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Home >> Automotive >> Tune Ups, Lubes, & Oil Related
| Indy Lube |
Submit an online form to receive information from Indy Lube. You may receive some or all of the following:
|
Business Description
INDY LUBE oil change centers specialize in fluid maintenance of both passenger and light industrial vehicles. Each INDY LUBE facility is up-scale with a spacious reception room with television, wallpaper and courtesy phone. The INDY LUBE full-service oil change includes a 20-point safety and fluid check. Each center also has a point-of-sale computer system.
Franchisor Background
Year Established: 1986
Franchising Since: 1989
North America:
States/Provinces with the largest number of operating units:
Registered in Following Registration States: Indiana
Financial Requirements
Average Number of Employees: 4 Full-time, 2 Part-time
Space Needs (in square footage): 2,100
Preferred Sites: Free-standing Building
Other Sites:
Encourage Conversions? No
Earnings Claims Provided?: No
INDY LUBE oil change centers specialize in fluid maintenance of both passenger and light industrial vehicles. Each INDY LUBE facility is up-scale with a spacious reception room with television, wallpaper and courtesy phone. The INDY LUBE full-service oil change includes a 20-point safety and fluid check. Each center also has a point-of-sale computer system.
Franchisor Background
Year Established: 1986
Franchising Since: 1989
| Operating Units: | |||||||||||||||||||||||||||||||
Franchised Units: | 10 | 35.7% | | ||||||||||||||||||||||||||||
| Company-Owned Units: | 18 | 64.3% | |||||||||||||||||||||||||||||
Total Operating Units: | 28 | 100.0% | |||||||||||||||||||||||||||||
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States/Provinces with the largest number of operating units:
| Density | Units |
| 1. Minnesota | 6 |
| 2. Indiana | 22 |
Registered in Following Registration States: Indiana
Financial Requirements
| Investment: | |
| Minimum Net Worth: | $100K |
| Cash Investment: | $50-90K |
| Total Investment: | $250-450K |
| Average Total Investment: | $350K |
| Fees: | |
| Initial Franchise Fee: | $7.5K |
| Average Franchise Fee: | $8K |
| On-Going Royalty: | 5% |
| Average Royalty: | 5% |
| Advertising Fee: | 5% |
Space Needs (in square footage): 2,100
Preferred Sites: Free-standing Building
Other Sites:
Encourage Conversions? No
Earnings Claims Provided?: No
| Franchisee Qualifications | |||||||||
Ranked from 1 (unimportant) to 5 (important): | |||||||||
| Financial Net Worth: | 4 | ||||||||
| General Business Experience: | 5 | ||||||||
| Specific Industry Experience: | 4 | ||||||||
| Formal Education: | 3 | ||||||||
| Psychological Profile: | 1 | ||||||||
| Personal Interview(s): | 4 | ||||||||
| Terms of Contract | |||||||||
| Term of Initial Contract: | 20 Year(s) | ||||||||
| Term of Renewal Period: | 5-10 Year(s) | ||||||||
| Passive Ownership: | Allowed, But Discouraged | ||||||||
| Area Development Agreements? | Yes, for 1 Year(s) | ||||||||
| Sub-Franchising Contracts? | No | ||||||||
| Franchisees Allowed to Expand Within Territory? | Yes | ||||||||
| Support and Training | |||||||||
| International Franchise Association: | No | ||||||||
| Canadian Franchise Association: | No | ||||||||
| Franchisee Association/Member: | No | ||||||||
| Size of Corporate Staff: | 10 | ||||||||
| Site Selection Assistance? | Yes | ||||||||
| Lease Negotiation Assistance? | Yes | ||||||||
| Financial Assistance? | Yes, Direct | ||||||||
| Marketing Support: | |||||||||
| Co-Op Advertising: | No | ||||||||
| National Advertising: | No | ||||||||
| Regional Advertising: | No | ||||||||
| Local Advertising: | No | ||||||||
| Marketing Materials: | None Specified | ||||||||
| Additional Services: | None Specified | ||||||||
| Other Marketing Support: | None Specified | ||||||||
| On-Going Support: | |||||||||
| Central Data Processing: | At Additional Cost | ||||||||
| Central Purchasing: | At Additional Cost | ||||||||
| Field Operation Evaluation: | Included in Fees | ||||||||
| Field Training: | Included in Fees | ||||||||
| Initial Store Opening: | Included in Fees | ||||||||
| Inventory Control: | Included in Fees | ||||||||
| Franchisee Newsletter: | Included in Fees | ||||||||
| Regional or National Meetings: | Included in Fees | ||||||||
| 800 Telephone Hotline: | Included in Fees | ||||||||
| Training: | |||||||||
| 1. Headquarters | 2-3 Weeks | ||||||||
| Expansion Plans | |||||||||
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Submit an online form to receive information from Indy Lube. You may receive some or all of the following:
|
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