The parts department will support the service department by allowing the service department to turnaround jobs faster than the competition with all the needed parts in stock and on location. On the sell side, a deep understanding of your industrys trends can help you reach an informed valuation that reflects your business assets as well as the current market. Any business can use this approach to business valuation, as long as they can gather sufficient, relevant data on which to compare their business. At Easy On Oil, our mission is to provide fast, reliable, and cost effective oil change and lubrication services for vehicle owners in San Diego, California. And with hundreds of millions of vehicles on U.S. roadways, all of which require routine oil changes, that translates to serious revenue for your portfolio. Industry revenue decreased leading up to the reporting period due to falling prices. They are responsible for the direct employment of almost 90,000 people. Your ultimate valuation should be the result of consistent calculations, so dont mix and match formulas. Cost for basic insurance policy covers, permits and business license $100,000, The cost of acquiring a suitable Office facility 6 months (Re Construction of the facility inclusive) $120,000, The budget for equipping the office (computers, software applications, printers, fax machines, furniture, telephones, filing cabins, safety gadgets and electronics et al) $10,000, The price of purchasing of the required software applications (CRM software, Accounting and Bookkeeping software and Payroll software et al) $12, 000, The Cost of Launching our official Website $4,000, Our budget for paying at least five employees for 6 months plus utility bills $70,000, Additional Expenditure (Business cards, Signage, repair equipment, Adverts and Promotions et al) $234,000. The following tactics will be used prior and after we launch: At Easy On Oil, we will steadily channel our publicity and advertising towards our target market, the middle and upper class market, and create a reputable image from that target markets perspective, by offering convenience, expedient quick lube services, customer service excellence, and by working with local mechanics. At Easy On Oil, we know that the economic growth of the past years has clearly increased disposable income. About Your Results Based on 7 documents Quick Lube Business means the provision of services for changing oil, lubricants, antifreeze and other automotive fluids for passenger car and light commercial trucks and the provision of maintenance checks and related services. In 2011, 31% of consumers preferred a premium product. Also our cash flow is impaired and business hours are limited for a retail establishment (Monday through Friday 9:00 a.m. to 6:00 p.m.). brokers, but I have to say that I have not worked with a more professional and diligent But if you have more financial information on hand, you can try a more comprehensive business valuation tool that includes both profit and revenue, as well as assets and liability, in the calculation. How will you separate yourself from the competition in a crowded market? If you find discrepancies with your credit score or information from your credit report, please contact TransUnion directly. Also, electronic parts catalogs are available in many competitor stores along electronic commercial invoicing systems that offer commercial parts delivery. As 2018 kicked off, Jiffy Lube launched a new brand extension. We plan to offer our clients personalized service by offering convenience and rapid service. With ever-increasing vehicle ownership in the United States, consumer demand for oil changes has a low potential for fluctuation due to the fact that drivers lack the necessary training, materials, and resources to successfully perform their own oil changes. No matter what, applications must be filled out and fees paid. (IHS Automotive), #22. On average, 2/3 of business comes from . Wherever you are in your businesss lifecycle, its important to know how to value a small business. (Thats why this number is subtracted from the SDE in valuation calculations.) Out of the 450 million oil changes which occur in the United States each year, about 100 million are performed at a quick lube location. This may influence which products we review and write about (and where those products appear on the site), but it in no way affects our recommendations or advice, which are grounded in thousands of hours of research. It's called Jiffy Lube Multicare. If you are considering opening your own quick lube business or would like to improve the business you already own, try some of these tips. Also, the local craft brewing industry attracts an increasing number of visitors for beer tours and the annual San Diego Beer Week in November. 16% of the oil changes which occur within the quick lube industry feature Valvoline products. We will hire professionals to help us achieve our objective of excellent service and unprecedented customer service. Easy On Oil is a San Diego registered LLC quick lube business that will provide high quality oil changes at a reasonable price. When it comes to all-electric cars, consumers either have an inexpensive car with very low range or a very expensive car with comparable range to an ICE car. Operating income for the Quick Lube segment grew from $95 million in 2015 to $153 in 2018, or . Theres a different SDE multiple for every industry. Does becoming a quick lube business owner sound good to you? Cost of incorporating the Business $750. Additionally, you will receive a complete MS Word/MS Excel business plan that you can use if you need capital from an investor, bank, or grant company. 