SpeeDee is one of the best franchises to own for smart diversification
If you’re a multi-unit franchise owner or investor thinking about diversifying your portfolio, let’s discuss the benefits of the SpeeDee Oil Change & Automotive Service® franchise. Buying a SpeeDee franchise is an opportunity that empowers you to tap into a lucrative market, a proven business model, and a service that’s always in demand, making it one of the best franchises to own.
We’re looking for multi-unit, well-capitalized candidates, who share our focus on high growth, to move our brands forward. While we have locations nationwide, we still have huge growth potential, opportunities for multi-unit development, and flexible development options to help you take advantage of opportunities.
A strategy for growth and stability
Building a diverse franchise portfolio is a proven way to mitigate risk, optimize profitability, and create long-term financial stability. By spreading investments across industries — such as quick-service restaurants and automotive oil changes — you safeguard your businesses against economic fluctuations in any single sector.
When you’re looking for the best franchises to own, think about combining different industries to balance out the highs and lows of economic cycles. It allows one business to support the others if one slows down. A diverse portfolio also helps you navigate challenges that impact only specific industries.
Why SpeeDee is one of the best franchises to own
SpeeDee’s leadership and development teams have decades of experience in both franchising and the aftermarket automotive industry, and have built systems and support teams to help franchisees and their teams quickly get up to speed.
Strong financials, small staff
Margins are strong. Average net sales for fiscal 2023 were $2,443,894* for the top quartile of franchisees, and average EBITDAR for fiscal 2023 was $497,979* for the top quartile.Â
Another advantage is that unlike other franchises such as fast food operators, running a SpeeDee doesn’t take a large team. A typical store has a full-time manager and eight to 10 other employees.
Lucrative growth
SpeeDee is committed to intelligent growth. We set up our franchisees to grow and scale the business smartly, and we manage franchise areas to prevent oversaturation. This approach empowers franchisees to flourish.
SpeeDee has committed to high growth. While most large oil change chains have stagnated, we expect to open hundreds of locations in the coming years. If you are looking to take on a swath of territory, we should talk.
Proven business model
Founded in 1980, SpeeDee has established itself as a trusted and recognized brand. We offer operational efficiency and consistent service delivery across franchise locations. Our well-established framework consistently generates positive results for franchisees.
Always in demand
Automotive services are always in demand, providing a steady and reliable source of revenue.
Unlike many businesses, SpeeDee stayed open during the pandemic because it’s considered an essential business. In addition, when the economy is down or uncertain, people keep their cars longer. And older cars need more maintenance.
More information
With growth opportunities, a proven business model, and a recession-resistant business, SpeeDee provides a solid foundation. We’re one of the best franchises to own.
Learn more about us and our investment opportunities by contacting our team.
*Based on franchisee-owned SpeeDee centers that were in the Top Quartile of sales revenue averages for fiscal year 2023. This information appears in our 2024 FDD under Item 19.