Jiffy Lube Int’l. Inc.

Year Founded: 1979
Franchise Fee: $35K
Liquidity Requirement: $150K
Financing Available: Yes
Total Investment: $214K-273K
Total US Franchises: 1989

In the 1970′s, full-service gas stations were rapidly being replaced by self-service ones. This left many consumers without a place for oil changes. Jiffy Lube was created to fill this gap, pioneering the fast-change oil industry in 1979 with the first drive-through service bay ever. The company began under Jim Hindman in 1979 as an association of seven fast-lube centers. Jiffy Lube Int’l. Inc. was picked up by Pennzoil-Quaker State Co. in the 1990s, which in 2002 was bought by Shell Oil Company. Jiffy Lube is now the largest system of franchised and company-operated service centers in the fast lube industry, with over 2.000 units in North America and 27.5 million customers each year. Headquartered in Houston, Jiffy Lube International is a wholly owned, indirect subsidiary of Shell Oil Company.

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