Qualifications for
Ownership

Financial

Cash available to invest: $400,000
Net worth: $600,000
Credit Score: 680 or above

Personal

You need to be energetic, good with people, and committed to being actively engaged even if you are an absentee owner.
You must also have a clean criminal history.

Fees (plain and simple)

Initial franchise fee: $39,900*
Royalties: 6%**
Advertising Contribution: 4.5%***

Some Discounts apply. See below for details.

*The Initial Franchise Fee for a single SpeeDee Center is $39,900. If you are a Conversion Owner, we offer a reduced Initial Franchise Fee of $20,000 for your first location you are converting to a SpeeDee Center, and $10,000 for each additional location that is open and operating and you convert to a SpeeDee Center; provided that if you are an existing Franchisee converting another location or locations to a SpeeDee Center, the Initial Franchise Fee shall be $10,000 for each location you convert. If you meet additional qualifications, you may also be eligible for a royalty rebate, as described below.

*Incentive Program. If you are an existing franchisee, are in full compliance with the terms and conditions of your existing Franchise Agreement(s) and secure a location for an additional SpeeDee Franchise, for which you sign a then-current Franchise Agreement, the Initial Franchise Fee will be $20,000 for your second SpeeDee Franchise and each additional SpeeDee Franchise thereafter.

*If you are an honorably discharged U.S. Veteran, first responder, or a spouse of either, we offer a reduced Initial Franchise Fee of $29,900 for a single SpeeDee Center. If you are an existing franchisee, you qualify as a Veteran or First Responder, and you sign a then-current Franchise Agreement, the Initial Franchise Fee will be $20,000 for your second SpeeDee Franchise and each additional SpeeDee Franchise thereafter.

*Multi-Unit Franchisees must open a minimum of three SpeeDee centers. You will sign a Multi-Unit Agreement and the Franchise Agreement for your initial SpeeDee Center at the same time. You will pay the applicable Initial Franchise Fee for the first SpeeDee Center noted above under the initial Franchise Agreement, and a multi-unit fee equal to a reduced Initial Franchise Fee of $20,000 for the second SpeeDee Center, and a reduced Initial Franchise Fee of $15,000 for each additional SpeeDee Center you intend to open under the Multi-Unit Agreement. The minimum Multi-Unit Fee is $35,000.

** Royalties. The Royalty will be equal to 6% of Gross Revenues.

**Incentive Program. If you are a Conversion Owner or a Veteran and First Responder, you are eligible to participate in our Incentive Program (“Incentive Program”), during the first two years of operations after you open your Center. Under the Incentive Program, provided you are in full compliance with the Franchise Agreement, including making all payments of fees and other amounts to us and our affiliates on time, you are eligible to receive a 50 percent rebate of the Royalty paid to us during the first year of operations and a 25 percent rebate of the Royalty paid to us during the second year of operations.

***The Advertising Contribution. Franchisee shall spend a minimum average of 4% of the total amount of monthly Gross Revenues on local advertising, and a contribution of 0.5% for a system-wide “National Materials Fund” for our use in promoting and building the SpeeDee brand. We reserve the right to increase the required contribution to the NMF to 1% of Gross Revenues.

Incentives

Discounts for Veterans and First Responders: Initial Franchise Fee is reduced to $29,900 for a single SpeeDee Center. Veterans who meet additional qualifications may also be eligible for a royalty rebate.

Discounts for multi-unit operators: Franchise fees are discounted to $20,000 for the second SpeeDee center opened, and $15,000 for each additional SpeeDee Center you intend to open under the Multi-Unit Agreement. Multi-Unit franchisees must open a minimum of three SpeeDee Centers.

Discounts for conversion owners: The Initial Franchise Fee is reduced to $20,000 for your first location you are converting to a SpeeDee Center, and $10,000 for each additional location that is open and operating and you convert to a SpeeDee Center; provided that if you are an existing Franchisee converting another location or locations to a SpeeDee Center, the Initial Franchise Fee shall be $10,000 for each location you convert. If you meet additional qualifications, you may also be eligible for a royalty rebate.

