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How to Start an Oil Change Business Using These Resources

November 13, 2020 313 views

 

In this post, you’ll find a unique selection of hand-picked resources to help you start and run a quick lube business. These resources are brought to you by various authors and will give you a complete overview of what’s involved in starting and running your operation. If you went through each article, you’d end up with professional knowledge, and all you need is some experience to become a leading expert.

Before you get to the resources further down the page, let’s go over a few considerations.

Is This the Right Opportunity for You?

Is an oil change shop the right move for you? Is this something you’re passionate about? Or are you just looking at the financial gains? If I’m going to start a business, I will always opt for an opportunity I’m interested in and passionate about. When problems appear, I will fight for the business. If I lack passion, I’ll look for a way out when problems occur. For more, see Passion – An Important Key You Need to Succeed in Business

Background About This Type of Business

The purpose of a quick lube business is to perform maintenance quickly on the customer’s vehicle. Before quick lubes came into existence, you would have to go to your mechanic for your oil change. Even though a lot of people still do it that way, many prefer the quick lube route. They can stay in their vehicle while the maintenance is being performed, and the whole process is complete in 30 minutes or less.

To boost your success rate in this business, you need to be precise and get your customers out the door as soon as possible. Your customer service skills and people skills need to be at their best. This will allow you to create lifetime customers that will keep coming back, averaging once every three months.

What Type of Oil Change Operation Will You Open

You need to decide on what type of operation you want to open. Will you provide oil changes using a traditional setup with a hoist? This setup is the same type you would see at an auto repair shop. It’s slower to get the car on the hoist and backing the car out when the maintenance is complete.

Will you use the quick lube setup where the vehicle is driven over a pit, and once the maintenance is performed, the vehicle is driven out through the next door. This is the quickest service procedure, and the customer remains in the vehicle while the maintenance is completed.

The next setup is a mobile operation where you change the oil at the customer location. This may be the most convenient for the customer, but in my opinion, your travel time will reduce the number of vehicles you can service per day. You’ll find details about the different types of setups further down the page in the resource sections.

Industry Considerations

With the electric car market expanding, fewer people will need to change their oil. For example, by 2035, California will ban the sale of any gasoline-powered vehicles.

With that in mind, if you plan to have this business for many years, this electric car market will affect your business.

Investment

The cost to start a franchise can be a lot of money. Ranging approximately from just over $200,000 to $425,000. If you are in a busy area with multiple bays, then your revenues and profits can be more than enough to cover your loan and expenses.

The profit you make will vary on the area and population, the demand for your service, and the amount of competition.

If there is no demand for the service, it would be a waste of time opening. If there is too much competition, it might be hard to get a piece of the market unless you bring something to the market the competition doesn’t offer, or you may need to improve on the service the competition is providing.

Add-Ons

With this type of business, you can provide add-on products and services. A one-stop-shop for quick maintenance will attract more customers and increase revenues.

Most quick lube places offer an inspection of multiple components. Like air and fuel filters, lights, fluid levels, etc. You could also add additional products and services, including the following:

  • Windshield wiper replacement
  • Battery check and replacement
  • Bulb replacement
  • Tire rotation and inspection
  • Quick brake inspection
  • Grease job for those parts that still require lubrication
  • A quick check for front end loose parts
  • Exhaust inspection
  • Air conditioning inspection

The jobs that require more time should be directed to another bay, for example, tire rotation. Unless you have multiple bays. You don’t want to slow down other customers who just require a quick lube job to wait while you rotate another customer’s tires.

You could also create joint venture deals. For example, if a customer’s car needs font-end parts or a brake job, you could give them a card for a shop that deals with brakes and your customer would get a 5% discount at the shop.

The shop would also give you a percentage of the revenue from the repair bill. You could also give the shop you deal with your cards, and each customer that comes to your shop with the card and would get a discount, and you would give a percentage of the revenue to the shop owner.

Everyone wins. The customer gets a discount while getting professional service. The shop you deal with gets extra business, and you have helped your customer while making a percentage of the revenue.

You could do the same joint ventures with other components such as transmissions, AC repair, body repair, exhausts, Etc.

For this idea to be successful, the terms must be clear, and you want to make sure you are sending your customers to a shop they will be happy with. If you send your customer to a repair shop where they are not treated well, it will cost you dearly because you’ll lose your customers.

What Type of Person Is Suited for an Oil Change Business

This type of business is suited for someone with a bit of mechanical skill and knowledge and enjoys working with cars. You need to have an entrepreneurial spirit, which is necessary for any business venture.

Getting Inside Information

To get inside information that you won’t find anywhere else, you can search for businesses and franchises for sale and interview the owners. This will give you inside information to the business, allow you to ask questions, and receive valuable answers based on experience.

