{"id":34923,"date":"2022-01-17T18:33:26","date_gmt":"2022-01-17T23:33:26","guid":{"rendered":"https:\/\/www.glensfalls.com\/glensfallsbusinessjournal\/?p=34923"},"modified":"2022-01-17T18:33:26","modified_gmt":"2022-01-17T23:33:26","slug":"hoffman-car-wash-sells-its-jiffy-lube-stores-will-continue-to-expand-rest-of-operations","status":"publish","type":"post","link":"https:\/\/www.glensfalls.com\/glensfallsbusinessjournal\/2022\/01\/hoffman-car-wash-sells-its-jiffy-lube-stores-will-continue-to-expand-rest-of-operations\/","title":{"rendered":"Hoffman Car Wash Sells Its Jiffy Lube Stores, Will Continue To Expand Rest Of Operations"},"content":{"rendered":"
\"\"
The Hoffman chain of car washes has sold its Jiffy Lube stores to Premium Velocity Auto LLC based in Pennsylvania. Tom Hoffman plans more expansion of his car wash operation.<\/figcaption><\/figure>\n

by Jill Nagy<\/p>\n

Premium Velocity Auto LLC has purchased nine Jiffy Lube franchises that were part of the\u00a0 <\/span>the Hoffman Car Wash chain. The sale closed Dec. 15.\u00a0<\/span><\/p>\n

This is the first venture into New York state for the purchaser, which operates 55 Jiffy Lube franchises in 10 other states.<\/p>\n

The car wash chain decided to get out of the Jiffy Lube\u00a0 <\/span>business and concentrate on expanding the car wash side of thingss, according to owner Tom Hoffman Jr. His last new Jiffy Lube franchise opened in 2004. Meanwhile, other companies were aggressively expanding their Jiffy Lube portfolios.<\/p>\n

Hoffman recently opened a 23rd car wash in Yorkville, a suburb of Utica. Plans for 2022 include outlets in Rome, Gloversville, Cohoes, and Queensbury. When Hoffman opens a new car wash in Oneonta, they will be joined by a Premium Velocity Jiffy Lube franchise.<\/p>\n

The newly purchased Jiffy Lube franchises \u201cfit our network,\u201d said Don Hill, president of Premium Velocity. The new owner purchased all of the assets of the Hoffman Car Wash Jiffy Lube outlets and plans to continue operating all of them. Seven of the nine franchises are in buildings\u00a0 <\/span>owned by Hoffman. The new owners will lease the buildings from Hoffman.\u00a0<\/span><\/p>\n

\u201cSo, we are now landlords,\u201d\u00a0 <\/span>Hoffman said.\u00a0<\/span><\/p>\n

All 145 employees will keep their jobs and benefits.\u00a0<\/span><\/p>\n

<\/span><\/span>Hoffman said customers will not notice much of a change in service.<\/p>\n

Hoffman is pleased his former employees stay with the Jiffy Lube outlets. He termed it the \u201csilver lining\u201d of the ownership change. They will be working for a larger company, actively expanding, including in New York state. Hill also pointed to added opportunities for the employees as his company expands its holdings.<\/p>\n

Both Hoffman and Hill reported that, like nearly everyone else, they are having trouble finding qualified employees. He said the company had to raise pay rates to keep their outlets adequately staffed.<\/p>\n

Hill has headed Premium Velocity Auto since April 1. Before that, he was a national accounts manager for Shell Oil Co., which owns Jiffy Lube.<\/p>\n

Neither party was willing to disclose the terms of the sale.<\/p>\n","protected":false},"excerpt":{"rendered":"

by Jill Nagy Premium Velocity Auto LLC has purchased nine Jiffy Lube franchises that were part of the\u00a0 the Hoffman Car Wash chain. The sale closed Dec. 15.\u00a0 This is the first venture into New York state for the purchaser, which operates 55 Jiffy Lube franchises in 10 other states. The car wash chain decided […]<\/p>\n","protected":false},"author":89,"featured_media":34924,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[7],"tags":[],"yoast_head":"\r\nHoffman Car Wash Sells Its Jiffy Lube Stores, Will Continue To Expand Rest Of Operations - Glens Falls Business Journal<\/title>\r\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\r\n<link rel=\"canonical\" href=\"https:\/\/www.glensfalls.com\/glensfallsbusinessjournal\/2022\/01\/hoffman-car-wash-sells-its-jiffy-lube-stores-will-continue-to-expand-rest-of-operations\/\" \/>\r\n<meta property=\"og:locale\" content=\"en_US\" \/>\r\n<meta property=\"og:type\" content=\"article\" \/>\r\n<meta property=\"og:title\" content=\"Hoffman Car Wash Sells Its Jiffy Lube Stores, Will Continue To Expand Rest Of Operations - Glens Falls Business Journal\" \/>\r\n<meta property=\"og:description\" content=\"by Jill Nagy Premium Velocity Auto LLC has purchased nine Jiffy Lube franchises that were part of the\u00a0 the Hoffman Car Wash chain. 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