Startup Costs

Estimated initial investment for a single Brownfield location¹

NOTE 1: General. The high and low ranges in the chart are based on a single Franchise Agreement and to retrofit the location for a three-bay tandem to a six-bay Center using current brand standards. The low ranges in the chart assume you are purchasing a Conversion franchise which is already in the quick lube business, in which case you may not need to incur all of these expenses.

Initial Franchise Fee²

$10,000 ^(LOW) | $39,900 ^(HIGH)

Method of Payment:

Lump Sum

When Due:

When you sign the Franchise Agreement

To Whom Payment is Made:

FullSpeed Automotive

Initial Franchise Fee. The Initial Franchise Fee for a single SpeeDee Center is $39,900. If you are a Conversion Owner, the Initial Franchise Fee is $20,000. If you are a Veteran or First Responder, the Initial Franchise Fee is $29,900. We offer a reduced Initial Franchise Fee of $20,000 for existing franchisees (unless you are also an existing franchisee that is converting an open and operating competitive business to a SpeeDee Center, then the Initial Franchise Fee is further reduced to $10,000). Item 5 has more information on the Initial Franchise Fee.

Lease and Real Estate³

$14,000 ^(LOW) | $50,000 ^(HIGH)

Method of Payment:

As Agreed

When Due:

As specified in Lease

To Whom Payment is Made:

Third Parties

Lease, Real Estate and Improvements. A common arrangement used by franchisees is to secure a triple net lease through which you will pay all the expenses of the property, including real estate taxes, building insurance, and maintenance (“NNN”) for an existing automotive building. In this type of a lease, the landlord may pay some or all of the tenant improvement costs, which could lower your costs of construction. Your rent rate is based in part on those costs. If property is owned by a third party and leased to you, we estimate the rent for the first month to be in a range of $3,500 to $9,000 for a three-bay tandem to six-bay unit and the security deposit is usually equal to one month’s rent. Rates may be higher in certain areas of the country. The chart shows three months’ rent and a security deposit equal to one month’s rent. If you propose a site that was an existing automotive building to be reviewed and approved by us that is for sale and you choose to retrofit that site, the estimated cost to purchase a site for a SpeeDee Center ranges from approximately $350,000 to $2,400,000 for the land and building. You need a site of approximately 43,000 square feet, but smaller sites may be acceptable. Smaller sites may be used if there is adjoining common usage space such as a shopping center. The standard three-bay tandem building is approximately 71 feet by 32 feet and contains approximately 2,272 square feet on the main level of the building (the basement is not included in the 2,272 square foot estimate). Your building should have drive-through capability and an in-ground car service basement area unless we authorize you to use a different configuration, such as shallow pits and/or auto-service pits rather than an in-ground car service basement area. Preferred sites are located on major streets or within high volume shopping areas. Acceptable levels of vehicle traffic, population size and demographics of an area may vary from location to location. You must negotiate your lease, or financing for the purchase, of the real estate and the construction or retrofitting of a building to a SpeeDee Center designed to meet our specifications. If you purchase an existing SpeeDee Center from an existing SpeeDee franchisee, you will be required to sign a Deferred Maintenance Agreement which requires the buyer or seller of the SpeeDee Center to repair conditions of the Center identified in our inspection of the Center within 90 days of the purchase.

In the past SWRC has leased the premises of the SpeeDee Center from a third party and then subleased the premises to franchisees on terms agreed to between the franchisee and SWRC. SWRC no longer leases and then subleases new locations for SpeeDee Centers. However, if you acquire an existing SpeeDee Center through a transfer, you may be required to either assume the existing sublease or enter into a new sublease for the premises from SWRC. Our current form of sublease is attached to the Franchise Disclosure Document. If you sign a sublease, your sublease may contain different terms specific to your location.

