Speedy Transmission Centers

Transmission repair

Background

Founded: 1983 Franchising since: 1984
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.

235 N.E. 6th Ave., #H
Delray Beach, Florida 33483

Phone:
(800)336-0310/ (561)274-0445

Franchisee Association
Speedy Transmission Franchisee Council

Franchisor is a privately-held company with 4 employee(s); 1 employee(s) in franchise department.

Franchise Growth

Year	U.S. Franchises	Canadian Franchises	Foreign Franchises	Company Owned
2006	22	0	0	0
2005	21	0	0	0

Where Seeking Franchisees
In the U.S. South, Southeast, United states

Exclusive territories available.
Territory size: Varies

Special Programs
Speedys Consumer Protection Program monitors information from the Better Business Bureaus and Departments of Consumer Affairs to educate and protect the public. The company also has awards programs for franchisees.

Costs and Fees

Total investment: $58.5K-101.9K
Franchise fee: $24.5K

Ongoing royalty fee: 7%
Term of agreement: 20 years, renewable

Type of Financing Available

	In-House	Third Party
Franchise Fee	No	No
Startup Costs	No	No
Equipment	No	Yes
Inventory	No	No
Accounts Receivable	No	No
Payroll	No	No

Third-party financing source(s): VSH

Qualifications
Net worth requirement: $150K
Cash liquidity requirement: $50K
Business Experience: