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Updated RecentlyGrease Monkey and Grease Monkey Shine vs Speedee Oil Change & Tune-Up Franchise Comparison
Below is an in-depth analysis and side-by-side comparison of Grease Monkey and Grease Monkey Shine 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 |
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| Investment | $55,000 - $761,135 | $188,305 - $527,970 |
| Franchise Fee | $35,000 | $35,000 |
| Royalty Fee | 5% | 6% |
| Advertising Fee | 0.5% | 6% |
| Year Founded | 1978 | 1980 |
| Year Franchised | 1979 | 1982 |
| Term Of Agreement | 15 years | - |
| Term Of Agreement | 15 years | - |
| Renewal Fee | $5K | - |
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/Yes | Yes/Yes |
| Start-up Costs | No/Yes | Yes/Yes |
| Equipment | No/Yes | Yes/Yes |
| Inventory | No/Yes | Yes/Yes |
| Receivables | No/No | Yes/Yes |
| Payroll | No/No | Yes/Yes |
Training & Support |
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| Training | On-The-Job Training: 40 hours Classroom Training: 35 hours Additional Training: Annual regional meetings | - |
| Support | Newsletter Meetings/Conventions Toll-Free Line Grand Opening Online Support Security/Safety Procedures Field Operations Site Selection Proprietary Software Franchisee Intranet Platform | - |
| Marketing | Co-op Advertising Ad Templates Social media SEO Website development Email marketing Loyalty program/app | - |
| Operations |
30% of all franchisees own more than one unit Number of employees needed to run franchised unit: 8 Absentee ownership of franchise is allowed. (95% of current franchisees are owner/operators)
| - |
Expansion Plans |
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| US Expansion | Yes | - |
| Canada Expansion | No | No |
| International Expansion | Yes | No |
Company Overviews
About Grease Monkey and Grease Monkey Shine
Founded in 1978, Grease Monkey centers provide preventive maintenance that meets manufacturers' recommendations for most makes and models of cars, with no appointment necessary. Grease Monkey International is the nation's largest independent
franchisor of automotive oil change centers serving more than 2 million
customers each year with 75% of them being return customers. Our "less
hassle, more hustle!" customer experience is part of every signature
Grease Monkey® service.
Headquartered in Denver Colorado, the Grease
Monkey® brand currently has more than 300 centers operating in the
United States, Latin America, and China.
GMI is not owned by a major oil company. Being
independent means GMI's focus remains on helping customers properly
maintain their car or truck, instead of selling a particular brand of
oil.
Since 1998, the company has offered a Monkey Shine program--a car wash adjacent to and in conjunction with the Grease Monkey Center.
The estimated total investment necessary to begin operation of a
Grease Monkey franchise ranges from $156,695 to $347,850, including
between $5,000 and $50,000 which must be paid to the franchisor or its
affiliates.
If you elect to include a Monkey Shine Facility providing
car wash services in conjunction with the Grease Monkey Center, the
total investment increases between $151,650 and $761,135 depending on
the configuration and size of your Monkey Shine Facility, none of which
added costs is paid to the franchisor or its affiliates. Grease Monkey
franchisees have the option to choose to operate a Monkey Shine
Facility.
Grease Monkey area developers acquire the right to develop multiple franchises, with a minimum of three Grease Monkey Centers in a designated development area. The total investment necessary to begin operation as an area developer to open three Grease Monkey Centers ranges from $55,000 to $65,000, all of which must be paid to the franchisor or its affiliates.
Grease Monkey area developers acquire the right to develop multiple franchises, with a minimum of three Grease Monkey Centers in a designated development area. The total investment necessary to begin operation as an area developer to open three Grease Monkey Centers ranges from $55,000 to $65,000, all of which must be paid to the franchisor or its affiliates.
Veteran Incentives $10,000 off franchise fee
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#84 on Franchise Rankings.com
#161 in Franchise 500 for 2020.
#167 in Franchise 500 for 2021.
About Speedee Oil Change & Tune-Up
SpeeDee Oil Change and Tune-Up centers provide a full range of preventive and corrective maintenance services which includes oil and fluid change services, tune-up and complete brake service.
When you become a SpeeDee franchisee, you’ll enjoy these benefits:
- Comprehensive business planning assistance
- Technical and marketing support