate Address	301 N. Main St., #1000 Winston-Salem, NC 27101
Social	Facebook, Twitter, LinkedIn, Instagram

Business Overview

Franchising Since	2019 (5 years)
# of employees at HQ	75
Where seeking	This company is offering new franchises throughout the US.
# of Units	175 (as of 2023)

Information for Franchisees

Here's what you need to know if you're interested in opening a Strickland Brothers 10 Minute Oil Change franchise.

Financial Requirements & Ongoing Fees

Here's what you can expect to spend to start the business and what ongoing fees the franchisor charges throughout the life of the business.

Initial Franchise Fee Definition: The initial fee paid to a franchisor to join their system What you need to know: Found in Item 5 of the FDD, this may be a flat fee, or may vary based on territory size, experience, or other factors.The franchise fee is an up-front (one-time) cost that a new franchisee pays to the franchisor. This fee is usually due at the signing of the franchise agreement and covers the right to use the franchisor's trademarks, name, and related business systems.	$54,900
Initial Investment Definition: The total amount necessary to begin operation of the franchise What you need to know: The initial investment includes the franchise fee, along with other startup expenses such as real estate, equipment, supplies, business licenses, and working capital. This is outlined in a chart in Item 7 of the FDD, showing a range of possible costs from low to high.	$217,900 - $1,933,400
Net Worth Requirement Definition: The minimum net worth you must have in order to qualify to become a franchisee of this company What you need to know: Net worth is the value of a person's assets minus liabilities. Assets include cash, stocks, retirement accounts, and real estate. Liabilities include items like mortgages, car payments, and credit card debt.	$500,000 - $5,000,000
Cash Requirement Definition: The minimum liquid capital you must have available in order to qualify to become a franchisee of this company.	$250,000 - $1,000,000
Veteran Incentives Definition: A discount or other incentive offered to military veterans who buy a franchise with this company.	$5,000 off first-unit franchise fee
Royalty Fee Definition: A ongoing fee paid to the franchisor on a regular basis. What you need to know: Most franchisors require franchisees to pay an ongoing royalty fee, which is detailed in Item 6 of the FDD. This fee is typically a percentage of weekly or monthly gross sales, but may also be a flat weekly, monthly, or annual fee.	6%
Ad Royalty Fee Definition: An going fee paid to the franchisor on a regular basis to support advertising or marketing efforts. What you need to know: This may also be called advertising fee, marketing fee, brand fund fee, and more, but the basic purpose is the same-- to support promotion of the brand systemwide. As with the royalty fee, it is detailed in Item 6 of the FDD, and can be a percentage of weekly or monthly gross sales or a weekly, monthly, or annual fee.	2%
Term of Agreement Definition: The length of time your franchise agreement will last. What you need to know: Franchise terms are typically anywhere from 5 to 20 years in length, but are sometimes instead dependent on factors such as the term of your lease. Once your term is up, you may have the option to renew your agreement, typically for a smaller fee than the original franchise fee.	15 years
Is franchise term renewable?	Yes

Financing Options

Some franchisors offer in-house financing, while others have relationships with third-party financing sources to which they refer qualified franchisees.

Third Party Financing	Strickland Brothers 10 Minute Oil Change has relationships with third-party sources which offer financing to cover the following: franchise fee, startup costs, equipment, inventory, accounts receivable, payroll

Training & Support Offered

Franchisors offer initial training programs and a variety of ongoing support options to help franchisees run their businesses.

On-The-Job Training	65 hours
Classroom Training	25 hours
Ongoing Support	Purchasing Co-ops Newsletter Meetings & Conventions Toll-Free Line Grand Opening Online Support Security & Safety Procedures Lease Negotiation Field Operations Site Selection Proprietary Software Franchisee Intranet Platform
Marketing Support	Co-op Advertising Ad Templates National Media Regional Advertising Social Media SEO Website Development Email Marketing Loyalty Program/App

Operations

Additional details about running this franchise.

Is absentee ownership allowed?	Yes
Can this franchise be run from home/mobile unit? Definition: The business can be run from your home and/or a vehicle, and it is not necessary to have a retail facility, office space, or warehouse.	No
Can this franchise be run part time? Definition: This business can be run by the owner on a part-time basis (less than 40 hours per week) and/or as a side business; it is not necessary for the business to be open/run full-time.	No
# of employees required to run	6-10
Are exclusive territories available? Definition: An exclusive territory is a fixed area in which you are given the right to operate and in which no other units of the same franchise may be opened. What you need to know: Territory size may be based on factors such as radius, population size, zip codes, and more. Details can be found in Item 12 of the FDD.	Yes