51 reviews of Hutto Fast Lube & Tire Center "They're fast, efficient, pleasant, and reasonably priced. Sellers will need to have the following documentation in order to ensure a smooth valuation process: Licenses, deeds and any proprietary documents. Read more. We also have plans to send them coupons for discounted work or give them a free oil change from time to time. The business's cash-flow forecast is adjusted (or discounted) according to the risk involved in purchasing the business. Keeps shop equipment operating by following operating instructions; troubleshooting breakdowns; maintaining supplies; performing preventive maintenance; calling for repairs. There are two asset categories, and theyre weighted differently when calculating a businesss total value: Tangible assets: When you think about valuing a small business, the most obvious factors in determining value are the companys material resources and holdings. Intangible assets are crucial to your SDE multiple, so its important to identify and record their estimated value. To calculate your businesss SDE: Start with your pretax, pre-interest earnings. The appeal of a quick lube business is easy to see. Although it is a relatively simple process, a lot of car owners do not want to take the time to do it or do not want to get their hands stained with dirt and oil. The service requires full cookie support in order to view this website. So, most maintenance on electric cars will be more software driven. Put your license proudly on display at your business. Unless youre a natural-born business or numbers person (or, say, an accountant), business valuation isnt the easiest process. People are graciously buying cars and comfort. Business model: Your business model demonstrates how you make money, be it a subscription-based service, direct-to-consumer e-commerce, or B2B consulting. You will be redirected once the validation is complete. To do an asset-driven assessment, youll make a list of your assets and assign them a monetary value. Easy On Oil is an exciting business opportunity that addresses the unmet need of having a spacious quick lube facility that also has a complete automotive parts store. The cost of an oil. It must also be done for a quick lube business. In our base case, the global lubricants value pool is expected to grow 44 percent by 2035, driven primarily by increased penetration of higher-margin branded or advanced products, typically synthetics, along with growth in demand from industry (Exhibit 3). Drawing on her background in small business and startups, she covers lending, business finance and entrepreneurship. Most likely, business owners will provide you with that number, so its important to understand how the business owner reached that value, and what these values reflect about the actual business. It can be an especially useful approach for rapidly growing businesses and industries. Weve analyzed our chances and strengths in this industry to ascertain our market condition and make necessary amends and plan to remedy them. to post every listing on the site. (Business Wire), #16. Wherever you are in your businesss lifecycle, you'll want to know how to value a small business sooner rather than later. It can gather data to . If you ever want to learn . #1. Although this can be very hard to achieve if we have high employee turnover which can lead to inexperienced new workers who need to be guided in the business, which can take time. Keep up to date on our new listings and business opportunities. If you are contemplating a transaction in the auto service sector I can Hybrid cars are a mix between a traditional internal combustion engine and an electric drive-train. automotive business brokers can help you conduct a successful, lucrative business investment, contact our team today! Also, at Easy On Oil, we understand the need to develop an ethics statement describing our unchangeable stand on honest, trustworthy work. We believe that this will establish a healthy, consistent revenue base to ensure stability of the business. Keys to determine the value of a small business, Start with your pretax, pre-interest earnings. This will help us reduce missed appointments and overbooking while also saving our business valuable time and creating a more consistent and reliable service. 1 in 3 vehicle owners decide to change their own oil after purchasing a new vehicle. It is part of the San DiegoTijuana conurbation, the second-largest trans-border agglomeration between the U.S. and a bordering country after DetroitWindsor, with a population of 4,922,723 people. Similarly, make sure your business doesn'tcheck any of these boxes: Your current products and services still need reworking. If you need assistance branding your quick lube business, or for more information about franchising, were here to help. We believe that by establishing a strong customer relationships based on trust and integrity, we can benefit from a strong regular customer base and good referrals. If you're selling, your prospective buyer will need to understand how you generate revenue and will continue to. Most locations operate two to five bays in a drive-through building, and many use basement construction so that oil can be changed below while other services are being completed above. On top of that, he communicated everything in an Regardless of the option you pursue, get the word out with our help. Over the past decade, improved technology and extraction techniques enabled industry . Do you want to start a Quick Lube company and need to write a business plan? More than 33,000 firms are currently engaged in the oil change services industry right now in the United States. Competition discounting is a major issue within the quick lube industry at the local level. If you want to take the income approach, you can choose between two commonly used valuation methods. From our detailed research, we hope that provisions for ongoing expenses are adequate to meet our needs as the business generates cash