7/24/2023 0 Comments Jiffy lubr![]() ![]() In June 2011, Jiffy Lube introduced a new program called Oil Change Schedule (OCS). Jiffy Lube pioneered the fast oil change industry in 1971 by establishing the first drive-through service bay, providing customers with fast, professional service for their vehicles. (“Jiffy Lube”), has more than 2,000 franchised service centers in North America and serves approximately 20 million customers each year. ![]() Read Additional Thought Leadership Content From SIG, Specializing in Absolute Triple Net Lease Opportunities # RC52000211 BoR: Andrew Ackerman – IN Lic. In Cooperation With Sands Investment Group Indiana, LLC IN Lic. Located in Dense Retail Corridor With Tenants Including: Walmart Supercenter, Kohl’s, Marshalls, Lowe’s, Hobby Lobby, Olive Garden, Panda Express, ALDI, CVS Pharmacy, Big Lots and More.Property is Strategically Located Directly Off of Scatterfield Road Which Sees Over 28,216 VPD.Jiffy Lube is the Largest Instant Oil Change Brand in the US With over 2,000 Locations Nationwide.Jiffy Lube Has Been Operating on Site Since 1999.MT Enterprises Reports Sales For This Location – Giving Investors Clarity to Performance.MT Enterprises Guarantees Lease and is an Established Operator in the Region.Attractive 10% Rental Increases Every 5 Years and at Options.Tenant’s Long Term Commitment – New Extended 10 Year Lease Commencing at Closing.With MT Property Maintenance, Inc Extending Their Absolute Triple Net (NNN) Lease to a 10 Year Term, Attractive Rent Increases and Reported Sales, This Opportunity Provides For an a Long Term Stable Investment. Sands Investment Group is Pleased to Present Exclusively For Sale the 1,440 SF Jiffy Lube NNN Sale Leaseback Investment Opportunity Located at 4933 S Scatterfield Road in Anderson, Indiana. Areas of mutual interest for the two agencies include the imposition of one-sided and restrictive contract provisions.Lease Expiration: 10 Years From COE Lease Type: Absolute NNN Rental Increases: 10% Every 5 Years & At Options National Labor Relations Board (NLRB) General Counsel Jennifer Abruzzo and Federal Trade Commission (FTC) Chair Lina Khan entered a memorandum of understanding on July 19 to form a partnership between the agencies that will advance workers' rights. Legal experts say the Biden administration's stepped-up action against no-poach agreements has put managers on alert. The DOJ's targeting of illegal no-poach hiring arrangements is a trend that employment experts say could have a lasting impact on how managers recruit employees. Increased DOJ Action Puts Managers on Alert Department of Labor to exchange information that could result in an additional investigation by the other agency. The DOJ also has entered into a memorandum of understanding with the U.S. Department of Justice (DOJ) is increasing its criminal investigations and prosecutions of no-poach agreements, which it asserts are per se violations of antitrust laws. Nonetheless, the agreement said, "Franchisees were able to pay employees below-market wages without worrying that they would seek employment at another Jiffy Lube franchise with more attractive working conditions." A company spokesperson said the employer does not comment on legal matters. Jiffy Lube denied wrongdoing, according to the settlement. The plaintiff argued on behalf of himself and the class that this violated the Sherman Antitrust Act. The plaintiff maintained that Jiffy Lube franchise owners agreed to a clause in their contracts disallowing them from hiring anyone who had worked at another Jiffy Lube shop in the past six months. We've gathered articles on the news from SHRM Online and other outlets. Approximately 1,250 hourly Jiffy Lube employees in the Philadelphia metropolitan area will share a $2 million settlement of a claim that the company prohibited its franchisees from hiring existing employees of its shops. ![]()
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