What is Performance Plus?
Performance Plus Quick Oil Change is a prominent provider of rapid and reliable oil change services and comprehensive car care, operating across more than 50 locations throughout Michigan. The company offers a diverse suite of services, including full-service oil changes, car washes, and specialized fleet services, all underscored by a strong commitment to customer satisfaction and operational convenience. Rooted in family-owned values, Performance Plus emphasizes quality service and competitive pricing, often featuring special promotions to attract and retain its clientele, which spans individual vehicle owners and commercial fleet operators seeking efficient automotive maintenance solutions.
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
What's next for Performance Plus?
The recent major strategic investment in Performance Plus suggests a phase of accelerated expansion and service enhancement. This capital infusion is likely to fuel the company's growth trajectory, potentially enabling the opening of new locations, the adoption of advanced automotive technologies, and the broadening of its service portfolio. The focus on enterprise-level funding indicates a strategic intent to scale operations significantly, possibly through acquisitions or by enhancing existing infrastructure to meet increasing demand and maintain its competitive edge in the automotive service market.
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