Strickland Brothers 10 Minute Oil Change
Bottom line
- Total investment $248K – $2.1M including a $55K franchise fee, 6.0% ongoing royalty.
- Average unit revenue of $637K/year (median $656K). Estimated payback in 9.9 years.
- Rated STRONG with a risk score of 34/100. SBA loan default rate of 0.0% across 84 loans (below the industry average).
- System growing at 21900% CAGR over 3 years with 226 total units — strong expansion trajectory.
Item 1 · who you're contracting with
The Franchisor
Yale framework · single-unit ROIC
Returns Analysis
Pulls Item 7 (investment) and Item 19 (revenue) from this brand's FDD into the Yale unlevered-ROIC formula. Override any input to stress-test it against your own assumptions.
The model · Yale framework
What would one Strickland Brothers 10 Minute Oil Change unit return on the cash you put in?
Unlevered ROIC · per unit
9%
Below typical band (30–60%)
Levered LBO scenario · Yale Crease Capital framing
What would 25 Strickland Brothers 10 Minute Oil Change units return on equity?
Equity IRR · 5-yr
49.9%
7.57× MOIC
Year-1 DSCR
1.88×
EBITDA ÷ debt service
Equity required
$1.3M
on $6.4M purchase
Total debt
$5.1M
SBA $3.2M + senior + seller note
Overview
About
Franchisees operate quick-lube service centers performing engine oil changes, fluid top-ups, and basic maintenance in 10-minute service windows. Day-to-day operations include managing technician staff, customer scheduling, inventory management of oils and filters, and drive-through service bay operations with emphasis on rapid customer throughput.
Item 7 · what it costs
The Vitals
Item 19
Financial Performance
Item 20 · unit dynamics
The Growth Chart
Year-over-year franchised unit counts and net change. Source: FDD Item 20.
Item 20 · 28 states with active franchisees
The Territory Map
Derived from franchisee contact records. Shows states with at least one current operator — not where the franchisor is registered to sell new units (that data is re-extracting in a future refresh).
States derived from franchisee phone area codes (Item 20). Approximate — ported numbers may show the original state, not the franchisee's current location.
Government records
SBA Loan Data
Aggregated from SBA 7(a) loan disclosures, public data unique to FranchiseVerdict.
FranchiseVerdict rating + FDD Items 3, 5, 6, 12, 17
Risk & Legal
Rapidly scaling oil change franchise with undocumented financial performance, extreme cost variance, and unsustainable growth trajectory presents moderate-to-high risk despite no litigation or going concern issues.
Score breakdown · what drove the 34 / 100 rating
- 01MEDNo Item 19 (Financial Performance Representations) disclosed — inability to verify claimed $121k average net income
- 02MINORExtremely wide investment range ($247k-$2.1M) suggests inconsistent unit economics and unclear buildout costs
- 03MINOR42.6% YoY unit growth rate is unsustainable and historically precedes market saturation in service franchises
- 04MED6% royalty on gross revenue is aggressive when net margins average only 19% — leaves limited cushion for downturns
- 05MINORHigh franchise fee ($54.9k) relative to first-year net income expectations creates extended breakeven periods
Severity inferred from the FDD text · not a regulatory classification
FDD Items 5, 6, 12, 17 · continued from Risk & Legal
Contract & Territory Detail
Item 11
Training & Operations
Item 20
Franchisee Contacts
Phone numbers extracted directly from this brand's FDD Item 20. After purchase, you'll also receive a list of validation questions tailored to this brand.
Franchisee contacts
100 numbers
One-time purchase · CSV download · Validation questions included
FDD download
Strickland Brothers 10 Minute Oil Change · FDD (2024) PDF