Hoffman is pleased his former employees stay with the Jiffy Lube outlets. Hoffman said customers will not notice much of a change in service. “So, we are now landlords,” Hoffman said.Īll 145 employees will keep their jobs and benefits. The new owners will lease the buildings from Hoffman. Seven of the nine franchises are in buildings owned by Hoffman. The new owner purchased all of the assets of the Hoffman Car Wash Jiffy Lube outlets and plans to continue operating all of them. The newly purchased Jiffy Lube franchises “fit our network,” said Don Hill, president of Premium Velocity. When Hoffman opens a new car wash in Oneonta, they will be joined by a Premium Velocity Jiffy Lube franchise. Plans for 2022 include outlets in Rome, Gloversville, Cohoes, and Queensbury. Hoffman recently opened a 23rd car wash in Yorkville, a suburb of Utica.
Meanwhile, other companies were aggressively expanding their Jiffy Lube portfolios. His last new Jiffy Lube franchise opened in 2004.
The car wash chain decided to get out of the Jiffy Lube business and concentrate on expanding the car wash side of thingss, according to owner Tom Hoffman Jr. This is the first venture into New York state for the purchaser, which operates 55 Jiffy Lube franchises in 10 other states. Premium Velocity Auto LLC has purchased nine Jiffy Lube franchises that were part of the the Hoffman Car Wash chain. Tom Hoffman plans more expansion of his car wash operation. The Hoffman chain of car washes has sold its Jiffy Lube stores to Premium Velocity Auto LLC based in Pennsylvania.
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