Brauvin 18 Acquires Four Jiffy Lube Properties
Brauvin 18 acquired four quick lube service centers for a total price of $3,500,000. Three of the four properties are located in Savannah, GA and one is on Hilton Head Island, SC. The properties are leased to Team Car Care East, LLC (the “Tenant”), a sub-entity of Team Car Care, LLC, formerly known as Heartland Automotive Services, Inc. Brauvin has had a relationship with the tenant since 2007. Team Car Care is the largest Jiffy Lube operator in the country and has over 500 units.
Franchisor – Jiffy Lube International, Inc.
Headquartered in Houston, Texas, Jiffy Lube International is a wholly owned, indirect subsidiary of Shell Oil Company. Jiffy Lube service centers are 100% franchise-owned. Jiffy Lube is a leading provider of automotive preventive maintenance. With a national footprint of more than 2,000 franchisee owned service centers across the country, Jiffy Lube offers a range of services from oil changes and tire rotations, to everything in between. Jiffy Lube pioneered the fast oil change industry more than 35 years ago. Today, more than 20 million customers every year rely on Jiffy Lube to keep their vehicles running the way your vehicle manufacturer intended.