Speedy 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

 
Speedy Transmission Franchise
Valvoline Instant Oil Change Franchise
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 19831986
Year Franchised 19841988
Term Of Agreement 20 years15 years
Term Of Agreement 20 years15 years
Renewal Fee 50% of initial franchise fee-


Business Experience Requirements

 
Speedy Transmission Franchise
Valvoline Instant Oil Change Franchise
Experience
  • General business experience
  • Marketing skills

  • General business experience

  • Financing Options

     
    Speedy Transmission Franchise
    Valvoline Instant Oil Change Franchise
      In-House/3rd PartyIn-House/3rd Party
    Franchise Fees No/NoNo/Yes
    Start-up Costs No/NoNo/Yes
    Equipment No/YesYes/No
    Inventory No/NoNo/Yes
    Receivables No/NoNo/No
    Payroll No/NoNo/Yes

    Training & Support

     
    Speedy Transmission Franchise
    Valvoline Instant Oil Change Franchise
    Training Weekend training classes-
    Support Newsletter, Meetings, Toll-free phone line, Grand opening, Internet, Field operations/evaluationsNewsletter, Meetings, Toll-free phone line, Grand opening, Security/safety procedures, Field operations/evaluations
    Marketing Ad slicks, Regional advertisingAd 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

     
    Speedy Transmission Franchise
    Valvoline Instant Oil Change Franchise
    US Expansion Yes-
    Canada Expansion NoNo
    International Expansion NoNo

    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.

    "Entrepreneur

    #57 in Franchise 500 for 2020.
    #20 in Franchise 500 for 2021.