Here are the top six vehicle maintenance franchises of 2020.
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The entrepreneur's Franchise 500 ranking includes companies of all shapes, sizes, and industries. If you're looking for a franchise that you can invest in for less than $ 5,000 or more than $ 5 million, there is likely a company that will work for you. Whether you want to work in technology or have something more lively in mind – it's all there.
One of the strongest industries in the 2020 version of our 41-year list is automotive franchises made up of 31 of our top 500. Six even made the top 100, and we've detailed them below.
Related: 5 Affordable Franchises You Can Start For Less Than $ 10,000
Entrepreneur Franchise 500 List Rank: 31 Started Franchising: 1991 Total Units: 4,804 Initial Franchise Fee: $ 172,000 to $ 375,000
Snap-on Tools began in 1920 when Joseph Johnson began making snap-on sockets for five interchangeable wrench handles. Fast forward 100 years and Snap-on Tools offers a wider variety of products, tools, and services, including their “mobile stores” – trucks of products that go straight to car dealerships, mechanics, airports, and more.
Entrepreneur Franchise 500 List Rank: 32 Started Franchising: 1993 Total Units: 1,814 Initial Franchise Fee: $ 93,000 to $ 273,000
Barely missed being our best automotive franchise, Matco Tools took just one spot behind Snap-on Tools in our overall 500 franchise. The production and sales company was founded in 1979 and now services automotive equipment, tools and tool boxes.
Valvoline Instant Oil Change
Entrepreneur Franchise 500 List Rank: 57 Started Franchising: 1988 Total Units: 1,252 First Franchise Fee: $ 175,000-2.5 million
A division of The Valvoline Co., Valvoline Instant Oil Change (VIOC), was founded in 1986 and began franchising in 1988. VIOC serves more than 9 million customers per year and has franchise opportunities in Hawaii and Alaska, according to the company's website.
Related: 24 Top-Rated, Affordable Franchises You Can Buy for $ 25,000 or less
Jiffy Lube Int'l. Inc.
Entrepreneur Franchise 500 List Rank: 70 Started Franchising: 1979 Total Units: 2,094 Initial Franchise Fee: 207,000 to 500,000 USD
Jiffy Lube was originally founded in the 1970s when the demise of full-service gas stations left customers without their usual source for an oil change. The company was eventually acquired by Pennzoil-Quaker State Co. in the 1990s and by Shell Oil Company in 2002.
Cornwell quality tools
Entrepreneur Franchise 500 List Rank: 81 Started Franchising: 1997 Total Units: 698 Initial Franchise Fee: $ 60,000-273,000
Cornwell Quality Tools may not have started franchising until 1997, but was founded more than 100 years ago in 1919. According to the Cornwell Tools website, “It all started in 1919. Eugene Cornwell, a skilled blacksmith, opened a shop in an old tannery on the Cuyahoga River in Cuyahoga Falls, Ohio, where he began hammering tools on his anvil. “In the past few years, Cornwell has opened a 107,000 square foot warehouse at its Wadsworth, Ohio base and sponsored John Force® Racing with the NHRA.
Related: Top 20 Franchises of 2020 from the Entrepreneur Franchise 500
Big O Tires LLC
Entrepreneur Franchise 500 List Rank: 91Started Franchising: 1982Total Units: 463Initial Franchise Fee: $ 311,000-1.1 million Big O Tires LLC was founded in 1962 and began franchising 20 years later. It's pretty much what you'd expect: each unit sells and services tires and other automotive products. We are currently seeking franchisees in 30 states.