The process of exploring Valvoline Instant Oil Change is a journey in which you, as a potential franchisee, are looking to see if buying a franchise business would be a good fit for you. That includes evaluating tangible elements, like the financial return you could potentially make and the geographical market(s) you would enter. It also includes evaluating less tangible elements, like the business culture of our organization, the way we manage the franchisor/franchisee relationship, and the camaraderie among our franchisees.
A good fit is as important to us as it is to you, and in fact, we are evaluating you as closely as you are evaluating us. We recognize that each franchise candidate brings unique skills and abilities to the table. However, there are a several characteristics that are crucial for success. Some of these characteristics are tangible, others intangible, but they’re all non-negotiable. Do you fit the franchisee profile?–Here are the top 4 traits of a successful franchisee.
Successful Business Management Experience:
We’re looking for proven management experience with strong business acumen. An entrepreneurial mindset is a must; prior business ownership is a plus. Automotive experience is not required.
Development costs for a single VIOC service center range from $200,000 to $2,000,000 depending on whether you build or buy an existing facility, purchase or lease property, equipment, and signage. We require our franchisees to demonstrate financial stability with liquid assets of $300K to $800K and a minimum net worth of $1,000,000. Actual requirements for each franchisee will depend on your goals for market development strategy and the scope of your initial investment.
Great Leadership Qualities:
We are looking for self-starters who like working for themselves and building strong teams. Our most successful franchisees are smart, resourceful, involved, inquisitive, persistent, customer-oriented, and committed to continuously improving their businesses.
Commitment to Business:
Starting a business is hard work. As a Valvoline Instant Oil Change franchisee, you have the advantage of launching your business with the business tool kit we use in 900+ locations nationwide. We’re looking for franchise candidates who will embrace those tools, commit to the brand standard, and execute at a high level day in and day out.
The business ownership opportunity with Valvoline Instant Oil Change is an opportunity to be part of a successful national brand. Is buying a franchise business a good fit for you? That depends. Do you want to plug in to a readily scalable system that has been carefully created and optimized over our 25 years? Do you value the knowledge gained from collaborating with fellow franchisees? Is it important to you to be part of a system where the franchisor actually owns and operates their own stores?