Express Oil Change / Irondale, Alabama
Rating: ★
9 years in Business
Auto Repair & Service, Automobile Parts & Supplies, Auto Oil & Lube
Address: 1880 Southpark Dr, Irondale
Postal code: 35244
Phone: (205) 945-1771
Categories:
Auto Oil & Lube, Auto Repair & Service, Brake Repair, Automobile Parts & Supplies, Automobile Accessories
Payment:
amex, discover, master card, visa
Open hours:
No info
Extra phones:
(205) 874-9300
Reviews:
Proceed With Caution - Franchisor
ExpressOil Change - Franchisor
Claiming ""99% survival rate form ground up locations since 1996"" The actual numbers show very differently.
Questions:
Birmingham Business Journal Article of April 4, 2008 article on Express Oil Change & Service Center: At that time, ""24 new franchisee owned centers was the goal with no new corporate centers"" was the plan.
You should find that the n... view moreine new ""ground up"" stores opened in 2008 and all tracking under well projected sales - with 7 of the 9 tracking at about 50% of projected revenues. Most of the new owners cannot sustain those numbers averaging 1.3 million in debt service while gross revenues plotting at $320k annual.
Recent figures regarding EOC Corp. stores v. Franchise Stores over the past three years:
2007:
51 Corp stores v. 106 franchisee stores
2009:
70 Corp stores v. 99 franchisee store
That`s a 37% increase in Corp stores, while a 9% decrease in franchisee stores - during a time when they claim they do not want to open any additional Corp stores. Where are they getting these stores from? Failing franchisees? If yes, then how or why do you continue with the same business model and claim 99% survival rate?
Latest: Inde Express, LLC
Is this information being properly disclosed by the franchisor as required by FTC regulation? We may soon find out since complaints have been made.
Claiming ""99% survival rate form ground up locations since 1996"" The actual numbers show very differently.
Questions:
Birmingham Business Journal Article of April 4, 2008 article on Express Oil Change & Service Center: At that time, ""24 new franchisee owned centers was the goal with no new corporate centers"" was the plan.
You should find that the n... view moreine new ""ground up"" stores opened in 2008 and all tracking under well projected sales - with 7 of the 9 tracking at about 50% of projected revenues. Most of the new owners cannot sustain those numbers averaging 1.3 million in debt service while gross revenues plotting at $320k annual.
Recent figures regarding EOC Corp. stores v. Franchise Stores over the past three years:
2007:
51 Corp stores v. 106 franchisee stores
2009:
70 Corp stores v. 99 franchisee store
That`s a 37% increase in Corp stores, while a 9% decrease in franchisee stores - during a time when they claim they do not want to open any additional Corp stores. Where are they getting these stores from? Failing franchisees? If yes, then how or why do you continue with the same business model and claim 99% survival rate?
Latest: Inde Express, LLC
Is this information being properly disclosed by the franchisor as required by FTC regulation? We may soon find out since complaints have been made.
eocwanab / 8/18/2009
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