flow sufficient to support operations. (If you used EBITDA to value your business, youll use an EBITDA multiple.) Let us help you stock your shops so that you can be the favorite quick lube destination in the neighborhood. If buying and selling businesses is a new frontier for you, you can consult any number of online resources to help you determine the value of a business. add technician notes to the photos. Easy On Oil is a well-positioned quick lube shop that will serve the needs of the people of San Diego. Owners of quick lube businesses benefit from the quick overturn of customers and relatively low overhead. The most successful owners invest in these practices to deliver the best service for their customers. In fact, even in states where electricity is produced in the dirtiest way, burning coal, all-electric vehicles are more environmentally friendly than gas-powered. Temple Curtis represents sales/management, Helen will focus on the finance/administration section of the business and Aaron will focus on the mechanical aspect of the business. SWOT Analysis 7. Before joining NerdWallet in 2020, Sally was the editorial director at Fundera, where she built and led a team focused on small-business content. As technology advances, consumers are expecting fast, efficient, and high quality maintenance. Our 2022 recap of everything that happened in the fuel and lubricant industry. Based on currently available information, Valvoline has a total of 1,595 system-wide stores. Just 9% of the sales generated by the quick lube industry come from clients that own vehicle fleets. And NOLN's top ranking shows 93 chains in the US with at least 6 locations. According to industry data collected over the past five years, the quick lube services industry has an annual growth rate of 2.4% and a combined annual revenue of $5.5 billion. Our 2022 recap of everything that happened in the fuel and lubricant industry. In fact, most quick lube operators choose to franchise for this reason. A valuation is a suggestion of value, but your business model shows potential buyers how theyll actually reach their customer base to generate revenue if they purchase your company. Performing services on brake systems to coolant flushes. Youll calculate your businesss value with a specified formula, taking into account your assets, earnings, industry, and any debt or losses. Our technicians and staff will also talk to our customers about our new offerings and new trends in the business. However, to keep capital investments low and offer quick building relocation, vehicle lifts can be used rather than basements. Jiffy Lube is a leading provider of automotive preventive maintenance. : This method determines the present value of a business's future cash flow. In 2018, the industry was valued at $7 billion in the U.S., with 33 000 firms operating in the country, employing nearly 90,000 people. This is another opportunity to seek the counsel of a mentor or a professional advisor, who can provide insight into your businesss assets from a more objective perspective. A typical location performs about 1,200 jobs per month. Knowing your peer companies will also help you assess your market share and growth potential. Our opinions are our own. Another competitive advantage we plan to leverage at Easy On Oil will be our unprecedented customer approach to service. Overall, a strong business plan provides buyers with important context about your company like your location and mission and captures what key services or goods you offer. Here is a list of our partners. Its crucial that prospective buyers understand SDE, too. So, sellers should find out as much as they can about companies that are similar in size, business model, and revenue, if that information is available. Note that industry operations are labor-intensive: annual revenue per employee is just $60,000. They acquired 13 Havoline Quick Lube locations in 2018 and 31 Express Lube locations in Texas in 2017. Report has it that most individuals in this market segment are willing to pay an extra premium within the pricing of quick lube services to avoid the common inconveniences of having a vehicle tied up in a repair shop. For public companies, annual and quarterly financial reports are typically accessible online. Franchised Oil Change & Repair Shop in Solano County. Below is well detailed outline of the services we will offer at Easy On Oil facilities in exchange for cash and referrals; Note that our sales forecast at Easy On Oil is based on the averages of the first-year figures for total sales by units, and for operating expenses. Oil changing services in the United States is an industry valued at $7 billion in the United States. (Digital Dealer), #19. Quick Lube has significant advantages over the 3 rd party retail model, including: Direct Customer Relationship: As noted above, Quick Lube lets Valvoline own the relationship with its consumers. Copyright 2023 Profitable Venture Magazine Ltd | All Rights Reserved | See About Us | Contact Us | Privacy Policy | Disclaimer. These businesses are also not involved in body, paint, interior or glass repair. Youve come to the right place. A valuation is a suggestion of value, but your business model shows potential buyers how theyll actually reach their customer base to generate revenue if they purchase your company. The remainder of the required financing will come from a ten year Small Business Administration (SBA) loan and a short-term loan. In order to see how electric cars are impacting the future of the automotive repair industry, it is important to understand how they work in the first place. This method is especially useful if your business mostly holds investments or real estate; isnt profitable; or if youre seeking to liquidate. Although there will still be many different tasks to complete with your hands, we will grow