TL;DR
Grease Monkey, the largest independent franchisor of automotive oil change centers in the US, has a comprehensive franchisee vetting process to ensure excellent business and culture fit. The brand has over 230 locations across the US and is actively seeking franchisees to bring its services to new markets.
With more than 230 locations across the United States, Grease Monkey is the largest independent franchisor of automotive oil change centers in the United States—and the brand has no plans to curb its growth.
Grease Monkey **was first founded in 1978 when founders Alex Anderson and Bob Palmer saw an opportunity in America’s changing automobile landscape. Gas stations were transforming from being full-service locations to solely offering self-service pumps, resulting in a dramatic reduction in service bays. This, in turn, made it difficult for drivers to find stations that offered oil-changing services.
Grease Monkey fills this void by acting as a one-stop-shop for oil change and automotive maintenance needs, and the brand is actively seeking franchisees to bring these valuable services to their markets.
Franchisee vetting process
The process of becoming a Grease Monkey franchisee is rigorous, according to Chief Development Officer Ralph Yarusso.
“The Grease Monkey leadership team is highly invested in finding growth-minded franchisees who will be an excellent fit for our brand,” Yarusso said. “Prospective franchisees are not required to have any prior automotive industry experience, but they should have a successful business background and extensive experience in management and operations. There are many layers to this business and franchisees should be prepared to deal with its challenges and complexities.”
The discovery process for Grease Monkey includes attending a “Crew Day” to get a solid idea of what the day-to-day franchisee life would be like. Crew Day involves visiting Grease Monkey franchises close to headquarters and observing crew members in action as they fix customer vehicles.
“Prospective franchisees come to our headquarters in Denver and, together with leadership team members, visit existing centers and meet with franchisees and staff members,” Yarusso said. “This gives prospective franchisees a chance to ask questions and get their arms around what the day-to-day operation looks like.”
Grease Monkey also ensures prospective franchisees have time to speak privately with current franchisees, providing them with a chance to ask all of their questions and get honest feedback.
“We bring in a local franchisee to speak with the candidates, and the leadership team leaves the room,” Yarusso said. “There are typically six to eight prospective franchisees in the room, and we make sure they have plenty of time to ask the current franchisee any and all questions they have. We’ve gotten really good feedback on this particular step.”
Onboarding and support
Once a franchisee signs on with Grease Monkey and acquires a franchising license, it usually takes 18 months until the opening date due to the real estate selection process. Grease Monkey centers have very specific requirements, and for this reason, the company has developed a sophisticated site-selection process over the years and works closely with franchisees to help them find the perfect spot in their market. Grease Monkey also helps with lease negotiation, property purchasing and recommending real estate brokers.
“It’s very important to us to help our franchisees find the best real estate,” Yarusso said. “We make sure to keep the franchisee’s best interests at heart.”
With so many support systems in place, Grease Monkey is committed to finding franchisees who are the best fit for the brand and making sure they have all of the tools they need to succeed.
In this story
This story was originally published in 1851 Franchise on February 12, 2020. Burnaze summarizes and links to the original reporting.
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