| ||||
Updated RecentlySpeedy Transmission vs American Transmissions Franchise Comparison
Below is an in-depth analysis and side-by-side comparison of Speedy Transmission vs American Transmissions including start-up costs and fees, business experience requirements, training & support and financing options.
Start-Up Costs and Fees |
||
| Investment | $83,500 - $108,000 | $80,000 - $120,000 |
| Franchise Fee | $24,500 | $25,000 |
| Royalty Fee | 7% | 7% |
| Advertising Fee | - | 3%/$400/week |
| Year Founded | 1983 | 1981 |
| Year Franchised | 1984 | 1985 |
| Term Of Agreement | 20 years | 15 years +15 |
| Term Of Agreement | 20 years | 15 years +15 |
| Renewal Fee | 50% of initial franchise fee | - |
Business Experience Requirements |
||
| Experience | - | |
Financing Options |
||
| In-House/3rd Party | In-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 |
||
| Training | Weekend training classes | Home Office, Plymouth, MI 14 Days |
| Support | Newsletter, Meetings, Toll-free phone line, Grand opening, Internet, Field operations/evaluations | Central Data Processing Field Operation Evaluation Field Training Initial Store Opening Inventory Control Franchisee Newsletter Regional or National Meetings 800 Telephone Hotline |
| 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) | Average Number of Employees: 5 Full-time, 1 Part-time Passive Ownership: Not Allowed |
Expansion Plans |
||
| US Expansion | Yes | Yes |
| Canada Expansion | No | - |
| International Expansion | No | - |
Company Overviews
About Speedy Transmission
About American Transmissions
American Transmissions has been providing quality transmission service, repairs, and maintenance at reasonable prices, during our long existence. Did you know that American Transmissions has provided transmission service to many local and state Law Enforcement Agencies, Fire Departments, School Districts, and local governments, as well as, some of the largest and smallest company’s auto fleets in Southeast, Michigan? They choose American Transmissions because they get the most value for their auto service dollars. Thanks for choosing American Transmissions for your drive-train service needs. You can trust American Transmissions for a job well done, because we are "The Dealership Alternative”