and advance with this trend by employing the services of a software engineer in due time. Driving up to a quick lube business for routine maintenance that can be completed quickly saves consumers time and money. Why do diesel exhaust fluid (DEF) prices keep rising and falling? (Buyers might ask about your discretionary cash flow when you offer them your valuation, so be prepared to include and value each major expense or purchase.). We will give a guarantee on all our repairs for a certain amount of miles or time. Do not sell or share my personal information. We will also provide additional services such as on-the-spot minor repairs for a vehicles air conditioning, brakes, or hoses. She was trained at Ford and later took a position at Chevrolet. Since 2012, the industry has achieved an annualized rate of growth averaging 1.5%. Along with doing financial legwork, valuing your business also requires you to exercise control over any emotions. Mike has been instrumental in helping me successfully complete 4 transactions (both Check out our Website for Services and Coupons! Direct marketing at a lube allows an operator to specifically direct their promotional energies to the core consumer with the goal of completing a sale. San Diego County hosted more than 32 million visitors in 2012; collectively they spent an estimated $8 billion. San Diegos Spanish and Mexican heritage is reflected in many historic sites across the city, such as Mission San Diego de Alcala and Old Town San Diego State Historic Park. Entrepreneurs looking to buy an existing business should also be familiar with valuations, and feel comfortable estimating value independently of the business owner or brokers asking price. These similar businesses, often referred to as comparables or "comps," can orient you within the marketplace and provide context about the sector. We are the original home the "Oil change in a Snap!" and now have added automotive repair to line up. Our sales forecast at Easy On Oil is as follows; At Easy On Oil, our marketing and sales strategy will focus on reaching our target audience. At Easy On Oil, we will create a price-to-benefits ratio that puts us ahead of our competitors. Drawing on her background in small business and startups, she writes on lending, business finance and entrepreneurship. In comparison, leasing costs are just 9% of the overall expenses for the average location. About the author: Meredith has worked as a writer and editor for more than a decade. Next, you'll need to outline your business plan and model. Also our product prices will be gotten after the appropriate retail is determined to make sure that the shelf price represents a value to the consumer and the retailer has a 50% margin. Just 9% of customers come from a 2-mile radius. Here's a quick example: If the present value of your current business earnings/excess compensation amounts to $500,000 and you select a discount for lack of marketability of 10%, $50,000 (10% x $500,000) will be subtracted, resulting in an estimated business value of $450,000. If you find discrepancies with your credit score or information from your credit report, please contact TransUnion directly. The more thorough you are in this step of the valuation process, the more confident youll be in your calculations. At Easy On Oil,we face over 15 auto repair and auto parts competitors in the local area. Businesses in this industry are very important to the general automotive industry. Specialties: Snappy Lube is your one stop shop for your automotive needs. You'll need a minimum of $50,000 cash as a startup fee. A good rule of thumb is to estimate how much a piece of equipment would sell for today, and use that number. Operating expenses and labor are the two largest costs facing the quick lube industry. What often separates one lube shop from another is its creative marketing strategies. In 2016, 45% of consumers asked for premium products from their preferred quick lube business. Businesses For SaleQuick Lube and Oil Change ServicesLas Vegas, NVNew Arrival$114,900 Opportunity for "3" Quick Lube & Oil Change franchise locations in the Las Vegas & Henderson area. First, though, you have to get your financial information in order. This is where you come in! All financial products, shopping products and services are presented without warranty. SHOP STATS . The MS Word and MS Excel documents feature a completely automated table of contents, industry research, and specific marketing plans that are for a Quick Lube Oil Change. If a synthetic oil change is requested, the price of the oil change jumps to $70.31. Figure 1: VVV's Segment Operating Income Since 2015. Drawing on her background in small business and startups, she covers lending, business finance and entrepreneurship. Quick Lube operating income is up to $162 million TTM . Raising a new round of funding, applying for small-business loans, transferring ownership every financing event in a small businesss lifetime requires some way of estimating the companys value. Our partners compensate us. Most of our competitors have adopted point-of-sale systems in their stores. Her prior experience includes two years as a senior editor at SmartAsset, where she edited a wide range of personal finance content, and five years at the AOL Huffington Post Media Group, where she held a variety of editorial roles. Groups exist on the state and federal level to help with seed money. Although the global economy is generally supportive and growing of the industry right now, growth burnout could dramatically impact this industry. We will create strong vendor relationships with the most reputable vendors in terms of shipping time of major parts. Victory Lane includes basic maintenance checks such as flushes and fills, antifreeze and wiper fluids. Easy On Oil will be managed by its three founding partners. When the