Grease Monkey
$400,000
$39,900
351
1978
Greenwood,CO
Rob Lynch
Overview
HOW WE STAND OUT FROM COMPETITORS
We’re Not Owned by Our Suppliers
- We’re one of the largest oil change franchises that isn’t owned by an oil company. Our independence gives us the freedom to always pursue the best quality and the best prices for our franchisees and their customers.
Flexible Development Options
- Our construction and design plans are flexible, which allows you to take advantage of far more real estate opportunities (and potentially save time and money).
Happy Repeat Customers
- We enjoy high customer service ratings and a stellar repeat customer percentage. That creates a strong platform for the growth of your business.
Multi-Unit Opportunities Available Nationwide
- While most large oil change chains have stagnated, we expect to open hundreds of locations in the coming years. If you are looking to take on a swath of territory, we should talk.
Franchise Unit Trends and Revenue
351
17
$1,169,369
* in 2023
Franchise Fees
$39,900
Veteran's Fee: $29,900
6.0%
Gross Revenue
4.5%
Gross Revenue
Why Choose Grease Monkey?
The auto repair industry is massive, steadily growing, and resistant to downturns. Grease Monkey is a great business opportunity because more than 99% of the vehicles on U.S. roads need regular oil changes. While EVs are slowly gaining market share, it will be decades before they are the majority of cars on the road.
The auto aftermarket industry is strong because almost everyone in America drives. Americans cumulatively drive about 3.3 trillion miles per year, and are keeping their vehicles longer than ever before. According to research, the average vehicle in operation in 2023 was 12.5 years old; 25% of cars are 16 years old or older. Drivers understand that to extend the life of their vehicles, routine maintenance is a must.
Of the 297 million vehicles projected to be on American roads in 2024, 99% require oil changes. Despite the attention EVs receive, it’s expected to take several decades for them to outnumber gas-powered vehicles. According to the New York Times, analysts expect EVs to make up a quarter of new car sales in the U.S. by 2035, but only 13% of the vehicles on the road, because of older vehicles still in operation.
If and when EVs become the majority of vehicles on the road, we’ll be ready. EVs may not need engine oil, but they still need brake fluid, coolant, brakes pads, cabin air filters, batteries, and other routine maintenance items. Grease Monkey is already studying the market for EV maintenance and developing plans for this eventual transition.
Starting Costs and Investment Requirements
$251,816 - $821,052
$600,000
$400,000
Training and Support
The training process is very important to our customers. Studies show that customers want to know that your employees are certified. At Grease Monkey, employees wear pit crew shirts to show their certification. You’ll become certified, too.
The first step of your training is learning our proven system. Our online training platform, FullSpeed Automotive University, is available 24/7. The training is very robust and has more than 230+ courses – some of which are required. This is the platform you’ll use to train your own people. In addition, you’ll spend a week in Denver at our New Franchisee Training School, and we’ll show you how to differentiate Grease Monkey from other quick lube businesses.
Our Training School includes:
- Grease Monkey processes that go beyond the oil change to leave a strong customer impression
- Staff presentations to help you understand key business systems
- Presentations from key vendors to help you understand some of the resources that will help you run your business
- Role playing
FullSpeed Automotive University Online includes:
- 24/7 training
- 230+ custom courses
- Pit Crew Certification courses
- Access to advanced mechanic courses to help employees expand their skills and certifications
- Training on customer experience
Additional Opportunities:
- Advanced Managers Training School
- Webinars twice a month
- In-store Field Training
- Conventions
History
Founded in 1978 and based in Denver, Grease Monkey has grown to more than 500 centers internationally with operations in the United States, Mexico, China, Colombia, and Saudi Arabia. The brand has flourished, thanks to a commitment to customer service, innovation, and driving strong ROI for franchisees.
Grease Monkey’s success has been built upon fast, reliable oil changes and courtesy checks that help extend the life of our customers’ vehicles.
Grease Monkey is part of FullSpeed Automotive®, one of the largest and fastest-growing quick lube organizations not owned by an oil company. FullSpeed is focused on helping franchisees open new businesses while also acquiring auto service centers from independent operators who are ready to sell. The goal is to use economies of scale to boost purchasing power and support for every location — whether the location is owned by a franchisee or by FullSpeed Automotive itself.
Grease Monkey believes that the best way to build a successful business is to instill a strong culture within the organization. We all rely on one another for the brand to be successful. We work hard every day to earn the trust of franchisees, just as you work to earn the trust of your customers and employees.
Ideal Candidate
Grease Monkey offers tremendous franchise support to help you get started and grow your business. Even if you don’t have automotive repair experience and are simply exploring the industry because of its stability and strong margins, you can be assured that you will be backed by a large franchise support team dedicated to your success. We provide training, marketing support, and a wide range of tools to help you find customers and serve them well.
We look for people who have the drive to constantly improve, and the willingness to share ideas and ask questions. We look for people who treat others with respect, honesty, and consideration. We look for leaders who will empower their employees and who enjoy watching them develop new skills and advance their careers.
Each candidate must complete the path to ownership process. The process is designed to evaluate a potential partnership by helping you gain a deep understanding of the brand and culture and by helping us understand more about you. Part of that process includes your franchise sales representative pitching your skills, experience, and financials to our executive team. This team will determine if you are right for the brand and if you qualify. We don’t sell franchises — we award them to the right people who we feel would make a great Grease Monkey franchisee.
