Founded in 1978 and based in Denver, Grease Monkey has grown to more than 500 centers internationally with operations in the United States, Mexico, China, Colombia, and Saudi Arabia. The brand has flourished, thanks to a commitment to customer service, innovation, and driving strong ROI for franchisees.
Grease Monkey’s success has been built upon fast, reliable oil changes and courtesy checks that help extend the life of our customers’ vehicles.
Grease Monkey is part of FullSpeed Automotive®, one of the largest and fastest-growing quick lube organizations not owned by an oil company. FullSpeed is focused on helping franchisees open new businesses while also acquiring auto service centers from independent operators who are ready to sell. The goal is to use economies of scale to boost purchasing power and support for every location — whether the location is owned by a franchisee or by FullSpeed Automotive itself.
Grease Monkey believes that the best way to build a successful business is to instill a strong culture within the organization. We all rely on one another for the brand to be successful. We work hard every day to earn the trust of franchisees, just as you work to earn the trust of your customers and employees.
This a typical business plan for a franchise and it will be useful to help understand the cost components that drive a business and percentage contributions to your overall profitability.
Enter your own numbers in the white cells and review the overall impact on your business investment.
Sample Business Plan
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The minimum downpayment is 30%.
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The minimum interest rate is 8% for business loans and they tend to top at 12%. They are 3-4% higher than mortgages.
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Testimonial
“Grease Monkey has been a big support for building a new location from an old shop that needed lots of work. The company worked on the color scheme for the building, signage, vendor lists, and software systems. Our opening week, Grease Monkey sent executives from the management team. I attended a franchise conference and made a number of contacts to follow up with to advise and compare notes with, in addition to marketing support.”
Frequently Asked Questions
The training process is very important to our customers. Studies show that customers want to know that your employees are certified. At Grease Monkey, employees wear pit crew shirts to show their certification. You’ll become certified, too.
The first step of your training is learning our proven system. Our online training platform, FullSpeed Automotive University, is available 24/7. The training is very robust and has more than 250 courses – some of which are required. This is the platform you’ll use to train your own people. In addition, you’ll spend a week in Denver at our New Franchisee Training School, and we’ll show you how to differentiate Grease Monkey from other quick lube businesses.
Our Training School includes:
• Grease Monkey processes that go beyond the oil change to leave a strong customer impression
• Staff presentations to help you understand key business systems
• Presentations from key vendors to help you understand some of the resources that will help you run your business
• Role playing
FullSpeed Automotive University Online includes:
• 24/7 training
• 250+ custom courses
• Pit Crew Certification courses
• Access to advanced mechanic courses to help employees expand their skills and certifications
• Training on customer experience
Additional Opportunities:
• Advanced Managers Training School
• Webinars twice a month
• In-store Field Training
• Conventions
Grease Monkey offers tremendous franchise support to help you get started and grow your business. Even if you don’t have automotive repair experience and are simply exploring the industry because of its stability and strong margins, you can be assured that you will be backed by a large franchise support team dedicated to your success. We provide training, marketing support, and a wide range of tools to help you find customers and serve them well.
We look for people who have the drive to constantly improve, and the willingness to share ideas and ask questions. We look for people who treat others with respect, honesty, and consideration. We look for leaders who will empower their employees and who enjoy watching them develop new skills and advance their careers.
Each candidate must complete the path to ownership process. The process is designed to evaluate a potential partnership by helping you gain a deep understanding of the brand and culture and by helping us understand more about you. Part of that process includes your franchise sales representative pitching your skills, experience, and financials to our executive team. This team will determine if you are right for the brand and if you qualify. We don’t sell franchises — we award them to the right people who we feel would make a great Grease Monkey franchisee.
Grease Monkey does not provide financing itself, however there are several banks and financial institutions we have preferred relationships with. These banks have both SBA and conventional financing available for those with good credit.
If you plan on finding an existing automotive building and converting it into a Grease Monkey, it could be as little as 90 days before you are open. If you plan on purchasing land and building a new Grease Monkey, it could take anywhere from 12 to 24 months depending on the area of the country.
Absentee ownership is an option here at Grease Monkey. However, “absentee” does not mean “hands off.” We still require the owners to be engaged in the business and ensure that unit managers are trained and meeting all the brand requirements to operate a Grease Monkey effectively.
We cannot predict or speculate how your individual unit will perform. This depends upon you. What we do know is that Grease Monkey is a 40-year-old proven business concept that continues to work. In fact, last year the top quartile of the chain generated average net sales of $1,875,712. The variable is how well you run your business. Do you treat guests well? Are you honest? Can you hire, train, and retain a great staff? Are you involved in the community and able to promote your business locally? Those are questions only you can answer.
