Start a Spiffy Franchise in 2024

Franchise 500 Rank: N/R Not ranked last year

Initial investment: $102K - $181K

Units as of 2022: 48 166.7% over 3 years

Spiffy is an app-based technology and services franchise dedicated to improving the car care experience for its customers. Much of its base is located in cities and metro areas. Spiffy strives to offer a whole range of 100% contactless, eco-friendly services, such as hand car washing, disinfection, advanced detailing, oil change, tire maintenance, and other related jobs.

The idea behind zero-contact car care was developed by founder Scott Wingo in 1999. In 2014, Spiffy was born behind the strength of his passion for technology and customer experience, offering truly convenient and environmentally safe car care services for individuals and fleets alike. The company began offering franchises in 2020.

Why You May Want To Start a Spiffy Franchise

Beyond marketing, the growth of any franchise business lies at its core. Spiffy is a revolutionary concept in car care and environmentalism, and the formula is working. The company has been thriving for almost ten years and has grown to more than 25 locations across the country.

As a franchisee, you are expected to practice the brand’s ideals - that is, to provide convenient, trustworthy, professional, and green car care services. The U.S. car care market is worth well over USD 14 billion, indicating just how significant the potential is for franchisees and businesses alike, especially those with unique features to offer.

What Might Make a Spiffy Franchise a Good Choice?

Speaking of uniqueness, Spiffy may have quite a lot up its sleeve, starting with its app-driven operations. People can book through their Spiffy app to be scheduled for services in under two minutes. Customers can then pay and come for the service they need. Customers can also track the progress of the service through the app.

The Spiffy Green Solution is another unique feature of the brand. It strives to ensure that all car care practices of the company are planet-safe, from water conservation to oil recycling. Services are comprehensive, and diverse partnerships with facilities such as Satellite and PRTI may promote an all-in-one market for customers.

To be part of the Spiffy team, you should make sure you’re financially ready for an initial investment made up of a franchise fee and other startup costs. In addition, you should prepare yourself for ongoing fees that will include advertising, royalty, and potential renewal fees. Franchisees will also need to meet the company’s set net worth and liquid capital requirements.

How To Open a Spiffy Franchise

As you decide if opening a Spiffy franchise is the right move for you, make sure you take time to explore the opportunity. Research the brand and your local area to see if a Spiffy franchise would do well in your community. While competition is healthy, too much of it may not allow for the most growth.

Before making any financial commitment or signing an agreement, you must perform your due diligence and establish if this is the right opportunity for you. As part of your due diligence, you may want to speak to existing franchisees and ask the Spiffy franchising team questions.

Company Overview

About Spiffy

Industry	Automotive
Related Categories	Car-Wash Services
Founded	2014
Parent Company	Get Spiffy Inc.
Leadership	Scot Wingo, CEO & Cofounder
Corporate Address	4506 S. Miami Blvd., #150 Durham, NC 27703
Social	Facebook, Twitter, LinkedIn, Instagram, YouTube, TikTok

Business Overview

Franchising Since	2020 (4 years)
# of employees at HQ	550
Where seeking	This company is offering new franchises in the following US states: Alaska, Alabama, Arkansas, Arizona, California, Colorado, Connecticut, District of Columbia, Delaware, Florida, Georgia, Iowa, Idaho, Illinois, Indiana, Kansas, Kentucky, Louisiana, Massachusetts, Maryland, Maine, Michigan, Minnesota, Missouri, Mississippi, Montana, North Carolina, Nebraska, New Hampshire, New Jersey, New Mexico, Nevada, New York, Ohio, Oklahoma, Oregon, Pennsylvania, Rhode Island, South Carolina, Tennessee, Texas, Utah, Virginia, Vermont, Washington, Wisconsin, West Virginia, Wyoming
# of Units	48 (as of 2022)

Information for Franchisees

Here's what you need to know if you're interested in opening a Spiffy franchise.

