Victory Lane Center FDD – Franchise Information, Costs and Fees
Type of Business
VICTORY LANE® Centers are businesses which offer oil change, vehicle maintenance, and related products and services. The franchisor offers franchises for single VICTORY LANE® Center Businesses and multiple VICTORY LANE® Center Businesses under an area development agreement for the right to open multiple VICTORY LANE® Center Businesses. They also offer conversion opportunities to existing independent businesses that provide services and products similar to those offered by VICTORY LANE® Center Businesses.
Corporate Information
Victory Lane Quick Oil Change, Inc. is a Michigan corporation formed on September 23, 1980, and their principal business address is 45550 Helm St., Plymouth, Michigan 48170. Their name was originally “Pit Stop Quick Oil Change, Inc.,” but they changed to their current name in July 1986. They began offering franchises for VICTORY LANE® Centers in August 1986.
Investment
The total investment necessary to begin operation of a single VICTORY LANE® Center franchised business is between $235,000 and $694,500. This includes between $72,100 and $153,500 that must be paid to the franchisor or its affiliate(s). The total investment necessary to begin operation of a single VICTORY LANE® Center conversion business is between $156,500 and $345,000. This includes between $27,600 and $54,000 that must be paid to the franchisor or its affiliate(s). The total investment necessary to begin operation of two VICTORY LANE® Center franchised businesses under the Area Development Program is between $460,500 and $1,379,500. This includes between $134,700 and $297,500 that must be paid to the franchisor or its affiliates. The total investment necessary to begin operation of three VICTORY LANE® Center franchised businesses under the Area Development Program is between $686,000 and $2,064,500. This includes between $197,300 and $441,500 that must be paid to the franchisor or its affiliates. The total investment necessary to begin operation of four VICTORY LANE® Center franchised businesses under the Area Development Program is between $911,500 and $2,749,500. This includes between $259,900 and $585,500 that must be paid to the franchisor or its affiliates. The total investment necessary to begin operation of five VICTORY LANE® Center franchised businesses under the Area Development Program is between $1,137,000 and $3,434,500. This includes between $322,500 and $729,500 that must be paid to the franchisor or its affiliates.
