Strickland Brothers 10 Minute Oil Change
Automotive · Auto Repair & Maintenance
- Active units
- 66
- Avg unit volume
- $637k
- Royalty
- 6.0%
Franchised, year-end 2023
of weekly Net Sales
About Strickland Brothers 10 Minute Oil Change
Detailed brand overview is not available yet for this profile.
Key terms
- Franchise fee
$55k
- Brand fund
2.0% of Net Sales
- Local advertising
2.5% of Net Sales
- Area Development Program - first center
$55k
- Area Development Program - second center
$35k
- Area Development Program - each subsequent center
$25k
- Veteran discount
5000.0% off franchise fee — $5,000 discount on initial franchise fee for first location for qualifying U.S. Veterans
Brand Percentile Rankings
Rankings compare brands in the same operating year. Fee and investment figures come from the FDD (2024 filing).
Growth
- Total locations66
Franchised units open at year-end
- New openings27
Gross new units opened during the calendar year
- 1-year unit growth rate40.4%
Net unit growth versus prior year
- 3-year unit CAGR77.3%
Compound annual growth rate of unit count over the trailing 3 years
- Unit growth ratio3.4×
Cumulative opens / closures through year-end
Unit economics
- Annual unit volume (Median)$637k
Average Total Income for Franchisee Representative Units for the year ending Dec 31, 2023.
- Annual unit volume (25th percentile)—
Per FDD Item 19 disclosure
- Annual unit volume (75th percentile)—
Per FDD Item 19 disclosure
- 1-year Median AUV growth rate—
Year-over-year change in median AUV
- Store-level EBITDA Margin—
Median unit-level EBITDA / AUV
Investment profile
- Estimated initial investment$320k
Midpoint of estimated initial investment range
↓ Lower is better - Time to open14 months
Midpoint of average time from agreement to opening
↓ Lower is better - Royalty rate6.0%
Percent of net sales paid to the franchisor
↓ Lower is better - Sales-to-investment ratio2.0×
Median AUV / estimated initial investment midpoint
- Cash-on-cash returns—
Median unit-level EBITDA / estimated initial investment midpoint. Steady-state estimate; year 1 returns will be lower as the unit ramps to median volumes.
Franchisee healthLocked
- Unit closure ratio
- Transfer vs. closure ratio
- Percent multi-unit franchisees
- Litigation rate
- EBITDA multiple on sales & transfers
Create your free Glidepath account to access full brand information.
Sources
Financial and operating figures are sourced from the brand's Franchise Disclosure Documents. Brand percentile rankings are based on comparisons to other brands that include the same metrics in their Franchise Disclosure Documents.