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Investment?
If you wish to purchase a Jiffy
Lube property for investment, please email info@nnndeals.com; We have access to an extensive
inventory of triple net Jiffy Lube properties for sale in Washington DC, Maryland, Virginia and the entire United
States.
Jiffy Lube
About Jiffy Lube:
Jiffy Lube is a chain
of over 2,000 businesses in North America offering oil changes and other automotive services. The company is based
in Houston, Texas, and is a subsidiary of Shell Oil.[1]
Jiffy Lube was founded in the early 1970s, when Ed Washburn
opened the first service center in Ogden, Utah. He began franchising shops throughout Utah until
1979,[2 ] when he was bought
out by Jim
Hindman, a millionaire nursing home
developer. At the time Hindman purchased Jiffy Lube, he was working for free as the football coach
at Western Maryland College. Reportedly, one of his players had
challenged him to earn another million dollars.[3 ]
Jiffy Lube grew rapidly throughout the 1980s, from ten shops to
about 1,000, and was acquired by Pennzoil in the
early 1990s. In 1998, Pennzoil merged with Quaker State, whose Q-Lube oil service centers were
then rebranded as Jiffy Lubes. Pennzoil-Quaker State was ultimately purchased by Shell Oil in
2002.
Jiffy Lube Properties For Sale Across the United
States :
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