FREE Franchise Guide!
Franchise 500 2023
2024 Franchise 500 Rank
#435 Ranked #182 last year
See the Full List
Initial investment
$246K - $762K
Units as of 2023
499 Increase 35.2% over 3 years

Grease Monkey has been open for business since 1978 and franchising since 1979. It has more than 350 locations, with more than 225 of those being owned and operated by franchisees. Grease Monkey is committed to helping customers by providing routine maintenance on their cars and making the experience fast, easy, and convenient.

Its talented crews work on everything from air conditioning and air filters to tire rotation and transmissions. Grease Monkey also offers fleet services to help companies maintain the lives of their auto-assets. Its mechanics keep detailed records on the work they do to make sure vehicles are ready for the road, no matter the conditions. 

Why You May Want to Start a Grease Monkey Franchise

There are more cars on the road right now than at any other time in history. The average age of cars on the road is about 12 years. Cars need upkeep, especially as they get older. What does this mean for your shop? The auto industry tends to have a more consistent customer base. As a result, current Grease Monkey franchisees that provide quality service may keep customers coming back.

Unlike other auto chains, Grease Monkey isn't owned by an oil company, so there's a good chance you won't have to buy products dictated by headquarters. Headquarters, which is located in Greenwood Village, Colorado, often makes recommendations on what franchisees should purchase based on what they believe may result in the best conclusion for you. However, they generally have the option to choose whether or not they follow those recommendations.

What Might Make Grease Monkey a Good Choice

Grease Monkey has been ranked in Entrepreneur’s Franchise 500 many times since its inception. This ranking is based on an evaluation of more than 150 data points that consist of areas in costs and fees, size and growth, franchisee support, brand strength, and financial strength and stability.

When you open a Grease Monkey franchise, you might have the choice of adding a Monkey Shine® Car Wash to your facility. This addition can give you another source of revenue, which is an added benefit. For some customers, having the car wash addition increases the convenience factor and can build customer loyalty.

As a franchisee, you're usually in control of how you market your center to the community. The Grease Monkey marketing team has developed many different strategies; you just have to pick out what you want to implement. The marketing team may also give you advice, helping to make your marketing strategy the most effective.

How to Open a Grease Monkey Franchise

If you want to open a Grease Monkey franchise, you'll need to indicate your net worth and how much liquid capital you have. You should be financially ready to make an initial investment made up of a franchise fee and other startup costs. You should also be prepared for ongoing fees that will consist of advertising fees, royalty fees, and potential renewal fees. If you are an honorably discharged veteran or a first responder, you might be eligible for discounts.

During the process, a representative will typically contact you to discuss the business, your experience, possible locations, and more. The company also expects new franchisees to attend the Join Our Crew event. Once you sign a Franchise Agreement, you should be able to start selecting a site, constructing your facility, and planning your grand opening. Clients just might go bananas for your quality service and skilled Grease Monkey staff.

Find Your Perfect Franchise

Company Overview

About Grease Monkey

Industry Automotive
Related Categories Oil-Change Services, Automotive Repair & Maintenance Services
Founded 1978
Parent Company FullSpeed Automotive
Leadership Rob Lynch, CEO
Corporate Address 5575 DTC Pkwy., #100
Greenwood Village, CO 80111
Social Facebook, Twitter, LinkedIn, Instagram

Business Overview

Franchising Since 1979 (45 years)
# of employees at HQ 139
Where seeking

This company is offering new franchises throughout the US.

This company is offering new franchises in the following international regions: Asia, Middle East, South America, Mexico

# of Units 499 (as of 2023)

Information for Franchisees

Here's what you need to know if you're interested in opening a Grease Monkey franchise.

Financial Requirements & Ongoing Fees

Here's what you can expect to spend to start the business and what ongoing fees the franchisor charges throughout the life of the business.

