Are you weighing the pros and cons of opening an oil change franchise? Compare your options to see if a Grease Monkey franchise is a good investment for you or if another car franchise option is better.
Grease Monkey Focuses on Speed
Grease Monkey opened its first garage in 1978 and has grown to at least 475 locations worldwide by focusing on speedy, reliable oil changes and basic car maintenance. By emphasizing customer service, Grease Monkey aims to offer drivers a positive experience that’s completed with speed and skill. In addition to oil changes, Grease Monkey’s service team conducts courtesy checks to ensure vehicle maintenance is up to date with the manufacturer’s guidelines.
Assuming you lease your location, startup costs for a Grease Monkey franchise range from $187,316 to $688,452, which includes a franchise fee of up to $39,900. Grease Monkey shops are located primarily in the Midwest, with international units in Mexico, China, Colombia, and Saudi Arabia. The oil change franchise is focused on franchise expansion and plans to add at least 150 new locations in 2022.
Grease Monkey is owned by Colorado-based FullSpeed Automotive, a franchisor of more than 700 service centers under a variety of brands. Its two flagship franchises are Grease Monkey and SpeeDee Oil Change & Auto Service.
The automobile industry is evolving as demand for electric vehicles increases. Having a nimble partner who can adapt to a changing marketplace is an important consideration for entrepreneurs with an eye to a future in the oil change industry. The decision to manage a retail location and invest in a franchise with a large parent company depends on your business aspirations (and your bank account). If you want to partner with a secure but lower-cost family-owned franchise and have a flexible schedule, Creative Colors International might be a great alternative to a Grease Monkey franchise.
CCI’s Mobile Solution
Learn why a franchise with Creative Colors International may help you achieve your goals of owning a profitable business in the automotive industry. CCI is the mobile leader in leather and vinyl restoration. Our mobile vans travel to car dealerships, RV retailers, marinas, commercial businesses, and homes to repair rips, tears, scratches, burns, and fading in leather and vinyl products. Making repairs can save customers up to 90% in replacement costs, and our environmentally friendly products provide a sustainable solution.
- Family-owned business. We are a family-owned business, and our second-generation leadership team has the knowledge and expertise to help scale your business.
- Low initial investment. With a low investment of $86,980 to $133,500, including a franchise fee of up to $49,500, CCI franchise owners gain access to a future in leather and vinyl restoration. We offer special discounts to veterans pursuing entrepreneurship. Our partnership with Guidant Financial makes it possible for its clients to purchase a franchise using retirement funds without being subject to taxes or penalties.
- B2B and B2C model. Investing in a mobile franchise with customers in the automobile industry allows car aficionados like you to work in your dream industry. You can take advantage of a savvy business model that offers multiple revenue streams to help you weather economic fluctuations and quickly adapt to changing technology in the aftermarket auto industry. CCI franchise owners can build business-to-business relationships and schedule residential customers.
- Our franchise owners aren’t tied to an expensive commercial retail location. Operating from a mobile van gives our franchise partners flexibility. As a franchise owner, you’ll have the ability to create your own schedule and work at your own pace, making the dream of work-life balance attainable.
Download CCI’s Franchise Kit