You may even find a business that’s up and running, which may turn out to be a better route than starting from scratch. Who knows, you could make a deal and be up and going in no time. For the full details on this technique, see, An Inside Look Into The Business You’re Considering

Key Issues to Focus on With This Type of Business

Legalization

With any business, you’re considering it’s important that your operation is registered and legal. You can register a business on your own or have a professional set it up for you.

If you’re starting off as a sole proprietorship, the registration process is very simple. If you’re considering other types such as LLCs, partnerships, or a corporation, I would have a professional set up the company to ensure it’s established correctly. The resources below offer more on registering your business.

Insurance Considerations

You must have the correct business insurance to cover you if an accident or other issues occur. For example, if an accident occurs and a car catches on fire in your building, you could have your doors closed for business for a few months. When you have interruption insurance, you are covered for the loss of business.

I’m a firm believer that you should have more than enough coverage rather than having basic insurance. You can’t predict what happens and when you have enough coverage, you don’t have to worry about anything that happens beyond your control. See the resources below for more on business insurance.

Equipment Considerations

It’s very important to set up your shop with equipment to handle the wear and tear and complete the job effectively.

The last thing you want is downtime and the need to turn customers away because of equipment failure. Broken equipment doesn’t show your business as a professional establishment.

If I were starting this type of business, I would make sure the equipment is the best grade for the purpose. I won’t try and save a few thousand on equipment. I’d rather find other areas to save. In the resources below, you’ll find sites that offer the equipment you’ll need.

Getting the Word Out

It’s important to advertise your business once you’re ready. You can’t depend on drive-by traffic. You need to let people know you’re ready for business.

Some ideas for advertising include:

You could also contact local businesses to help spread the word. This could include; local car washes, part suppliersbody shopstire shops, etc. They could let their customers know by putting up a flyer or business cards on their counter, and you could do the same for them.

Next Step

The resources below will help you with the startup phase and when you are up and running.

There is a lot of information to go through. If you spent a few hours over the next few days to cover all the information. You will have an arsenal of information you can use during the startup phase and when you’re up and running. You’ll have the information the experts have, and all that’s left is to gain some experience.

A Collection of Resources Related to Starting an Oil Change Business

How to Start an Oil Change Business

How to Start an Oil Change Business – StartingYourBusiness.com

How to Start an Oil Change Business

How to Start an Oil Change Company | Small Business – Chron.com

How to Start A Mobile Oil Change Business – TYCOONMAG

How to Start an Oil Change Business | Bizfluent

How to Start an Automobile Oil Change Business – Gaebler Ventures

How to Start a Mobile Oil Change Business

Starting a Mobile Oil Change Business | QuickLubePOSSoftware.com

Mobile Oil Change Trucks & Equipment – LubeVan Mobile Oil Changes

Mobile Oil Change – Business Ideas – Start your Business Today

Starting a Mobile Oil Change Service — StartupNation.com

How To Start a Mobile Oil Change Business » HomeBizTools

Starting a Mobile Oil Change Business | QuickLubePOSSoftware.com

Mobile Oil-Change Service – Business Ideas – Start your Business Today

What to Consider Before You Start

Reasons for Getting Into Your Own Business

The Pros and Cons of Owning Your Own Business

10 Questions You Must Ask Before Starting a Business

Passion – An Important Key You Need to Succeed in Business

Steps and Considerations

Over 21 Steps and Considerations When Starting Your Business

Getting Inside Information

An Inside Look Into The Business You’re Considering

A Simple Guide To Starting A Business

How to Start A Business – Making a Complex Topic Simple

How to Finance Your Business

Everything You Need To Know About Business Loans

How To Register a Business

How to Register Your Business Using These Resources

Oil Change Business Name Ideas

Selecting a Good Name for Your Business

Business Plan

Tips and Insights for an Oil Change Business Plan

Trends and Statistics

25 Quick Lube Industry Statistics, Trends & Analysis – BrandonGaille.com

Oil Change and Fast Lube Services – Industry Analysis, Trends, Statistics

U.S. oil change services market selected figures 2020 | Statista

2020 Automotive Oil Change & Lubrication Shops Industry Statistics & Market Research Report – AnythingResearch

Profitability and Revenue

Estimating the Profitability and Revenue for a New Business

Are Oil Change Businesses Profitable?

Do auto shops, fast lubes and dealerships make a profit on oil changes? – Quora

Quick (oil) change artists lead service turnaround

Mobile Oil Change Advice: Oil Change Profit Margins

How to Start an Oil Change Business

How Much Money Do Oil Change Shops Make (Profit Margin) | ProfitableVenture

Startup and Operating Costs

Estimating Startup Costs – Are You Missing Anything?

