Strickland Brothers 10 Minute Oil Change franchise
2024 filing · May 14, 2024GrowingShares sales figures
Strickland Brothers 10 Minute Oil Change at a glance
A quick oil change shop doing oil changes, routine maintenance checks and other car services. At the end of 2023 there were 226 Strickland Brothers 10 Minute Oil Change locations in the US, 67 franchised and 159 company-owned, so most are run by the company itself.
The business
- Franchisor
- SB Oil Change Franchising, LLC
- The company that sells the franchises
- Franchisor based in
- Winston-Salem, North Carolina
What you pay
- Cost to open
- $248K–$392K
- Full development option
- Franchise fee
- $54,900
- Paid once, when you sign
- Royalty
- 6%
- 6% of gross revenue, paid monthly
- Brand fund
- 2%
- 2% of gross revenue, paid monthly
- Renewal fee
- See terms
- $15,000 or 25% of the then-current franchise fee, whichever is greater
- Agreement length
- 15 years
- Territory
- Limited
- Limited protection
- Franchisor financing
- None offered
Where it is
- US locations, 2023
- 226
- Franchised and company-owned
- Franchised
- 67
- Company-owned
- 159
- Change in 1 years
- +66
- Franchised locations, 2021–2023
- States
- 16
- Most in Texas, Georgia and North Carolina
From SB Oil Change Franchising, LLC’s 2024 filing; SBA status from the SBA Franchise Directory, October 28, 2026.
Where it ranks
Strickland Brothers 10 Minute Oil Change among all franchises with the same figure.
| Figure | Strickland Brothers 10 Minute Oil Change | Among all franchises |
|---|---|---|
| Cost to open, midpointHalfway between the low and high estimate | $319,900 | Costs less than 54% of franchises |
| Franchise feePaid once, when you sign | $54,900 | Higher than 82% of franchises |
| RoyaltyShare of sales paid to the franchisor | 6% | Higher than 35% of brands with a set rate |
| US locationsFranchised and company-owned | 226 | More than 87% of franchises |
How much a Strickland Brothers 10 Minute Oil Change franchise costs
Opening full development option costs an estimated $247,900 to $391,900. That covers the franchise fee and everything else needed to open, through the first months of working capital.
Source: SB Oil Change Franchising, LLC, 2024 filing, page 22
Strickland Brothers 10 Minute Oil Change franchise fee
The franchise fee is $54,900. You pay it when you sign the franchise agreement.
Source: SB Oil Change Franchising, LLC, 2024 filing, page 16
Royalty and ongoing fees
| Royalty | 6% of gross revenue, paid monthly. |
|---|---|
| Brand or marketing fund | 2% of gross revenue, paid monthly. |
| Computer and POS System | $10,000 |
| Transfer Fee | $20,000 |
| Renewal Fee | $15,000 or 25% of the then-current franchise fee, whichever is greater |
| Local Marketing Requirement | 2.5% of Gross Revenues |
The typical franchise royalty is 6% of sales, plus 2% for marketing. See franchise fees and royalties to compare.
Source: SB Oil Change Franchising, LLC, 2024 filing, page 17
Other fees as filed, from pages 17–21. The filing lists every fee, including late fees and audit costs.
Sales and earnings
Shares figures Strickland Brothers 10 Minute Oil Change publishes sales or earnings figures for its locations. The full tables, with notes on which locations are counted, are in its filing.
Source: SB Oil Change Franchising, LLC, 2024 filing, page 59
SBA loans to Strickland Brothers 10 Minute Oil Change franchisees
Lenders approved 36 SBA 7(a) loans for Strickland Brothers 10 Minute Oil Change franchisees from 2020 to 2026, $22.7M in all. All 26 that have ended were paid in full; none was charged off. The other 10 haven’t ended yet.
A charged-off loan is one written off as uncollectible. See SBA franchise loans for how 7(a) and 504 loans work.
