EZ Lube Reorganization

The court overseeing EZ Lube’s bankruptcy reorganization has scheduled a hearing for Oct. 30 to confirm the company’s reorganization plan. You can purchase the complete bankruptcy reorganization plan (for $8), but to very quickly sum it up, the “new” EZ Lube will be governed by a five-person board of managers, made up of people appointed by various creditors and the court. The board will oversee most major decisions made by EZ Lube management.

At the time of the filing, EZ Lube operated 78 facilities in Southern California and four in Arizona. As of the reorganization filing, the company operated 75 facilities in all. The company hopes to return to profitability in 2010 by bumping car counts slightly and increasing ticket averages by nearly $4 per car in 2010 and a further $3+ per car in 2011. This will be accomplished by adding services like A/C recharging, smog inspections and brake fluid flushing.

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.
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One Response to EZ Lube Reorganization

  1. Anonymous says:

    Extraordinary posting! I am just starting out in SMO and trying to understand how to best take advantage of social networking for my small business. Keep up the good work!

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