The 1000th franchise location is
operated by Quality Automotive Services, LLC
LEXINGTON, Ky., Feb. 8, 2024
/PRNewswire/ -- Valvoline Inc. (NYSE: VVV), the quick, easy,
trusted leader in preventive automotive maintenance, announces the
opening of its 1000th franchise-operated location under
its Valvoline Instant Oil Change and Great Canadian Oil Change
brands. The new 1000th franchise store is a Valvoline
Instant Oil Change location operated by Quality Automotive
Services, LLC (QAS), one of Valvoline's largest franchise
partners.
"I am proud to celebrate this important milestone with our
franchise partners and with the entire Valvoline team," said
Valvoline President and CEO Lori
Flees. "The strength of our franchise network has been and
continues to be a key ingredient to our accelerated growth. We have
the best franchise partners in our industry, including our more
than 20 years of partnership with QAS."
The 1000th location is a new, three-bay service
center located in Raleigh, North
Carolina, and marks 166
Valvoline Instant Oil Change locations operated by QAS, which has
service centers spanning 13 states. Information about the new
location's services, wait times, and hours of operation can be
found at vioc.com.
"When we opened our first Valvoline Instant Oil Change location
in 2001, we knew it was the beginning of a strong partnership with
Valvoline," said QAS CEO Matt
McKeown. "We're excited to be a part of this milestone with
the company and look forward to many more years of bringing quick,
easy, and trusted automotive preventive services to even more
communities."
Valvoline Instant Oil Change recently ranked #1 in automotive
preventive maintenance service providers on Entrepreneur's
Franchise 500® 2024 list. The addition of the
1000th franchise location brings the total number of
system-wide stores to nearly 1,900 retail locations. With 38 new
stores added within the first quarter of Valvoline's 2024 fiscal
year, the company is making progress towards its goal of opening
more than 3,500 locations.
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 nearly 1,900 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
™ Trademark, Valvoline Inc., or its subsidiaries,
registered in various countries
SM Service mark, Valvoline Inc., or its
subsidiaries, registered in various countries
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.