Qualifications for Ownership

Financial

Cash available to invest: $400,000
Net worth: $600,000
Credit Score: 680 or above

Personal

You need to be energetic, good with people, and committed to being actively engaged even if you are an absentee owner. You must also have a clean criminal history.

Why Grease Monkey^® is a Top-Rated Automotive Franchise

FEES (Plain and Simple)

Franchise fee: $39,900*
Royalties: 6%**
Advertising Fees: 4.5%***

Some discounts apply. See below for details.

THE DETAILS

Incentives

Discounts for Veterans and First Responders: If you meet all eligibility requirements, the Initial Franchise Fee is reduced to $29,900, and you will receive a 50% rebate on all royalty fees during the first year of operations, and a 25% rebate on all royalty fees during the second full year of operations.

Discounts for multi-unit operators: Franchise fees are discounted to $20,000 for the second Kwik Kar Center and to $15,000 for each additional Kwik Kar Center you intend to open under the Multi-Unit Agreement. Multi-Unit Franchisees must open a minimum of three Kwik Kar Centers.

Discounts for Conversion Owners: The Initial Franchise Fee is reduced to $20,000 for the first location you are converting to a Kwik Kar Center, and $10,000 for each additional location that is open and operating and you convert to a Kwik Kar Center. If you meet additional qualifications, you may also be eligible for a royalty rebate.

Startup Costs

Estimated initial investment for a single Brownfield/Conversion location¹

These estimated initial expenses are our best estimate of the costs you may incur in establishing and operating your Kwik Kar Franchise if you are able to find an existing or former automotive repair center to lease that currently has a basement or existing service pits ("Brownfield" or "Conversion" locations). We do not offer direct or indirect financing for these items. Our estimates are based on our experience, the experience of our affiliates, and our current requirements for KwikKar Franchises. The factors underlying our estimates may vary depending on several variables, and the actual investment you make in developing and opening your Kwik Kar Franchise may bebgreater or less than the estimates given, depending upon the location of your Kwik Kar Center, and current relevant market conditions. Your costs will also depend on factors such as how well you follow our methods and procedures; your management skills; your business experience and capabilities; local economic conditions; the local market for our products and services; the prevailing wage rates; competition; and sales levels reached during your initial phase of business operations. All expenditures paid to us or our affiliates are uniform (except as we may agree to modify them in unique situations) and non-refundable under any circumstances once paid. All expenses payable to third parties are non-refundable unless you and the third party provider agree otherwise. The availability and terms of third party financing depend on several factors, including the availability of financing generally, your credit worthiness, collateral you may have and lending policies of financial institutions.

NOTE 1: General. The high and low ranges in the chart are based on a single Franchise Agreement and to retrofit the location for a three-bay Center using current brand standards.

Initial Franchise Fee²

$20,000 ^(LOW) | $39,900 ^(HIGH)

Method of Payment:

Lump Sum

When Due:

When you sign the Franchise Agreement

To Whom Payment is Made:

Real Estate³

$16,000 ^(LOW) | $40,000 ^(HIGH)

Method of Payment:

As Agreed

When Due:

As specified in Lease

To Whom Payment is Made:

Third Parties

Real Estate. A common arrangement used by franchisees is to secure a site through a lease. If you lease the property, the landlord may pay some or all of the tenant improvement costs. If property is owned by a third party and leased to you, we estimate the rent for the first month to be in a range of $4,000 to $10,000 for a three bay unit and the security deposit is usually equal to one month’s rent. The chart assumes that you are leasing the property and shows three months’ rent and a security deposit equal to one month’s rent.

If you propose a site that was an existing automotive building to be reviewed and approved by us that is for sale and you choose to retrofit that site, the estimated cost to purchase the land and building for a Kwik Kar Center ranges from approximately $625,320 to $1,877,050 for a three-bay building and land. In this type of an arrangement, the buyer pays all of the site improvement costs which can vary for each municipality. The standard three-bay building is approximately 71 feet by 32 feet and contains approximately 2,272 square feet on the main level of the building (the basement is not included in the 2,272 square foot estimate). Your building should have drivethrough capability and an in-ground car service basement area unless we authorize you to use a different configuration, such as shallow pits and/or auto-service pits rather than an in-ground car service basement area. Preferred sites are located on major streets or within high volume shopping areas. Acceptable levels of vehicle traffic, population size and demographics of an area may vary from location to location. You must negotiate your lease of, or financing for the purchase of, the real estate and the construction for a Kwik Kar Center designed to meet our specifications.

Building Work⁴

$60,000 ^(LOW) | $350,000 ^(HIGH)

Method of Payment:

As Agreed

When Due:

As Incurred

To Whom Payment is Made:

Third Parties

Building Work. These figures cover the costs to construct, build-out or renovate your Kwik Kar Center according to our standards. The amounts vary depending primarily on the center’s size, location and condition. The low end assumes that the site already generally meets our standards and specifications when acquired. The high end assumes that you will have to undertake significant remodeling and decorating to conform the site to our standards and specifications.

General Site Work⁵

$0 ^(LOW) | $75,000 ^(HIGH)

Method of Payment:

As Agreed

When Due:

As Incurred

To Whom Payment is Made:

Third Parties

General Site Work. These estimates cover the costs for the part of the construction project that does not involve the physical building, also known as site work, including items such as utility connections, demolition and/or concrete around the building. The low end assumes that the site already generally meets our standards and specifications when acquired. The high end assumes that your property will have to undertake significant site work to conform to our standards and specifications.

Due Diligence, Permits, Design and Plans⁶

$500 ^(LOW) | $25,000 ^(HIGH)

Method of Payment:

As Agreed

When Due:

As Incurred

To Whom Payment is Made:

Third Parties

Due Diligence, Permits, Design and Plans. This estimate includes costs for due diligence related to the construction project, necessary permits for a given jurisdiction, and architectural and civil engineering plans. The low end assumes that the site already generally meets our standards and specifications when acquired. The high end assumes that you will have to undertake significant design and jurisdictional approvals to conform the site to our standards and specifications.

FF&E Package & Installation⁷

$80,450 ^(LOW) | $186,650 ^(HIGH)

Method of Payment:

As Agreed

When Due:

As Incurred

To Whom Payment is Made:

Third Parties

FF&E Package, Installation. This amount includes storage tanks. Assuming you can establish a creditworthiness acceptable to third parties, financing through third parties may be available. Certain of these prices may vary due to fluctuations in the price of steel. A breakdown of these estimated costs is as follows:

	LOW	HIGH
Equipment	$23,000	$78,000
Storage Tanks	$10,200	$17,000
Installation	$12,500	$35,000
Filter Crusher	$1,300	$1,700
Tools	$2,500	$8,000
Vacuum	$400	$2,300
Radiator Flush	$1,400	$4,000
Furniture	$2,000	$4,000
Transmission Fluid Machine	$3,700	$8,500
Air Conditioning Equipment	$3,900	$8,500
Tire Rotation	$6,800	$20,400
Service Pit Covers	$1,300	$3,000
Subtotal	$69,000	$190,400

Grand Opening Costs⁸

$10,000 ^(LOW) | $10,000 ^(HIGH)

Method of Payment:

As Agreed

When Due:

As Incurred

To Whom Payment is Made:

Us or Third Parties

Grand Opening Costs. You must plan to spend a minimum of $10,000 on your Grand Opening, not including labor, cost of goods and discounts or special offers. You will plan the Grand Opening with us or our designee, and it will include advertising and promotional campaigns to be conducted at or around the time your Center opens or within 30 days of opening and will last for as long as four to six months. Within 30 days after the completion of your Grand Opening, you will submit a summary of your expenditures for the Grand Opening. We may provide the Grand Opening services to you. If we provide such Grand Opening services, you will pay to us the Grand Opening Costs at the time you secure a Location.

