FlexShopper Expands Lease-to-Own Solutions at Jiffy Lube and Meineke Car Care Centers
FlexShopper (FPAY) has successfully expanded its lease-to-own (LTO) payment solutions to over 100 Jiffy Lube and Meineke Car Care Center locations, with plans to add 75-100 additional stores within the next 60 days. The expansion comes through a strategic partnership with PayTomorrow, scaling from just 8 stores initially. The company aims to tap into approximately 2,100 franchise locations between both brands.
The implementation supports the owner/operator model of franchisees, helping optimize sales and profitability. This expansion adds to FlexShopper's existing network of over 2,000 tire and automotive locations with other national retailers, with a near-term pipeline of over 2,000 additional tire and auto retail locations.
FlexShopper (FPAY) ha ampliato con successo le sue soluzioni di pagamento basate sul leasing (LTO) a oltre 100 Jiffy Lube e Meineke Car Care Center, con piani di aggiungere ulteriori 75-100 negozi nei prossimi 60 giorni. L'espansione avviene attraverso una partnership strategica con PayTomorrow, passando da sole 8 sedi inizialmente. L'azienda mira a coinvolgere circa 2.100 sedi in franchising tra i due marchi.
L'implementazione supporta il modello di proprietario/gestore dei franchisee, contribuendo a ottimizzare le vendite e la redditività. Questa espansione si aggiunge alla rete esistente di FlexShopper di oltre 2.000 sedi di pneumatici e automobilistica con altri rivenditori nazionali, con un pipeline nel breve termine di oltre 2.000 ulteriori sedi di vendita al dettaglio di pneumatici e auto.
FlexShopper (FPAY) ha expandido con éxito sus soluciones de pagos de arrendamiento con opción a compra (LTO) a más de 100 Jiffy Lube y Meineke Car Care Center, con planes de añadir de 75 a 100 tiendas adicionales en los próximos 60 días. La expansión se realiza a través de una asociación estratégica con PayTomorrow, creciendo de solo 8 tiendas inicialmente. La compañía tiene como objetivo aprovechar aproximadamente 2,100 ubicaciones de franquicias entre ambas marcas.
La implementación apoya el modelo de propietario/operador de los franquiciados, ayudando a optimizar las ventas y la rentabilidad. Esta expansión se suma a la red existente de FlexShopper de más de 2,000 ubicaciones de neumáticos y automóviles con otros minoristas nacionales, con un pipeline a corto plazo de más de 2,000 ubicaciones adicionales de venta al por menor de neumáticos y automóviles.
FlexShopper (FPAY)는 100개 이상의 Jiffy Lube 및 Meineke Car Care Center 위치에 임대-구매(LTO) 결제 솔루션을 성공적으로 확장하였으며, 향후 60일 이내에 75-100개의 추가 매장을 추가할 계획입니다. 이 확장은 PayTomorrow와의 전략적 파트너십을 통해 이루어진 것으로, 초기에는 단 8개의 매장에서 시작하였습니다. 이 회사는 두 브랜드 간에 약 2,100개의 프랜차이즈 위치를 활용하려고 합니다.
이번 구현은 프랜차이즈 소유자/운영자 모델을 지원하여 판매 및 수익성을 최적화하는 데 도움을 줍니다. 이 확장은 다른 국내 소매업체와 함께 FlexShopper의 기존 2,000개 이상의 타이어 및 자동차 위치 네트워크에 추가되며, 단기적으로는 2,000개 이상의 추가 타이어 및 자동차 소매 위치 파이프라인을 가지고 있습니다.
FlexShopper (FPAY) a réussi à étendre ses solutions de paiement de location-achat (LTO) à plus de 100 Jiffy Lube et Meineke Car Care Center, avec des plans pour ajouter 75 à 100 magasins supplémentaires dans les 60 prochains jours. Cette expansion se fait grâce à un partenariat stratégique avec PayTomorrow, passant de seulement 8 magasins au début. L'entreprise vise à exploiter environ 2 100 emplacements de franchises entre les deux marques.
L'implémentation soutient le modèle de propriétaire/exploitant des franchisés, aidant à optimiser les ventes et la rentabilité. Cette expansion s'ajoute au réseau existant de FlexShopper de plus de 2 000 emplacements de pneus et automobiles auprès d'autres détaillants nationaux, avec un pipeline à court terme de plus de 2 000 emplacements de vente au détail de pneus et d'automobiles supplémentaires.