Leasehold Improvements³

$60,000 ^(LOW) | $300,000 ^(HIGH)

Method of Payment:

As Agreed

When Due:

As Incurred

To Whom Payment is Made:

Third Parties

Lease, Real Estate and Improvements. A common arrangement used by franchisees is to secure a triple net lease through which you will pay all the expenses of the property, including real estate taxes, building insurance, and maintenance (“NNN”) for an existing automotive building. In this type of a lease, the landlord may pay some or all of the tenant improvement costs, which could lower your costs of construction. Your rent rate is based in part on those costs. If property is owned by a third party and leased to you, we estimate the rent for the first month to be in a range of $3,500 to $9,000 for a three-bay tandem to six-bay unit and the security deposit is usually equal to one month’s rent. Rates may be higher in certain areas of the country. The chart shows three months’ rent and a security deposit equal to one month’s rent. If you propose a site that was an existing automotive building to be reviewed and approved by us that is for sale and you choose to retrofit that site, the estimated cost to purchase a site for a SpeeDee Center ranges from approximately $350,000 to $2,400,000 for the land and building. You need a site of approximately 43,000 square feet, but smaller sites may be acceptable. Smaller sites may be used if there is adjoining common usage space such as a shopping center. The standard three-bay tandem building is approximately 71 feet by 32 feet and contains approximately 2,272 square feet on the main level of the building (the basement is not included in the 2,272 square foot estimate). Your building should have drive-through capability and an in-ground car service basement area unless we authorize you to use a different configuration, such as shallow pits and/or auto-service pits rather than an in-ground car service basement area. Preferred sites are located on major streets or within high volume shopping areas. Acceptable levels of vehicle traffic, population size and demographics of an area may vary from location to location. You must negotiate your lease, or financing for the purchase, of the real estate and the construction or retrofitting of a building to a SpeeDee Center designed to meet our specifications. If you purchase an existing SpeeDee Center from an existing SpeeDee franchisee, you will be required to sign a Deferred Maintenance Agreement which requires the buyer or seller of the SpeeDee Center to repair conditions of the Center identified in our inspection of the Center within 90 days of the purchase.

In the past SWRC has leased the premises of the SpeeDee Center from a third party and then subleased the premises to franchisees on terms agreed to between the franchisee and SWRC. SWRC no longer leases and then subleases new locations for SpeeDee Centers. However, if you acquire an existing SpeeDee Center through a transfer, you may be required to either assume the existing sublease or enter into a new sublease for the premises from SWRC. Our current form of sublease is attached to the Franchise Disclosure Document. If you sign a sublease, your sublease may contain different terms specific to your location.

Equipment, Furniture, Tools and Installation⁴

$75,000 ^(LOW) | $245,500 ^(HIGH)

Method of Payment:

As Agreed

When Due:

As Incurred

To Whom Payment is Made:

Third Parties

Equipment, Furniture, Tools and Installation. This amount includes storage tanks. Assuming you can establish a creditworthiness acceptable to third parties, financing through third parties may be available. Certain of these prices may vary due to fluctuations in the price of steel. A breakdown of these estimated costs is as follows:

	Low	High
Equipment	$29,000	$133,100
Storage Tanks	$10,200	$17,000
Installation	$12,500	$35,000
Filter Crusher	$1,300	$1,700
Tools	$2,500	$8,000
Vacuum	$400	$2,300
Radiator Flush	$1,400	$4,000
Furniture	$2,000	$4,000
Transmission Fluid Machine	$3,700	$8,500
Air Conditioning Equipment	$3,900	$8,500
Tire Rotation	$6,800	$20,400
Service Pit Covers	$1,300	$3,000
Subtotal	$75,000	$245,500

Grand Opening Costs⁵

$10,000 ^(LOW) | $10,000 ^(HIGH)

Method of Payment:

As Agreed

When Due:

As Incurred

To Whom Payment is Made:

FullSpeed Automotive or Third Parties

Grand Opening Costs. You must plan to spend a minimum of $10,000 on your Grand Opening, not including labor, cost of goods and discounts or special offers. You will plan the Grand Opening with us or our designee, and it will include advertising and promotional campaigns to be conducted at or around the time your Center opens or within 30 days of opening and will last for as long as four to six months. Within 30 days after the completion of your Grand Opening, you will submit a summary of your expenditures for the Grand Opening. We may provide the Grand Opening services to you (Item 11). If we provide such Grand Opening services, you will pay to us the Grand Opening Costs at the time you secure a Location (Item 5).

