Last Updated on August 3, 2012 by DeanR
Speedy Transmission Centers Franchise Information
Speedy Transmission Centers is a franchise for a business providing transmission repair. It was founded in 1974 and started franchising in 1984.
They say that nowadays, the latest transmissions have more than 1,000 parts and it has become more and more complicated through the years. They know that customers are always looking for experts to work on their transmissions but would not have to cost them too much and can do the job quickly.
These are the promises that Speedy Transmission Centers give. They believe that as years pass, there will be more people needing transmission repairs. They say that this is because the transmissions are getting smaller and smaller and they need to withstand more stress and strain which will cause it to break down more. Their being around for a long time is their proof that they can do a job really well and that they have customers who are loyal to them.
What services do they provide at Speedy Transmission Centers?
They have a free 12-point transmission inspection that includes road testing, fluid checking and analysis, checking band adjustment, checking linkage, checking engine vacuum, checking cooling lines, checking differentials, checking driveshaft, checking external electrical components, checking C.V. joints, checking for leaks, and checking mounts.
For maintenance and repair service, they have lube and filter, oil change, brakes, tire rotation, air filter inspection and replacement, fuel injection service, heating and cooling system, radiator, transmission fluid, vehicle inspection and performance, fan and belts, battery inspection, tune up, and power steering. With their service, they do not charge for external performance check, nationwide warranties, extended warranties, and commercial and fleet contracts. They service foreign and domestic vehicles, RV, 4X4, SUV and they have professionals for it. They work both on automatic and standard transmissions.
Cost and requirements on running a Speedy Transmission Centers franchise
You need to have a net worth of $150,000 and a total liquid asset of at least $50,000. Expect to be investing about $58,000 to $102,000. The cost of Speedy Transmission Centers franchise fee of $24,500 with an on-going royalty fee of 7%. This is for a renewable 20 year term agreement. You will need about four employees to run one location. They also allow absentee ownership.
What is included in the franchise package?
There will be three weeks training at the headquarters, at your location as needed, and weekend training classes. You will be provided assistance in site selection and grand opening. You will be given access to support such as the technical school, telephone hotline, video training tapes, computer diagnostic programs, transmission reference library, technical manuals, continuing education seminars, monthly bulletins, and transmission data supplements and buyers guide. You will be receiving newsletters and a toll free phone number. You will also be given access to the internet. Expect to be attending meetings and receiving occasional field evaluations. For marketing support, there will be ad slicks, regional advertising, and they provide professional advertising programs.
Speedy Transmission Centers Contact Details
You may reach them at:
Address: 235 Northeast 6th Ave. Suite G Delray Beach, Florida 33483
Phone: (800) 336-0310 or (561) 274-0445
Email: speedytrans@mindspring.com