Initial Inventory⁹

$25,000 ^(LOW) | $35,000 ^(HIGH)

Method of Payment:

As Agreed

When Due:

As Incurred

To Whom Payment is Made:

Third Parties

Signs¹⁰

$20,000 ^(LOW) | $40,000 ^(HIGH)

Method of Payment:

As Agreed

When Due:

As Incurred

To Whom Payment is Made:

Third Parties

Supplies

$3,000 ^(LOW) | $5,000 ^(HIGH)

Method of Payment:

As Agreed

When Due:

As Incurred

To Whom Payment is Made:

Third Parties

Initial Training - Travel and Lodging Expenses¹¹

$3,300 ^(LOW) | $6,000 ^(HIGH)

Method of Payment:

As Agreed

When Due:

As Incurred

To Whom Payment is Made:

Third Parties

Computer Hardware and Software¹²

$14,000 ^(LOW) | $20,500 ^(HIGH)

Method of Payment:

As Agreed

When Due:

As Agreed

To Whom Payment is Made:

Third Parties

Computer Hardware and Software; POS Maintenance Fee. The estimated initial investment includes costs related to the purchase of computer hardware and software and the ongoing POS Maintenance Fee for the first three months of operations. We reserve the right to require that you purchase hardware and proprietary software from a vendor approved by us and which has been developed for use in the operation of Kwik Kar Centers.

Point of Sale Maintenance Fee¹²

$2,070 ^(LOW) | $4,000 ^(HIGH)

Method of Payment:

As Agreed

When Due:

As Agreed

To Whom Payment is Made:

Third Parties

Prepaid Expenses¹³

$2,000 ^(LOW) | $5,000 ^(HIGH)

Method of Payment:

Cash

When Due:

As Agreed

To Whom Payment is Made:

Third Parties

Additional Funds (3 months)¹⁴

$35,000 ^(LOW) | $75,000 ^(HIGH)

Method of Payment:

As Agreed

When Due:

As Incurred

To Whom Payment is Made:

Third Parties

Additional Funds. This amount includes estimated operating expenses you should expect to incur during the first three months of operations. It includes payroll costs (but not a draw or salary for you), taxes, utilities, advertising, rent, accounting and other professional fees, and other operational expenses that are not covered by sales revenue. You may have additional expenses starting your business. Your costs depend on several factors, including how much you follow our methods and procedures, your management skill, experience and business acumen, local economic conditions, the local market for our products and services, the prevailing wage rate, competition and the sales level reached during the initial period.

Total Estimated Initial Investment¹⁵

$291,320 ^(LOW) | $917,050 ^(HIGH)

Total Estimated Initial Investment. Because the ranges in the chart are only estimates and are subject to economic and inflationary conditions, it is possible both to reduce and exceed the estimated range of costs listed in each item of the chart. In certain major metropolitan areas, actual costs may substantially exceed the high range estimates in the chart. You should review these figures carefully with a business advisor or other professionals before making any decision to purchase a franchise.

MULTI-UNIT AGREEMENT^1,2,3

Multi-Unit Fee¹

$35,000 ^(LOW) | $35,000 ^(HIGH)

Method of Payment

Lump Sum

When Due:

When you sign the Multi-Unit Agreement

To Whom Payment is Made

1. Multi-Unit Franchisees must open a minimum of three Kwik Kar Centers. You will sign a Franchise Agreement for your initial Kwik Kar Center and pay the Initial Franchise Fee noted above for that Center, and then also sign a Multi-Unit Agreement which will designate how many additional Centers you will develop, and pay a Multi-Unit Fee equal to a reduced Initial Franchise Fee of $20,000 for the second Kwik Kar Center, and $15,000 for each additional Kwik Kar Center you intend to open under the Multi-Unit Agreement. The chart shows the Multi-Unit Fee for the minimum two additional Kwik Kar Centers that must be opened under the Multi-Unit Agreement. The Multi-Unit Agreement must be paid in full when you sign the Multi-Unit Agreement and is not refundable under any circumstances, even if you fail to open any Kwik Kar Centers.

2. Multi-Unit Franchisees do not receive a protected development in which to locate and develop their Kwik Kar Centers. Each Franchised Location under a Multi-Unit Agreement may be located in any city, county or state. You must obtain our prior written approval of the location for your Franchised Location based on our then-applicable criteria.

3. This chart does not include the initial investment to open each of the Centers under the Multi-Unit Agreement. The initial investment for opening your first Kwik Kar Center is described separately.

How Much Can I Make?

$1,814,167^*

Average net sales for Top Quartile of sales revenue averages

691,167^*

EBITDAR for Top Quartile of sales revenue averages

REVENUE DETAILS

Path To ownership

Kwik Kar has designed a process to help you learn more about the brand – and for us to learn about you – before any franchise agreements are signed. We want to make sure franchisees are set up for success. Here’s an outline of our process.

