Instant oil change franchises can be great investment opportunities, but there are some things you should know. Learn more and how to choose the right automotive business for you.
Oil Change Franchises Revolutionize Car Care
When instant oil change shops debuted in the 1970s, they changed the landscape of auto repair. Car owners were no longer tied to dealership service stations to provide car maintenance. Instant oil change locations streamlined car maintenance by accommodating busy consumers with fast service.
Easier access to fast, affordable maintenance is helping Americans keep their cars for the long haul. The average age of vehicles on the road reached a record high of 12.2 years in 2022, reports S&P Mobility. The market size for oil change services in the U.S. was forecast to reach $9.9 billion in 2022, and it has increased an average of 5.3% per year from 2017 to 2022, according to IBISWorld.
Over the years, as demand for instant oil change franchises grew, businesses responded, and the number of brands skyrocketed. Oil change specialists were forced to diversify their services and start offering emissions testing and other basic car maintenance to help stay competitive.
Instant oil change franchises are attractive opportunities for savvy investors because they have simple operations, small footprints, and do not require certified mechanics. Despite a turnkey business model, a limited number of employees, and minimal equipment, starting a quick lube franchise often requires a large initial investment, primarily due to construction costs.
Electric Vehicles Alter Auto Repair Landscape
Oil change franchises face future challenges as the auto industry continues to evolve. High gas prices and the debut of family-friendly electric vehicles are ratcheting up electric vehicle sales in the U.S. More electric vehicles were sold during the third quarter of 2022 than gas-powered vehicles, according to Electrek.
The aftermarket auto industry, including instant oil change franchises, will need to adapt to provide services for electric vehicles. Facilities that offer a one-stop shop for auto repair and maintenance needs are better positioned for future growth.
Moran Provides One-Stop Solution
Moran Family of Brands is the franchisor of six brands in the aftermarket and window tinting industry, including Milex Complete Auto Care, Mr. Transmission, and Turbo Tint. For more than 32 years, the company has helped business owners become one-stop shops for car repair in the communities they serve.
Let’s take a closer look at some of the ways Moran offers entrepreneurs the best auto care franchise.
- Co-branding. Recognizing the changing tides in the automotive industry, Moran launched a co-branding initiative to enable owners to offer a wide variety of services under one roof. Our Mr. Transmission/Milex co-brand landed a spot on Franchise Dictionary’s list of 100 Game Changers in 2022. Co-branding provides franchisees with two revenue streams, high average ticket prices, and helps drive repeat business.
- Training. Our franchise owners do not need experience in the aftermarket auto industry to be successful. Every Moran franchisee participates in three weeks of intensive training, including one week of online pre-training, one week of classroom training, and another week of field training.
- Information sharing. Moran’s core philosophy encourages building relationships by sharing knowledge, skills, and systems to help your business thrive. Our franchise owners participate in regional meetings and have e-learning opportunities. We share system data, and our franchisees have access to business coaching to provide support.
- Home office support. Moran’s home office team helps franchise owners stay abreast of developments in the industry to better serve customers. Making sure our franchise owners have the latest information allows them to adjust services and improve hiring to continue making car repairs as technology advances.
Get Started with Moran
As you weigh different options in the aftermarket auto industry, find out more about the benefits of investing in a car repair franchise with a long history of success by contacting Moran to request information and connect with a franchise business consultant.