Start-Up Costs and Fees |
||
| Strickland Brothers 10 Minute Oil Change | Speedy Transmission | |
| Investment | 196400 - 510900 | 83500 - 108000 |
| Franchise Fee | 0 | |
| Royalty Fee | 5% | 7% |
| Advertising Fee | 2.50% | |
| Year Founded | 2016 | 1983 |
| Year Franchised | 2019 | 1984 |
| Term Of Agreement | ||
| Term Of Agreement | ||
| Renewal Fee | ||
Business Experience Requirements |
||
| Strickland Brothers 10 Minute Oil Change | Speedy Transmission | |
| Experience | General business experience Marketing skills | |
Financing Options |
||
| Strickland Brothers 10 Minute Oil Change | Speedy Transmission | |
| Franchise Fees | No | |
| Start-up Costs | No | |
| Equipment | No | |
| Inventory | No | |
| Receivables | No | |
| Payroll | No | |
Training & Support |
||
| Strickland Brothers 10 Minute Oil Change | Speedy Transmission | |
| Training | On-The-Job Training: 80 hours Classroom Training: 10 hours Additional Training: SB University | Weekend training classes |
| Support | Ongoing Support Newsletter Meetings/Conventions Toll-Free Line Grand Opening Online Support Security/Safety Procedures Field Operations Site Selection Proprietary Software Franchisee Intranet Platform | Newsletter, Meetings, Toll-free phone line, Grand opening, Internet, Field operations/evaluations |
| Marketing | Co-op Advertising Ad Templates National Media Regional Advertising Social media SEO Website development Email marketing Loyalty program/app | Ad slicks, Regional advertising |
| Operations | Number of Employees Required to Run: 5 - 10 | 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 |
||
| Strickland Brothers 10 Minute Oil Change | Speedy Transmission | |
| US Expansion | South, South East, | |
| Canada Expansion | ||
| International Expansion |
Start-Up Costs and Fees Mobile |
|
| Investment | |
| Strickland Brothers 10 Minute Oil Change | |
| Speedy Transmission | |
| Franchise Fee | |
| Strickland Brothers 10 Minute Oil Change | |
| Speedy Transmission | |
| Royalty Fee | |
| Strickland Brothers 10 Minute Oil Change | 5% |
| Speedy Transmission | 7% |
| Advertising Fee | |
| Strickland Brothers 10 Minute Oil Change | 2.50% |
| Speedy Transmission | |
| Year Founded | |
| Strickland Brothers 10 Minute Oil Change | 2016 |
| Speedy Transmission | 1983 |
| Year Franchised | |
| Strickland Brothers 10 Minute Oil Change | 2019 |
| Speedy Transmission | 1984 |
| Term Of Agreement | |
| Strickland Brothers 10 Minute Oil Change | |
| Speedy Transmission | 20 years |
| Renewal Fee | |
| Strickland Brothers 10 Minute Oil Change | |
| Speedy Transmission | 50% of initial franchise fee |
Business Experience Requirements |
|
| Experience | |
| Strickland Brothers 10 Minute Oil Change | |
| Speedy Transmission | General business experience Marketing skills |
Financing Options |
|
| Franchise Fees | |
| Strickland Brothers 10 Minute Oil Change | |
| Speedy Transmission | |
| Start-up Costs | |
| Strickland Brothers 10 Minute Oil Change | |
| Speedy Transmission | |
| Equipment | |
| Strickland Brothers 10 Minute Oil Change} | |
| Speedy Transmission | |
| Inventory | |
| Strickland Brothers 10 Minute Oil Change | |
| Speedy Transmission | |
| Receivables | |
| Strickland Brothers 10 Minute Oil Change | |
| Speedy Transmission | |
| Payroll | |
| Strickland Brothers 10 Minute Oil Change | |
| Speedy Transmission | |
Training & Support |
|
| Training | |
| Strickland Brothers 10 Minute Oil Change | On-The-Job Training: 80 hours Classroom Training: 10 hours Additional Training: SB University |
| Speedy Transmission | Weekend training classes |
| Support | |
| Strickland Brothers 10 Minute Oil Change | Ongoing Support Newsletter Meetings/Conventions Toll-Free Line Grand Opening Online Support Security/Safety Procedures Field Operations Site Selection Proprietary Software Franchisee Intranet Platform |
| Speedy Transmission | Newsletter, Meetings, Toll-free phone line, Grand opening, Internet, Field operations/evaluations |
| Marketing | |
| Strickland Brothers 10 Minute Oil Change | Co-op Advertising Ad Templates National Media Regional Advertising Social media SEO Website development Email marketing Loyalty program/app |
| Speedy Transmission | Ad slicks, Regional advertising |
| Operations | |
| Strickland Brothers 10 Minute Oil Change | Number of Employees Required to Run: 5 - 10 |
| Speedy Transmission | 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 |
|
| US Expansion | |
| Strickland Brothers 10 Minute Oil Change | |
| Speedy Transmission | South, South East, |
| Canada Expansion | |
| Strickland Brothers 10 Minute Oil Change | |
| Speedy Transmission | |
| International Expansion | |
| Strickland Brothers 10 Minute Oil Change | |
| Speedy Transmission | |