About Econo Lube Franchisor SPV Franchise
Econo Lube is an automotive quick lube and maintenance services franchise backed by Driven Systems LLC.
The brand has been franchising since 1985, offering fast, affordable oil changes, fluid services, and preventive maintenance for vehicles at convenient neighborhood locations.
The franchise fee is $30,000.
Econo Lube Franchisor SPV Franchise Cost & Fees
Minimum Investment
$184K
Average Investment
$294K
Maximum Investment
$404K
| Fee Type | Amount | Notes |
|---|---|---|
| Initial Franchise Fee | $30,000 | One-time payment upon signing |
| Royalty Fee | 5% of Gross Revenues or a weekly minimum of $612.10, whichever is greater of gross sales | Ongoing; paid monthly |
| Marketing/Ad Fund | 0.5% of Gross Revenues (Advertising Fund Contribution) and 5.5% of Gross Revenues or a weekly minimum of $500, whichever is greater (Local Advertising Fee) | National brand fund |
| Total Investment Range | $184,377 – $404,377 | Includes build-out, inventory, working capital |
The investment range of $184K–$404K reflects variability in build-out costs, store size, lease terms, and market. The combined royalty (5% of Gross Revenues or a weekly minimum of $612.10, whichever is greater) and marketing fee (0.5% of Gross Revenues (Advertising Fund Contribution) and 5.5% of Gross Revenues or a weekly minimum of $500, whichever is greater (Local Advertising Fee)) are ongoing costs paid as a percentage of gross sales.
Investment Breakdown (Item 7)
| Item | Low | High |
|---|---|---|
| Initial Franchise Fee | $30,000 | $30,000 |
| Security Deposit | $2,500 | $2,500 |
| Application Fee | $250 | $250 |
| Travel and Living Expenses while Training | $2,000 | $3,500 |
| Real Property (if Leased or Subleased) | $6,000 | $15,000 |
| Equipment and other Fixed Assets | $33,925 | $167,750 |
| Computer System | $2,084 | $7,500 |
| Waste Oil Tank | $0 | $15,000 |
| Diagnostic Scanning Equipment | $5,000 | $15,000 |
| Opening Inventory | $12,000 | $15,000 |
| Security Deposits, Utility Deposits, Insurance, other Prepaid Expenses | $9,000 | $30,000 |
| Pre-Opening Payroll | $3,750 | $11,250 |
| Additional Funds - 3 Months | $77,868 | $91,627 |
Additional Fees (Item 6)
| Fee Type | Amount |
|---|---|
| Transfer Fee | $3,000 |
| Renewal Fee | $3,000 |
| Audit Fee | Cost of audit |
| Service Fee | $34 |
| Interest | Prime rate plus 2% |
| Late Fee | $100 per week |
| Insurance | Amount of unpaid premiums |
| Lease Payments | Amount of monthly lease payment |
Training Program (Item 11)
| Detail | Information |
|---|---|
| Total Duration | Approximately 10 business days (for new franchisees); 5 days with an option for an additional 5 days (for purchasing existing franchises) |
| Classroom Training | 42 hours |
| On-the-Job Training | 40 hours |
| Training Location | Company’s training center in Charlotte, North Carolina; a Company-owned or franchised Econo Lube N’ Tune & Brakes Business; Franchisee’s Location (for optional second week of existing franchise training); or other designated places. |
| Additional Training | We may require you to attend supplementary instruction courses held on a national or regional basis. If your Gross Revenues decline by 25% or more in any calendar year, you must attend a one-week training class at our choice of location. |
Territory Rights (Item 12)
| Detail | Information |
|---|---|
| Territory Type | Exclusive |
| Exclusive Territory | Yes |
| Description | Your Franchise Agreement will have an attached map describing a geographic area surrounding your Center. We will not open any other Econo Lube Center within your Territory during the term of your Franchise Agreement, or franchise others to do so. However, we reserve the right to operate or franchise businesses under other names, including competitive services, within your Territory. You will not receive an exclusive territory against other brands we control, and you may face competition from other franchisees or company-owned outlets of those brands. We and our affiliates also reserve the right to use other channels of distribution (e.g., Internet, catalog sales) within your Territory. |
Renewal, Termination & Transfer (Item 17)
| Detail | Information |
|---|---|
| Initial Term | 10-15 years |
| Renewal Term | Up to 2 additional terms of 5 years each |
| Renewal Fee | $3,000 |
| Renewal Conditions | You must have complied with your obligations, sign a new renewal agreement on then-current terms, refurbish and remodel your Center, and pay the renewal fee. The new agreement may have materially different terms. |
| Transfer Fee | $3,000 |
| Transfer Conditions | New franchisee must qualify, assume all obligations, complete training, sign a new franchise agreement, and pay the transfer fee. The assignor must sign a general release. The assignor remains liable and guarantees the transferee's performance. Any transfer or sublease renewal must co-brand if eligible. Third-party broker fees and lender transfer fees may also apply. |
| Termination for Cause | We may terminate for various violations, including failure to find a location within 60 days or unsatisfactory completion of the Instruction Course. Curable defaults (e.g., non-payment of fees, non-compliance with laws) have cure periods of 3, 5, or 15 days. Non-curable defaults include abandonment, unlicensed services, bankruptcy, unauthorized transfers, knowingly understating Gross Revenues, repeated defaults, posing danger to the public, or misrepresentations in acquiring the franchise. |
| Non-Compete Period | 1 year |
| Non-Compete Details | During the one-year period after termination, neither you nor any of your shareholders, members, or general partners may directly or indirectly own, operate, advise, be employed by, or have any interest in any business the same or similar to the Econo Lube N’ Tune & Brakes business within 20 miles of the Territory boundaries without our prior written consent. |
Operations & Supply (Items 8 & 15)
| Detail | Information |
|---|---|
| Owner-Operator Required | Yes |
