Strickland Brothers 10 Minute Oil ChangeFranchise Cost, Revenue & Review 2026
Data from FDD filing + SBA 7(a) records
FranchiseVerdict summary · 2026
A Strickland Brothers 10 Minute Oil Change franchise requires a total initial investment of $248K – $2.1M, including a $55K franchise fee and an ongoing 6.0% royalty[2]. Per the 2024 FDD, average unit revenue was $637K[2]. Verdict grade: A. Run a live ROI scan →
Data last verified June 21, 2026 · figures per the 2024 FDD issuance
Overview
- Investment
- $248K – $2.1M
- 28th pct Automotive
- Avg gross sales
- $637K
- 6th pct Automotive
- Royalty
- 6.0%
- 8th pct Automotive
- Units
- 226
- 31st pct Automotive
- SBA default
- N/A
Quick verdict · Automotive · color = vs category peers
Green = >15% above Automotive avg · No shading = within ±15% · Red = >15% below avg · Source: FDD filings + SBA 7(a)
Data from public FDD filings and SBA records. Not financial advice. Methodology
At 0.5x revenue per dollar invested, this system underperforms the typical 1.5-2.5x range.
The system grew 43% year-over-year. Fast growth means demand, but can strain support.
Bottom line
- Total investment $248K – $2.1M including a $55K franchise fee, 6.0% ongoing royalty.
- Average unit revenue of $637K/year (median $656K), with an estimated 10% cash-on-cash return (based on P&L Bottom Line).
- Verdict A (Top Quintile) with a risk score of 26/100.
- System growing at 219.0% CAGR over 3 years with 226 total units. Strong expansion trajectory.
Item 1 · who you're contracting with
The Franchisor
- Legal entity
- SB Oil Change Franchising, LLC
- Parent company
- SB PEP Holdco, LLC
- Ultimate parent
- Princeton Equity Group
- Predecessor
- businesses
- Prior franchisor entity
- Incorporated in
- NC
- HQ
- 301 North Main Street, Suite 2030, Winston-Salem, North Carolina 27101
- Auditor
- Reese CPA LLC
- Audited financials
- Franchisor revenue
- $5.0M
- vs $8.5M prior year
Independent franchisee associations
- Franchise Advisory Council (FAC)
Franchisee-led councils or alliances disclosed in Item 20. Indicates operator voice.
Affiliated brands
- Five Star Connect
- Mosquito Shield Franchise
- Bath Solutions Franchising
- Gotcha Covered Franchising
- CMY Franchising
- Five Star Bath
Other brands the franchisor or its parent operates (Item 1).
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.
- CEO
- Justin Strickland
- Headquarters
- NC
- Founded
- 2019
- FDD year
- 2024
- States available
- 16
FDD Item 7 · 2024 filing · 20 line items
Initial investment breakdown
| Line item | Low | High | |
|---|---|---|---|
| Initial Franchise Feenot refundable | $55K | $55K | |
| Travel and Living Expenses While Trainingnot refundable | $3K | $10K | |
| Real Estate Deposits (3 months)not refundable | $10K | $45K | |
| Licenses, Permits & Legal Feesnot refundable | $1K | $4K | |
| Equipment, Tool Packagenot refundable | $35K | $65K | |
| Equipment Installationnot refundable | $25K | $50K | |
| Furniture and Decornot refundable | $3K | $9K | |
| Computer and POS Systemnot refundable | $10K | $15K | |
| Grand Opening Advertisingnot refundable | $20K | $20K | |
| Inventory and Suppliesnot refundable | $20K | $25K | |
| Insurancenot refundable | $2K | $5K | |
| Signagenot refundable | $15K | $40K | |
| Additional Funds (3 months)not refundable | $50K | $50K | |
| Area Development Fee (3-4 locations)not refundable | $115K | $140K | |
| Initial Investment For Business minus franchise fee for first location | $193K | $337K | |
| Building Construction (Ground Lease Option)not refundable | $450K | $900K | |
| Site Work (Ground Lease Option)not refundable | $150K | $500K | |
| General Construction Fees (Ground Lease Option)not refundable | $70K | $300K | |
| Construction Manager(s) (Ground Lease Option)not refundable | $0 | $50K | |
| Due Diligence Items (Ground Lease Option)not refundable | $30K | $50K | |
| Total initial investment | $1.3M | $2.7M |
Line items extracted from FDD Item 7. Ranges reflect the franchisor's stated low and high per line. Total is the sum of line-item lows / highs — actual costs may fall outside this range depending on market and build-out scope.