Equipment

Essential Office Equipment You May Need to Run Your Business

Fluid management systems | Graco

Quick lube specialty equipment by Unilube

Oil Change Tools | Filter Wrenches, Drain Pans, Sockets, Pliers — CARiD.com

Service Garage & Lube Equipment | Graco

StackPath

Mobile Lube Equipment | Lube N’ Go

Oil Change Shop Equipment & Supplies | Auto Body Toolmart

Quick Lube Construction | Lube Pit Construction | EnviroLube

Inventory

Inventory for an oil change business

Insurance

Here’s Everything You Need To Know About Business Insurance

Quick Lube or Oil Change Shop Insurance – Bolt Insurance

How Insurance protects your Quick Lube or Auto Repair Business | Prime Insurance Agency in Lakewood, New Jersey

Oil Change Service Insurance | Match with an Agent | Trusted Choice

Framers Auto Service and Repair Shop Insurance

Employee Considerations

The Pros and Cons of Running a One-Person Business

How and When to Hire a New Employee

Common Jobs Needed for Running a Business

Hiring an Employee VS Subcontracting

Business Cards

How to Design Business Cards That Draw Attention

Vehicle Oil Change Business Card Template | MyCreativeShop

Oil Change Business Cards – Business Card Printing | Zazzle

Latest Image Search Results Related to Oil Change Business Cards

Logo

How to Create an Impressive Logo

Need logo for mobile oil change business | Logo design contest | 99designs

Oil Change Logo Images, Stock Photos & Vectors | Shutterstock

Logo Design for our new quick lube oil change business | 129 Logo Designs for Acme Quick Lube

Free Oil and Gas Logos | Petrol Logo Maker | LogoDesign.net

Latest Image Search Results Related to Oil Change Business Logos

Forms

Multipart Oil Change Forms : PrintIt4Less

Oil Change Forms | Oil Change Order Forms

Sales and Service Business Forms for Car Dealerships and Auto Repair Shops – from Great American!

Software

How to Choose Oil Change Business Software

Business For Sale

Buy A Business or Build one From Scratch?

An Inside Look Into The Business You’re Considering

Oil Change Business for Sale | Buy Oil Change Businesses at BizQuest

Oil Change Businesses for Sale, Lube Businesses for Sale & Lube Shops for Sale – Buy Sell Oil Change Lube Biz for Sale

Quick Lube Businesses For Sale, 4 Available Worldwide

Latest Search Results Related to Oil Change Business For Sale

Franchise Opportunities

The Ins and Outs of Owning A Franchise

5 Best Automotive Oil Change Franchises of 2020 (UPDATED RANKINGS) | Franchise Chatter

The Top 7 Oil Change Franchise Businesses in USA for 2020

Rankings of Best Oil Change Franchises | November 2020

Oil-Change Services Franchises – Page 1

Oil Change Franchise Opportunities, Oil Change Franchises for Sale | FranchiseDirect.com

10 Best Mobile Oil Change Franchise Opportunities for Sale | ProfitableVenture

Established Oil Change Business

Valvoline Instant Oil Change: Car Maintenance Services | VIOC

Car Maintenance – Oil Changes, Tires & Brakes | Jiffy Lube

Home – SpeeDee Oil Change & Auto Service®

Home – Victory Oil Change

Take 5 Oil Change | Stay In Your Car | Contact-Free Car Care

Pennzoil 10 Minute Oil Change

Marketing Tips

How to Promote an Oil Change Business Using These Tips

Article Mix

Fluid Dynamics: What You Need to Know About Oil Change Service | 2019-08-15 | Modern Tire Dealer

Sliding into the oil change market | Professional Carwashing & Detailing

Starting a Second Career in the Oil Change Business

Express Oil Change & Tire Engineers Franchise Opportunity

It’s Not ‘Just’ An Oil Change: Common Services Can Drive More Business

eGenuity | Planning For Your New Mobile Oil Change Business

A Business Lesson from an Oil Change – Tim Mitchell

7 Key Operational Excellence Challenges Facing the Oil and Gas Industry | by Frank J.

7 Common Oil Change Mistakes That Could Cost You Thousands

Most Common DIY Oil Change Mistakes – Oil Change Mistakes

5 Mistakes You Can Make When Changing Your Oil | McCluskey Chevrolet

10 Maintenance Mistakes Car Owners Make – Business Insider

StackPath

Running a Business

How to Run a Business – A Quick Look Into Skills You’ll Need

Publications

Top 80 Oil and Gas Blogs, Websites & Influencers in 2020

Books

Books from Amazon Related to Starting an Oil Change Business

Google Book Search Related to Starting an Oil Change Business

The Latest about Starting an Oil Change Business

Google Searches

Latest Search Results Related to Starting an Oil Change Business

Latest Scholar Search Results Related to Oil Change Businesses

Latest Image Search Results Related to Starting an Oil Change Business

News

Latest News Related to Oil Change Businesses

Twitter

Tweets Related to Starting an Oil Change Business

YouTube

Videos Related to Starting an Oil Change Business