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Speedy Transmission Centers
Centers repair, rebuild and recondition automatic and standard transmissions. Other drive train repair services also available. Training, marketing and operational assistance. Warranties are honored throughout the U.S. and Canada.
Franchisor Background
Year Established: 1974Franchising Since: 1974
Operating Units: Franchised Units: 30 100% Company-Owned Units: 0 0% ______ _____ Total Operating Units: 30 100% Geographic Distribution: U.S.: 30 100% In 6 States Canada: 0 0% In 0 Canadian Provinces International: 0 0% In 0 Foreign Countries ______ _____ Total: 30 100% North America: States/Provinces with the largest number of operating units: Density Units 1. California 2 2. Florida 18 3. Georgia 7
Registered in Following Registration States: Florida Financial Requirements
Investment: Minimum Net Worth: $ Cash Investment: $40K Total Investment: $80-100K Average Total Investment: $90K Fees: Initial Franchise Fee: $19.5K Average Franchise Fee: $20K On-Going Royalty: 7% Average Royalty: 7% Advertising Fee: $100/Mo.
Average Number of Employees: 4 Full-time, 1 Part-timeSpace Needs (in square footage): N/APreferred Sites: Free-standing Building, Strip CenterOther Sites: Encourage Conversions? YesEarnings Claims Provided? NoListed in the SBA Registry? NoSupport and Training
International Franchise Association: Yes Canadian Franchise Association: No Franchisee Association/Member: Yes, Member Size of Corporate Staff: 4 Site Selection Assistance? Yes Lease Negotiation Assistance? Yes Financial Assistance? Yes, Direct Marketing Support: Co-Op Advertising: No 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: Included in Fees Franchisee Newsletter: Included in Fees Regional or National Meetings: Included in Fees 800 Telephone Hotline: Included in Fees Training: 1. Home Office 2 Weeks 2. On-Site 1 Week
Franchisee Qualifications
Ranked from 1 (unimportant) to 5 (important): Financial Net Worth: 3 General Business Experience: 3 Specific Industry Experience: 2 Formal Education: 4 Psychological Profile: 4 Personal Interview(s): 3
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: 20 Year(s) Term of Renewal Period: 10 Year(s) Passive Ownership: Allowed, But Discouraged Area Development Agreements? Yes, for 1 Year(s) Sub-Franchising Contracts? Yes Franchisees Allowed to Expand Within Territory? Yes
Expansion Plans
Projected New Units Over Next 12 months: 8
U.S.: Yes, Southeast, Northeast Canada: No Overseas: Yes, Latin America
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