Jiffy Lube Franchisee Expands Footprint In Florida With New Service Centers

Jiffy Lube franchisee South Bay Lube recently expanded in Florida with the opening of two new service centers.

Last month, the entity opened a new four-bay Jiffy Lube Multicare store in St. Cloud, southeast of Orlando. The new store reflects the brand’s expanded business model, which offers brakes, tires and engine diagnostics in addition to the Jiffy Lube Signature Service oil change.

Additionally, the entity acquired a four-bay store in Largo, the fourth-largest city in the Tampa Bay area. While the new location is currently open and operating under Jiffy Lube Multicare, renovations will continue to take place in the coming weeks, the company said.

“I’m excited about our growth over the past several years. We are always looking for opportunities to grow our footprint to better serve consumers in the community,” said Jason Thomas, co-owner of South Bay Lube.

Thomas and co-owner Leif Oskarsson have been Jiffy Lube franchisees for 25 years and currently own and operate 31 Jiffy Lube service centers throughout southwest, central and northeast Florida.

If you’re interested in becoming a Jiffy Lube franchisee or are interested in selling your automotive maintenance business, call 832-337-9029. For more information about Jiffy Lube, visit www.jiffylube.com.

Standard Motor Products, Inc. reported its consolidated financial results for the three months ended March 31, 2024.

Net sales for the first quarter of 2024 were $331.4 million, compared to consolidated net sales of $328.0 million during the comparable quarter in 2023, the company said. Earnings from continuing operations for the first quarter of 2024 were $9.9 million or $0.44 per diluted share, compared to $12.7 million or $0.57 per diluted share in the first quarter of 2023. Excluding non-operational gains and losses identified on the attached reconciliation of GAAP and non-GAAP measures, earnings from continuing operations for the first quarter of 2024 were $10.0 million or $0.45 per diluted share, compared to $13.4 million or $0.61 per diluted share in the first quarter of 2023.