Qualifications for 
Ownership

Financial

Cash available to invest: $150,000
Net worth: $450,000
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: 5%**
Advertising Fees: 4.5%***


Some Discounts apply. See below for details.
Grease Monkey Fees

Incentives

Discounts for Veterans and First Responders: Initial Franchise Fee is reduced to $25,000, and a 50% rebate on all royalty fees.

Discounts for multi-unit operators: Franchise fees are discounted to $20,000 for the second and subsequent units opened by a franchisee.

Discounts for independent business owners who convert their automotive locations to a Grease Monkey: The Initial Franchise Fee is reduced to $20,000, and a 50% rebate on all royalty fees.

Grease Monkey Incentives

Startup Costs

Expenditure1

NOTE 1: The high and low ranges in the chart are based on a single Franchise Agreement and the construction of a three-bay to a six-bay Center utilizing a build-to-suit developer. The low ranges in the chart assume you are purchasing a Conversion franchise, and may not need to incur all of these expenses.

Initial Franchise Fee2

$10,000 (LOW)   | $39,900 (HIGH)

Method of Payment:

Lump Sum or Installments, As Applicable

When Due:

When you sign the Franchise Agreements or As Agreed

To Whom Payment is Made:

FullSpeed Automotive®

Lease and Real Estate3

$28,000 (LOW)   | $44,000 (HIGH)

Method of Payment:

As Agreed

When Due:

As specified in the Lease

To Whom Payment is Made:

Third Parties

Leasehold Improvements3

$0 (LOW)   | $150,000 (HIGH)

Method of Payment:

As Agreed

When Due:

As Incurred

To Whom Payment is Made:

Third Parties

Equipment, Furniture, Tools & Installation4

$69,000 (LOW)   | $171,000 (HIGH)

Method of Payment:

As Agreed

When Due:

As Incurred

To Whom Payment is Made:

Third Parties

Grand Opening Costs5

$10,000 (LOW)   | $15,000 (HIGH)

Method of Payment:

As Agreed

When Due:

As Incurred

To Whom Payment is Made:

FullSpeed Automotive or Third Parties

Initial Inventory6

$14,500 (LOW)   | $25,000 (HIGH)

Method of Payment:

As Agreed

When Due:

As Incurred

To Whom Payment is Made:

Third Parties

Signs7

$10,000 (LOW)   | $30,000 (HIGH)

Method of Payment:

As Agreed

When Due:

As Incurred

To Whom Payment is Made:

Third Parties

Supplies

$2,000 (LOW)   | $2,000 (HIGH)

Method of Payment:

As Agreed

When Due:

As Incurred

To Whom Payment is Made:

Third Parties

Initial Training, Travel and Lodging Expenses8

$1,000 (LOW)   | $5,000 (HIGH)

Method of Payment:

As Agreed

When Due:

As Incurred

To Whom Payment is Made:

Third Parties

Computer Hardware and Software9

$10,500 (LOW)   | $19,500 (HIGH)

Method of Payment:

As Agreed

When Due:

As Agreed

To Whom Payment is Made:

Third Parties

Point of Sale Maintenance Fee9

$579 (LOW)   | $1,038 (HIGH)

Method of Payment:

As Agreed

When Due:

As Agreed

To Whom Payment is Made:

Third Parties

Prepaid Expenses10

$2,000 (LOW)   | $3,000 (HIGH)

Method of Payment:

Cash

When Due:

As Agreed

To Whom Payment is Made:

Third Parties

Additional Funds (3 months)11

$40,000 (LOW)   | $80,000 (HIGH)

Method of Payment:

As Agreed

When Due:

As Incurred

To Whom Payment is Made:

Third Parties

Total Estimated Initial Investments12

$197,579 (LOW)   | $585,938 (HIGH)

How Much Can I Make?

$1,053,386*

Average gross revenue for Top 50% of sales averages


$262,416*

Average EBITDAR for Top 50% of sales averages

*Based on franchisee-owned Grease Monkey® centers that were in the Top 50% of average sales for fiscal year 2020. Performance may vary. This information appears in our 2021 FDD under Item 19.

How Much Can I Make?

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 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 franchise agreements to review and sign.

Step 9: Franchise Agreement Signed

Pretty self-explanatory. Once we have your signed agreement, 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!