|
Below is an in-depth analysis and side-by-side comparison of All Tune and Lube vs Speedee Oil Change & Tune-Up including start-up costs and fees, business experience requirements, training & support and financing options.
Start-Up Costs and Fees |
||
Investment | $112,000 - $146,500 | $188,305 - $527,970 |
Franchise Fee | $30,000 | $35,000 |
Royalty Fee | 7% | 6% |
Advertising Fee | - | 6% |
Year Founded | 1985 | 1980 |
Year Franchised | 1985 | 1982 |
Term Of Agreement | 15 years | - |
Term Of Agreement | 15 years | - |
Renewal Fee | - | - |
Business Experience Requirements |
||
Experience | - | |
Financing Options |
||
In-House/3rd Party | In-House/3rd Party | |
Franchise Fees | No/No | Yes/Yes |
Start-up Costs | No/No | Yes/Yes |
Equipment | No/Yes | Yes/Yes |
Inventory | No/No | Yes/Yes |
Receivables | No/No | Yes/Yes |
Payroll | No/No | Yes/Yes |
Training & Support |
||
Training | - | - |
Support | Newsletter, Meetings, Toll-free phone line, Grand opening, Security/safety procedures, Field operations/evaluations, Purchasing cooperatives | - |
Marketing | Co-op advertising, Ad slicks, Regional advertising | - |
Operations |
5% of all franchisees own more than one unit Number of employees needed to run franchised unit: 5 Absentee ownership of franchise is NOT allowed. (100% of current franchisees are owner/operators) | - |
Expansion Plans |
||
US Expansion | - | - |
Canada Expansion | No | No |
International Expansion | Yes | No |
Founded in 1985 by Thomas B. Howell, All Tune and Lube centers service and repair brakes, exhaust systems, filters, belts and hoses, and do oil changes. Centers also remanufacture engines.