Sir Speedy Franchise Cost & Profit Exposed (2024 Update) | Vetted Biz (2024)

Summary

General

Industry

A general sector of the franchise economy that helps characterize franchise concepts offering similar goods and/or services

Business & Professional Services

Category

A subset sector of industry characterizing franchise concepts offering similar goods and/or services

Marketing

Year of Founding

1968

Works with Franchise Brokers

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Seeking Franchisees?

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Remote Management?

Indicates if the business can be managed by a manager remotely

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Fees & Financing

Royalty Fee

Ongoing fee paid by a franchisee to the franchisor as part of the franchise agreement

6%

Marketing Fee

Amount of gross revenues required by the franchisor for marketing purposes

2%

Franchise Fee

$52,500

Investment Range

$253K-$306K

SBA Loan Approved

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Location units

Total U.S. Locations

127

U.S. Franchised Units

127

U.S. Corporate Units

Headquarters (City, State)

Mission Viejo, CA

Square Footage

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Retail Location?

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Other

Item 19 - Franchise Financials

Yes

Started Offering Franchises

1968

Issuance of FDD Data

2024-03-29

E-2 Visa Eligibility

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Job Count ?

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Key Financial Indicators

Figure

Industry %

Percentage of franchises with figures less than the figure for this franchise

Franchise Payback Period

Calculated based on ramp-up time, average unit volume, and profitability

Loan Success Ratio

# of SBA loans paid in full to loans that were charged off

Loan Default Rate

# of SBA loans recognized as a loss divided by total loans

Sales-to-Investment Ratio

Indicator of general economics for a franchise

Resale Value

Based on the earnings and multiples for this industry

Resale Value-to-Investment

Higher ratio indicates higher potential for returns

Franchise Cost

Franchise Fee

%8

%8

%8

%8

%8

%8

%8

%8

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Franchise Disclosure Document Summary

Download the latest Franchise Disclosure Documents (FDD’s) for this franchise.

FDD Year Available for Purchase Download

2024

Add to Cart

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2023

Add to Cart

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2022

Add to Cart

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2021

Add to Cart

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2020

Add to Cart

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Reported and Estimated Franchise Gross Sales and Earnings

Find available key financial metrics below.

Year

Gross Sales

Reported or estimated gross sales, representing sales generated by a single franchise unit over a period of one year.

Amount for the period Y/Y % Change

Earnings (Owner Operator)

Average expected earnings, based on industry margins, for a single franchise unit where the owner is the primary operator.

Amount for the period Y/Y % Change

Earnings (Semi-Absentee)

Average expected earnings, based on industry margins, for a single franchise unit where the owner is not the primary operator.

Amount for the period Y/Y % Change

2023

2022

2021

2020

2019

%8

%8

%8

%8

%8

%8

%8

%8

%8

%8

%8

%8

%8

%8

%8

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Franchise Openings and Closures

Year Start of year Units opened Units closed Reacquired by franchisor Total end of year
2023 129 1 3 0 127
2022 134 1 6 0 129
2021 145 0 11 0 134
2020 148 1 4 0 145
2019 154 1 7 0 148
2018 159 1 6 0 154
2017 181 1 14 0 168
2016 198 0 17 0 181

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Sir Speedy Franchise Cost & Profit Exposed (2024 Update) | Vetted Biz (1)

Key Metrics & Financials

Detailed Metrics

Detailed Franchise Metrics are metrics calculated and reviewed by Vetted Biz.

You can find the available metrics for Sir Speedy below.

“N/A” or Not Applicable results mean that there is not enough data available to compute a precise rate or that the result is not mathematically computable.

When results are not mathematically computable, you should pay attention to the absolute values (#) instead of the percentage rate itself.

Franchise Health Metrics

Growth Rate

Measures the overall growth of units for the franchise divided by the total units during a given time period

1 year / 3 years

Failure Rate

Measures the overall number of units that failed divided by the total units for the franchise during a given time period

1 year / 3 years

Franchise for Sale Rate

Measures the number of units that were transferred or reacquired by the franchisor divided by the total units for the franchise during a given time period

1 year / 3 years

Sir Speedy

Industry median

All franchises median

-1% / -12%

8% / 8%

8% / 8%

3% / 16%

8% / 8%

8% / 8%

4% / 13%

8% / 8%

8% / 8%

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Franchise Viability Benchmarking

Investment Midpoint

Franchise Fee Midpoint

Franchise Payback Period

Gross sales

Royalty Fee

Sir Speedy

Industry median

All franchises median

$279,277

$8888

$8888

$52,500

$8,888

$8,888

8.8 years

8.8 years

8.8 years

$8,888

$8,888

$8,888

6%

8%

8%

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Franchisor Financials

Year

Franchisor Revenue

Amount for the period Y/Y % Change

Franchisor Royalty Fees

Amount for the period Y/Y % Change

Franchisor EBITDA

Amount for the period Y/Y % Change

Franchisor Net Income (Loss)

Amount for the period Y/Y % Change

2022

2021

2020

2019

%8

%8

%8

%8

%8

%8

%8

%8

%8

%8

%8

%8

%8

%8

%8

%8

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Item 19 – Financial Performance Representations

Historical financial performance representations

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Franchise Financials

Franchisor company financial information and financial performance representations, if disclosed by the franchisor.

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Litigation & Bankruptcies

Lawsuits and Litigation

Pending and concluded litigation

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Bankruptcies

Disclosed bankruptcy information

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Content Library

Videos 0
Podcasts 0
Articles 0

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Contacts & Social Media

Phone

(***) ***-***

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Corporate Email

m***@****.com

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State

California

City

Mission Viejo

Zip Code

92691

Mailing adress

26722 Plaza

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What to know about Sir Speedy franchise?

Since its inception in 1968 , Sir Speedy franchise has stood as a cornerstone in the global Business & Professional Services. With a pioneering role in the franchise business, Sir Speedy has consistently set the standard for excellence and innovation. It's worth noting that Sir Speedy began offering franchises in 1968, marking a significant milestone in the company's history.

Additional Details

The cost of opening a Sir Speedy franchise can vary depending on a number of factors. On average, you can expect to invest between $253K-$306K. This range includes expenses like the initial franchise fee, equipment, signage, seating, and other essential costs.

The profitability of a Sir Speedy franchise can vary widely depending on factors such as location, operating costs, management efficiency, and local market conditions. If you are interested in knowing more about how profitable a Sir Speedy franchise is and its average unit volume, make sure to click here and become a Vetted Member to unlock access.

Sir Speedy franchise owners generally make between per year. However, this can vary based on factors like location and experience. Owners in expensive cities like New York or San Francisco tend to earn more. Additionally, seasoned operators typically earn more than new franchisees.

Sir Speedy operates a vast network of franchise locations, with a total of 127 in the United States alone. Out of these, 127 are franchised units, while 0 are corporate-owned. This extensive franchise presence showcases the brand's widespread reach and popularity in the U.S. market.

The franchise fee for Sir Speedy typically ranges from 50000 to 55000. Additionally, franchisees are required to pay a royalty fee of 6% and a marketing fee of 2% of their monthly sales. These fees contribute to the ongoing support, marketing efforts, and brand development provided by Sir Speedy to its franchise network.

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