Interesting (and troubling?) news item in today’s Washington Post. Looks like Heartland Automotive, the nation’s largest Jiffy Lube franchisee with 400+ stores ranging from Missouri/Nebraska all the way to Southern California, is declaring bankruptcy. You might remember that Heartland Jiffy Lubes were the ones slammed by KNBC in Los Angeles in 2006 for not performing services that customers paid for.
This follows on the heels of news that the Jiffy Lubes in Rochester, New York recently shut their doors. Preliminary figures from our 2008 TOPS in the Industry ranking are showing that the nation’s largest fast lube chain will actually see a net decrease in stores this year. Interesting times in the fast lube business.