LEXINGTON, Ky. – Valvoline Instant Oil Change has
announced its No. 60 ranking on the Entrepreneur
Franchise 500 List. This is Valvoline Instant Oil Change service centers’ second
year on the list, moving up two spots from last year. The Franchise 500 list
ranks the country’s most successful franchises with proven stability, financial
strength and growth.
Valvoline
Instant Oil Change, the nation’s second-largest quick-lube chain, currently has
900 centers in the U.S. with 636 franchised and 264 company-owned locations.
Valvoline Instant Oil Change is a business unit of Ashland Consumer Markets, a
commercial unit of Ashland Inc.
"We’re
honored to earn this distinction as one of the most successful franchise
systems in the country," said Matt McKeown, vice president of franchising
for Valvoline Instant Oil Change. "We are ‘America’s motor oil,’ and it’s
our rich history and trusted brand that keeps drivers coming back to us again
and again for an oil change. Customers value our business strategy of providing
industry-leading service and value with our high-quality Valvoline products. We
are a solid franchise because we give our owners continued support and
structure they won’t find with other systems. Our franchise support team
members have either worked in or owned stores, so they know our service-based
culture first-hand. With hundreds of company-owned stores, we can thoroughly
test our products and services before introducing them to our franchisees. We
invest in ourselves so we know the products and services we offer are the best
you can buy."
Throughout its 35
years in existence, the Franchise 500 has become both a dominant competitive
measure for franchisors and a primary research tool for entrepreneurs. The
rankings for all 500 companies are determined using an exclusive formula that
takes into account objective and quantifiable factors. An independent CPA
analyzes all financial data. The most important factors include financial
strength and stability, growth rate and size of the system. All franchises are
given a cumulative score, and the 500 franchises with the highest cumulative scores
become the Franchise 500 in ranking order.