Financial Requirements & Ongoing Fees

Here's what you can expect to spend to start the business and what ongoing fees the franchisor charges throughout the life of the business.

Initial Franchise Fee Definition: The initial fee paid to a franchisor to join their system What you need to know: Found in Item 5 of the FDD, this may be a flat fee, or may vary based on territory size, experience, or other factors.The franchise fee is an up-front (one-time) cost that a new franchisee pays to the franchisor. This fee is usually due at the signing of the franchise agreement and covers the right to use the franchisor's trademarks, name, and related business systems.	$40,000
Initial Investment Definition: The total amount necessary to begin operation of the franchise What you need to know: The initial investment includes the franchise fee, along with other startup expenses such as real estate, equipment, supplies, business licenses, and working capital. This is outlined in a chart in Item 7 of the FDD, showing a range of possible costs from low to high.	$101,550 - $181,400
Net Worth Requirement Definition: The minimum net worth you must have in order to qualify to become a franchisee of this company What you need to know: Net worth is the value of a person's assets minus liabilities. Assets include cash, stocks, retirement accounts, and real estate. Liabilities include items like mortgages, car payments, and credit card debt.	$250,000
Cash Requirement Definition: The minimum liquid capital you must have available in order to qualify to become a franchisee of this company.	$150,000
Veteran Incentives Definition: A discount or other incentive offered to military veterans who buy a franchise with this company.	10% off franchise fee
Royalty Fee Definition: A ongoing fee paid to the franchisor on a regular basis. What you need to know: Most franchisors require franchisees to pay an ongoing royalty fee, which is detailed in Item 6 of the FDD. This fee is typically a percentage of weekly or monthly gross sales, but may also be a flat weekly, monthly, or annual fee.	7%
Ad Royalty Fee Definition: An going fee paid to the franchisor on a regular basis to support advertising or marketing efforts. What you need to know: This may also be called advertising fee, marketing fee, brand fund fee, and more, but the basic purpose is the same-- to support promotion of the brand systemwide. As with the royalty fee, it is detailed in Item 6 of the FDD, and can be a percentage of weekly or monthly gross sales or a weekly, monthly, or annual fee.	2%
Term of Agreement Definition: The length of time your franchise agreement will last. What you need to know: Franchise terms are typically anywhere from 5 to 20 years in length, but are sometimes instead dependent on factors such as the term of your lease. Once your term is up, you may have the option to renew your agreement, typically for a smaller fee than the original franchise fee.	10 years
Is franchise term renewable?	Yes

Financing Options

Some franchisors offer in-house financing, while others have relationships with third-party financing sources to which they refer qualified franchisees.

Third Party Financing	Spiffy has relationships with third-party sources which offer financing to cover the following: franchise fee, startup costs, equipment, inventory, accounts receivable, payroll

Training & Support Offered

Franchisors offer initial training programs and a variety of ongoing support options to help franchisees run their businesses.

On-The-Job Training	60 hours
Classroom Training	70 hours
Ongoing Support	Purchasing Co-ops Meetings & Conventions Toll-Free Line Grand Opening Online Support Security & Safety Procedures Field Operations Proprietary Software Franchisee Intranet Platform
Marketing Support	Ad Templates Regional Advertising Social Media SEO Website Development Email Marketing

Operations

Additional details about running this franchise.

Is absentee ownership allowed?	Yes
Can this franchise be run from home/mobile unit? Definition: The business can be run from your home and/or a vehicle, and it is not necessary to have a retail facility, office space, or warehouse.	No
Can this franchise be run part time? Definition: This business can be run by the owner on a part-time basis (less than 40 hours per week) and/or as a side business; it is not necessary for the business to be open/run full-time.	No
Are exclusive territories available? Definition: An exclusive territory is a fixed area in which you are given the right to operate and in which no other units of the same franchise may be opened. What you need to know: Territory size may be based on factors such as radius, population size, zip codes, and more. Details can be found in Item 12 of the FDD.	No