Q & A

Here is a list of frequently asked questions.

Q: What qualifications, among others, are essential in order to be considered for a Mr. Fast Lube Franchise?

A: The following qualifications are essential before being considered for a Mr. Fast Lube Franchise.

•  An entrepreneurial spirit and strong desire to succeed 
• The ability to motivate and train people
• The ability to manage finances
• The willingness to personally devote full time and best efforts to the day-to-day operation of the fast lube as an on-premises franchisee
• The willingness to complete a comprehensive training and evaluation program on a part-time basis, in order to become proficient in all aspects of running the Mr. Fast Lube business
• Financial qualifications

Q: How much cash or liquid assets are initially required to acquire a franchise?

A: The initial cash investment is a minimum of $60,000 for a conventional purchase.

Q: Will Mr. Fast Lube finance the remaining balance of the cost of the franchise?

A: No, Mr. Fast Lube does not provide any financing. The remaining cost may be financed through a bank.

Q: What is the availability of sites in my area?

A: The availability of franchises in specific areas will be discussed during your initial interview. Therefore, the flexibility to relocate when considering a fast lube opportunity may be necessary.

Q: Will Mr. Fast Lube buy a piece of property that I own and then sell me the franchise for that location?

A: Our franchisee-selection process does not play a part in our site selection. In other words, we develop a location because we think it will be successful and without regard to whom the franchisee may be. Mr. Fast Lube does all the site evaluation and selects the location.

Q: How much money can I make?

A: Profitability varies depending upon a number of factors, including sales, location, occupancy, and operation costs, and the ability of the franchisee to manage and control the business. Questions related to profit and loss are discussed during the interview process.