Start-Up Costs and Fees |
||
| Express Oil Change | Speedy Transmission | |
| Investment | 1863000 - 2716000 | 83500 - 108000 |
| Franchise Fee | 0 | 0 |
| Royalty Fee | 5% | 7% |
| Advertising Fee | 3%Local | |
| Year Founded | 1979 | 1983 |
| Year Franchised | 1983 | 1984 |
| Term Of Agreement | ||
| Term Of Agreement | ||
| Renewal Fee | ||
Business Experience Requirements |
||
| Express Oil Change | Speedy Transmission | |
| Experience | No previous auto mechanical experience or knowledge is necessary. We look for general business accumen, strong communication and people skills for motivating your staff and working with customers, a high level of energy, a positive attitude, a drive to succeed at your own business, and future goal orientation. | General business experience Marketing skills |
Financing Options |
||
| Express Oil Change | Speedy Transmission | |
| Franchise Fees | No | No |
| Start-up Costs | No | No |
| Equipment | No | No |
| Inventory | No | No |
| Receivables | No | No |
| Payroll | No | No |
Training & Support |
||
| Express Oil Change | Speedy Transmission | |
| Training | On-The-Job Training: 296 hours Classroom Training: 24 hours Additional Training: At training centers | Weekend training classes |
| Support | Purchasing Co-ops Newsletter Meetings/Conventions Toll-Free Line Grand Opening Online Support Security/Safety Procedures Field Operations Site Selection Proprietary Software Franchisee Intranet Platform | Newsletter, Meetings, Toll-free phone line, Grand opening, Internet, Field operations/evaluations |
| Marketing | Co-op Advertising Ad Templates Social media SEO Website development Email marketing Loyalty program/app | Ad slicks, Regional advertising |
| Operations | 85% of all franchisees own more than one unit Number of employees needed to run franchised unit: 6 - 8 Absentee ownership of franchise is allowed. There must be a partner running the operations. | 0% of all franchisees own more than one unit Number of employees needed to run franchised unit: 4 Absentee ownership of franchise is allowed. (100% of current franchisees are owner/operators) |
Expansion Plans |
||
| Express Oil Change | Speedy Transmission | |
| US Expansion | Alabama, Arkansas, Delaware, Florida, Georgia, Illinois, Indiana, Kansas, Louisiana, Maryland, Mississippi, Missouri, New Jersey, New York, North Carolina, Ohio, Oklahoma, Pennsylvania, South Carolina, Tennessee, Texas, Virginia | South, South East, |
| Canada Expansion | ||
| International Expansion |
Start-Up Costs and Fees Mobile |
|
| Investment | |
| Express Oil Change | |
| Speedy Transmission | |
| Franchise Fee | |
| Express Oil Change | |
| Speedy Transmission | |
| Royalty Fee | |
| Express Oil Change | 5% |
| Speedy Transmission | 7% |
| Advertising Fee | |
| Express Oil Change | 3%Local |
| Speedy Transmission | |
| Year Founded | |
| Express Oil Change | 1979 |
| Speedy Transmission | 1983 |
| Year Franchised | |
| Express Oil Change | 1983 |
| Speedy Transmission | 1984 |
| Term Of Agreement | |
| Express Oil Change | 10 years |
| Speedy Transmission | 20 years |
| Renewal Fee | |
| Express Oil Change | |
| Speedy Transmission | 50% of initial franchise fee |
Business Experience Requirements |
|
| Experience | |
| Express Oil Change | No previous auto mechanical experience or knowledge is necessary. We look for general business accumen, strong communication and people skills for motivating your staff and working with customers, a high level of energy, a positive attitude, a drive to succeed at your own business, and future goal orientation. |
| Speedy Transmission | General business experience Marketing skills |
Financing Options |
|
| Franchise Fees | |
| Express Oil Change | No |
| Speedy Transmission | No |
| Start-up Costs | |
| Express Oil Change | |
| Speedy Transmission | |
| Equipment | |
| Express Oil Change} | |
| Speedy Transmission | |
| Inventory | |
| Express Oil Change | |
| Speedy Transmission | |
| Receivables | |
| Express Oil Change | |
| Speedy Transmission | |
| Payroll | |
| Express Oil Change | |
| Speedy Transmission | |
Training & Support |
|
| Training | |
| Express Oil Change | On-The-Job Training: 296 hours Classroom Training: 24 hours Additional Training: At training centers |
| Speedy Transmission | Weekend training classes |
| Support | |
| Express Oil Change | Purchasing Co-ops Newsletter Meetings/Conventions Toll-Free Line Grand Opening Online Support Security/Safety Procedures Field Operations Site Selection Proprietary Software Franchisee Intranet Platform |
| Speedy Transmission | Newsletter, Meetings, Toll-free phone line, Grand opening, Internet, Field operations/evaluations |
| Marketing | |
| Express Oil Change | Co-op Advertising Ad Templates Social media SEO Website development Email marketing Loyalty program/app |
| Speedy Transmission | Ad slicks, Regional advertising |
| Operations | |
| Express Oil Change | 85% of all franchisees own more than one unit Number of employees needed to run franchised unit: 6 - 8 Absentee ownership of franchise is allowed. There must be a partner running the operations. |
| Speedy Transmission | 0% of all franchisees own more than one unit Number of employees needed to run franchised unit: 4 Absentee ownership of franchise is allowed. (100% of current franchisees are owner/operators) |
Expansion Plans |
|
| US Expansion | |
| Express Oil Change | Alabama, Arkansas, Delaware, Florida, Georgia, Illinois, Indiana, Kansas, Louisiana, Maryland, Mississippi, Missouri, New Jersey, New York, North Carolina, Ohio, Oklahoma, Pennsylvania, South Carolina, Tennessee, Texas, Virginia |
| Speedy Transmission | South, South East, |
| Canada Expansion | |
| Express Oil Change | |
| Speedy Transmission | |
| International Expansion | |
| Express Oil Change | |
| Speedy Transmission | |