Oil Can Henry vs Tread Connection International
Oil Can Henry vs Tread Connection International: Oil Can Henry costs $346K to $1.1M to open; Tread Connection International costs $164K to $203K. Oil Can Henry has 12 units, Tread Connection International has 6. SBA loan history: Oil Can Henry = 13 loans (0.0% default); Tread Connection International = 7 loans (28.6% default). The franchise with more SBA funded units, a lower SBA default rate, and a lower royalty load is the safer financing bet; see the comparison below.
Oil Can Henry vs Tread Connection International: Capital, Scale & Lending Analysis
Analysis based on FDD filings and SBA 7(a) loan level data. Each pairing reflects a unique combination of capital intensity, system scale, and financing path.
Capital Intensity
Tread Connection International requires the lower minimum capital commitment ($164K vs $346K for Oil Can Henry), a 111% spread. Initial franchise fees come in at $25K for Oil Can Henry versus $38K for Tread Connection International, Oil Can Henry has the lower entry fee. Ongoing royalty load is 5.5% for Oil Can Henry and 6% for Tread Connection International, giving Oil Can Henry the lighter per-unit drag on operating income.
System Scale & Tenure
On scale, Oil Can Henry operates 12 units to Tread Connection International's 6. Oil Can Henry has been operating 48 years (founded 1978) versus 10 for Tread Connection International (founded 2016), a 38-year tenure gap that affects unit-economics maturity and FDD revision history.
SBA Lending Profile
Oil Can Henry has the deeper SBA lending track record, with 13 7(a) approvals compared with 7 for Tread Connection International.
Risk Signal
SBA default rates are 0.0% for Oil Can Henry and 28.6% for Tread Connection International, Oil Can Henry has the cleaner SBA loss record by 28.6 points. PeerSense FPI scores come in at 42 (Fair) for Oil Can Henry and 27 (Fair) for Tread Connection International, giving Oil Can Henry the stronger composite signal across SBA performance, lender appetite, and operational consistency.
Health & Performance
FPI Score | 42/100 | 27/100 |
Health Tier | Fair | Limited |
Confidence | N/A | N/A |
Lending Trend | Declining | Declining |
SBA Lending
SBA Loans | 13 | 7 |
SBA Volume | – | – |
Default Rate | 0.0% | 28.6% |
Peer Tier | growing | emerging |
Investment & Costs
Total Investment | $346K to $1.1M | $164K to $203K |
Franchise Fee | $25K | $38K |
Royalty Rate | 5.5% | 6% |
Ad Fund | 1% | N/A |
Liquid Capital | N/A | N/A |
Net Worth Required | N/A | N/A |
Financial Performance (Item 19)
Item 19 Status | Not Disclosed | Not Disclosed |
System Size & Operations
Total Units | 12 | 6 |
Franchised Units | 12 | 6 |
Company Owned | – | – |
Term Length | N/A | N/A |
Brand Information
Year Founded | 1978 | 2016 |
Franchising Since | N/A | N/A |
Years Franchising | N/A | N/A |
Headquarters | YAKIMA, WA | Charlotte, NC |
Category | All Other Automotive Repair | All Other Automotive Repair |
Website | ||
FDD Year | N/A | N/A |
Which Is Better, Oil Can Henry or Tread Connection International?
Lower upfront capital required
Tie
Oil Can Henry: $346K starting · Tread Connection International: $164K starting
More SBA lender confidence
Oil Can Henry
Oil Can Henry: 13 SBA loans · Tread Connection International: 7 SBA loans
Lower SBA default rate
Oil Can Henry
Oil Can Henry: 0.0% · Tread Connection International: 28.6%
Larger system & brand presence
Tie
Oil Can Henry: 12 units · Tread Connection International: 6 units
Lower ongoing royalty load
Oil Can Henry
Oil Can Henry: 5.5% · Tread Connection International: 6%
More lender financing options
Tie
Oil Can Henry: 4 unique lenders · Tread Connection International: 4 unique lenders
Decision matrix uses publicly disclosed FDD and SBA loan data. Not a recommendation. Your best franchise depends on capital, market, operating capacity, and risk tolerance.
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About These Franchises
Oil Can Henry vs Tread Connection International: Franchise Funding Comparison
Comparing Oil Can Henry and Tread Connection International is about more than brand preference. It's about which franchise fits your financial profile and funding strategy. Investment ranges from $164K to $1.1M.
Oil Can Henry has 13 SBA loans on record and Tread Connection International has 7. Those totals are cumulative history rather than a measure of current appetite. Recent lending activity is trending down for at least one of these brands, so current lender appetite has to be checked deal by deal rather than assumed from the totals.
SBA 7(a) loans are the most common franchise funding vehicle, offering up to $5M with as little as 10% down. PeerSense connects franchise buyers with the specific lenders who have approved loans for these brands, not generic referrals, but lenders with actual franchise lending track records.
Data sourced from SBA loan records, Franchise Disclosure Documents, and public filings. Updated regularly. Not financial advice, consult with a lending professional before making investment decisions.
Oil Can Henry vs Tread Connection International, Frequently Asked Questions
Which is a better franchise investment, Oil Can Henry or Tread Connection International?
How much does a Oil Can Henry franchise cost compared to Tread Connection International?
Can I finance Oil Can Henry or Tread Connection International with an SBA loan?
Which has a lower SBA default rate, Oil Can Henry or Tread Connection International?
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Page Review
Reviewed by Edward L. Freeman, Founder and Managing Director, PeerSense
- PeerSense is a capital advisory firm that places commercial financing with direct capital sources; the capital source sets final terms.
- Edward L. Freeman founded PeerSense in January 2020.
- He is a Registered Franchise Consultant with Business Alliance, Inc., a credential issued in March 2022, and worked as a franchise consultant there from March 2022 to May 2023.
- His recorded experience includes a $22 million SBA construction loan, with about $16 million funded on the deal.
- In the 12 months through September 30, 2026, PeerSense tracked 912 publicly announced financings with a disclosed size of $361.32 billion. PeerSense Capital Data Report · Methodology page
Last reviewed LinkedIn profileAbout Edward Freeman