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Below is an in-depth analysis and side-by-side comparison of Speedee Oil Change & Tune-Up vs Lubepro's International Inc. including start-up costs and fees, business experience requirements, training & support and financing options.
Start-Up Costs and Fees |
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Investment | $188,305 - $527,970 | $223,000 - $274,000 |
Franchise Fee | $35,000 | $32,000 |
Royalty Fee | 6% | 5% |
Advertising Fee | 6% | 5% |
Year Founded | 1980 | 1978 |
Year Franchised | 1982 | 1985 |
Term Of Agreement | - | 20 Years +10+10 |
Term Of Agreement | - | 20 Years +10+10 |
Renewal 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 | Yes/Yes | -/- |
Start-up Costs | Yes/Yes | -/- |
Equipment | Yes/Yes | -/- |
Inventory | Yes/Yes | -/- |
Receivables | Yes/Yes | -/- |
Payroll | Yes/Yes | -/- |
Training & Support |
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Training | - | 1. Rockford, IL 10 Days 2. In-Store 7 Days |
Support | - | Field Operation Evaluation Field Training Initial Store Opening Regional or National Meetings 800 Telephone Hotline |
Marketing | - | - |
Operations | - | Average Number of Employees: 9 Full-time, 0 Part-time Passive Ownership: Allowed |
Expansion Plans |
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US Expansion | - | Yes |
Canada Expansion | No | - |
International Expansion | No | - |