The company ranked first among oil change and
preventive automotive maintenance brands and 27th overall
LEXINGTON, Ky., Jan. 23,
2024 /PRNewswire/ -- Valvoline Inc. (NYSE: VVV), the
quick, easy, trusted leader in preventive automotive maintenance,
has been recognized as a top franchisor in Entrepreneur's 45th
annual Franchise 500®. Valvoline ranked first among all
oil change and preventive automotive maintenance brands and 27th
overall among the top 500 franchise brands.
"We are proud to be one of the top franchisors in North America," said Valvoline President and
CEO Lori Flees. "Our franchise
partners have been, and continue to be, a critical part of our
incredible growth track record and we continue to recruit new
partners to our network."
Today, more than half of Valvoline's oil change and preventive
automotive maintenance retail store locations are
franchise-operated service centers. The company is accelerating
growth of its retail footprint, with a target to add 250 new store
openings annually by 2027 with 150 of those coming from
franchisees.
"There is significant opportunity within the auto care
industry," said Adam Worsham,
Valvoline's Chief Franchising Officer. "Being a Valvoline Instant
Oil Change franchisee is a tremendous business opportunity for
entrepreneurs and expanding our footprint allows us to bring our
quick, easy, trusted service to more customers in the United States."
The Entrepreneur Franchise 500® ranks companies with
a minimum of 10 franchise units that are looking to expand in
the United States and Canada. The recognition is based on key
evaluation pillars: cost and fees, size and growth, support and
brand strength.
About Valvoline Inc.
Valvoline Inc. (NYSE: VVV), is
the quick, easy, trusted leader in automotive preventive
maintenance. Valvoline Inc. is creating shareholder value by
driving the full potential in our core business, accelerating
network growth and innovating to meet the needs of customers and
the evolving car parc. With more than 1,850 service centers
throughout North America,
Valvoline Inc. and our franchise partners keep customers moving
with our 4.6 out of 5 star* rated service that includes 15-minute
stay-in-your-car oil changes; battery, bulb and wiper replacements;
tire rotations; and other manufacturer recommended maintenance
services. In fiscal year 2023, Valvoline's network delivered
approximately 27 million services to generate $1.4 billion in revenue from $2.8 billion in system-wide store sales, marking
17 years of consecutive system-wide same-store sales growth. At
Valvoline Inc., it all starts with our people, including our more
than 10,000 team members and strong, long-standing franchise
partners. We are proud to be a 10-time winner of the BEST Award for
training excellence and a top-rated franchisor in our category by
Entrepreneur and Franchise Times. To learn more, or to find a
service center near you, visit vioc.com.
* Based on a survey of more than 900,000 Valvoline
Instant Oil Change℠ customers annually
TM Trademark, Valvoline Inc., or its subsidiaries,
registered in various countries
SM Service mark, Valvoline Inc., or its
subsidiaries, registered in various countries
® Registered to Entrepreneur, a third party
FOR FURTHER INFORMATION
Investor Relations
Elizabeth B. Russell
+1 (859) 357-3155
IR@valvoline.com
Media Relations
Angela
Davied
media@valvoline.com
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SOURCE Valvoline Inc.