How Much Does a SpeeDee Oil Change & Auto Service Franchise Cost?
Data from the 2023 Franchise Disclosure Document
Investment Summary
Total Investment
$266K – $872K
Franchise Fee
$40K
Royalty
The greater of: (i) $225 per week; or (ii) the sum of 5% of Gross Revenues from brake products and brake repair services plus 6% of Gross Revenues from all other products and services
Ad Fund
6.0%
Cost Breakdown
Initial Franchise Fee
The initial franchise fee for SpeeDee Oil Change & Auto Service is $40K. This one-time payment covers the right to operate under the brand, access to proprietary systems, and initial training programs.
Total Investment Range
Opening a SpeeDee Oil Change & Auto Service franchise requires a total investment of $266K – $872K. This range typically includes real estate or leasehold improvements, equipment and fixtures, initial inventory, signage, insurance, and working capital to sustain operations during the ramp-up period.
Working capital alone ranges from $40K to $150K.
Ongoing Costs
Beyond the initial investment, SpeeDee Oil Change & Auto Service franchisees pay ongoing fees. The royalty structure is: The greater of: (i) $225 per week; or (ii) the sum of 5% of Gross Revenues from brake products and brake repair services plus 6% of Gross Revenues from all other products and services. The advertising or brand fund contribution is 6.0% of gross sales. There is also a technology fee of $218.
Net Worth & Liquid Capital Requirements
SpeeDee Oil Change & Auto Service requires working capital of $40K – $150K to cover initial operating expenses. This is the liquid cash you should have available beyond the franchise fee and buildout costs.
What Can You Earn?
According to SpeeDee Oil Change & Auto Service's Item 19 financial performance representation:
Median gross sales: $1.6M
This figure comes from Item 19 of the FDD. Gross sales are not the same as take-home profit. After deducting royalties, ad fund fees, rent, labor, and COGS, net income is typically a fraction of gross revenue.
How Do Banks View SpeeDee Oil Change & Auto Service?
SBA Loans Issued
1
Default Rate
0.0%
The SBA (Small Business Administration) tracks loan performance for franchise brands. SpeeDee Oil Change & Auto Service has 1 SBA-backed loans on record. The default rate is 0.0%, which is below the franchise industry average, indicating relatively lower lending risk. A lower default rate generally indicates that lenders view the franchise as a safer investment, though past performance does not guarantee future results.
Next Steps
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