If you are considering opening an oil change franchise, take a look at Milex Complete Auto Care, which offers a one-stop-shop for car maintenance and repair for less than it costs to open a Jiffy Lube franchise.
There is no shortage of options when it comes to opening an auto repair franchise. Options range the gamut from fast-lube oil change franchises, tire shops, window tinting specialists, and even auto parts stores. Sifting through the choices to determine which brand will meet your goals and profit expectations can be challenging. To help make the right choice, it’s important to look at consumer trends impacting the auto industry.
Car Maintenance and Repair an Essential Business
The average American spends 18 total days driving per year, The Car Connection revealed. That’s an average of eight hours and 22 minutes per week. For most people, our car is an essential part of our daily life. Our cars are how we get to work, the tool we use to shuttle our kids to activities, and how we run errands. Having your car fixed quickly is essential. While quick service is a priority, it’s important to rely on a trustworthy mechanic that caters to all of our car care needs.
Age of Cars on the Road Rising
While there are more than 280 million registered cars, trucks, and SUVs on the road, the average age of these cars is increasing. The average age of cars on the road is 11.9 years, and one in four cars is at least 16 years old, CNBC reported. As the age of cars on the road rises, customers will continue to need reliable mechanics to keep their aging vehicles in top repair.
Popularity of Electric Vehicles Ticking Up
With more Americans turning to electric and hybrid vehicles, the need for regular oil changes is slowly declining. While climate change, environmental pollution, and green living are top-of-mind, electric vehicles have been slow to gain market share. When electric cars become more affordable, and gas prices head skyward, more consumers will opt for electric. Many oil change franchises will be forced to rethink their business models to stay afloat.
Milex a Top Franchise Choice
Understanding the key role cars play in American families, as well as the uptick in the age of vehicles on the road and the increase in popularity of electric vehicles, Milex Complete Auto Care offers a solution that gives franchise owners the opportunity to provide a solid customer service experience and generate profits. Milex provides consistent and affordable service to keep customers coming back. Its locations offer preventative maintenance, such as oil changes and brake services, as well as advanced repair work like brake rotors and engine repair. Milex’s skilled mechanics can also fix air conditioners, radiators, and cooling systems.
Milex is part of the Moran Family of Brands umbrella, which franchises several other concepts, including Mr. Transmission, and Turbo Tint. Moran offers a flexible business model and encourages its franchisees to co-brand our Milex/Mr. Transmission units to ensure customers have access to the best variety of services for customers. By guaranteeing its service, Milex franchisees garner higher average ticket prices and can make flexible decisions on repairs to ensure customers receive a quality experience.
“We added Milex Complete Auto Care to our existing Mr. Transmission business in 2010, and it has been nothing but positive for us. We had to invest money for the equipment, but I have no regrets,” said Susan Trumble, a Moran franchisee in Florence, Kentucky. “We have recouped the investment in the time that I thought it would take, and I am pleased with the return. We felt adding Milex was necessary to compete and to grow our customer base. We became even more profitable by doing that.”
To put things in perspective, Jiffy Lube, a subsidiary of Shell Oil Company, franchises 2,000 stores across the country. Each unit primarily specializes in oil changes. Newer locations offer limited battery and brake services. In order to start a Jiffy Lube location, qualified entrepreneurs must have a minimum net worth of $500k and a minimum liquidity of $250k. Jiffy Lube also charges a $35,000 franchise fee to get started.
For less than it costs to open an oil change franchise, Milex franchise owners can debut a full-service repair shop backed by a company with 60-plus years of experience in the industry.
To learn more about Moran Family of Brands and Milex Complete Auto Care, visit: www.moranfamilyofbrands.com/milex.