FlexShopper (FPAY) hat seine Leasing-zu-Eigen-(LTO)-Zahlungslösungen erfolgreich auf über 100 Jiffy Lube und Meineke Car Care Center-Standorte ausgeweitet und plant, in den nächsten 60 Tagen 75-100 weitere Geschäfte hinzuzufügen. Diese Expansion erfolgt durch eine strategische Partnerschaft mit PayTomorrow und wächst von anfänglich nur 8 Filialen. Das Unternehmen möchte etwa 2.100 Franchiselokationen zwischen beiden Marken erschließen.
Die Implementierung unterstützt das Eigentümer/Betreiber-Modell der Franchisenehmer und trägt zur Optimierung von Umsatz und Rentabilität bei. Diese Expansion ergänzt das bestehende Netzwerk von FlexShopper mit über 2.000 Standorten für Reifen und Automobile bei anderen nationalen Einzelhändlern und bietet kurzfristig eine Pipeline von über 2.000 zusätzlichen Reifen- und Autoeinzelhandelsstandorten.
- Rapid expansion from 8 to 100+ locations in Jiffy Lube and Meineke stores
- Pipeline of 2,000+ additional tire and auto retail locations
- Plans to add 75-100 new stores in next 60 days
- Access to potential market of 2,100 franchise locations between Jiffy Lube and Meineke
- None.
Insights
FlexShopper payment options successfully implemented at over 100 Jiffy Lube and Meineke Car Care Center locations with plans to add 75-100 additional stores within the next 60 days
BOCA RATON, Fla., Dec. 30, 2024 (GLOBE NEWSWIRE) -- FlexShopper, Inc. (Nasdaq: FPAY), a leading provider of lease-to-own (LTO) payment solutions, today announced the successful expansion of its services to new franchisees of Jiffy Lube and Meineke Car Care Centers through a strategic partnership with PayTomorrow, a leading provider of financing technology solutions. This collaboration supports the owner/operator model embraced by franchisees, optimizing sales and profitability across their locations.
“The positive momentum underway at Jiffy Lube and Meineke Tire after successful implementations of our payment solutions is extremely encouraging. Both Jiffy Lube and Meineke Car Care Centers franchisees are recognizing the benefit of additional payment options, which drive higher in-store sales and improve customer outcomes,” said Russ Heiser, CEO of FlexShopper. “We feel confident that we will see these brands provide added momentum through 2025 to our robust near-term pipeline of over 2,000 tire and auto retail locations. This is in addition to our over 2,000 current tire and automotive locations with other national retailers.”
FlexShopper’s lease-to-own solutions have grown rapidly among franchisees of these two iconic brands, scaling from just 8 stores to over 100 locations in a short period. There are approximately 2,100 franchise locations between Jiffy Lube and Meineke Car Care Centers, and FlexShopper’s financing options align with the franchisee mentality of maximizing sales, while improving customer satisfaction. Historically, franchise-operated locations have outperformed corporate-owned stores, making this partnership a strategic fit for these entrepreneurial operators.
About Jiffy Lube:
Founded in 1971 and headquartered in Houston, Texas, Jiffy Lube International, Inc. is a subsidiary of Shell plc and a leader in automotive preventive maintenance. With over 2,200 service centers across North America, Jiffy Lube serves approximately 24 million customers annually, providing essential services that help drivers “Leave Worry Behind®.”
About Meineke Car Care Centers:
Established in 1972 and headquartered in Charlotte, North Carolina, Meineke Car Care Centers, Inc. operates over 966 locations worldwide. Meineke offers a comprehensive range of automotive repair and maintenance services, including oil changes, brake repair, and tire services, catering to drivers’ diverse needs.
About PayTomorrow:
PayTomorrow specializes in bringing innovative financing options to retailers and service providers, empowering consumers to access flexible payment plans tailored to their needs. By integrating advanced financing technologies, PayTomorrow enhances the customer experience while helping retailers increase sales and customer satisfaction.
About FlexShopper, Inc.:
FlexShopper, Inc. (Nasdaq: FPAY) is a financial technology company providing lease-to-own (LTO) and lending solutions to underserved consumers across the U.S. FlexShopper offers flexible payment options through its direct marketplace at FlexShopper.com and partners with retailers in both online and physical store locations.
Company Contact:
FlexShopper, Inc.
Investor Relations
ir@flexshopper.com
Investor and Media Contact
Andrew Berger
Managing Director
SM Berger & Company, Inc.
Tel (216) 464-6400
andrew@smberger.com
Source: FlexShopper, Inc.
FAQ
How many Jiffy Lube and Meineke locations currently offer FlexShopper (FPAY) payment solutions?
What is FlexShopper's (FPAY) expansion plan for Jiffy Lube and Meineke locations in the next 60 days?
How many total franchise locations are available for FlexShopper (FPAY) between Jiffy Lube and Meineke?
What is FlexShopper's (FPAY) current presence in the tire and automotive sector?
