Have you always dreamed of owning your own business? Do you have extensive experience working with vehicles, and want to maximize on those skills in an entrepreneurial endeavor? If you answered “yes” to either of these questions, opening a quick lube may be something worth considering. Here at Greg’s Petroleum Service, we represent both Chevron Havoline Xpress Lube and Valvoline Instant Oil Change and know what it takes to establish a new shop.
Here’s a look at what the process entails:
Location. We’ve all heard the saying “location is everything,” and that’s especially true when it comes to owning a quick lube business. To have the most success we recommend clients find what’s called a “Triple A” location. A “Triple A” location has high traffic flow, is near a high-end neighborhood where average household income is $75,000 per year or more, and where there are at least 3 cars per household. Unsure if your ideal location fits these standards? We can assist you in running a DMV study.
Demographics. Both Chevron Havoline Xpress Lube and Valvoline Instant Oil Change require future owners to conduct a demographic study before opening a business. This data helps to ensure a location is worthy of an investment. Demographic studies are conducted in three steps and look at the population and businesses within a 1-mile, 3-mile, and 5-mile radius. Ideally, you want to open a quick lube where you will serve a minimum of 20 vehicles each day.
Construction. This step is the most time consuming, as quick lube businesses require underground pits and trucks bays in addition to parking areas and garages. You will also need to acquire building permits while complying with all city, state, and federal construction regulations.
The process is time and energy intensive, but the benefits of opening a quick lube are countless. In fact, The 2017 Fast Lube Operator Survey found that on average 88% of quick lube businesses’ revenue comes from services provided in under 45 minutes and that the average ticket price is $76.46. Even more impressive? Quick lube businesses serve an average of 42 cars per-day, and during the last year, the percentage of sales attributed to oil changes grew by 56%.
The numbers don’t lie. Now is the perfect time to open your own quick lube business. The team here at Greg’s Petroleum Service will be happy to help you however we can. Give us a call at (661) 725 – 2078 or contact us in order to begin the process.
At Greg’s Petroleum Service, we pride ourselves in supplying the best oils, lubes, fuel and service in the Bakersfield, Fresno and Ventura areas. Services include fuel delivery, lubrication solutions, fleet fueling cards, and both gas station and quick lube franchising opportunities.