About Grease Monkey Franchising LLC
Founded in 1978 and headquartered in Denver, Colorado, the Grease Monkey® brand currently operates more than 300 centers internationally with operations in Mexico, China, Colombia and Saudi Arabia. Grease Monkey® is the nation’s largest independent franchisor of automotive oil change centers and is looking to expand in 2021 by opening 30+ new locations. Grease Monkey® International, LLC is the nation’s largest independent franchisor of automotive oil change centers serving more than 2 million customers each year. A majority of Grease Monkey® centers are franchisee owned and operated. Our franchisees are entrepreneurs who come from a wide range of backgrounds and experience. Besides offering needed maintenance services to car and truck owners, Grease Monkey® franchisees play an important role as business owners, employers, supporters, and good citizens in the communities they serve.
Why Invest In A Franchise?
With a leadership team comprised of former owner-operators with extensive experience in senior-level roles on the franchisor side, Grease Monkey® possesses the industry knowledge that positions its franchisees for success. We can help you grow because we’ve been there ourselves.
Driven By A Proven Strategy – Our focus on being our customer’s trusted partner dictates the way we operate and the way we train. We show you our proven approach that has helped drive high customer retention rates so that you and your crew can deliver on the Grease Monkey promise of superior service time and again.
Backed By Industry Veterans – With over 70 years of combined experience, Grease Monkey is part of the FullSpeed Automotive™ family of brands, one of the nation’s largest franchisors of automotive service centers. We’re not owned by an oil company, which means there is no obligation to buy a specified brand of products, letting us negotiate the best possible pricing for our franchisees. We make recommendations without dictating what products franchisees must use, keeping our owner-operators in the driver’s seat.
Low-Cost Build Options – In addition to acquiring a model that allows for build-outs to be tailored to the area being served, franchise owners can add on an additional revenue stream through our Monkey Shine® Car Wash. In addition, Grease Monkey and Monkey Shine® facilities are relatively simple to operate, with a streamlined operating environment and limited inventory requirements. We don’t require our franchisees to have experience in the automotive industry because we provide comprehensive training and support in all aspects of center operations.
Proudly Independent – Grease Monkey is not owned by a major oil company. This means that we can focus on providing customers the best products and services in a way that reinforces our goal of being their trusted partner.
Our Guarantees Keep Customers Coming Back – The Certified Pit Crew Time Guarantee: Grease Monkey knows that our customers’ time is valuable. That’s why our Certified Pit Crew provides a service time promise to customers right up front. Customers watch the Pit Crew Timer countdown, and for every minute over that promise, we refund our customer $1. Get In. Get Out. Get Going. ™
Next Level Training and Operations – The Certified Pit Crew program is a cornerstone of the Grease Monkey® business model, requiring our teams to deliver speed, quality and a remarkable experience to every customer, at every service visit. Most of our franchisees do not have prior experience in the automotive service industry–they come from almost every walk of life and background imaginable. If you like people, have a hunger to be successful in a business of your own, are willing to follow proven systems and methods of operation and have the capacity to learn, you can be successful owning a Grease Monkey Franchise business. We will provide the training you need prior to your opening and on an ongoing basis.
Training is conducted in our corporate headquarters as well as in the field and we offer an online university that is available 24/7 for you and your employees. Our newsletters, webinars, regional training and convention offer additional training and support, so you can be in business for yourself, but not by yourself.
Kevin Kormondy, CEO/President
1979 (42 years)
Total Number of Units
369 (as of 2020)
Part-Time / Full-Time
How Much Does It Cost To Open A Grease Monkey Franchising LLC Franchise?
There are several costs associated with opening a Grease Monkey Franchising LLC franchise. There is typically a franchise fee set by the franchisor, which covers the costs of opening a franchise location. Some other commons fees include equipment fees, marketing fees, licensing fees, insurance, and taxes, to name a few.
Some franchises may have a weekly fee that the franchisee pays for operating a Grease Monkey Franchising LLC franchise. The weekly fee for opening a Grease Monkey Franchising LLC franchise is not specified.
The full breakdown of these fees can be found in the Financial Disclosure Document (FDD) provided to franchisees by the franchisor. The FDD report will contain additional information such as whether the franchise is renewable (Grease Monkey Franchising LLC Is Renewable) and does the franchise offer financing support (Grease Monkey Franchising LLC Grease Monkey Franchising LLC has relationships with third-party sources which offer financing to cover the following: franchise fee, startup costs, equipment, inventory, accounts receivable, payroll).
Grease Monkey Franchising LLC Company Details
Here are some additional details about Grease Monkey Franchising LLC.
|Parent Company||FullSpeed Automotive LLC|
|Net Worth Requirement||$250,000|
|Veteran Incentives||$10,000 off franchise fee; rebates on royalty fees for first two years|
|Cash Requirement||$60,000 - $75,000|
|Term of Agreement||15 years|
|Run from Home||No|
Training and Support Offered By Grease Monkey Franchising LLC
Grease Monkey Franchising LLC offers several support options to its franchisees. With 369 (as of 2020) units, Grease Monkey Franchising LLC aims to provide support to each franchise owner to help them operate a successful franchise location. Grease Monkey Franchising LLC offers 66 hours on the job training, 35 hours classroom training, and Annual regional meetings additional training.
Training and Support Offered
Here are the support options offered by Grease Monkey Franchising LLC.
|On-The-Job Training||66 hours|
|Classroom Training||35 hours|
|Additional Training||Annual regional meetings|
Is Grease Monkey Franchising LLC Right For You?
Grease Monkey Franchising LLC has gone digital! Here are all of the ways you can find Grease Monkey Franchising LLC online. Oftentimes, you can reach out to current franchisees of Grease Monkey Franchising LLC online. Current franchisees may be able to offer personalized insights into what it is like owning a Grease Monkey Franchising LLC franchise and offer tips to running a successful Grease Monkey Franchising LLC franchise location.
Why Should You Start a Grease Monkey Franchising LLC Franchise?
Investing in a Automotive franchise such as Grease Monkey Franchising LLC can kickstart your franchise portfolio. Our goal at Why Franchise is to provide you with the resources needed to be a successful franchise owner. Fill out the form below to get more information about Grease Monkey Franchising LLC franchise and we'll be in touch soon!