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LAST UPDATED: March 16, 2023 FRANCHISE WEBSITE: https://greasemonkeyfranchise.com/ NUMBER OF LOCATIONS: 475+ REPORTED COST TO GET IN: $187,316- $688,452 REPORTED ROI (Item 19): $1,119,056-$2,177,118 &nbsp;Grease Monkey was founded in 1978 and is based in Denver. Just one year after opening, Grease Monkey began franchising. As part of FullSpeed Automotive, it is one of the world’s largest quick-lube organizations not owned by an oil company. Grease Monkey international used to operate under that name. But in 2017, it started operating under the name FullSpeed Automotive. FullSpeed Automotive also owns&nbsp;<a href="https://www.prnewswire.com/news-releases/fullspeed-automotive-paves-the-way-for-a-strong-2023-with-major-brand-acquisition-and-revolutionary-new-store-models-set-to-accelerate-growth-301718731.html?utm_source=1851franchise.com&utm_medium=article&utm_campaign=franchise-deep-dive-grease-monkeys-franchise-costs-fees-profit-and-data-2721791#:~:text=FullSpeed%20Automotive%C2%AE%20is%20among,Service%C2%AE%2C%20and%20Kwik%20Kar." target="_blank" rel="nofollow">SpeeDee Oil Change &amp; Auto Service and Kwik Kar.</a><h3>How Many Grease Monkey Locations Are There?</h3>There are more than 475 Grease Monkey locations all over the world. Grease Monkey operates in Mexico, China, Colombia and Saudi Arabia.<h3>What Is the Grease Monkey Business Model?</h3>There are&nbsp;<a href="https://greasemonkeyfranchise.com/franchise-support/?utm_source=1851franchise.com&utm_medium=article&utm_campaign=franchise-deep-dive-grease-monkeys-franchise-costs-fees-profit-and-data-2721791" target="_blank" rel="nofollow">three different development</a> options when opening a Grease Monkey: Greenfield, Brownfield and Conversion. Greenfield is starting from the ground up and creating a building from scratch. Brownfield is buying or leasing an existing location that has closed. Conversion is converting a building that is currently open but is under a different brand.&nbsp;&nbsp;<h3>How Much Can Grease Monkey Franchise Owners Make?</h3>Franchisees can make $123,367–$281,109 in earnings before interest, taxes, depreciation, amortization and restructuring or rent costs (EBITDAR). In&nbsp;<a href="https://www.franchimp.com/?page=pdf&amp%3Bf=108793_2022.pdf&utm_source=1851franchise.com&utm_medium=article&utm_campaign=franchise-deep-dive-grease-monkeys-franchise-costs-fees-profit-and-data-2721791" target="_blank" rel="nofollow">terms of sales,</a> franchisees can earn $1,119,056–$2,177,118.&nbsp;<h3>How Much Does It Cost to Open a Grease Monkey?</h3>The initial investment to open a Grease Monkey is $187,316–$688,452. A breakdown of the fees as listed on the Grease Monkey website is below.&nbsp;Initial Franchise Fee: $10,000–$39,900 Lease and Real Estate: $14,000–$32,000&nbsp; Leasehold Improvements: $0–$250,000 Equipment, Furniture, Tools and Installation: $69,000–$190,400 Grand Opening Costs: $10,000 Initial Inventory: $14,500–$25,000 Signs: $10,000–$30,000&nbsp; Supplies: $2,000&nbsp; Initial Training—Travel and Lodging Expenses: $1,000–$2,500&nbsp; Computer Hardware and Software: $12,500–$19,500&nbsp; Point of Sale Maintenance Fee: $2,316–$4,152&nbsp; Prepaid Expenses: $2,000–$3,000&nbsp; Additional Funds—Three Months: $40,000–$80,000&nbsp; Total Estimated Initial Investment: $187,316–$688,452&nbsp; &nbsp;<h3>Who Is the Leadership of Grease Monkey?