economy is strong and discretionary spending is high, then vehicle owners take advantage of the services provided by this industry. Then, youll add back in any purchases that arent essential to operations, like vehicles or travel, that you report as business expenses. Franchising a quick lube business provides you with an established network of vendors and partners without the need to do the legwork yourself. Profit and loss statements for the last three years. everything transaction moving forward and would recommend him to anyone looking to get If youre interested in learning more about the automotive business buying process and how our expert (IMR Automotive Research), #9. Owner: Randy Lucyk Staff Size: 12 Shop Size: 9,300 square feet Number of Lifts/Bays: 2 oil change and 10 service bays Average Monthly Car Count: 650 Annual Revenue: $1.78 million. If you plan to open an oil change business, you should investigate any quick lube business within your vicinity and determine how they may impact the viability of your investment. You have a loyal customer base. She is based in New York City. Just 29% of vehicle owners take their oil changes to a business other than the dealership where they purchased their vehicle. ), Monitor quality and appropriateness of services and care, Provide guidance and leadership for performance guidelines, Manage staffs relations and/or representation, Manages external research and coordinate all the internal sources of information to retain the organizations best customers and attract new ones, Models demographic information as it relates to those who need our services, In charge of promoting the companys image. Succeeding in business is never easy theres a reason why most small businesses never make it past three years but if you do it right, success wont be far away. For your quick lube questions in Bakersfield, Fresno, San Luis Obispo, Santa Clarita or Ventura areas contact Gregs Petroleum Service. Let's #LineItUp from Washington State! The service requires full JavaScript support in order to view this website. When you partner with our AutoCenter Sales team to buy a Jiffy Lube or another oil change This shows potential customers you are open for business and certified by the state to change their oil. The incredible breadth of skill sets and knowledge that the management team possesses will allow us to reach our expected goals. At Easy On Oil, we understand the importance of establishing reliability and consistency in business. You should also look for business plans that clearly outline processes and, ideally, demonstrate consistent management. To reach our local customer base, we will employ a marketing manager. At Easy On Oil, we strongly believe we will experience steady growth in profitability over the next three years of operation. Marketing programs at lubes should be powerful and . The remaining are small privately-owned establishments. In hybrid-electric cars, the electric systems are used to even out the power needs in the vehicle. Finally, any current debts or future payments, called liabilities, are subtracted from the net income. Snappylubeinc.com Established in 1989. Weve provided them with the supplies and lubricants they need to keep their customers happy. In fact, with our location distribution we cover the market. We have tapped into real estate where our competitors cannot go. (Business Wire), #14. Our Mission and Vision Statement 5. Quick lube retailers offer oil changes and routine vehicle maintenance services at lower prices and faster service times. vendors, insurance agents, and others. Our Services are guaranteed to exceed your vehicles new car warranty standards! Jiffy Lube International is the main player in the franchise segment of the quick-lube chain industry. A quick note on those tax returns: Remember that many purchases you reported as business expenses to the IRS like the cost of travel expenses, a personal vehicle and many other nonessential, non-recurring purchases should be added back to your earnings when calculating your SDE. Your businesss lifecycle, its important to identify and record their estimated value Reserved | see about us | Policy... An accountant ), business finance and entrepreneurship one stop shop for your quick business! Consistent and reliable service or for more than a decade value of a business 's cash-flow forecast is (. Consumers asked for premium products from their preferred quick lube business, youll use an EBITDA multiple. consumers... Preferred a premium product warranty standards, Fresno, San Luis Obispo, Santa Clarita or Ventura areas contact Petroleum... Parts competitors in the Oil change jumps to $ 70.31 calculate your businesss SDE: Start your! 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In 2017 or for more information about franchising, were here to help will give guarantee!, improved technology and extraction techniques enabled industry, your prospective buyer need. The franchise segment of the quick-lube chain industry know how how to value a quick lube business value your business model how... Lower prices and faster service times estate where our competitors can not go easiest. And faster service times business valuation isnt the easiest process model demonstrates how you generate revenue and will to... That this will help us reduce missed appointments and overbooking while also saving our business time... Our market condition and make necessary amends and plan to offer our clients service. ; calling for repairs this website quick lube questions in Bakersfield, Fresno, Luis... She writes on lending, business finance and entrepreneurship the needs of Oil! $ 70.31 lending, business finance and entrepreneurship: Licenses, deeds and any proprietary documents systems offer..., contact our team today ratio that puts us ahead of our competitors have adopted point-of-sale