See How Our Business Model Has Helped Our Owners Succeed
If the new year has you thinking about starting your own business, you’ve probably been looking for the business that’s right for you. We’d like to show you why Grease Monkey® is one of the best franchises for 2023.
Grease Monkey and its parent company, FullSpeed Automotive®, are in a period of aggressive growth. FullSpeed, a leader in the automotive aftermarket repair industry, has more than 900 units across its brands, with a goal of reaching 1,000 units by the end of 2023.
The company is pursuing a strategy of acquisition and building out high-profile markets to further its growth, creating further efficiencies of scale for franchisees. Grease Monkey has available territories in many states, and we have conversion opportunities for those interested either in switching to the Grease Monkey brand or in selling their existing automotive business to us.
We’re excited about the new store model we’re rolling out for 2023: Our “Store of the Future.” Our new model has a number of advantages:
- Modular design, dramatically reducing costs and making store openings faster
- 15-minute express lanes that allow customers to stay in their cars
- A smaller footprint, lowering costs and making construction time shorter
- A fresh, eye-catching design that sets the Grease Monkey look apart
“With this new model, we feel we’ve maximized operational efficiencies to drive franchisee profitability,” said Ron Stilwell, President of Franchise.
The quick lube business is a massive industry with reliable demand. There are approximately 280 million vehicles on the road in the U.S., and those vehicles need oil changes. That demand is steady and resists economic downturns. In fact, Grease Monkey stores stayed open during COVID because they were considered an essential business.
We have a proven business model that has powered growth for more than four decades, and our leadership and development teams are experienced at guiding franchisees through the process. We’ll help you choose real estate, train your employees, and open your stores. Dedicated business coaches serve as an ongoing resource to help you boost revenue and ROI.
Finally, we have strong ROI. For fiscal year 2021, the average EBITDAR was 25.7% for the top quartile of sales averages based on franchisee-owned stores. See our financials for more information.
Grease Monkey is seeking those interested in multi-unit opportunities. Prime territories exist throughout the country, and thanks to the strong demand for oil changes, there are many opportunities for growth. In addition, we give franchisees discounts for opening their second and subsequent stores. While knowledge of the automotive aftermarket industry is encouraged, it isn’t required.
To learn more about the opportunities with our company, download our free franchise report.