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Speedee Oil Change & Tune-Up
 

SPEEDEE offers preventive auto maintenance services, specializing in a 17-point quick oil change, diagnostic tune-up and brake services. Also offered: fuel system cleanings, a/c services, radiator flushes, emission/smog checks andtransmission/differential services. No appointment necessary. Performed while you wait. Successful franchisees are enthusiastic, have a strong commitment to customer service and people management skills. Retail experience preferred.

Franchisor Background

Year Established:

  1980

Franchising Since:

  1982

Operating Units:

Franchised Units:112 96.6%  
Company-Owned Units:4 3.4%  
 ______ _____  
Total Operating Units:116 100%  
 

Geographic Distribution:

U.S.:111 65.3% In 15 States
Canada:0 0% In 0 Canadian Provinces
International:59 34.7% In 0 Foreign Countries
 ______ _____  
Total:170 100%  
 

North America:

States/Provinces with the largest number of operating units:
DensityUnits    
1. California50
2. Louisiana22
3. Massachusetts10

Registered in Following Registration States:

   California, Florida, Hawaii, Virginia

Financial Requirements

Investment:

Minimum Net Worth:$250K
Cash Investment:$100-150K
Total Investment:$186-765.5K
Average Total Investment:$476K
 

Fees:

Initial Franchise Fee:$30K
Average Franchise Fee:$30K
On-Going Royalty:6%
Average Royalty:6%
Advertising Fee:8%

Average Number of Employees:

   5 Full-time, 2 Part-time

Space Needs (in square footage):

   2,800

Preferred Sites:

   Free-standing Building

Other Sites:

  

Encourage Conversions?

   Yes

Earnings Claims Provided?

   No

Listed in the SBA Registry?

   No

Support and Training

International Franchise Association:No
Canadian Franchise Association:No
Franchisee Association/Member:No
Size of Corporate Staff:16
Site Selection Assistance?Yes
Lease Negotiation Assistance?Yes
Financial Assistance?No
 

Marketing Support:

Co-Op Advertising:Yes
National Advertising:No
Regional Advertising:No
Local Advertising:No
Marketing Materials:None Specified
Additional Services:None Specified
Other Marketing Support:None Specified
 

On-Going Support:

Central Data Processing:Not Applicable
Central Purchasing:Not Applicable
Field Operation Evaluation:Included in Fees
Field Training:Included in Fees
Initial Store Opening:Included in Fees
Inventory Control:Not Applicable
Franchisee Newsletter:Included in Fees
Regional or National Meetings:Included in Fees
800 Telephone Hotline:Not Applicable
 

Training:

1. Headquarters3-Day Orientation
2. Local Office1 Week
3. Shop2 Weeks
 

Franchisee Qualifications

Ranked from 1 (unimportant) to 5 (important):
 
Financial Net Worth:5
General Business Experience:5
Specific Industry Experience:3
Formal Education:3
Psychological Profile:3
Personal Interview(s):4

Minority Representation

Units Owned by Minorities:

African-American:N/A
Asian-American:N/A
Hispanic:N/A
Native American:N/A
Other:N/A
Specific Minority:N/A

Terms of Contract

Term of Initial Contract:15/5/5 Year(s)
Term of Renewal Period: Year(s)
Passive Ownership:Allowed, But Discouraged
Area Development Agreements?Yes, for 0 Year(s)
Sub-Franchising Contracts?No
Franchisees Allowed to Expand Within Territory?Yes

Expansion Plans

Projected New Units Over Next 12 months:

   14
U.S.:Yes, All United States
Canada:Yes, All Canada
Overseas:Yes, All Countries
 
 
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