Speedy Transmission Centers
At a Glance
Products & Services: Transmission repair
Number of Locations:
Total Investment: $58.5K - 101.9K
Founded: 1983
Began Franchising: 1984
Private Owned
About Speedy Transmission Centers
D'Arcy Williams founded Speedy Transmission Centers in 1983. The company began franchising in 1984, with its first franchise location in Syracuse, New York. Based in Boca Raton, Florida, Speedy now has locations in several states, including centers in Florida, Georgia and Puerto Rico.Startup Costs, Ongoing Fees and Financing
Total Investment: $58,500 - $101,900
Franchise Fee: $24,500
Ongoing Royalty Fee: 7%
Term of Franchise Agreement: 20 years, renewable
Franchise Fee: $24,500
Ongoing Royalty Fee: 7%
Term of Franchise Agreement: 20 years, renewable
Financial Requirements
Net Worth: $150,000
Liquid Cash Available: $50,000
Operations
Number of employees needed to run franchised unit: 4. Absentee ownership of franchise is allowed. (100% of current franchisees are owner/operators).| Financing Type | In-House | Third Party |
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How This Franchise Supports Franchisees
Training: Available at headquarters: 3 weeks. At franchisee's location: Varies. Weekend training classes
Ongoing Support: Newsletter, Meetings, Toll-free phone line, Grand opening, Internet, Field operations/evaluations,
Marketing Support: Ad slicks, Regional advertising,
Other marketing support: All-media production