Big Bankruptcy

Ran across this item this morning. Seems like EZ Lube, one of the nation’s largest independent fast lube chains with 82 facilities, has filed for bankruptcy protection. EZ Lube had seen its share of turmoil in recent years, with the founders of the chain having been reportedly forced out in a dispute with EZ Lube’s equity ownership. Plus, the chain had been the repeated target of undercover sting reports by a Los Angeles television station (the same station that has, during the years, put massive pressure on Jiffy Lube facilities in Southern California).

Following as it does on the heels of Heartland Automotive’s bankruptcy filing last spring (Heartland Automotive Services, as you may remember, is the nation’s largest Jiffy Lube franchisee), this signals more turbulence in the fast lube industry. It also signals the need for lube operators to be absolutely certain their employees are giving customers exactly what they pay for and recommending maintenance services according to owners manual recommendations.

About National Oil & Lube News

National Oil & Lube News is the fast oil change industry's oldest and largest trade publication. Started in 1986 by Steve Hurt (a former fast lube owner) and David Arrington, NOLN has grown and evolved right alongside the fast lube industry. Here at NOLN, our aim is to help fast lube operators with every facet of their business, from operations to technical issues. Our monthly magazine and this regularly updated website contain everything from technical tips, recall announcements and service guides to articles on handling customer complaints, building your brand and making your business the best it can be. With tips and advice from experts both inside and outside the industry, you're sure to learn something that can help your fast lube business grow and prosper.
This entry was posted in Uncategorized. Bookmark the permalink.

Leave a Reply

Fill in your details below or click an icon to log in: Logo

You are commenting using your account. Log Out /  Change )

Google+ photo

You are commenting using your Google+ account. Log Out /  Change )

Twitter picture

You are commenting using your Twitter account. Log Out /  Change )

Facebook photo

You are commenting using your Facebook account. Log Out /  Change )

Connecting to %s