Grease Monkey Franchise Program
Franchising is key in implementing Grease Monkey's growth strategy in the Kingdom of Saudi Arabia. We believe in the potential that Saudi entrepreneurs can offer. We also believe that real success is embodied in the formation of a network of local partners (individuals and/or institutions) to achieve commitment, initiative and stability.
Who can get the Grease Monkey franchise rights?
We are looking for ambitious individuals and SMEs that strive to achieve success and have a desire to learn and follow business systems that are centered on customer value and satisfaction. In addition, the following are candidate criteria:
1) Access to Capital:
The cost of establishing a Grease Monkey center ranges from SR 736,000 to SR 2.34 million. This includes equipment, operating expenses, working capital, rent and fees. The cost varies according to the size and location of the center.
2) Business Experience:
The franchise candidate must have a sense of business and general managerial experience. This will help the franchisee manage both the starting up and growth phases. Expertise in retail and services is a plus.
3) Knowing the local market:
The franchise candidate must have a strong local exposure and should be able to facilitate the process of hiring, selecting sites, and achieving sales.
Franchise Agreement Highlights
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15 years contract (renewable)
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Support in site selection, design and construction as well as access to all construction and fit-out contractors.
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Support in details of necessary equipment, devices and tools as well as access to all suppliers for supply
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Initial training for managers and technicians (training duration 10 days)
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Access to Grease Monkey online training platform.
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Support in operation, marketing and promotion.
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Support in selecting the necessary technical operational and accounting systems as well as access to all service providers and installers.
Investment Required
Financial Returns
Franchise candidates are provided with all projected financial figures and detailed financial studies according to the size and location of the centers to be operated. Sales and returns are highly dependent on discipline, interaction with clients, competence and initiative. In general, the percentage of net profits for Grease Monkey centers could reach 25%.