Single-unit · estimated
Returns at a glance
Indicative numbers using FDD Item 7 / Item 19 inputs and category-benchmarked cost ratios. Full single-unit, 25-unit portfolio, and LBO models (with every input editable to stress-test your own scenario) live on the financials page.
Store EBITDA · annual
$108K
17.0% margin
Unlevered ROIC
9%
EBITDA / total invested capital
Payback
11.5 yrs
cash-on-cash, unlevered
Item 7 · what it costs to open + operate
The Vitals
- Total investment
- $248K – $2.1M
- Better than avg vs category
- Liquid capital req'd
- $50K – $50K
- Better than avg vs category
- Franchise fee
- $55K – $55K
- Better than avg vs category
- Royalty
- 6.0%
- percentage_of_gross · typical 6–8%
- Ad fund
- 2.0%
- typical 3–5%
- Total fee load
- 8.0%
- vs 9–13% typical
- Payback period
- 9.9 yrs
- From FDD / Item 19
Ongoing fees · Item 6
| Fee | Amount |
|---|---|
| Royalty | 6.0% of gross sales |
| Marketing / ad fund | 2.0% of gross sales |
| Technology fee | $395 |
| Transfer fee | $20K |
| Renewal fee | $15K |
| Inventory (initial) | $20K – $25K |
| Total fee load | 8.0% of rev |
Financial Performance
- Avg gross sales
- $637K
- Per unit, per year
- Median gross sales
- $656K
- Avg p&l bottom line
- $121K
- Reported as P&L Bottom Line in FDD Item 19
- Cash-on-cash
- 10.1%
- Based on P&L Bottom Line / investment midpoint
- Item 19 type
- Affiliate and Franchisee Representative Units
- Sample size
- 120 units
- vs category median 70
- Range (low → high)
- $172K→$1.5M
- Cohort dispersion (min → max)
- Transparency tier
- revenue_only
- Categorical assessment of disclosure depth
- Reporting year
- 2023
- Fiscal year the figures cover
- Transparency
- 10 / 5
- vs category median 4 / 5 · above
Compared against 221 Automotive brands
Revenue is only 0.5x the investment. This means each unit may take 5+ years to recoup the initial outlay at typical margins.
vs Automotive averages
How Strickland Brothers 10 Minute Oil Change Compares
Unit growth
Item 20 · unit dynamics
The Growth Chart
- Total units
- 226
- Opened
- 27
- Last reporting year
- Closed
- 1
- Turnover rate
- 0.4%
- Company-owned
- 159
- Corporate units in the system
- % franchised
- 30%
- vs corporate-owned
- Net growth (yr3)
- +42.6%
- Net unit change last year
- 3-yr CAGR
- Outlier (see FDD)
- Likely small-sample artifact
3-year detail · Item 20
- Opened (3yr)
- 20
- Closed (3yr)
- 0
- Terminated (3yr)
- 0
- Non-renewed (3yr)
- 0
- Transfers (3yr)
- 3
- Reacquired (3yr)
- 3
- Franchisor bought back
Year-over-year franchised unit counts and net change. Source: FDD Item 20.
Item 20 · 26 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 contact records (FDD Item 20). Shows states with at least one current operator on file. Full state registration data (Item 12) will appear on a future FDD refresh.
SBA loan performance
Government records
SBA Loan Data
Aggregated from SBA 7(a) and 504 loan disclosures, public data unique to FranchiseVerdict.
- Total loans
- 84
- Loan volume
- N/A
- Amount data pending
- Median loan
- N/A
- Charge-off rate
- N/A
Historical SBA 7(a) lending data, not predictive of future performance. How SBA charge-off rates are calculated
- Repayment rate (PIF)
- N/A
- 5-yr charge-off
- N/A
- Loans approved 2021+
- Active lenders
- 0
- Defaults
- 0
Explore lender portfolios on Bank Reports or regional data on State Reports.