Source: SBA 7(a) and 504 loan data, as of September 30, 2026
How Strickland Brothers 10 Minute Oil Change compares
Of the 12 oil change franchises on this site, Strickland Brothers 10 Minute Oil Change is the 7th cheapest to open and the 5th largest by number of locations.
| Figure | Strickland Brothers 10 Minute Oil Change | Typical oil change brand | Typical franchise |
|---|---|---|---|
| Cost to open, low end | $248K | $242K | $222K |
| Cost to open, high end | $392K | $648K | $477K |
| Franchise fee | $55K | $40K | $40K |
| Royalty | 6% | 6% | 6% |
| Brand fund | 2% | 1% | 2% |
| US locations | 226 | 57 | 21 |
| Closed or left per year | 14.3% | 9% | – |
| Change in franchised locations, 1 yrs | +6600% | +4.9% | – |
| Shares earnings figures | Yes | 10 of 12 | 2,147 of 3,352 |
Typical is the median across the 12 brands in oil change franchises; typical franchise, across every brand here.
Locations opened and closed
| Year | Franchised | Company-owned | Opened | Closed |
|---|---|---|---|---|
| 2020 | 1 (+1) | – | – | – |
| 2021 | 21 (+20) | 58 | – | – |
| 2022 | 47 (+26) | 85 | +29 | −3 |
| 2023 | 67 (+20) | 159 | – | – |
Closed or left counts terminations, non-renewals, locations bought back by the franchisor and locations that stopped operating.
See which brands grew most in the fastest-growing franchises rankings.
More in the guides: auto repair franchise costs and franchise failure rates.
Over 4 years, from the start of 2020 to the end of 2023, franchised locations went from 0 to 67 (+67). The earlier years come from the brand's 2023 filing.
Source: SB Oil Change Franchising, LLC, 2024 filing, page 66
2020: SB Oil Change Franchising, LLC, 2023 filing, page 66
Where Strickland Brothers 10 Minute Oil Change locations are
At the end of 2023, Strickland Brothers 10 Minute Oil Change had franchised locations in 16 states. The most are in Texas, Georgia and North Carolina.
- Texas11
- Georgia9
- North Carolina7
- Florida6
- Kansas6
- Illinois5
| State | Franchised |
|---|---|
| Texas | 11 |
| Georgia | 9 |
| North Carolina | 7 |
| Florida | 6 |
| Kansas | 6 |
| Illinois | 5 |
| Oklahoma | 4 |
| Colorado | 3 |
| Louisiana | 3 |
| Missouri | 3 |
Source: SB Oil Change Franchising, LLC, 2024 filing, page 66
Who owns Strickland Brothers 10 Minute Oil Change?
Strickland Brothers 10 Minute Oil Change franchises are sold by SB Oil Change Franchising, LLC. Its filing names no parent company.
From SB Oil Change Franchising, LLC’s 2024 filing, page 9.
Lawsuits and bankruptcy
| Lawsuits and regulatory actions | None. The filing says no litigation has to be disclosed. |
|---|---|
| Bankruptcy | None. The filing says no bankruptcy has to be disclosed. |
Franchisors must disclose lawsuits and bankruptcies involving the company, its parents and affiliates, and its executives. Many cases are routine disputes with franchisees over fees or contracts; read the descriptions in the filing and ask current owners about anything that worries you.
Source: SB Oil Change Franchising, LLC, 2024 filing, litigation on page 16, bankruptcy on page 16
Strickland Brothers 10 Minute Oil Change filings
A franchisor files a new disclosure each year it sells franchises. The figures on this page come from SB Oil Change Franchising, LLC’s 2024 filing, issued May 14, 2024; the earlier ones below are on record with the Minnesota Department of Commerce and the NASAA Electronic Filing Depository and fill in older location counts.
| Filing | Issued | Registry | On this page |
|---|---|---|---|
| 2024 filing | May 14, 2024 | Minnesota | Costs, fees and locations, 2021–2023 |
| 2023 filing | May 15, 2023 | NASAA depository | Locations, 2020 |
Each link opens the filing as a PDF. See the newest filings across all brands.
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