12/30/2023 0 Comments Best quick oil change near me![]() Ready-to-use space with no major renovations or repairs needed.Flexible lease that can be extended as your business grows.Ventilated and spacious, with good natural light.When choosing a commercial space, you may want to follow these rules of thumb: You can find commercial space to rent in your area on sites such as Craigslist, Crexi, and Instant Offices. It’s also important to consider the size and layout of the space. You’ll want to choose a spot that’s visible and accessible, with high traffic volume and easy parking for customers.Ĭonvenience is key in this industry, so aim for a location that’s near major roads or highways, and, ideally, within a commercial area with other automotive businesses. ![]() Location is key when starting an oil change business. Where? Choose your oil change shop location Your target market will be broad, so you should spread out your marketing to include sites like TikTok, Instagram, Facebook, and LinkedIn. Remember, the prices you use at launch should be subject to change if warranted by the market. Once you know your costs, you can use this Step By Step profit margin calculator to determine your mark-up and final price points. After costs for materials, labor, rent, and overhead, you should aim for a profit margin of about 20%. Check prices in your area to make sure you’re competitive. The average price for an oil change is about $60. How much should you charge for oil changes? You could also do tire balancing and other basic vehicle services. You can also offer other replacement parts such as lights or windshield wipers. In addition to oil changes, you’ll want to service all vehicle fluids and change filters. What? Determine your products or services This could jumpstart your word-of-mouth marketing and attract clients right away. You might consider targeting a niche market by specializing in a certain aspect of your industry, such as oil changes using synthetic motor oil or fleet services for trucking companies. With annual revenue of $624,000, you’d make a fantastic profit of $125,000. As your brand gains recognition and you get repeat business and referrals, you could do 200 oil changes a week. This would mean nearly $44,000 in profit, assuming that 20% margin. In your first year or two, you could do 70 oil changes a week, bringing in $218,000 in annual revenue. Your profit margin after materials, labor, and overhead should be about 20%. How much can you earn from an oil change business? Setting up a business name and corporation Inventory of oil and other fluids such as transmission fluid. ![]() You’ll need a handful of items to successfully launch your oil change business, including: Alternatively, you could work at any quick lube franchise that offers training programs to gain some hands-on experience. If you don’t know how to perform oil change services, you can find a trade school near you and go through a program. Costs include garage space rental, lifts and bays, equipment, and an inventory of oils and filters. Startup costs for an oil change business range from $106,000 to $240,000. You can view local dealer Oil Change offers here.How much does it cost to start an oil change business? They will include a free, quick Multi Point Inspection and perform any needed adjustments as your car ages. Start by scheduling your oil change today at your local Hyundai dealer. Other benefits include:Īnd finally, setting a regular oil change maintenance schedule can serve as a benchmark for when other maintenance needs are to be met. Spending the money and taking the time to get oil changes when recommended by the manufacturer can save lots in the long-run. ![]() Based on all your combined driving habits, you may need to change the engine oil more frequently (every 4,500-5,000 miles may be more appropriate than the normal 6,000-7,500 miles).
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