Risk analysis
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.
Litigation (Item 3)
0 case reference(s): 0 pending, 0 settled.
Largest disclosed settlement: $54,900
Bankruptcy (Item 4)
None disclosed
Audited financials (Item 21)
Yes · Reese CPA LLC
Franchisor revenue (Item 21)
Franchisor entity revenue (not unit-level)
Supplier relationship · Items 8 & 16
- Franchisor sells you products: No
- Must buy proprietary products: No
- Restricted to system-approved products: No
Score breakdown · what drove the 26 / 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
| Initial term | 15 years |
|---|---|
| Renewal term | 15 years |
| Allowed renewalsℹ | 1 |
| Territory type | Radius or Population based |
| Protected territory | Yes |
| Territory population | 80,000 |
| Online sales rightsℹ | Restricted |
| Franchisor can compete | Yes |
| Hire a manager? | Allowed |
| Owner-operator | Optional |
| Non-compete (years)ℹ | 2 years |
| Right of first refusalℹ | Yes |
| Termination notice | 30 days |
| Termination groundsℹ | 1 |
| Curable defaultsℹ | 8 |
| Mandatory arbitration | Yes |
| Jury trial waiver | Yes |
| Governing law | North Carolina |
| Litigation count | 0 |
View Item 3 litigation summary
0 case reference(s): 0 pending, 0 settled.
Items 10, 11
Training & Operations
- Classroom training
- 52 hrs
- On-the-job training
- 40 hrs
- Training location
- On-site and corporate
- Site selection
- franchisee
- POS system
- Integrated Services Inc.
- Operating tech stack
Items 5 & 11
Franchisor Support
Technology: Integrated Services Inc.
Item 20 · call current owners
Franchisee Contacts
119 owners to call
Name · phone · city · state. Extracted from FDD Item 20
FDD download
Strickland Brothers 10 Minute Oil Change · FDD (2024) PDF
Frequently asked questions
Frequently Asked Questions
How much does it cost to open a Strickland Brothers 10 Minute Oil Change franchise?
The total investment to open a Strickland Brothers 10 Minute Oil Change franchise ranges from $248K – $2.1M, with an initial franchise fee of $55K. This includes real estate, equipment, inventory, and working capital as disclosed in their Franchise Disclosure Document (FDD).
What do Strickland Brothers 10 Minute Oil Change franchise owners earn?
According to Item 19 of the Strickland Brothers 10 Minute Oil Change FDD, the average gross sales per unit is $637K. The median is $656K. Note: this is gross revenue, not profit. Actual owner earnings vary based on location, operating costs, and management.
What is Strickland Brothers 10 Minute Oil Change's franchise failure rate?
SBA 7(a) loan charge-off data is not available for Strickland Brothers 10 Minute Oil Change (fewer than 10 loans on file). Charge-off rates are one way to gauge franchise risk, but not all franchise loans go through the SBA program. We recommend reviewing turnover and closure data in the FDD and speaking with current franchisees.
How many Strickland Brothers 10 Minute Oil Change franchise locations are there?
As of their most recent FDD filing, Strickland Brothers 10 Minute Oil Change has 226 total units in the United States, including 20 franchised units and 159 company-owned units. 27 new units were opened in the latest reporting year.
Is Strickland Brothers 10 Minute Oil Change a good franchise to buy?
FranchiseVerdict rates Strickland Brothers 10 Minute Oil Change as a A-grade franchise with a risk score of 26 out of 100, based on our analysis of investment costs, revenue data, SBA loan performance, and growth trends. Our rating is based solely on publicly available FDD and government data; we recommend speaking with current franchisees before making any investment decision. This is not investment advice.
Data sourced from public FDD filings and SBA 7(a) FOIA records. Not financial advice.
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Data extracted from public FDD filings and SBA 7(a) loan disclosures (FOIA). This information is provided for research purposes only and does not constitute financial, legal, or investment advice. Verify all figures with the franchisor's current Franchise Disclosure Document before making any investment decision.