Initial Franchise Fee Information Circle
$39,900
Initial Investment Information Circle
$245,816 - $761,952
Net Worth Requirement Information Circle
$450,000
Cash Requirement Information Circle
$250,000
Veteran Incentives Information Circle
$10,000 off franchise fee; rebates on royalty fees for first two years
Royalty Fee Information Circle
6%
Ad Royalty Fee Information Circle
4.5%
Term of Agreement Information Circle
15 years
Is franchise term renewable? Yes
Take Our Free Franchise Quiz!

Financing Options

Some franchisors offer in-house financing, while others have relationships with third-party financing sources to which they refer qualified franchisees.

Third Party Financing Grease Monkey has relationships with third-party sources which offer financing to cover the following: franchise fee, startup costs, equipment, inventory, accounts receivable, payroll

Training & Support Offered

Franchisors offer initial training programs and a variety of ongoing support options to help franchisees run their businesses.

On-The-Job Training 43 hours
Classroom Training 29 hours
Ongoing Support
Purchasing Co-ops
Newsletter
Meetings & Conventions
Toll-Free Line
Grand Opening
Online Support
Security & Safety Procedures
Lease Negotiation
Field Operations
Site Selection
Proprietary Software
Franchisee Intranet Platform
Marketing Support
Co-op Advertising
Ad Templates
National Media
Regional Advertising
Social Media
SEO
Website Development
Email Marketing
Loyalty Program/App

Operations

Additional details about running this franchise.

Is absentee ownership allowed? Yes
Can this franchise be run from home/mobile unit? Information Circle
No
Can this franchise be run part time? Information Circle
No
# of employees required to run 8-10
Are exclusive territories available? Information Circle
No
Take our quick quiz to find your ideal franchise

Franchise 500 Ranking History

Compare where Grease Monkey landed on this year's Franchise 500 Ranking versus previous years.

Additional Rankings

Curious to know where Grease Monkey ranked on other franchise lists? Find out below.

Sign Up for Our Franchise Newsletter

Stay up to date on the latest news and trends affecting the franchise industry.

Related Franchises

Are you eager to see what else is out there? Browse franchises that are similar to Grease Monkey.

Fresh Coat

description
Residential and commercial painting

Lendio

description
Small-business financing

Big O Tires

description
Tires, tire services, auto products

Midas

description
Auto repair and maintenance

Related Franchise Content

Catch up on the latest franchise news, trends, and more.

Business News

Burger King's Owner Is Buying the Chain's Biggest Franchisee for $1 Billion

Restaurant Brands International announced the acquisition on Tuesday.

Franchise

5 Reasons to Consider Franchising When Changing Careers

Switching to a new career? Try investing in yourself and promoting yourself to boss.

Franchise

This One Menu Item Turned Arby's Into a Top Contender In the Fast Food Scene

The brand breaks into the Franchise 500 Top 10 on the strength of its game-changing Wagyu Burgers, reimagining the classic American meal and cementing its place as a culinary innovator in the fast food space.

Franchise

These Two Factors Are Leading the UPS Store's Rapid Expansion

The UPS Store holds steady at #4 on the Franchise 500 for the second straight year, by relying on two key intangibles.

Franchise

Culver's Is Punching Way Above Its Weight In the Fast Food World, Thanks to This Unique Growth Strategy

Despite being much smaller than its competitors, Culver's landed at #6 on this year's Franchise 500 by making deliberate decisions and a series of innovations.

Franchise

Jersey Mike's Grew From Hometown Hero to National Powerhouse By Adopting This Mindset

The brand, number two on the Franchise 500, is now poised to grow internationally by bringing its close-knit, neighborhood deli-feel to the world.

See more franchise content
Disclaimer
The information on this page is not intended as an endorsement or recommendation of any particular franchise or business opportunity by Entrepreneur Media. Our listings and rankings are solely research tools you can use to compare opportunities. Entrepreneur stresses that you should always conduct your own independent investigation before investing in a franchise or business opportunity. That should include reviewing the company's legal documents, consulting with an attorney and an accountant, and talking to former and current franchisees/licensees/dealers.
Updated: December 12th, 2022