SpeeDee Oil Change & Auto care business a great franchise opportunity in USA

Discover the full information about SpeeDee Oil Change & Auto care franchise business only on Franchise Opportunity Info.

SpeeDee Oil Change & Auto care business a great franchise opportunity in USA
SpeeDee Oil Change franchise

Quick Introduction to SpeeDee Oil Change Franchise Business:

For forty years, SpeeDee Oil Change & Auto care® has been regarded as one of the top oil change franchises in the country because of our unwavering commitment to providing quick, efficient customer care.

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Main Contents of this Article
Introduction to SpeeDee Oil Change Franchise Business Overview of SpeeDee Oil Change Franchise Business
What make SpeeDee Oil Change Franchise different from other.

Traning and Support for Franchise holder.

Ideal candidate for SpeeDee Oil Change Franchise Business

Final Conclusion 

Having opened more than 200 locations across the globe, SpeeDee is one of the fastest-growing oil change and automotive repair businesses in the country. By the end of this year, there should be 250 locations. Average Net Sales for the Top Quartile of Sales Revenue in 2022 will be $2,248,312*, with $576,082* EBITDAR.

Based on SpeeDee Oil Change & Auto Service® franchisee-owned locations that, for the fiscal year 2022, averaged sales revenue in the Top Quartile. Performance can change. This data can be found in Item 19 of our 2023 FDD.

"Working in the vehicle repair and oil change sector is fantastic. It isn't in style. This isn't a passing trend. It's always needed, according to Kevin Kormondy, CEO of SpeeDee. "Demand has been high despite the recent disruptions, and our franchisees have succeeded by delivering excellent service and utilizing reliable systems and support."

Quick Business Overview of SpeeDee Oil Change Franchise Business:

Information Details
Minimum Cash on Hand Required $250,000
Total Investment $209,326 - $798,642
Net Worth Required $450,000
Franchise Fee $39,900
Financing Available Yes, third party lenders are available. Discounts for Veterans and First Responders.
Part-Time / Full-Time Full-time
Opportunities Available Single and Multi-Unit Franchises available throughout the US.

What make SpeeDee Oil Change Franchise different from other:

  • It's one of the few major brands for oil changes and auto repairs that is growing rapidly.
  • Since it is not owned by an oil business, unlike other franchisees that provide rapid lube service, the brand has more negotiating power with other suppliers.
  • Robust EBITDAR.
  • After forty years in operation, the brand is led by an exceptionally seasoned leadership team.
  • Adaptable development alternatives that enable owners to take advantage of real estate deals and open more quickly.
  • A large amount of franchise support to help with training, marketing, leasing negotiations, identifying prime locations, and optimizing return on investment.

The $514 billion automotive aftermarket industry:

The SpeeDee Oil Change business is well-positioned to benefit from the expansion of the vehicle aftermarket sector. The need for maintenance services like oil changes is growing as more cars are driven on the road.

Franchisees of SpeeDee Oil Change have a special chance to capitalize on this expanding industry because to their well-established brand and tested business plan. They can draw clients looking for high-quality auto maintenance by providing a quick and easy service.

Purchasing a SpeeDee Oil Change franchise gives business owners a strong platform for success in a lucrative market niche in addition to being in line with the growing trend of the automobile aftermarket industry.

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What support franchise holder get from company:

Excellent franchise support is available from SpeeDee Oil Change & Auto Service® to assist you in starting and expanding your company. Experience with automobiles is not required. To assist you in locating clients and delivering excellent customer service, we offer a variety of tools, marketing support, and training.

Marketing Support: Joining SpeeDee gives you access to a developing company that has been fostering relationships with clients for forty years. Additionally, a committed marketing team that oversees complex campaigns to get customers to your location is at your disposal. In every market where we operate a SpeeDee site, we strive to outperform the competition.

Training Support: Acquiring knowledge of our tested system is the initial stage in your training. We name our 24/7 online training program FullSpeed Automotive University. There are 250 courses in the extensive training program, some of which are necessary. This is the training ground where you will instruct your own personnel. Furthermore, you will be attending our New Franchisee Training School in Denver for a week, during which we will teach you how to set SpeeDee apart from other fast lube companies.

How you choose Your Site:
Selecting the ideal location is essential for your company. Together with you, SpeeDee Oil Change & Auto Service works with nearby commercial real estate brokers to find potential locations, assess their likelihood of success, and work out advantageous conditions.

Conclusion:- 

In conclusion, we have provided comprehensive information about the SpeeDee Oil Change & Auto Service® franchise. It's essential to weigh the pros and cons carefully. While the business is simpler to run and offers scalability, potential investors should be mindful of the limitations imposed by franchisor control, which may restrict the expansion of a large business. Ultimately, the decision to invest rests with you. From my perspective, this appears to be a promising franchise opportunity in the USA. However, it is crucial to conduct thorough due diligence and make an informed decision that aligns with your goals and expectations. 

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