Question 1

How much does it cost to open a Jiffy Lube franchise?

Accepted Answer

The total initial investment for a Jiffy Lube franchise ranges from $232K to $520K, according to the latest Franchise Disclosure Document (FDD).

Question 2

What is the Jiffy Lube franchise fee?

Accepted Answer

The initial franchise fee for Jiffy Lube is $35K.

Question 3

What are the net worth requirements for a Jiffy Lube franchise?

Accepted Answer

Net worth requirements for Jiffy Lube are specified in the Franchise Disclosure Document.

Question 4

Does Jiffy Lube require a personal guarantee?

Accepted Answer

Yes, Jiffy Lube requires a personal guarantee from franchisees.

Question 5

What equipment and inventory costs are involved with a Jiffy Lube franchise?

Accepted Answer

Equipment costs for a Jiffy Lube franchise range from $125K to $325K. Initial inventory costs range from $20K to $30K.