Initial Inventory⁶

$14,500 ^(LOW) | $25,000 ^(HIGH)

Method of Payment:

As Agreed

When Due:

As Incurred

To Whom Payment is Made:

Third Parties

Signs⁷

$10,000 ^(LOW) | $35,000 ^(HIGH)

Method of Payment:

As Agreed

When Due:

As Incurred

To Whom Payment is Made:

Third Parties

Supplies

$2,000 ^(LOW) | $4,000 ^(HIGH)

Method of Payment:

As Agreed

When Due:

As Incurred

To Whom Payment is Made:

Third Parties

Initial Training - Travel & Lodging Expenses⁸

$2,500 ^(LOW) | $5,000 ^(HIGH)

Method of Payment:

As Agreed

When Due:

As Incurred

To Whom Payment is Made:

Third Parties

Computer Hardware and Software⁹

$12,500 ^(LOW) | $19,500 ^(HIGH)

Method of Payment:

As Agreed

When Due:

As Agreed

To Whom Payment is Made:

Third Parties

Computer Hardware and Software; POS Maintenance Fee. The estimated initial investment includes costs related to the purchase of computer hardware and software and the ongoing POS Maintenance Fee for the first three months of operations. We reserve the right to require that you purchase hardware and proprietary software from a vendor approved by us and which has been developed for use in the operation of SpeeDee Centers.

Point of Sale Maintenance Fee⁹

$2,316 ^(LOW) | $4,152 ^(HIGH)

Method of Payment:

As Agreed

When Due:

As Agreed

To Whom Payment is Made:

Third Parties

Computer Hardware and Software; POS Maintenance Fee. The estimated initial investment includes costs related to the purchase of computer hardware and software and the ongoing POS Maintenance Fee for the first three months of operations. We reserve the right to require that you purchase hardware and proprietary software from a vendor approved by us and which has been developed for use in the operation of SpeeDee Centers.

Prepaid Expenses¹⁰

$2,000 ^(LOW) | $3,000 ^(HIGH)

Method of Payment:

Cash

When Due:

As Agreed

To Whom Payment is Made:

Third Parties

Additional Funds (3 months)¹¹

$40,000 ^(LOW) | $80,000 ^(HIGH)

Method of Payment:

As Agreed

When Due:

As Incurred

To Whom Payment is Made:

Third Parties

Additional Funds. This amount includes estimated operating expenses you should expect to incur during the first three months of operations. It includes payroll costs (but not a draw or salary for you), taxes, utilities, advertising, rent, accounting and other professional fees, and other operational expenses that are not covered by sales revenue. You may have additional expenses starting your business. Your costs depend on several factors, including how much you follow our methods and procedures, your management skill, experience and business acumen, local economic conditions, the local market for our products and services, the prevailing wage rate, competition and the sales level reached during the initial period. This is only an estimate; there is no guarantee that the amounts specified will be adequate or that additional investment will not be necessary during the first three months of operations or afterwards. There is no assurance that you will have reached “break-even” or any other financial level by the end of three months and you may need additional capital.

Total Estimated Initial Investment¹²

$254,816 ^(LOW) | $821,052 ^(HIGH)

Total Estimated Initial Investment. Because the ranges in the chart are only estimates and are subject to economic and inflationary conditions, it is possible both to reduce and exceed the estimated range of costs listed in each item of the chart. In certain major metropolitan areas, actual costs may substantially exceed the high range estimates in the chart. You should review these figures carefully with a business advisor or other professionals before making any decision to purchase a franchise.

