Total sales expected for the automotive aftermarket industry in 2024. That’s up from $325 billion in 2021.
SpeeDee Oil Change & Auto Service® has been one of the best oil change franchises in the nation for four decades thanks to our ability to deliver consistently fast, excellent customer service.
SpeeDee Oil Change Franchise
SpeeDee is one of the fastest-growing oil change and automotive service brands in the nation, with over 200 units open worldwide and that number expected to hit 250 by the end of this year. In 2020, the Top 50% of franchisees averaged sales of over $1.3 million, with EBITDAR of $363,855. Full details of financial performance can be found in Item 19 of the SpeeDee Oil Change & Auto Service Franchise Disclosure Document.
“The oil change and auto repair industry is a great place to be. It’s not trendy. It’s not a fad. People always need it,” said SpeeDee CEO Kevin Kormondy. “Even during the disruptions of the last few years, demand has been strong, and our franchisees have been able to thrive by providing great service and taking advantage of strong systems and support.”
What Sets SpeeDee Apart From the Competition
- It is one of the few large auto repair and oil change brands experiencing strong growth.
- Unlike other franchises that offer quick lube service, it is not owned by an oil company, which gives the brand leverage to negotiate with multiple suppliers.
- Strong EBITDAR.
- Four decades in business, with an extremely experienced executive team guiding the brand.
- Flexible development options that can help owners get open more quickly and take advantage of real estate bargains.
- Significant franchise support to assist in finding quality locations, negotiating leases, training, marketing, and maximizing ROI.
The Automotive Aftermarket Industry
$372 BILLION INDUSTRY
The auto repair industry is massive, steadily growing, and resistant to downturns.
One reason SpeeDee Oil Change & Auto Service® is a great business opportunity is because more than 99% of the vehicles on U.S. roads need regular oil changes. And while electric vehicles are very slowly gaining market share, it will be decades before they make up the majority of cars on the road.
Franchise Support
SpeeDee Oil Change & Auto Service® offers tremendous franchise support to help you get started and grow your business. You don’t need automotive experience. We provide training, marketing support, and a wide range of tools to help you find customers and serve them well.
- Marketing – When you join SpeeDee, you benefit from a growing brand that has been building relationships with customers for four decades. You also gain the support of a dedicated marketing team that manages sophisticated campaigns to drive business to your center. We’re working to beat the competition in every market where we have a SpeeDee location.
- Training – The first step of your training is learning our proven system. Our online training platform, available 24/7, is called FullSpeed Automotive University. The training is very robust and has 250 courses – some of which are required. This is the platform you’ll use to train your own people. In addition, you’ll spend a week in Denver at our New Franchisee Training School, and we’ll show you how to differentiate SpeeDee from other quick lube businesses.
Choosing Your Location
Finding the right site is critical for your business. SpeeDee Oil Change & Auto Service works alongside you and local commercial real estate brokers to identify promising sites, evaluate their likely performance, and negotiate favorable terms.
LET’S TALK ABOUT HOW WE CAN HELP YOU BECOME A FRANCHISEE.