Oil Butler
Date of Incorporation: January 1991
Franchising Since: 1991
Address: New Jersey
Description: The franchise provides services to the customer's place of business or at his/her home, selling vehicular oil changes along with other related goods and services, all trading under the name Oil Butler.
Franchise Offer: Oil Butler International Inc. offers a single or multiple territorial franchises, with a unique system for the promotion and sale of oil changes and related products and services to the public, utilizing a van or trailer equipped with the necessary material.
Financial Assistance: The franchisor does not offer financing arrangements to the franchisee either directly or indirectly.
Training and Assistance: Initial training is mandatory, and training takes place at the corporate office in Union, New Jersey. It lasts for 3 days, with approximately 50% of the training in the field and the remaining 50% in the classroom.
Territory: The franchisee is granted an Exclusive Territory, with a population between 50,000-70,000 with at least one 6500 Series Trailer per territory. Within this designated specific area, the franchisor will not establish any other franchised Oil Butler businesses.
Term of Agreement and Renewal: The term of the franchise is 10 years. If the franchisee is in good standing they may renew for additional periods of 5 years. They must pay a retraining fee of 10% of the then existing franchise fee.
Obligations and Restrictions: The Franchisee or the designee must participate personally and fully in the direct operation of the franchised business. The franchisor does not stipulate the time that must be spent in the business or the duties that must be performed.
Total Number of Units: 72 franchised units at the end of the year 2006.
Investment Table:
Initial Investment:
| Name of Fee | Low | High |
|---|---|---|
| Initial Fee | $15,000 | $15,000 |
| Working Capital | $3,000 | $5,000 |
| Trailer | $8,000 | $17,700 |
| Additional Funds (3 months) | $2,000 | $3,000 |
| Totals | $28,000 | $40,700 |
Ongoing Fees:
| Name of Fee | Amount |
|---|---|
| Royalty (Continuing Service Fee) | First six months of operation: $50; $65. Months 7-12; $85. Years two through four; $100.years five through ten. |
| Advertising | 2% of Gross Sales |
| Interest | The highest legal rate, not to exceed 1½ % per month. |
| Insurance | Varied $1,000,000 per occurrence |
| Transfer | 10% of existing franchise fee |
| Renewal | 10% of existing franchise fee |
| Audit | Cost of audit includes charges of independent accountant as cost of audit |
The above information has been taken from the UFOC/FDD of Oil Butler International Inc.
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