Speedy Transmission Franchise
Friday, April 23, 2010 at 04:16PM Transmission rebuilding and repair for foreign and domestic cars and trucks
D'Arcy Williams founded Speedy Transmission Centers in 1983. The company began franchising in 1984, with its first franchise location in Syracuse, New York. Based in Boca Raton, Florida, Speedy now has locations in several states, including centers in Florida, Georgia and Puerto Rico.
Start-up Costs & Franchises Fees
What is the total cost to open a Speedy Transmission Franchises?
Total Cost: $53,500-$96,900
Total Franchise Fees: $24,500
Ongoing Royalty Fees: 7%
Ongoing Advertising Fees:
Term of Agreement: 20 years
Franchise Agreement Renewal Fee: 50% of initial franchise fee
Contact Information for Speedy Transmission
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Speedy Transmission Centers |
Phone Number: (561)274-0445 |
Historical Expansion
In what year did Speedy Transmission begin operations? 1983
When did Speedy Transmission begin selling franchises? 1984
Year United States Canada International Corporate 2007 28 0 0 0 2005 23 0 0 0 2004 23 0 0 0 2003 25 0 0 0 2002 27 0 0 0 2001 27 0 0 0
Future Expansion
United States: South, South East,
Franchise Financing Information
Cost In House Financing Available? 3rd Party Financing Available? Franchise Fee No No Initial Start-up Capital No No Plant, Property, and Equipment No Yes Inventory No No Accounts Receivable No No Payroll No No 3rd Party Financing Available? Financing Source(s): VSH
Training & Support
Training
Weekend training classes
Support
In the Pressletter, Meetings, Toll free phone number, Grand opening support, Internet referrals, Field support and site evaluation
Marketing
Ad slicks, Regional advertising support
Franchise Operation Restrictions
0% of all franchise business owners own more than one franchise location.Number of employees needed to run franchised unit: 4
Absentee ownership of franchise is allowed. (100% of current franchise business owners are owner/operators)
Qualifications & Business Experience
Business Experience:
General business experience Sales & marketing experience
Franchise Analyzer Professional's Inside Information
Can you buy this franchise for no money down? YesPlease note: You must download a free copy of Franchise Analyzer Professional to receive these benefits and so much more. Click here to download your FREE copy now.
What key terms in the franchise agreement can be negotiated? Cross-default provisions, arbitration clause, personal guarantee, default cure periods, non-compete agreement, favorable valuations for corporate buyout
Can you negotiate lower royalties during start-up? Yes
Can you purchase multiple franchises for a discounted franchise fee? Yes
Can you receive lower advertising fees? Yes
Will I know when the franchise break even? Yes
Will my personal assets including my home be safe in case my franchise business fails? Yes