Qualifications forĀ 
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.
Grease Monkey Fees

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.

Grease Monkey Incentives

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)Ā  Ā | $39,900 (HIGH)

Method of Payment:

Lump Sum

When Due:

When you sign the Franchise Agreement

To Whom Payment is Made:

FullSpeed Automotive

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

Leasehold Improvements3

$60,000 (LOW)   | $300,000 (HIGH)

Method of Payment:

As Agreed

When Due:

As Incurred

To Whom Payment is Made:

Third Parties

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

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

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

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

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

Total Estimated Initial Investment12

$254,816 (LOW)   | $821,052 (HIGH)


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

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.

How Much Can I Make?

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, weā€™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. Weā€™ll want to know about your background and goals as well.

Step 2: Franchise Qualification Questionnaire

Next, weā€™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, weā€™ll start digging into the details of the opportunity.

Step 3: Weā€™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 wonā€™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 thereā€™s a fair bit of legal language. Weā€™ll walk you through the document and will answer any questions

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 youā€™d like to reach.

Step 6: Discovery Day

Youā€™ll meet the SpeeDee Oil Change & Auto ServiceĀ® and FullSpeed AutomotiveĀ® leadership teams. Youā€™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.Ā  If so, youā€™ll be offered a Franchise Agreement.

Step 8: Franchise Agreement Awarded

Youā€™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, itā€™s full speed ahead!

Step 10: Onboarding Call!

Weā€™ll schedule an onboarding call and begin the process of making your new business a reality!