MULTI-UNIT AGREEMENT ^{1, 2, 3}

Multi-Unit Fee¹

$35,000 ^(LOW) | $35,000 ^(HIGH)

Method of Payment:

Lump Sum

When Due:

When you sign the Multi-Unit Agreement

To Whom Payment is Made:

Us

Multi-Unit Franchisees must open a minimum of three SpeeDee Centers. You will sign a Franchise Agreement for your initial SpeeDee Center and pay the Initial Franchise Fee noted above for that Center, and then also sign a Multi-Unit Agreement which will designate how many additional Centers you will develop, and pay a Multi-Unit Fee equal to a reduced Initial Franchise Fee of $20,000 for the second SpeeDee Center, and $15,000 for each additional SpeeDee Center you intend to open under the Multi-Unit Agreement. The chart shows the Multi-Unit Fee for the minimum two additional SpeeDee Centers that must be opened under the Multi-Unit Agreement. The Multi-Unit Agreement must be paid in full when you sign the Multi-Unit Agreement and is not refundable under any circumstances, even if you fail to open any SpeeDee Centers. Item 5 in the Franchise Disclosure Document has more information about your Multi-Unit Fee.

Multi-Unit Franchisees do not receive a protected development in which to locate and develop their SpeeDee Centers. Each Franchised Location under a Multi-Unit Agreement may be located in any city, county or state. You must obtain our prior written approval of the location for your Franchised Location based on our then-applicable criteria.

This chart does not include the initial investment to open each of the Centers under the Multi-Unit Agreement. The initial investment for opening your first SpeeDee Center is described separately in the first chart of Item 7.

How Much Can I Make?

$2,443,894^*

Average net sales for Top Quartile of sales revenue averages

$497,979^*

EBITDAR for Top Quartile of sales revenue averages

*These numbers include a historic financial performance representation for the calendar year 2023 from franchisee-owned Centers in the top 25% of SpeeDee Centers in the U.S. that, in each case, were in operation for more than one year as of Dec. 31, 2023, operated the entire calendar year 2023, and who provided complete Profit and Loss statements to us (Subset). Only those Centers that fall within the Subset are included.

The 2023 Top 25% Centers include 11 Centers, of which 5 (or 45%) exceed the average net sales of that group. Some outlets have earned this amount. Your individual results may differ. There is no assurance that you'll earn as much (based on average sales for SpeeDee Centers in the top quartile of franchise-owned SpeeDee Centers for fiscal year 2023. This information appears in our 2023 FDD under Item 19.

Sales revenue averages for franchisee-owned units

The data above includes a historic financial performance representation for the calendar year 2023 from franchisee-owned Centers located in the United States that, in each case, were in operation for more than one year as of Dec. 31, 2023, operated the entire calendar year 2023, and who provided complete Profit and Loss Statements to us ("Subset"). Only those Centers that fall within the Subset are included.

The data includes a historic financial performance representation from 42 franchisee-owned Centers. The total number of franchisee-owned Centers located in the United States as of Dec. 31, 2023, was 61. Centers that are not shown in our data set include Centers that commenced operations during calendar year 2023 or otherwise did not operate for the entire calendar year 2023, Centers that were involved in transfers during calendar year 2023 and thus the current owners did not operate for the entire calendar year 2023, and Centers for which complete Profit and Loss Statements were not provided to us. Eight franchisee-owned Centers closed during the year 2023, none of which were opened for less than 12 months.

More details can be found in the Item 19 section of our Franchise Disclosure Document.

Path To ownership

SpeeDee Oil Change & Auto Service^® has designed a process to help you learn more about the brand – and for us to learn about you – before any franchise agreements are signed. We want to make sure franchisees are set up for success. Here’s an outline of our process.

