Strickland Brothers 10 Minute Oil Change Franchise FDD, Costs & Fees (2024)

KEY FRANCHISE STATS

All you need to know about this franchise in a snapshot

Initial franchise fee
$54,900
Investment required
$270,000 - $1,933,000
Royalty fee
6.00%

Strickland Brothers: Revolutionizing Quick and Reliable Automotive Maintenance

Strickland Brothers 10 Minute Oil Change, based in Winston-Salem, North Carolina, operates a series of automotive repair and maintenance centers. These facilities offer a variety of services, including quick drive-through oil changes, fleet services, state inspections, and complimentary courtesy checks.

Founded in 2016 by Justin Strickland, Strickland Brothers 10 Minute Oil Change began as a family-owned business. The name honors the founder's two sons, Tate and Beckett, and their portrait is proudly displayed in each location.

The company started franchising in 2019.Through ongoing innovation and structured programs, Strickland Brothers 10 Minute Oil Change is committed to maintaining high service standards characterized by innovation and consistent quality.

Initial investment

Here's what you would need to invest if you were to start this franchise. These costs are provided by the franchisor in the Franchise Disclosure Document.

Strickland Brothers offers 2 types of franchises:

Type of Expenditure Amount
Initial Investment (Full Development Option) $270,400 to $486,900
Initial Investment (Ground Lease Option) $756,900 to $1,933,400

We are summarizing below the main costs associated with opening a tradtional Strickland Brothers franchise under a ground lease option.

For more information on the various types of franchises and its costs, refer to the Franchise Disclosure Document (Item 7).

Ground lease option

Type of Expenditure Amount
Initial Franchise Fee $54,900
Travel and Living Expenses While Training $2,500 to $10,000
Equipment, Tool Package $30,000 to $60,000
Equipment Installation $0 to $50,000
Building Construction $300,000 to $900,000
Site Work $150,000 to $300,000
General Construction Fees $70,000 to $300,000
Construction Manager(s) $0 to $50,000
Due Diligence Items $30,000 to $50,000
Furniture and Décor $2,500 to $8,500
Computer and POS System $10,000 to $15,000
Grand Opening Advertising $20,000
Inventory and Supplies $20,000 to $25,000
Insurance $2,000 to $5,000
Signage $15,000 to $35,000
Additional Funds (3 months) $50,000
Total Estimated Initial Investment $756,900 to $1,933,400

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Number of units

2023
Franchised units

0

18

38

Company-owned units

17

28

73

Total units

17

46

111

Franchise Disclosure Document

Training 

The Strickland Brothers franchise offers an extensive training program designed to equip franchisees with the necessary skills to operate a Service Center efficiently. The training program includes:

Initial Training: This crucial phase is mandatory for the Principal Owner, General Manager, and one additional individual, focusing on operational procedures and system standards.

Continuing Training: Franchisees are required to participate in ongoing education programs that cover various aspects of operation and promotion as mandated by the franchisor.

Annual Conference: Attendance at the annual franchisee conference is compulsory, providing updates, strategic discussions, and networking opportunities.

Operations Manual: A detailed guide that includes both mandatory and recommended procedures for managing the Service Center effectively.

Additional Training: Available for new hires and replacements, ensuring that all personnel maintain a high standard of service.

Territory Protection

The Strickland Brothers franchise provides territory protection to its franchisees under certain conditions, as outlined in their Franchise Agreement.

Franchisees are assigned a specific territory where the franchisor commits not to open or authorize another Strickland Brothers business. However, this territory is not exclusive, meaning franchisees might face competition from other franchisees, company-owned locations, or other channels managed by the franchisor.

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