Frequently Asked Questions
Read Valvoline’s latest article in NOLN and learn steps to successfully sell your quick lube business.
Selling my business to Valvoline
If you’re considering selling your shop, Valvoline is here to help. Our experts can help you with both valuation and succession planning. We have helped 600 stores transition their operations and staff with confidence, carrying on the legacy and care you have worked hard to establish.
What's my business worth?
To maximize value focus on increasing EBITDA and providing clear financial, customer, and performance history to support that value.
What is EBITDA?
EBITDA – stands for earnings before interest, taxes, depreciation, and amortization. In a nutshell, EBITDA is your business’ cash flow.
What Changes EBITDA?
You can increase EBITDA by increasing overall sales, by increasing car count, increasing average ticket, and reducing expenses.
Can I keep my property and still sell my business?
There are many instances where Valvoline can purchase the business and lease land from the owner. Talk to one of our experts today for specifics.
How long does it take to sell a business?
In a nutshell, every business, every situation and owner is different. Valvoline takes the time on mutual goals before committing to a time frame.
What is a succession plan?
Having a succession plan means that you, your team and your finances are prepared for the future. It’s basically thinking through your next steps.
When is the best time to sell your business?
The best time to sell your business is dependent upon your financial and retirement plans, and ultimately your long-term goals. There’s no time like the present to discuss it!
What happens to my Employees if I sell my business?
As you do, Valvoline is looking for the very best employee teams to operate and manage the business. Your current employees, in many cases, will have the opportunity to interview for positions after the purchase.
Can I talk to someone about selling my business and keep it confidential?
Confidentiality is important to you and Valvoline. When Valvoline speaks to an owner about the potential acquisition of their business, communications are subject to a Non-Disclosure Agreement (NDA).
Growing my business with Valvoline
If you’re looking for the extra support of a well-known brand, Valvoline is here to help. Our experts can help you with branding and revenue growth. When you are part of the Valvoline family, we share common goals for your store’s success.
How can you help me improve my business?
Valvoline offers a full range of marketing and branding support through the Express Care program. From upgraded products to best practices in efficiency to customer acquisition and retention, Express Care is proven to grow profit.
What Changes EBITDA?
You can increase EBITDA by increasing sales, increasing car count, and increasing your average ticket. Express Care helps you do all three, which puts more cash in your pocket.
How can I make sure I’m investing marketing dollars in the right place?
Valvoline Express Care’s marketing program focuses on efforts that drive oil changes per day through proven customer retention and acquisition strategies.
Who can help me analyze my business and identify opportunities for making more money?
Valvoline Express Care locations are assigned a dedicated Express Care Advisor with years of experience in operating quick lubes that can help analyze your business and identify growth opportunities.
Who can help me train my staff to be more professional?
Valvoline Express Care Advisors use hands-on training to help drive consistency with the processes that you decide to promote.