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Below is an in-depth analysis and side-by-side comparison of Speedy Transmission vs Pro 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 | $160,000 - $210,000 |
Franchise Fee | $24,500 | $30,000 |
Royalty Fee | 7% | - |
Advertising Fee | - | - |
Year Founded | 1983 | 1996 |
Year Franchised | 1984 | 2007 |
Term Of Agreement | 20 years | - |
Term Of Agreement | 20 years | - |
Renewal Fee | 50% of initial franchise fee | - |
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 | -/- |
Start-up Costs | No/No | -/- |
Equipment | No/Yes | -/- |
Inventory | No/No | -/- |
Receivables | No/No | -/- |
Payroll | No/No | -/- |
Training & Support |
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Training | Weekend training classes | If you are selected as a franchise candidate, you will train in one of our successful corporate stores. We believe in hands-on training and job shadowing. You will receive two weeks initial training participating at the store level. The balance of your training program will be at head office where experienced trainers (who can empathize with your new project) will help you get ready for your launch. By the time the opening ribbon is cut, you will be confidently looking forward to operating your business. |
Support | Newsletter, Meetings, Toll-free phone line, Grand opening, Internet, Field operations/evaluations | Our operations team is interested in helping you to organize your business from the basement to the roof'. We say that, because what goes on under a customer's car is the backbone of our system and critical to your success. Our operations team is available to help you fine-tune your business. A comprehensive Management/Employee operations manual is always at your fingertips. The PRO OIL CHANGE Operations Manual is provided to you in printed form and online at our secure franchisee website. |
Marketing | Ad slicks, Regional advertising | The PRO OIL CHANGE head office has invested considerable dollars in developing methods for attracting customers to your shop. We are committed to building a Brand that stands out in the customer's mind when they think of our type of services. In addition to a complete Grand Opening package to launch your facility, our marketing binder will supply you with numerous methods to develop new business and raise your profile in the community. Owning a PRO OIL CHANGE store will allow you to be in business for yourself, while benefiting from the support, marketing and promotional expertise of the entire PRO OIL CHANGE team. |
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 | - |
International Expansion | No | - |