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- 2022 Franchise 500 Rank
#407 Ranked #470 last year
- Initial investment
$225K - $733K
- Units as of 2021
98 11.4% over 3 years
Here’s what you need to know if you’re interested in opening a SpeeDee Oil Change & Auto Service franchise.
Fuel your community with a SpeeDee Oil Change & Auto Service Center franchise! Founded in 1980, SpeeDee Oil Change & Auto Service Center is a full-service automotive care franchise. SpeeDee Oil Change & Auto Service Center began franchising in 1982 and has now grown to more than 70 centers across the U.S. It also has an international presence, with several franchise locations.
SpeeDee Oil Change & Auto Service Center is known to offer a full range of auto repair and maintenance services to its customers, including tune-up services, brake services, tire services, alignments, smog check, A/C services, home oil change service, and the list goes on!
The franchise strives to provide premium and customized car care for every serviced vehicle with modernized diagnostic equipment and trained technicians utilizing quality products and brand parts. SpeeDee Oil Change & Auto Service Center helps vehicles reach their maximum performance and mileage by offering a certified service.
When you make customers feel special and exceed their expectations, they may keep coming back!
Why You May Want to Start a SpeeDee Oil Change & Auto Service Center Franchise
If you’re willing to take a dynamic, hands-on approach to build your business, getting started with a SpeeDee Oil Change & Auto Service Center franchise may be a good route to take. SpeeDee Oil Change & Auto Service Center strives to offer comprehensive planning and support along with an established reputation, marketing, and technical support to all its franchisees. With all of this at your disposal, you may find that you have a distinct advantage over other full-service automotive care operators.
As part of the enrollment process, you’ll receive step-by-step training to help you achieve your goals. Your training will likely start right before you open the doors to your franchise and continue throughout the life of your business. The initial SpeeDee Oil Change & Auto Service Center training program may give you the knowledge and tools to help you get started the SpeeDee Oil Change & Auto Service Center way.
What Might Make a SpeeDee Oil Change & Auto Service Center Franchise a Good Choice?
SpeeDee Oil Change & Auto Service Center has been ranked in Entrepreneur’s Franchise 500 multiple times in the past several years. This ranking is based on an evaluation of more than 150 data points in the areas of costs and fees, size and growth, franchisee support, brand strength, and financial strength and stability.
To be part of the SpeeDee Oil Change & Auto Service Center team, you should make sure you’re financially ready for an initial investment made up of a franchise fee and other startup costs. It is also important that you do not forget about the presence of ongoing fees, which 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 SpeeDee Oil Change & Auto Service Center Franchise
Getting started with SpeeDee Oil Change & Auto Service Center first requires an inquiry form. Then, if you are seen as a good fit, one of the franchise's team members may directly contact you to explore opportunities and eligibility. If you're pre-qualified, the team will send you their Franchise Disclosure Document and ask you to submit background verification and a business plan.
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. Speak to existing franchisees and ask the SpeeDee Oil Change& Auto Service Center team questions. If your net worth and available liquid capital match the brand’s requirements, you may qualify to open a SpeeDee Oil Change & Auto Service Center franchise, and you can get started with an initial investment and relevant training.
Put the care in auto care as you fuel your community with a SpeeDee Oil Change & Auto Service Center franchise!
About SpeeDee Oil Change & Auto Service
- Franchising Since
- 1982 (40 years)
- # of employees at HQ
- Where seeking
This company is seeking new franchisees throughout the US.
This company is seeking new franchisees in the following international regions: Mexico
- # of Units
- 98 (as of 2021)
Information for Franchisees
Here’s what you need to know if you’re interested in opening a SpeeDee Oil Change & Auto Service 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.
- Initial Investment
- $224,664 - $733,028
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.
- 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.
- Cash Requirement
Definition: The minimum liquid capital you must have available in order to qualify to become a franchisee of this company.
- Veteran Incentives
- $14,900 off startup franchise fee; royalty fee rebates for first two years
Definition: A discount or other incentive offered to military veterans who buy a franchise with this company.
- 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.
- 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.
- Term of Agreement
- 15 years
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.
- Is franchise term renewable?
Some franchisors offer in-house financing, while others have relationships with third-party financing sources to which they refer qualified franchisees.
- Third Party Financing
- SpeeDee Oil Change & Auto Service 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
- 29 hours
- Classroom Training
- 34 hours
- Additional Training
- Annual regional meetings
- Ongoing Support
NewsletterMeetings & ConventionsToll-Free LineGrand OpeningOnline SupportSecurity & Safety ProceduresLease NegotiationField OperationsSite SelectionProprietary SoftwareFranchisee Intranet Platform
- Marketing Support
Co-op AdvertisingAd TemplatesRegional AdvertisingSocial MediaSEOWebsite DevelopmentEmail MarketingLoyalty Program/App
Additional details about running this franchise.
- Is absentee ownership allowed?
Definition: Absentee ownership means that the franchisee does not actively work in the franchise business or manage day-to-day operations.
- 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.
- 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.
- # of employees required to run
- 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.
Franchise 500 Ranking History
Compare where SpeeDee Oil Change & Auto Service landed on this year’s Franchise 500 Ranking versus previous years.
Curious to know where SpeeDee Oil Change & Auto Service ranked on other franchise lists? Find out below.
Are you eager to see what else is out there? Browse more franchises that are similar to SpeeDee Oil Change & Auto Service.
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