Strickland Brothers 10 Minute Oil Change

Item 7 lays out a relatively accessible entry for automotive services at $247,900-$391,900 total investment, including a steep $54,900 franchise fee that exceeds many quick-lube peers—think $30K-$50K norms—but offset by streamlined 10-minute ops needing minimal staff. Ongoing fees stack up: 6% royalty, 2% brand fund, 2.5% local marketing, plus a $395/month technology surcharge, pushing total outflows to 10.5% plus fixed costs. Item 19 shines brightly with average gross revenue of $636,828 and median $655,916 across disclosed units, implying strong top-line potential in high-traffic spots; at 6-8% net margins typical for the category, that could yield $40K-$52K EBITDA for owners, though unverified without costs.

System vitality looks robust for a 2019 franchisor: locations jumped 40% from 47 to 66 in 2022-2023 (now 67 franchises amid 159 corporates, totaling 226), with 40 projected new units signaling PE-fueled momentum from Princeton Equity Group. Health flags are minimal—1 termination, 3 transfers—far below category averages, and 41 SBA loans averaging $610,210 (larger than typical $400K-$500K quick-service) indicate lender confidence despite the youth. Heavy corporate footprint (70% of units) aids brand testing but raises saturation risks for franchisees; still, low defaults and growth trajectory make this a data-backed bet for hands-off operators chasing $600K+ grosses in underserved drive-thru markets.