Is Mobile oil Change profitable?
How much profit can a mobile oil change make? A fully booked oil change business can earn an annual profit of six figures. For example, assume a business does two oil changes per hour and charges $50 per oil change. Working 40 hours a week, 50 weeks a year the business would bring in a revenue of $200,000.
How much profit is in an oil change?
While an oil change in itself makes very little profit, the addition of extra services and parts for each customer raises the average profit margin up to 35% for services rendered per customer.
Can I do an oil service myself?
Materials Required. Changing the oil in your car is something that any DIYer can do. Although changing the oil might appear rather “duh,” there are still a lot of folks doing it wrong, making it an ugly chore. An oil change is the most important task you can do to make your engine last.
How long should a basic oil change service take?
about 30-45 minutes
Typically, an oil change takes about 30-45 minutes. The process includes draining out the existing oil and changing the oil filter, then placing new oil into the engine.
What is the markup on an oil change?
That averages out to $39.18 per oil change, according to Modern Tire Dealer’s most recent Automotive Service Survey, well above the average advertised price for an oil change in the aftermarket (see sidebar). In addition, the average profit margin per job is 35%.
Can you change oil without changing filter?
Is it possible to change oil without changing the oil filter? Yes, you can change oil without changing the filter, but it is best to go through the owner’s manual to see what’s reccomnded for your car and its engine.
How long can you drive with oil change light?
If your oil light comes on, you should try to have your vehicle inspected by a professional mechanic as soon as possible. Note, though, that driving around a bit more won’t destroy anything. Generally speaking, you have about 2 weeks or 500 miles of driving before a flashing oil light turns into a legitimate problem.
Who owns the most Jiffy Lubes?
Heartland Automotive Services, the largest Jiffy Lube franchisee in the U.S., purchased 33 stores, while the newly formed CISA Lubes SC franchise group took over 24 locations.
What is Jiffy Lubes business strategy?
Jiffy Lube’s strategy includes serious investment and commitment toward growth through new stores and locations. Jiffy Lube recently announced it has set up a fully owned subsidiary and raised a substantial amount of capital to build new stores.
Do you need a business plan for a mobile oil change?
if you are truly convinced that starting a mobile oil change business is the right business for you to do, then you need to write your own business plan. Below is a sample mobile oil change business plan template that will help you successfully write yours with little or no stress; 1. Industry Overview
How much does it cost to start an oil change business?
Going by the report from the market research and feasibility studies conducted, we will need about two hundred and fifty thousand ( 250,000) U.S. dollars to successfully set – up a medium scale but standard mobile auto oil change services company with more than a handful of employees in the United States of America.
Do you need a book to start an oil change business?
However a business owner gains the required knowledge, it’s a good idea to keep books on hand for reference. Two popular titles are Auto Repair and Maintenance, and Auto Repair for Dummies. What is the growth potential for a mobile oil change? A mobile oil change business can remain a small operation with just one or two people.
Can I be held personally liable for a mobile oil change?
Establishing a legal business entity such as an LLC or corporation protects you from being held personally liable if your mobile oil change is sued. You can form an LLC yourself and pay only the minimal state LLC costs or hire one of the Best LLC Services for a small, additional fee.