Grease Monkey
Grease Monkey franchise for sale in Salisbury, Maryland
List Price: $175,000 USD
Key Facts
Annual Gross Revenue
$530,000 USD
Cash Flow
$25,000 – $50,000
Seasonal Business
No
Value of Inventory
Less than $25,000
Value of Assets
$25,000 – $50,000
Year Established
2017
Business Operates From
A retail location
Location Is
Owned
Approx. Monthly Rent
$4,500
Total Employees
10–25
+3 MonthsTransition
Support
SomewhatPrice/Terms
Flexibility
SomeSeller financing Available
Part-timeOwner
Involvement
About this Business
This Grease Monkey center is located in an ideal location on the main highway in Salisbury, MD, directly across from a Wawa convenience store. High traffic, high visibility location to attract customers!
The building’s lot is large with plenty of area to expand with a car wash, UHaul, or food truck locations. There are three operating bays, with new bay doors and lifts that allow for light mechanical work. The lobby is spacious and very nicely decorated and socially distanced to provide ample waiting area for customers. There is an out-building that would allow for storage of inventory, such as tires. This franchise has over 100 local fleet accounts. Local, state, and federal incentive grants and money are available for business development in the county and area.
Growth opportunities
Space and zoning for a car wash as well as UHaul rentals; a third bay for heavier mechanical work or to rent; space for food trucks, detailing services, and car shows.
Owner's Day-to-Day Involvement
Inventory management; payroll approval; Quickbooks; supervision of daily operations/management team
Additional Info
Option for either ISI or Sage operating system. Have equipment and set-up option for both.
Asset Description
Lifts (2); tire machine; 275 gallon oil tanks; outbuilding
Inventory Description
Oil; oil filters; wiper blades; bulbs
Reason for Selling
Duties and travel related to parental care require seller to change priorities.
Why I Love My Franchise
Salisbury is a small, charming college town with loyal residents; 30-minute drive to the beach; low cost of living.
About Grease Monkey
Grease Monkey®, a subsidiary of FullSpeed Automotive®, is a franchise-based full-service automotive care company offering myriad services such as oil changes, alignment, battery service, diagnostic testing, emission services, and more. Founded in 1978, Grease Monkey® now boasts over 300 convenient locations. With a proven and dynamic system of operation, Grease Monkey® ensures the long-term success of the brand and its franchisees. Whether you’re a seasoned “grease monkey” or new to automotive care, the franchise offers extensive training and support to guide you from startup to maturity. As a rapidly expanding brand, Grease Monkey® seeks progressive entrepreneurs eager to own their business and thrive in the automotive maintenance industry.
Franchisee Support
Grease Monkey® offers comprehensive support to its franchisees, including one week of classroom training followed by in-center crew training. The franchise assists in site selection, working with local real estate brokers to secure optimal locations and negotiate favorable lease terms. Franchisees receive robust marketing support through sophisticated campaigns, ongoing operational support with regular franchise director visits, and continued assistance to ensure smooth operations and address challenges.
Brand Accolades & Awards
Grease Monkey® has been recognized as a Top Franchise for Veterans by Entrepreneur Magazine for five consecutive years. These accolades underscore Grease Monkey's commitment to excellence and consistent franchisee success.
Industry / Market
Grease Monkey® operates in the expanding U.S. automotive aftermarket industry was valued at $418.95 billion in 2023, with some predicting it will grow to $642.02 billion by 2031, with a CAGR of 4.8% from 2023 to 2031. With a focus on providing efficient oil change services and multiple additional services, Grease Monkey® is well-positioned to capitalize on this growth, driven by factors such as an aging vehicle fleet and increasing consumer demand for maintenance and repair services.
Ideal Owner
The ideal Grease Monkey® franchisee is an automotive enthusiast with strong business acumen. They should be customer-oriented, organized, and capable of managing a team in a fast-paced environment. Experience in the automotive service industry is advantageous, along with a commitment to providing high-quality service.