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.

Fees (plain and simple)

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

Some Discounts apply. See below for details.

*The Initial Franchise Fee for a single Grease Monkey Center is $39,900. If you are a Conversion Owner, we offer a reduced Initial Franchise Fee of $20,000 for your first location you are converting to a Grease Monkey Center, and $10,000 for each additional location that is open and operating and you convert to a Grease Monkey Center.

*If you are a U.S. Veteran, a First Responder, or a spouse of either, we offer a reduced Initial Franchise Fee of $29,900 for a single Grease Monkey Center.

**Royalties. The Royalty will be equal to 6% of Gross Revenues.

**Incentive Program. If you are a Conversion Owner or a Veteran and First Responder, you may be eligible to participate in our Incentive Program during the first two years of operations after you open your Center. If you are eligible, you will receive a 50 percent rebate of the Royalty paid to us during the first year of operations and a 25 percent rebate of the Royalty paid to us during the second year of operations.

***Advertising Contribution. The 4.5% Advertising Fee includes a 0.5% fee for the system-wide National Materials Fund for our use in promoting and building the Grease Monkey brand. The other 4% is the minimum required spend for local advertising to support your growth in your market.

Incentives

Discounts for Veterans and First Responders: Initial Franchise Fee is reduced to $29,900. If eligible, 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 Grease Monkey Center and to $15,000 for each additional Grease Monkey Center you intend to open under the Multi-Unit Agreement. Multi-unit franchisees must open a minimum of three Grease Monkey Centers.

Discounts for Conversion Owners who convert their automotive locations to a Grease Monkey: The Initial Franchise Fee is reduced to $20,000 for the first location you are converting to a Grease Monkey Center, and $10,000 for each additional location that is open and operating and you convert to a Grease Monkey 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 Grease Monkey 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 Grease Monkey Franchises. The factors underlying our estimates may vary depending on several variables, and the actual investment you make in developing and opening your Grease Monkey Franchise may be greater or less than the estimates given, depending upon the location of your Grease Monkey 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 affiliatesvare 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 unlessvyou 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 creditworthiness, 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 Grease Monkey 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 drive-through 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 Grease Monkey 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 Grease Monkey 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	$29,000	$133,100
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	$75,000	$245,500

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 & 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 Grease Monkey 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. This is only an estimate, there is no guarantee that the amounts specified will be adequate or that additional investment will not be necessary during the first three months of operations or afterwards. There is no assurance that you will have reached “break-even” or any other financial level by the end of three months and you may need additional capital.

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 Grease Monkey Centers. You will sign a Franchise Agreement for your initial Grease Monkey 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 Grease Monkey Center, and $15,000 for each additional Grease Monkey Center you intend to open under the Multi-Unit Agreement. The chart shows the Multi-Unit Fee for the minimum two additional Grease Monkey 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 Grease Monkey Centers.

2. Multi-Unit Franchisees do not receive a protected development in which to locate and develop their Grease Monkey 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 Grease Monkey Center is described separately.

How Much Can I Make?

$1,863,739^*

Average net sales for Top Quartile of sales revenue averages

$411,438^*

EBITDAR for Top Quartile of sales revenue averages

*The data above include a historic financial performance representation for the calendar year 2024 from franchisee-owned Centers located in the United States that, in each case, were in operation for more than one year as of Dec. 31, 2024, operated the entire calendar year 2024, and who provided complete Profit and Loss Statements to us (“Subset”). Some outlets have sold this amount. Your individual results may differ. There is no assurance that you'll sell as much.

This information appears in our 2024 FDD under Item 19.

Sales revenue averages for franchisee-owned units

The charts include a historic financial performance representation from 149 franchisee-owned Centers. The total number of franchisee-owned Centers located in the United States as of Dec. 31, 2024, was 209. Centers that are not shown in the charts include Centers that commenced operations during calendar year 2024 or otherwise did not operate for the entire calendar year 2024, Centers that were involved in transfers during calendar year 2024 and thus the current owners did not operate for the entire calendar year 2024, and Centers for which complete Profit and Loss Statements were not provided to us. Five franchisee-owned Center closed during the year 2024, none of which was open for less than 12 months.

More details can be found in in the Item 19 section of our Franchise Disclosure Document.

Path To ownership

Grease Monkey^® 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 Grease Monkey 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 Grease Monkey 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

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 & 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

How Much Can I Make?

$1,863,739*

$411,438*

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!

Qualifications for
Ownership

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 & 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

$1,863,739^*

$411,438^*