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Updated RecentlySpeedy Transmission vs Victory Lane Quick Oil Change Franchise Comparison
Below is an in-depth analysis and side-by-side comparison of Speedy Transmission vs Victory Lane Quick 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 | $137,000 - $532,000 |
| Franchise Fee | $24,500 | $30,000 |
| Royalty Fee | 7% | 6% |
| Advertising Fee | - | 2% |
| Year Founded | 1983 | 1980 |
| Year Franchised | 1984 | 1986 |
| Term Of Agreement | 20 years | 10 years |
| Term Of Agreement | 20 years | 10 years |
| Renewal Fee | 50% of initial franchise fee | $4500 |
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/No |
| Start-up Costs | No/No | No/Yes |
| Equipment | No/Yes | No/Yes |
| Inventory | No/No | No/No |
| Receivables | No/No | No/No |
| Payroll | No/No | No/No |
Training & Support |
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| 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 |
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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 Victory Lane Quick Oil Change
Enter An Exciting Industry That Offers Great Opportunities!
Victory Lane Quick Oil Change, Inc. is your entrance into a solid, recession proof industry that has strong consumer demand! Become part of one of the best quick lube franchise opportunities in the United States. Every car owner needs it's oil changed, and with more demands on Americans’ time than ever before, the increase in population growth, and stringent government regulations on used oil disposal, the demand for do-it-for-me quick oil changes has increased significantly.
Think of all the new neighborhoods being developed. For each new home built, there are 1, 2, 3, 4 or more drivers with vehicles, and each of these cars needs its oil changed an average of 3.7 times a year, according to the Automotive Oil Change Association. This means that new customers are literally moving into your area all the time, and just waiting for a Victory Lane Quick Oil Change center to open and change their oil and major automotive fluids. Could you be the quick oil change franchisee they are looking for?
The American dream is still alive and we’re living it. Come join us!
The total investment necessary to begin operation of a single Victory Lane Center is $137,000 to $412,000. This includes $44,500 to $51,000
that must be paid to the franchisor or its affiliates.
The total investment necessary to begin 3 to 5 Victory Lane Centers under our Area Development Program is $167,500 to $532,000, including total investment for one Victory Lane Center. This includes $79,500 to $219,500 (based on 2 to 5 VICTORY LANE® Centers) that must be paid to the Franchisor or affiliate.
The total investment necessary to begin 3 to 5 Victory Lane Centers under our Area Development Program is $167,500 to $532,000, including total investment for one Victory Lane Center. This includes $79,500 to $219,500 (based on 2 to 5 VICTORY LANE® Centers) that must be paid to the Franchisor or affiliate.