About SpeeDee Oil Change & Auto Service Center
Our first SpeeDee Oil Change opened in December 1980 in Metairie, Louisiana. Back then, automotive service stations were on the decline, but drivers’ needs for oil change service was on the rise. That’s where we came in.
SpeeDee swiftly grew into a quick lube and automotive tune-up service business and became SpeeDee Oil Change & Tune-Up to reflect these new service additions. Store numbers also multiplied as franchise opportunities opened.
By the mid-90s, SpeeDee had added complete brake service and grown to a full-service auto maintenance and repair facility. In April 2008, the SpeeDee Oil Change & Tune-Up franchise became a subsidiary of Midas International Corporation. In 2008, Midas International Corporation and SpeeDee began a co-branding strategy that provided consumers with the three most frequent vehicle maintenance services – oil changes, brakes and tires.
In 2013, SpeeDee Oil Change & Tune-Up became SpeeDee Oil Change & Auto Service® to better reflect the wide array of services available to customers.
In February 2017, SpeeDee became a subsidiary of Grease Monkey International LLC, providing franchisees with the opportunity to be part of one of the nation’s largest independent franchisors of automotive fast lube centers.
For 40 years, SpeeDee has built trusted customer relationships based on reliability and professional service and grown from a single store to more than 150 locations. SpeeDee Oil Change & Auto Service® is committed to earning your trust by providing you with the expertise, value and responsiveness you expect … every time you visit us.
With more than 30 years in the automotive service and repair industry, SpeeDee is proud to stand out as a leader. We’re rapidly expanding and looking for progressive entrepreneurs with a strong desire to own and grow their own business.
How It Works
When you become a SpeeDee franchisee, you’ll enjoy these benefits:
-Comprehensive business planning assistance
-Technical and marketing support
-Each part of our multi-faceted business program is designed to maximize “top of mind” awareness, driving more customers to your location and increasing sales. As part of the onboarding process, you’ll receive step-by-step training so you can put these proven marketing tools to work!
-SpeeDee Franchise Support
Your training starts long before you open the doors of your service center and continues throughout the life of your franchise. We provide the tools and strategy you need to get off to the right start and follow it up with ongoing franchise support and training, information systems, and marketing and advertising programs that foster our customer loyalty and help create repeat business.
Kevin Kormondy, CEO
1982 (39 years)
Total Number of Units
98 (as of 2020)
Part-Time / Full-Time
How Much Does It Cost To Open A SpeeDee Oil Change & Auto Service Center Franchise?
There are several costs associated with opening a SpeeDee Oil Change & Auto Service Center franchise. There is typically a franchise fee set by the franchisor, which covers the costs of opening a franchise location. Some other commons fees include equipment fees, marketing fees, licensing fees, insurance, and taxes, to name a few.
Some franchises may have a weekly fee that the franchisee pays for operating a SpeeDee Oil Change & Auto Service Center franchise. The weekly fee for opening a SpeeDee Oil Change & Auto Service Center franchise is not specified.
The full breakdown of these fees can be found in the Financial Disclosure Document (FDD) provided to franchisees by the franchisor. The FDD report will contain additional information such as whether the franchise is renewable (SpeeDee Oil Change & Auto Service Center Is Renewable) and does the franchise offer financing support (SpeeDee Oil Change & Auto Service Center SpeeDee Oil Change & Auto Service Center has relationships with third-party sources which offer financing to cover the following: franchise fee, startup costs, equipment, inventory, accounts receivable, payroll).
SpeeDee Oil Change & Auto Service Center Company Details
Here are some additional details about SpeeDee Oil Change & Auto Service Center.
|Parent Company||FullSpeed Automotive|
|Net Worth Requirement||$300,000|
|Veteran Incentives||$10,000 off franchise fee; royalty fee rebates for first two years|
|Cash Requirement||$60,000 - $75,000|
|Term of Agreement||15 years|
|Run from Home||No|
Training and Support Offered By SpeeDee Oil Change & Auto Service Center
SpeeDee Oil Change & Auto Service Center offers several support options to its franchisees. With 98 (as of 2020) units, SpeeDee Oil Change & Auto Service Center aims to provide support to each franchise owner to help them operate a successful franchise location. SpeeDee Oil Change & Auto Service Center offers 40 hours on the job training, 34 hours classroom training, and No additional training.
Training and Support Offered
Here are the support options offered by SpeeDee Oil Change & Auto Service Center.
|On-The-Job Training||40 hours|
|Classroom Training||34 hours|
Is SpeeDee Oil Change & Auto Service Center Right For You?
SpeeDee Oil Change & Auto Service Center has gone digital! Here are all of the ways you can find SpeeDee Oil Change & Auto Service Center online. Oftentimes, you can reach out to current franchisees of SpeeDee Oil Change & Auto Service Center online. Current franchisees may be able to offer personalized insights into what it is like owning a SpeeDee Oil Change & Auto Service Center franchise and offer tips to running a successful SpeeDee Oil Change & Auto Service Center franchise location.
Why Should You Start a SpeeDee Oil Change & Auto Service Center Franchise?
Investing in a Automotive franchise such as SpeeDee Oil Change & Auto Service Center can kickstart your franchise portfolio. Our goal at Why Franchise is to provide you with the resources needed to be a successful franchise owner. Fill out the form below to get more information about SpeeDee Oil Change & Auto Service Center franchise and we'll be in touch soon!