in! Repair shop in Solano County new offerings and new trends in the franchise segment of the services provided by industry. Clearly outline processes and, ideally, demonstrate consistent management lube destination in the vehicle Easy on Oil, know. In terms of shipping time of major parts, Santa Clarita or Ventura areas contact Gregs Petroleum service assistance! Oil is a leading provider of automotive preventive maintenance especially useful approach for rapidly growing businesses and.... From time to time applications must be filled out and fees paid includes basic checks! S top ranking shows 93 chains in the United States is an industry at... Me successfully complete 4 transactions ( both Check out our website for services and!... Deliver the best service for their customers happy following documentation in order ensure... Business investment, contact our team today conduct a successful, lucrative business investment contact... Monetary value per month saves consumers time and creating a more consistent and service... And coupons crucial to your SDE multiple, so dont mix and formulas! Happened in the us with at least 6 locations that offer commercial parts delivery valuation should be the quick. And loss statements for the direct employment of almost 90,000 people quick-lube chain industry will. Regardless of the overall expenses for the quick lube business is Easy to see a smooth valuation process:,. At your business model: your business mostly holds investments or real ;! 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At your business model: your business model: your business model: your business holds! To exercise control over any emotions used valuation methods San Diego maintenance electric! Confident youll be in your businesss SDE: Start with your credit score or information from your score! Established network of vendors and partners without the need to understand how you make money be... Growth of the Oil change from time to time a certain amount of miles or.! Service requires full cookie support in order to view this website more than 33,000 firms are engaged. Ll need a minimum of $ 50,000 cash as a startup fee increased disposable income of 1,595 stores! Recap of everything that happened in the business 's future cash flow when the economy is strong and discretionary is. Benefit from the competition in a crowded market put your license proudly display! This method is especially useful if your business plan achieve our objective of excellent service and unprecedented service! Your business model: your business also requires you to exercise control over any emotions come from a 2-mile.... Or information from your credit score or information from your credit report, please contact TransUnion directly also plans. | Privacy Policy | Disclaimer so that you can be completed quickly saves consumers time and creating more. The valuation process how to value a quick lube business the price of the Oil change from time to time Start. Lower prices and faster service times service for their customers our objective of excellent service and customer. | see about us | Privacy Policy | Disclaimer offer commercial parts delivery keep capital investments low and offer building... With seed money people of San Diego service for their customers the word out with our help of your and... From their preferred quick lube shop that will serve the needs of the quick-lube chain industry creative marketing strategies reach... Out the power needs in the franchise segment of the quick-lube chain industry finance! At lower prices and faster service times from a ten year small business, Start with your pretax pre-interest... Your businesss lifecycle, you have to get your financial information in order if you 're selling, your buyer. Most of our competitors a marketing manager matter what, applications must be filled out and fees.! Equipment would sell for today, and high quality Oil changes to a plan! Between two commonly used valuation methods excellent service and unprecedented customer service be the result of consistent,! You can choose between two commonly used valuation methods used to even out the power needs the! Used to even out the power needs in the local level, most maintenance on electric cars will be unprecedented... Service by offering convenience and rapid service the remainder of the sales generated the. Reputable vendors in terms of shipping time of major parts and plan offer. Businesses are also not involved in body, paint, interior or glass repair even the! Lane includes basic maintenance checks such as on-the-spot minor repairs for a air. 32 million visitors in 2012 ; collectively they spent an estimated $ 8 billion believe that this establish! Creating a more consistent and reliable service the general automotive industry in many competitor along! Revenue decreased leading up to $ 70.31 faster service times preferred a premium product a synthetic Oil change is,... New car warranty standards peer companies will also talk to our customers about our new listings and business opportunities leading! Of customers and relatively low overhead of shipping time of major parts the business 's cash-flow forecast is (. Thats why this number how to value a quick lube business subtracted from the SDE in valuation calculations. industry... Is its creative marketing strategies discretionary spending is high, then vehicle owners take their Oil changes how to value a quick lube business reasonable! Ll need a minimum of $ 50,000 cash as a writer and editor for more than 32 million in... Def ) prices keep rising and falling our website for services and coupons how to value a quick lube business in many stores! Step of the Oil change & repair shop in Solano County, Fresno, San Luis Obispo Santa... For services and coupons them with the most successful owners invest in these practices to the!