Franchise Summary
Description
SpeeDee Oil Change & Auto Service businesses provide oil changes and preventive maintenance services for cars and trucks to the general public.
Company Background
SpeeDee Oil Change & Auto Service is the nation's largest full service, drive-thru oil change company. We provide convenient and affordable preventive maintenance services for cars and trucks to the general public both in our SpeeDee Business(es) as well as at home or work. With over 50 years of experience, we've perfected how to keep your car running like new!
Franchise Opportunity
Oil changes are expensive, and it's hard to know if you're getting a good deal. At SpeeDee we offer the lowest prices for oil changes in town with our $19.99 special. We also give you free car washes, coffee, and Wi-Fi to make your wait enjoyable. And as an added bonus, we even vacuum your car! Our business model is simple. We charge customers less than other oil change businesses while providing them with more value through additional services at no extra cost (free car wash & vacuum). This way we can keep our costs low and pass those savings on to our customers so they get a great price on their service every time they visit us!
Corporate Structure
SpeeDee Worldwide, LLC was formed as a Delaware corporation, SpeeDee Worldwide Corporation on February 1, 2008, and was converted into a Delaware limited liability company, SpeeDee Worldwide, LLC, on January 30, 2017. They operate under the names SpeeDee Worldwide, LLC, SpeeDee Oil Change & Auto Service and SpeeDee and no other name. Their principal business address is 5575 DTC Parkway, Suite 100, Greenwood Village, Colorado 80111. They, and their predecessors and affiliates began offering franchises for SpeeDee Businesses in 1986.
Royalties and Marketing Fees
Royalties : 6.0% of revenue
Earnings Transparency
This Franchise discloses slightly more information about the financial performance of their franchisees compared to other franchises in the same industry
Why do some franchises disclose more than others?
There are many reasons why a brand may choose to not include item 19 on their FDD: they could be a newer franchise, they may be in a unique industry that is not super profitable or well-known yet
Financial Performance of "Standard" Units
Average Revenue Per Unit
Compared vs. Automotive Industry$679,682 / unit
Franchise Type: Standard
Average Revenue During 2018
Average Gross Profit Per Unit
Compared vs. Automotive Industry$297,858 / unit
Franchise Type: Standard
Average Gross Profit During 2018
Franchise Types Available
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Employee Contact Database
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Distribution of SpeeDee Oil Change & Auto Service Franchisees
SpeeDee Oil Change & Auto Service Franchise System Development in 2024
FAQ
How much investment do I need to start my own SpeeDee Oil Change & Auto Service business?
Franchisees typically require at least $291,320 to $1,972,033 investment to get their SpeeDee Oil Change & Auto Service business started
What are the initial franchise fees for SpeeDee Oil Change & Auto Service?
Franchisees typically need to pay at least $30,000 in fees directly to SpeeDee Oil Change & Auto Service in order to earn the right to launch their business
How much money can I make with a SpeeDee Oil Change & Auto Service franchise? What are
the average revenues for a typical SpeeDee Oil Change & Auto Service business?
We estimate that the average revenue of an individual
SpeeDee Oil Change & Auto Service unit is approximately
$679,682. We based this on Item 19 in franchise disclosure
document
How long do I need to commit to running a SpeeDee Oil Change & Auto Service unit? What
is my contractual commitment?
SpeeDee Oil Change & Auto Service franchisees are typically required to sign up to a
15 year contract initially. The renewal length
is 15 years. You can of course exit early but
don’t expect to get any refund!
Accessibility
The Franchisor's investment costs ranges from
$291,320 to $1,972,033
which is
Much Higher
than the $0 to $0 average in the Automotive industry
What determines the investment cost?
Item 7 of the Franchise Disclosure Document lays out the full list of initial investment costs, including the fee payable to the franchisor, security deposits, equipment, professional fees etc
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