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Victory Lane Quick Oil Change

VICTORY LANE QUICK OIL CHANGE is a low-overhead, high-profit, drive-thru, quick oil change operation. We also perform transmission flush, fuel injection cleaning, serpentine belts, radiator flush and other high-profit services. Most franchisees are multi-shop owners.

Franchisor Background

Year Established:

1980

Franchising Since:

1986

IFA Member

Operating Units:
Franchised Units:	34	85%
Company-Owned Units:	6	15%
	______	_____
Total Operating Units:	40	100%

Geographic Distribution:
U.S.:	40	100%	In 6 States
Canada:	0	0%	In 0 Canadian Provinces
International:	0	0%	In 0 Foreign Countries
	______	_____
Total:	40	100%

North America:
States/Provinces with the largest number of operating units:
Density	Units
1. Indiana	21
2. Michigan	21
3. Ohio	21

Registered in Following Registration States:

Illinois, Indiana, Michigan, Minnesota, Wisconsin

Financial Requirements

Investment:
Minimum Net Worth:	$80K
Cash Investment:	$40-80K
Total Investment:	$80K
Average Total Investment:	$80K

Fees:
Initial Franchise Fee:	$20K
Average Franchise Fee:	$20K
On-Going Royalty:	6%
Average Royalty:	6%
Advertising Fee:	1%

Average Number of Employees:

5 Full-time, 0 Part-time

Space Needs (in square footage):

1,500

Preferred Sites:

Free-standing Building, Strip Center

Other Sites:

Encourage Conversions?

Yes

Earnings Claims Provided?

Listed in the SBA Registry?

Support and Training

International Franchise Association:	Yes
Canadian Franchise Association:	No
Franchisee Association/Member:	No
Size of Corporate Staff:	12
Site Selection Assistance?	Yes
Lease Negotiation Assistance?	Yes
Financial Assistance?	Yes, Indirect

Marketing Support:
Co-Op Advertising:	Yes
National Advertising:	No
Regional Advertising:	No
Local Advertising:	No
Marketing Materials:	None Specified
Additional Services:	None Specified
Other Marketing Support:	None Specified

On-Going Support:
Central Data Processing:	Not Applicable
Central Purchasing:	Included in Fees
Field Operation Evaluation:	Included in Fees
Field Training:	Included in Fees
Initial Store Opening:	Included in Fees
Inventory Control:	Included in Fees
Franchisee Newsletter:	Included in Fees
Regional or National Meetings:	Included in Fees
800 Telephone Hotline:	Not Applicable

Training:
1. Corporate Office	2 Week

Franchisee Qualifications

Ranked from 1 (unimportant) to 5 (important):

Financial Net Worth:	3
General Business Experience:	2
Specific Industry Experience:	1
Formal Education:	1
Psychological Profile:	1
Personal Interview(s):	5

Minority Representation

Units Owned by Minorities:
African-American:	N/A
Asian-American:	N/A
Hispanic:	N/A
Native American:	N/A
Other:	N/A
Specific Minority:	N/A

Terms of Contract

Term of Initial Contract:	20 Year(s)
Term of Renewal Period:	20 Year(s)
Passive Ownership:	Allowed
Area Development Agreements?	Yes, for 1 Year(s)
Sub-Franchising Contracts?	No
Franchisees Allowed to Expand Within Territory?	Yes

Expansion Plans

Projected New Units Over Next 12 months:

U.S.:	Yes, Midwest
Canada:	No
Overseas:	No

Franchisor Background

Year Established:

Franchising Since:

IFA Member

Operating Units:

Geographic Distribution:

North America: