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Updated RecentlySpeedy Transmission vs Valvoline Instant Oil Change Franchise Comparison
Below is an in-depth analysis and side-by-side comparison of Speedy Transmission vs Valvoline Instant Oil Change including start-up costs and fees, business experience requirements, training & support and financing options.
Start-Up Costs and Fees |
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| Investment | $83,500 - $108,000 | $181,000 - $3,158,500 |
| Franchise Fee | $24,500 | $30,000 |
| Royalty Fee | 7% | 4-6% |
| Advertising Fee | - | 3% |
| Year Founded | 1983 | 1986 |
| Year Franchised | 1984 | 1988 |
| Term Of Agreement | 20 years | 15 years |
| Term Of Agreement | 20 years | 15 years |
| Renewal Fee | 50% of initial franchise fee | - |
Business Experience Requirements |
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| Experience | ||
Financing Options |
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| In-House/3rd Party | In-House/3rd Party | |
| Franchise Fees | No/No | No/Yes |
| Start-up Costs | No/No | No/Yes |
| Equipment | No/Yes | Yes/No |
| Inventory | No/No | No/Yes |
| Receivables | No/No | No/No |
| Payroll | No/No | No/Yes |
Training & Support |
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| Training | Weekend training classes | - |
| Support | Newsletter, Meetings, Toll-free phone line, Grand opening, Internet, Field operations/evaluations | Newsletter, Meetings, Toll-free phone line, Grand opening, Security/safety procedures, Field operations/evaluations |
| Marketing | Ad slicks, Regional advertising | Ad slicks |
| Operations |
0% of all franchisees own more than one unit Number of employees needed to run franchised unit: 4 Absentee ownership of franchise is allowed. (100% of current franchisees are owner/operators) |
40% of all franchisees own more than one unit Number of employees needed to run franchised unit: 4 Absentee ownership of franchise is allowed. (97% of current franchisees are owner/operators) |
Expansion Plans |
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| US Expansion | Yes | - |
| Canada Expansion | No | No |
| International Expansion | No | No |
Company Overviews
About Speedy Transmission
D'Arcy Williams founded Speedy Transmission Centers in 1983. The company began franchising in 1984, with its first franchise location in Syracuse, New York.
Based in Delray Beach, FL, Speedy Transmission Centers now has locations in several states, including centers in Florida, Georgia and Puerto Rico.
About Valvoline Instant Oil Change
We’re passionate about cars, as you might expect. But we’re really in the business of taking care of people. At Valvoline Instant Oil Change (VIOC) people are our greatest asset.
We bring the quality
of the Valvoline brand to the do-it-for-me quick lube customer. Today we
have 900+ VIOC locations coast to coast, and we serve
9 million
customers a year. We don’t just change oil; we protect one of our
customers’ most valuable investments. Because they rely on their
vehicles, they rely on Valvoline Instant Oil Change.
Valvoline Instant Oil Change is a division of The Valvoline Co. and was created in 1986 with the purchase of quick-lube centers throughout New York, Minneapolis and Michigan. The public company began franchising in 1988 and is based in Lexington, Kentucky.
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#57 in Franchise 500 for 2020.
#20 in Franchise 500 for 2021.