Step 1: Initial Conversation

After you fill out a contact form on this site, we’ll reach out for a short conversation to confirm that you are likely to qualify for the opportunity and that your desired territory is available. We’ll want to know about your background and goals as well.

Step 2: Franchise Qualification Questionnaire

Next, we’ll ask you to fill out a secure questionnaire with details about your assets, business experience, and Social Security info. This allows us, later in the process, to perform a simple background check, which is an important way that we protect the value of the brand for all franchisees. If everything looks good, we’ll start digging into the details of the opportunity.

Step 3: We’ll send our Franchise Disclosure Document (FDD)

We will send you our Franchise Disclosure Document and will need you to verify receipt. Per Federal Trade Commission rules, you won’t be allowed to sign a franchise agreement until at least 14 days after you acknowledge receipt of the FDD.

Step 4: FDD review

The FDD outlines the terms of the franchise agreement, provides background about the company and leadership, and offers details about costs, fees, and historic revenue. The format is dictated by the Federal Trade Commission, so there’s a fair bit of legal language. We’ll walk you through the document and will answer any questions you have about the various sections and terms.

Step 5: Validation

We will give you the names and phone numbers of all SpeeDee franchisees so you can ask them questions about the brand and their performance. Feel free to ask any questions you may have, but our primary role is to help facilitate conversations with anyone you’d like to reach.

Step 6: Discovery Day

You’ll meet the SpeeDee Oil Change & Auto Service® and FullSpeed Automotive® leadership teams. You’ll hear about our vision for growth, and department heads will walk you through the support that they provide franchisees. We encourage you to ask questions.

Step 7: FARE Approval

The FARE committee will evaluate whether they consider you a strong fit for the brand. If so, you’ll be offered a Franchise Agreement.

Step 8: Franchise Agreement Awarded

You’ll be sent the agreements to review and sign.

Step 9: Franchise Agreement Signed / Franchise Fee Paid

Once we have your signed agreement, and received your franchise fee, it’s full speed ahead!

Step 10: Onboarding Call!

We’ll schedule an onboarding call and begin the process of making your new business a reality!

Qualifications for Ownership

Financial

Personal

Fees (plain and simple)

Incentives

Startup Costs

Estimated initial investment for a single Brownfield location1

Initial Franchise Fee2

Lease and Real Estate3

Leasehold Improvements3

Equipment, Furniture, Tools and Installation4

Grand Opening Costs5

Initial Inventory6

Signs7

Supplies

Initial Training - Travel & Lodging Expenses8

Computer Hardware and Software9

Point of Sale Maintenance Fee9

Prepaid Expenses10

Additional Funds (3 months)11

Total Estimated Initial Investment12

MULTI-UNIT AGREEMENT 1, 2, 3

Multi-Unit Fee1

How Much Can I Make?

$2,443,894*

$497,979*

Path To ownership

Step 1: Initial Conversation

Step 2: Franchise Qualification Questionnaire

Step 3: We’ll send our Franchise Disclosure Document (FDD)

Step 4: FDD review

Step 5: Validation

Step 6: Discovery Day

Step 7: FARE Approval

Step 8: Franchise Agreement Awarded

Step 9: Franchise Agreement Signed / Franchise Fee Paid

Step 10: Onboarding Call!

Qualifications for
Ownership

Estimated initial investment for a single Brownfield location¹

Initial Franchise Fee²

Lease and Real Estate³

Leasehold Improvements³

Equipment, Furniture, Tools and Installation⁴

Grand Opening Costs⁵

Initial Inventory⁶

Signs⁷

Initial Training - Travel & Lodging Expenses⁸

Computer Hardware and Software⁹

Point of Sale Maintenance Fee⁹

Prepaid Expenses¹⁰

Additional Funds (3 months)¹¹

Total Estimated Initial Investment¹²

MULTI-UNIT AGREEMENT ^{1, 2, 3}

Multi-Unit Fee¹

$2,443,894^*

$497,979^*