Step 1: Initial Conversation

After you fill out a contact form on this site, we’ll reach out for a short conversation to confirm that you are likely to qualify for the opportunity and that your desired territory is available. We’ll want to know about your background and goals as well.

Step 2: Franchise Qualification Questionnaire

Next, we’ll ask you to fill out a secure questionnaire with details about your assets, business experience, and Social Security info. This allows us, later in the process, to perform a simple background check, which is an important way that we protect the value of the brand for all franchisees. If everything looks good, we’ll start digging into the details of the opportunity.

Step 3: We’ll send our Franchise Disclosure Document (FDD)

We will send you our Franchise Disclosure Document and will need you to verify receipt. Per Federal Trade Commission rules, you won’t be allowed to sign a franchise agreement until at least 14 days after you acknowledge receipt of the FDD.

Step 4: FDD review

The FDD outlines the terms of the franchise agreement, provides background about the company and leadership, and offers details about costs, fees, and historic revenue. The format is dictated by the Federal Trade Commission, so there’s a fair bit of legal language. We’ll walk you through the document and will answer any questions you have about the various sections and terms.

Step 5: Validation

We will give you the names and phone numbers of all Grease Monkey franchisees so you can ask them questions about the brand and their performance. Feel free to ask any questions you may have, but our primary role is to help facilitate conversations with anyone you’d like to reach.

Step 6: Discovery Day

You’ll meet the Kwik Kar and FullSpeed Automotive leadership teams. You’ll hear about our vision for growth, and department heads will walk you through the support that they provide franchisees. We encourage you to ask questions.

Step 7: FARE Approval

The Kwik Kar Franchise Application and Real Estate committee will evaluate whether they consider you a strong fit for the brand. If so, you’ll be offered a Franchise Agreement.

Step 8: Franchise Agreement Awarded

You’ll be sent the agreements to review and sign.

Step 9: Franchise Agreement Signed / Franchise Fee Paid

Once we have your signed agreement, and received your franchise fee, it’s full speed ahead!

Step 10: Onboarding Call!

We’ll schedule an onboarding call and begin the process of making your new business a reality!

Qualifications for Ownership

Financial

Personal

Why Grease Monkey® is a Top-Rated Automotive Franchise

FEES (Plain and Simple)

Incentives

Startup Costs

Estimated initial investment for a single Brownfield/Conversion location1

Initial Franchise Fee2

Real Estate3

Building Work4

General Site Work5

Due Diligence, Permits, Design and Plans6

FF&E Package & Installation7

Grand Opening Costs8

Initial Inventory9

Signs10

Supplies

Initial Training - Travel and Lodging Expenses11

Computer Hardware and Software12

Point of Sale Maintenance Fee12

Prepaid Expenses13

Additional Funds (3 months)14

Total Estimated Initial Investment15

MULTI-UNIT AGREEMENT1,2,3

Multi-Unit Fee1

How Much Can I Make?

$1,814,167*

691,167*

Path To ownership

Step 1: Initial Conversation

Step 2: Franchise Qualification Questionnaire

Step 3: We’ll send our Franchise Disclosure Document (FDD)

Step 4: FDD review

Step 5: Validation

Step 6: Discovery Day

Step 7: FARE Approval

Step 8: Franchise Agreement Awarded

Step 9: Franchise Agreement Signed / Franchise Fee Paid

Step 10: Onboarding Call!

Why Grease Monkey^® is a Top-Rated Automotive Franchise

Estimated initial investment for a single Brownfield/Conversion location¹

Initial Franchise Fee²

Real Estate³

Building Work⁴

General Site Work⁵

Due Diligence, Permits, Design and Plans⁶

FF&E Package & Installation⁷

Grand Opening Costs⁸

Initial Inventory⁹

Signs¹⁰

Initial Training - Travel and Lodging Expenses¹¹

Computer Hardware and Software¹²

Point of Sale Maintenance Fee¹²

Prepaid Expenses¹³

Additional Funds (3 months)¹⁴

Total Estimated Initial Investment¹⁵

MULTI-UNIT AGREEMENT^1,2,3

Multi-Unit Fee¹

$1,814,167^*

691,167^*