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 Business TypeFranchiseInitial Investment$200,000 to $250,000Total Investment$158,000 to $259,000Required Net Worth$500,000Number of Units234In Business Since1978 OverviewGrease Monkey International, Inc. is one of the
largest vehicle preventive maintenance franchisors not owned by a major
oil company. Our independence gives us the advantage of being able to
focus on servicing our customers' needs, rather than selling a specific
brand of oil products. It also allows us more aggressive purchasing
power within the industry so we can supply our franchisees with the
products and services they need to build and run a successful operation. The Grease Monkey organization has approximately 240 vehicle preventive maintenance service providers across the United States and in Mexico, and the market potential for Grease Monkey centers continues to increase. According to research data compiled by Automotive News, the number of vehicles sold in the U.S. increased 1.4% from 2003 to 2004. Increased vehicle sales mean even higher potential for the automotive services industry in the coming years. Products & ServicesWe
service most makes and models of vehicles, and you never need an
appointment. Let us take the worry out of costly repairs or breakdowns
by regularly maintaining your vehicle. Most vehicles come with a manufacturer's warranty that requires you to maintain it with periodic services. Grease Monkey has highly trained technicians that keep you informed of your vehicle's needs in accordance with manufacturer specifications. We provide most warranty-required services for less than most dealership prices. We also keep a complete maintenance history for you, taking the hassle out of keeping track of your vehicle's ongoing maintenance routine. Full Service Oil Change Keep your engine running smoothly by having the oil and filter changed based on your vehicle manufacturer's recommended service intervals. Every Full Service Oil Change includes:
Training & Support A Full-Service Approach
At Grease Monkey, our objective is to help each franchise owner identify and achieve their goals. Our corporate management team has a long history in both franchising and vehicle preventive maintenance and is committed to building strong, lasting and mutually beneficial relationships with our franchisees. We pride ourselves in offering a comprehensive list of support services to our franchisees before, during, and well beyond a center start-up. Site Selection Assistance We provide the tools and real estate information necessary for the franchisee to make an informed decision on the correct location for a new center. Our real estate department will help select a Grease Monkey location by evaluating market conditions and trends, population density, traffic patterns, demographics and proximity to traffic-driving influences, such as primary retail centers. Lease and Purchase Negotiations Grease Monkey’s real estate department also offers their expertise and guidance in researching property acquisition options and then assists in negotiating the terms for a lease or purchase of the site where the center will be located. We can also recommend qualified real estate brokers to assist with the intricacies of commercial real estate transactions. Third-Party Financing Franchisees work with our development department to identify the financing options available. We then place you in contact with our financing resources, which have a significant understanding of the Grease Monkey Franchise Program to fund the acquisition and construction of a new center. Center Design and Construction Whether converting an existing structure or constructing a new building, all facilities are required to meet Grease Monkey International, Inc. standards. We supply prototypical drawings that a franchise owner can take to their architect for adjustment to specific site requirements and compliance with local building codes. We can also assist in locating local contractors, analyzing competitive bids and reviewing plans during all phases of the design and construction process. Technical Training Prior to opening, the franchisee and center employees receive intensive, hands-on training on how to thoroughly perform all of the proven and effective Grease Monkey services using the Grease Monkey System of Operation. Ongoing support which includes visits from our field representatives, technical training and operations manuals, as well as the employee certification program, help assure that all Grease Monkey centers are staffed and managed to deliver the highest quality service for our customers. Marketing and Advertising Grease Monkey has developed a wide range of marketing programs and materials designed to be easily implemented and highly effective in helping franchisees strategically promote their center. Franchisees also have access to a field marketing specialist that can assist with local marketing planning and consultation. Business Accounting & Management Grease Monkey centers have access to a computerized point-of-sale system that serves not only as the center’s cash register, but as a valuable management tool that enables franchise owners to monitor and improve daily operations. This system can track sales data, product inventory and labor earnings-to-revenue ratio. Its powerful database not only provides customer vehicle maintenance records, but also tracks marketing activities and their effectiveness. National Account Purchasing With established vendors and the buying power of over two hundred centers, Grease Monkey has negotiated national account pricing for all in-center supplies and services. Are You a Good Fit for Grease Monkey International? The
majority of Grease Monkey centers are owned by individual franchisees
who have made the commitment to take an active part in building their
own business. Along with our comprehensive business planning advice,
and technical and marketing support, franchise owners benefit from the
Grease Monkey brand, distinctive logo and established reputation in
achieving success.Building a successful Grease Monkey operation requires not only solid business experience and management skills, but also the willingness to make a serious dedication of time, energy and financial resources. To develop a Grease Monkey franchise, capital is needed for the franchise fee, equipment, inventory, working capital and other miscellaneous expenses, as well as the financial strength to develop the facility. The initial investment required to launch a new Grease Monkey operation is estimated at $250,000 with a minimum net worth of $500,000. |
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