Speedy Transmission vs Econo Lube N' Tune Franchise Comparison

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

Start-Up Costs and Fees
 
Speedy Transmission Franchise
Econo Lube N' Tune Franchise
Investment $83,500 - $108,000$145,135 - $201,690
Franchise Fee $24,500$29,500
Royalty Fee 7%5%
Advertising Fee -6%
Year Founded 19831973
Year Franchised 19841973
Term Of Agreement 20 years20 years
Term Of Agreement 20 years20 years
Renewal Fee 50% of initial franchise fee-


Business Experience Requirements
 
Speedy Transmission Franchise
Econo Lube N' Tune Franchise
Experience
  • General business experience
  • Marketing skills
    		• -

    Financing Options
     
    Speedy Transmission Franchise
    Econo Lube N' Tune 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
    Econo Lube N' Tune 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
    Econo Lube N' Tune 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 Econo Lube N' Tune

    Econo Lube N' Tune & Brake's "turn-key" process is as simple as it sounds. If you are approved for a franchise and successfully complete the intensive initial training program - you'll simply "turn-the-key" and step into a fully staffed, equipped and operationally ready Econo Lube N' Tune & Brakes automotive service center, though we also provide you a credit which you can use to make additional cosmetic improvements. Econo Lube N' Tune & Brakes has existing centers as well as new locations available for franchising. Currently the Company is focusing on expansion in Arizona, Colorado, and Dallas (9/1/04) Econo Lube N' Tune & Brakes approaches the franchise process with a different philosophy than most other franchise companies. At Econo Lube N' Tune & Brakes we won't ask a potential franchise owner to invest or participate in developing a location until the company itself has made a substantial investment in time, energy, professional services and money. Before a prospective franchise owner is asked to commit to an Econo Lube N' Tune & Brakes location, the Company has: * Identified the marketplace * Selected a site * Purchased the property * Planned, designed and constructed the building * In most cases, acquired and installed all furniture, fixtures, equipment and signage * Fully stocked the location with all oil change, tune-up and brake parts needed * Hired and trained a staff to operate the location * Trained the new franchise owner Anyone who has ever opened their own business and has had to accomplish all of these goals on their own can truly relate, and appreciate the "turn-key" process we offer here at Econo Lube N' Tune & Brakes.