What is Performance Plus?
Performance Plus Quick Oil Change specializes in providing efficient oil change services, featuring products from Quaker State and Pennzoil. With a substantial footprint of over 50 locations throughout Michigan, the company primarily serves vehicle owners seeking prompt and dependable automotive maintenance. Their service portfolio extends to include car wash facilities and customer loyalty programs, enhancing the overall value proposition for their clientele. Customers frequently commend the speed of service, the expertise of their staff, and the competitive pricing at their various outlets.
How much funding has Performance Plus raised?
Performance Plus has raised a total of $1M across 1 funding round:
Debt
$1M
Debt (2020): $1M with participation from PPP
Key Investors in Performance Plus
PPP
Public-Private Partnership
What's next for Performance Plus?
The recent major strategic investment into Performance Plus signals a pivotal moment for the company, likely indicating a phase of aggressive expansion or service enhancement. Given the enterprise-level funding context, Performance Plus is poised to scale its operations, potentially increasing its geographic reach beyond Michigan or investing in advanced service technologies. This capital infusion is expected to bolster its competitive edge in the quick automotive maintenance market, possibly through acquisitions or the optimization of its existing network of service centers. The focus will likely remain on delivering efficient, high-quality services while leveraging customer loyalty programs to drive repeat business and market share.
See full Performance Plus company page
