Speedy Transmission vs Indy Lube Franchise Comparison

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

Start-Up Costs and Fees
 
Speedy Transmission Franchise
Indy Lube Franchise
Investment $83,500 - $108,000$250,000 - $450,000
Franchise Fee $24,500$7,500
Royalty Fee 7%5%
Advertising Fee -5%
Year Founded 19831986
Year Franchised 19841989
Term Of Agreement 20 years20 years +5-10
Term Of Agreement 20 years20 years +5-10
Renewal Fee 50% of initial franchise fee-


Business Experience Requirements
 
Speedy Transmission Franchise
Indy Lube Franchise
Experience
  • General business experience
  • Marketing skills
    		• -

    Financing Options
     
    Speedy Transmission Franchise
    Indy Lube 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
    Indy Lube Franchise
    Training Weekend training classesHeadquarters 2-3 Weeks
    Support Newsletter, Meetings, Toll-free phone line, Grand opening, Internet, Field operations/evaluationsCentral Data Processing: At Additional Cost

    Central Purchasing: At Additional Cost

    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)

    		-

    Expansion Plans
     
    Speedy Transmission Franchise
    Indy Lube 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 Indy Lube

    INDY LUBE oil change centers specialize in fluid maintenance of both passenger and light industrial vehicles. Each INDY LUBE facility is up-scale with a spacious reception room with television, wallpaper and courtesy phone. The INDY LUBE full-service oil change includes a 20-point safety and fluid check. Each center also has a point-of-sale computer system.