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At least that’s the game plan of the Graeffes, who bought out an original partner in the franchise in December and are already counting $3 million in gross annual revenues and $4 million in assets – all from a cash outlay to them of $50,000 apiece in 1984.
The first garage went up in 1985.
The 20th is slated for opening in the end of 1988.
As for the Graeffes, they are looking for sales revenue of $10 million by 1990 and considerable real estate ownership.
Ranked #1 in the 2011 ASTD BEST Award for the best international training program by the American Society of Training and Development
Ranked #3 in Entrepreneur magazine’s 2013 Franchise 500®
Ranked #1 in the 2014 Training Top 125, Training magazine’s annual ranking of companies’ excellence in training and development programs
Ranked #1 in Category in Entrepreneur’s 2022 Franchise 500
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| Company name | Founded date | Revenue | Employee size | Job openings |
|---|---|---|---|---|
| FAO Schwarz | 1862 | $33.0M | 149 | - |
| Circle K | 1951 | $7.8B | 40,001 | 7,369 |
| Houston ISD | 1879 | $5.5B | 28,652 | - |
| LAKE REGION ELECTRIC ASSOCIATION | 1941 | $50.0M | 20 | - |
| Tires Plus | 1972 | $248.3M | 6,500 | - |
| Valvoline | 1866 | $1.6B | 6,100 | 1,512 |
| Midas | 1956 | $183.6M | 545 | 1,324 |
| Pep Boys | 1921 | $2.1B | 16,394 | - |
| SpeeDee Oil Change | 1980 | $11.0M | 50 | 94 |
| Firestone Holdings LLC | 2006 | $7.1B | 24,100 | 2 |
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Jiffy Lube may also be known as or be related to Jiffy Lube, Jiffy Lube International Inc and Jiffy Lube International, Inc.