How to Become a Vendor for Jiffy Lube

Founded in 1979, Jiffy Lube is a well recognized brand particularly in the western part of the United States. Becoming a Jiffy Lube vendor provides would-be entrepreneurs with the opportunity to start their own business, within the framework of an already established framework of business processes and with the backing of the well-known Jiffy Lube brand.

• 1

  Fill out the franchise application form on the Jiffy Lube website. This will put you in contact with a representative of Jiffy Lube. Someone should explain to you details on how to proceed with your application.

• 2

  Fulfill the Jiffy Lube vendor requirements. To become a Jiffy Lube vendor you should have a net worth of at least $450,000 and cash liquidity of $150,000. Your net worth should not include your main residence. Jiffy Lube vendors are also expected to commit to a 20-year renewable agreement.

• 3

  Examine your own personal management and business skills. Jiffy Lube not only looks for business people with strong finances, but those who can demonstrate strong business skills, a willingness to learn and ability to manage a team. If you feel there are skills you are missing, consider hiring someone within your team who can meet your shortcomings.

• 4

  Calculate whether or not becoming a Jiffy Lube vendor is a worthwhile investment for you. You will need to pay Jiffy Lube 5 percent of all royalties as well as their annual vendor fee of $17,500. Don't forget to include any bank loans or external investment you might be using to get the business up and running.

• 5

  Respond to Jiffy Lube's franchise team to let them know you are interested in proceeding with your vendor application. Jiffy Lube will then examine your finances to make sure you are a suitable candidate before inviting you to attend two to four weeks of training at the franchise office.