Speedy Transmission vs Mr. Lube Franchise Comparison

Below is an in-depth analysis and side-by-side comparison of Speedy Transmission vs Mr. Lube including start-up costs and fees, business experience requirements, training & support and financing options.

Start-Up Costs and Fees
 
Speedy Transmission Franchise
Mr. Lube Franchise
Investment $83,500 - $108,000$300,000 - $500,000
Franchise Fee $24,500$50,000
Royalty Fee 7%-
Advertising Fee --
Year Founded 19831976
Year Franchised 1984-
Term Of Agreement 20 years-
Term Of Agreement 20 years-
Renewal Fee 50% of initial franchise fee-


Business Experience Requirements
 
Speedy Transmission Franchise
Mr. Lube Franchise
Experience
  • General business experience
  • Marketing skills
    		• -

    Financing Options
     
    Speedy Transmission Franchise
    Mr. Lube Franchise
      In-House/3rd PartyIn-House/3rd Party
    Franchise Fees No/No-/-
    Start-up Costs No/No-/-
    Equipment No/Yes-/-
    Inventory No/No-/-
    Receivables No/No-/-
    Payroll No/No-/-

    Training & Support
     
    Speedy Transmission Franchise
    Mr. Lube Franchise
    Training Weekend training classes-
    Support Newsletter, Meetings, Toll-free phone line, Grand opening, Internet, Field operations/evaluations-
    Marketing Ad slicks, Regional advertising-
    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)

    		-

    Expansion Plans
     
    Speedy Transmission Franchise
    Mr. Lube Franchise
    US Expansion Yes-
    Canada Expansion No-
    International Expansion 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 Mr. Lube

    With 92 stores and growing, Mr. Lube Canada is the industry leader in Canada's franchise automotive maintenance market. 100% Canadian owned, Mr. Lube Canada is committed to providing a franchise system offering a range of premium vehicle maintenance services in a clean, efficient, first-class manner at convenient retail outlets.

    "Top
    #18 in Canada's Top franchises.