Valvoline Inc. has been recognized as a top franchisor in Entrepreneur’s 45th annual Franchise 500, the company reported. It ranked first among all oil change and preventive automotive maintenance brands and 27th overall among the top 500 franchise brands.
“We are proud to be one of the top franchisors in North America,” said Valvoline President and CEO Lori Flees. “Our franchise partners have been, and continue to be, a critical part of our incredible growth track record and we continue to recruit new partners to our network.”
Valvoline said more than half of its oil change and preventive automotive maintenance retail store locations are franchise-operated service centers. The company is accelerating growth of its retail footprint, with a target to add 250 new store openings annually by 2027, with 150 of those coming from franchisees, Valvoline added.
The Entrepreneur Franchise 500 ranks companies with a minimum of 10 franchise units that are looking to expand in the United States and Canada. The recognition is based on key evaluation pillars: cost and fees, size and growth, support and brand strength.
