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 mechanics make money on oil changes?
They don’t make much money – if any – on oil changes and it eats up the time of skilled auto technicians who could be working on more profitable repairs. But that does not mean they are not important. Some auto repair shop operators actually “love” oil changes and never in their shops turn away an oil change.
How much does it cost to start a oil change business?
Startup Costs Summary
| Typical Range | |
|---|---|
| Franchise Fee* (2) | $25,000 – $50,000 |
| Pre-Opening (3) | $2,000 – $5,000 |
| Opening Advertising (4) | $10,000 |
| Working Capital (5) | $63,500 – $143,500 |
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.
Is changing oil yourself cheaper?
Well, truth be told, you don’t really save a lot of money changing your own oil. And if you include your labor costs, you are probably better off having a professional do it for you. You can cut your oil change costs by more than 50% if you decrease your frequency to a recommended once every 7,500 to 10,000 miles.
How much does it cost to get an oil change?
You will want to shop your competitors to ensure your price is appropriate to your neighborhood. A simple oil change averages between $25 and $55. Most services at a quick oil change shop will cost under $100, but accessories and parts like windshield wipers provide excellent profit margins.
How much profit can a mobile oil change make?
How much profit can a mobile oil change make? A fully booked oil change business can earn an annual profit of six figures. For example, assume a business does two oil changes per hour and charges $50 per oil change. Working 40 hours a week, 50 weeks a year the business would bring in a revenue of $200,000.
Is it affordable to get an oil change at Walmart?
Even with the current changes in the oil change rates, you can always compare them with other oil change stations and you will find them to be very affordable which is why the Walmart oil change prices should not be a reason as to why your car fails to perform effectively.
Do you lose money on an oil change?
Quite literally, on an at-cost oil change, the shop is losing money because they have to pay their mechanics for labor. They are hoping that they will be able to discover and get you to come back for much more profitable maintenance work. Maybe even have you add-on that $30 air filter change.
