Business Description

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

Operating Units:
Franchised Units:	34	85%
Company-Owned Units:	6	15%
Total Operating Units:	40	100.0%
Geographic Distribution: U.S.: 40 100% In 6 States Canada: 0 0% In 0 Canadian Provinces International: 0 0% In 0 Foreign Countries   Total: 40 100.0%

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?: No

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
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
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
Expansion Plans
Projected New Units Over Next 12 months: 10 U.S.: Yes, Midwest Canada: No Overseas: No	Request Franchisor Info   Submit an online form to receive information from Victory Lane Quick Oil Change.