| Participation Details | You must directly supervise and participate in the operation of your Center on an exclusive and full-time basis and complete the Instruction Course. If you are a business entity, a Designated Franchisee Representative (major shareholder, member, general partner, officer, or other approved representative) must participate in management and complete training. If you are an absentee owner, your manager must attend 5 days of training. |
| Required Suppliers | All tools, equipment, uniforms, office supplies, and other materials required to operate your Center must be procured from us or our affiliates, or from other suppliers that we designate or approve. |
| Supply Restrictions | We may designate the manner or method through which you purchase products and services from approved suppliers. If you wish to procure any items from a supplier other than us, an affiliate or a supplier we designate, you must notify us in writing of the proposed supplier, its name and address, and the items you desire to purchase from that supplier. We may condition our approval on the supplier agreeing in writing to comply faithfully with our specifications for the items it sells, and to sell any materials bearing our Trademarks only to our franchisees. |
| Franchisor Revenue from Suppliers | We and/or our affiliates may derive revenue based on your purchases and leases, including from charging you (at prices exceeding our and their costs) for services and products that we or our affiliates sell you and from promotional allowances, rebates, volume discounts, and other amounts paid to us and our affiliates by suppliers that we designate, approve, or recommend for some or all Econo Lube franchisees. During 2021, ELT sold real property, equipment, personal property and other items to our franchisees, and its revenue from purchases of products and services by franchisees was $342,478, all of which was income from sublease payments. |
Financing (Item 10)
| Detail | Information |
|---|---|
| Financing Available | No |
| Description | We do not offer direct or indirect financing. We do not guarantee your note, lease, or obligation. |
Econo Lube Franchisor SPV Franchise Earnings — Item 19
Econo Lube Franchisor SPV does not make an Item 19 financial performance representation in their FDD. This means they do not disclose revenue, profit, or earnings data for franchised locations. Before investing, ask the franchisor directly for franchisee contact information so you can speak with existing owners about their actual financial performance.
Econo Lube Franchisor SPV does not include an Item 19 financial performance representation in their FDD. Contact information for current and former franchisees is listed in Item 20 of the FDD.
Econo Lube Franchisor SPV Litigation & Risk Flags
1 Pending Action ListedReview the full FDD for details on pending litigation.
Litigation and bankruptcy data is sourced from Items 3 and 4 of the FDD. Always verify current status directly from the most recent FDD.
Econo Lube Franchisor SPV System Growth
Total Units
23
Franchised
23
Company-Owned
0
Econo Lube Franchisor SPV currently operates 23 franchised locations and 0 company-owned units. Unit count data is sourced from Item 20 of the FDD.
Unit History (Item 20)
| Year | Opened | Closed | Total |
|---|---|---|---|
| 2019 | 0 | 8 | 33 |
| 2020 | 0 | 1 | 32 |
| 2021 | 1 | 9 | 23 |
Transfers: 1 | Closures: 9
Econo Lube Franchisor SPV Franchise — FAQ
The total investment to open a Econo Lube Franchisor SPV franchise ranges from $184,377 to $404,377, per their Franchise Disclosure Document. This includes the initial franchise fee of $30,000. The investment covers build-out, inventory, equipment, signage, working capital, and other startup costs.
Econo Lube Franchisor SPV charges a royalty fee of 5% of Gross Revenues or a weekly minimum of $612.10, whichever is greater of gross sales, plus a 0.5% of Gross Revenues (Advertising Fund Contribution) and 5.5% of Gross Revenues or a weekly minimum of $500, whichever is greater (Local Advertising Fee) contribution to the marketing/advertising fund. These fees are paid on an ongoing basis.
You can download the Econo Lube Franchisor SPV Franchise Disclosure Document free on this page. The FDD is a public document filed with state franchise registries. Always also request the current FDD directly from Econo Lube Franchisor SPV to ensure you have the most up-to-date version.
Econo Lube Franchisor SPV does not provide an Item 19 financial performance representation in their FDD, which means they do not disclose franchisee revenue or earnings data. Prospective investors should contact existing franchisees directly (listed in Item 20 of the FDD) to gather real-world financial performance information.
Econo Lube Franchisor SPV has been franchising since 1985. The FDD shows an investment range of $184,377-$404,377, a 5% of Gross Revenues or a weekly minimum of $612.10, whichever is greater royalty, and no Item 19 earnings disclosure. There are 1 pending litigation action(s). Review the full FDD and contact current franchisees listed in Item 20 before making any investment decision.
The franchise fee is $30,000 and the total investment ranges from $184,377 to $404,377 depending on location size and market. Contact the franchisor directly for current net worth and liquid capital requirements, territory availability, and application details.
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Data Source & Disclaimer: This website is for informational purposes only. It is not an offer to sell or buy a franchise. This profile is based on publicly available FDD data sourced from state franchise registry filings. All information is for research purposes only and does not constitute legal, financial, or investment advice. Data may be outdated or contain errors. Always obtain the current FDD directly from Econo Lube Franchisor SPV and consult a qualified franchise attorney before making any investment decision. FranchiseOverview.com is operated by Franchising Compliance, LLC and is not affiliated with Econo Lube Franchisor SPV or any of its subsidiaries. To report an inaccuracy: info@franchiseoverview.com