Grease Monkey is one of the leading independent franchisors of automotive oil change centers in the United States, with a presence that extends internationally to countries such as China, Mexico, Saudi Arabia, and Colombia.
Founded in 1978, the company has been committed to delivering a wide range of preventive vehicle maintenance services and products.
Their offerings include services for air conditioning, air filters, alignments, batteries, brakes, diagnostic checks, check engine lights, diesel exhaust fluid, differential service, fuel and emission system cleaning, headlights, and power steering.
A subsidiary of FullSpeed Automotive, Grease Monkey's headquarters are located in Greenwood Village, Colorado. Having started franchising in 1979, Grease Monkey has grown to boast over 475 locations worldwide, with around 340 centers in the United States.
Here's what you would need to invest if you were to start this franchise. These costs are provided by the franchisor in the Franchise Disclosure Document.
Grease Monkey offers 2 types of franchises:
We are summarizing below the main costs associated with opening a Grease Monkey GROUND UP GREENFIELD LOCATION. For more information on costs required to start a Grease Monkey franchise, refer to the Franchise Disclosure Document (Item 7).
KEY FRANCHISE STATS
All you need to know about this franchise
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$1,070,000
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15.6%
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Below are some of
Grease Monkey
key competitors in the
Oil Change
sector.
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$235,000
-
$200K - $500K
$695,000
$xxx,xxx
n.a.
$582,000
n.a.
n.a.
n.a.
n.a.
$223,000
-
$200K - $500K
$1,617,000
$xxx,xxx
n.a.
$1,285,000
72.6%
n.a.
27.1%
n.a.
$291,000
-
$200K - $500K
$1,972,000
$xxx,xxx
n.a.
$1,387,000
70.2%
n.a.
14.6%
n.a.
$291,000
-
$200K - $500K
$1,972,000
$xxx,xxx
n.a.
$1,005,000
77.4%
n.a.
14.8%
n.a.
$2,562,000
-
Over $500K
$3,815,000
$xxx,xxx
n.a.
$1,842,000
n.a.
n.a.
n.a.
n.a.
$192,000
-
$100K - $200K
$640,000
$xxx,xxx
n.a.
$1,573,000
74.0%
n.a.
16.8%
n.a.
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A comprehensive and transparent look at franchising finances. The inclusion of profit margins and disclosure documents offers insights you can’t find elsewhere. Essential for anyone considering a franchise investment.
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Grease Monkey provides an extensive training program for its franchisees.
Initial Training: Prior to launching a Grease Monkey Center, franchisees or their principal owners must complete an Initial Training Program. This comprehensive program includes both classroom instruction and practical, hands-on training. The classroom portion lasts approximately three to four days, followed by around five days of practical training. The duration and content can be adjusted based on the participants' experience and skill levels.
Training Subjects: The Initial Training Program encompasses a wide range of topics, including General Center Operations, Vendor Training, Sales/Presentation Techniques, Lubricants and Fluids, Certification Programs, Fleet Accounts Sales and Processing, Key Performance Indicators/Financial Management, and Leadership Skills.
Ongoing Training: Franchisees have access to "FullSpeed University," an online training platform offering various courses, some of which may be required for certification.
Franchisees of Grease Monkey are not given exclusive territories. Instead, they receive a designated geographic area, known as the "Designated Area," where their Grease Monkey Center and Monkey Shine Facility will be situated. This area is chosen to determine an appropriate site for the franchisee's Center and Facility.
It is important to understand that the Designated Area does not provide any exclusive rights or territorial protections, either before or after the Franchise Agreement is signed. Typically, this area is defined by city, county, or other physical boundaries.
Franchisees do not have any options, rights of first refusal, or similar contractual rights to open additional Grease Monkey Centers, Monkey Shine Facilities, or Franchises in neighboring areas to their Franchised Location.
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