</h3><ul><li><a href="https://www.linkedin.com/in/rob-lynch-552717104/?utm_source=1851franchise.com&utm_medium=article&utm_campaign=franchise-deep-dive-grease-monkeys-franchise-costs-fees-profit-and-data-2721791" target="_blank" rel="nofollow">CEO/Director: Rob Lynch</a></li><li><a href="https://www.linkedin.com/in/ron-stilwell-cfe-b2614715/?utm_source=1851franchise.com&utm_medium=article&utm_campaign=franchise-deep-dive-grease-monkeys-franchise-costs-fees-profit-and-data-2721791" target="_blank" rel="nofollow">President: Ron Stilwell</a></li><li><a href="https://www.linkedin.com/in/sarahhamp/?utm_source=1851franchise.com&utm_medium=article&utm_campaign=franchise-deep-dive-grease-monkeys-franchise-costs-fees-profit-and-data-2721791" target="_blank" rel="nofollow">Chief Marketing Officer: Sarah Hamp</a></li><li><a href="https://www.linkedin.com/in/clarke-mccord/?utm_source=1851franchise.com&utm_medium=article&utm_campaign=franchise-deep-dive-grease-monkeys-franchise-costs-fees-profit-and-data-2721791" target="_blank" rel="nofollow">Vice President Risk Management, Safety and Loss Prevention: Clarke McCord</a></li><li><a href="https://www.linkedin.com/in/brian-michel-6302a969/?utm_source=1851franchise.com&utm_medium=article&utm_campaign=franchise-deep-dive-grease-monkeys-franchise-costs-fees-profit-and-data-2721791" target="_blank" rel="nofollow">Vice President of Operations: Brian Michel</a></li><li><a href="https://www.linkedin.com/in/shellee-lawson-236746b9/?utm_source=1851franchise.com&utm_medium=article&utm_campaign=franchise-deep-dive-grease-monkeys-franchise-costs-fees-profit-and-data-2721791" target="_blank" rel="nofollow">Director of Franchise Relations and Compliance: Shellee Lawson</a></li></ul><h3>What Helpful Sources Can I Read to Learn More About Grease Monkey?</h3><ul><li><a href="https://www.aftermarketnews.com/fullspeed-automotive-announces-six-acquisitions-in-mississippi/?utm_source=1851franchise.com&utm_medium=article&utm_campaign=franchise-deep-dive-grease-monkeys-franchise-costs-fees-profit-and-data-2721791" target="_blank" rel="nofollow">FullSpeed Automotive Announces 6 Acquisitions in Mississippi</a></li><li><a href="https://www.franchising.com/news/20170912_fullspeed_automotivetrade__new_business_name_for_g.html?utm_source=1851franchise.com&utm_medium=article&utm_campaign=franchise-deep-dive-grease-monkeys-franchise-costs-fees-profit-and-data-2721791" target="_blank" rel="nofollow">FullSpeed Automotive™—New Business Name for Grease Monkey International, LLC</a></li><li><a href="https://www.prnewswire.com/news-releases/fullspeed-automotive-paves-the-way-for-a-strong-2023-with-major-brand-acquisition-and-revolutionary-new-store-models-set-to-accelerate-growth-301718731.html?utm_source=1851franchise.com&utm_medium=article&utm_campaign=franchise-deep-dive-grease-monkeys-franchise-costs-fees-profit-and-data-2721791#:~:text=FullSpeed%20Automotive%C2%AE%20is%20among,Service%C2%AE%2C%20and%20Kwik%20Kar." target="_blank" rel="nofollow">FullSpeed Automotive® Paves the Way for a Strong 2023 with Major Brand Acquisition and Revolutionary New Store Models Set to Accelerate Growth</a></li></ul>Disclaimer: This content is for informational purposes only. You should not construe any such information or other material as legal, tax, investment, financial or other advice. Nothing contained on this site constitutes a solicitation, recommendation, endorsement, or offer to buy or sell any franchises, securities, or other financial instruments in this or in any other jurisdiction in which such solicitation or offer would be unlawful under the franchise and/or securities laws of such jurisdiction.&nbsp;All content in this article is information of a general nature and does not address the detailed circumstances of any particular individual or entity. Nothing in the article constitutes professional and/or financial advice, nor does any information in the email constitute a comprehensive or complete statement of the matters discussed or the law relating thereto. You alone assume the sole responsibility of evaluating the merits and risks associated with the use of any information or other content in this article before making any decisions based on such information or other content.

Franchise Deep Dive: Grease Monkey's Franchise Costs, Fees, Profit and Data

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