Spiffy Franchise FDD, Costs & Fees (2024)

KEY FRANCHISE STATS

All you need to know about this franchise in a snapshot

Initial franchise fee
$40,000
Investment required
$91,000 - $149,000
Royalty fee
4% - 7%

Spiffy: Leading the Way in Tech-Driven, Eco-Friendly Car Care

Based in Durham, North Carolina, Spiffy stands out as a tech-driven service franchise accessible through an intuitive mobile app. This innovative platform offers a range of car care services that emphasize convenience and safety, adhering to a 100% zero-contact approach.

Their services encompass oil changes, disinfection, hand car washing, tire repair and replacement, and preventative maintenance. Founded in 2014 by Scot Wingo and Karl Murphy, Spiffy aimed to revolutionize car care with eco-friendly and convenient solutions for both individual customers and fleets. The franchise began expanding in 2020.

Spiffy sets itself apart as an environmentally conscious service franchise driven by advanced technology. The platform allows franchise owners and customers to easily schedule, track, and pay for cleaning and maintenance services. Spiffy’s services can be accessed through their website or via user-friendly apps for Android and iPhone.

Investing in a Spiffy franchise offers a unique opportunity for those passionate about transforming the car care industry. With a strong focus on environmental sustainability and innovation, Spiffy operates within a market valued at over $14 billion.

Initial investment

Here's what you would need to invest if you were to start this franchise. These costs are provided by the franchisor in the Franchise Disclosure Document.

Type of Expenditure Amount
Initial Franchise Fee $36,000 - $40,000
Software Set Up Fee $2,000
Core Service Van Down Payment $0
Core Service Van Lease Payments $3,300 - $9,900
Management Training Fee $5,000
Construction, Leasehold Improvements, Furniture and Fixtures $0 - $5,000
Office/Warehouse Lease $6,000 - $15,000
Rent Deposits $2,000 - $5,000
Supplies, Inventory, Equipment $21,500 - $27,500
Computer, Hardware $3,000 - $5,000
Non-Spiffy Software $250
Spiffy Software $1,500
Utility Deposits $500 - $1,000
Insurance Deposits and Premiums $1,500 - $4,500
Pre-opening Travel Expense $750 - $1,500
Initial Advertising $2,000 - $3,500
Professional Fees and Business Licenses $500 - $1,000
Office Equipment and Supplies $500 - $1,500
Additional funds – 3 Months $5,000 - $20,000
Total $91,300 - $149,150

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Number of units

2023
Franchised units

0

10

16

Company-owned units

22

30

36

Total units

22

40

52

Franchise Disclosure Document

Training 

The training program offered to Spiffy franchisees encompasses several vital components:

Initial Training Program: Aimed at the Operations Manager and up to two additional individuals chosen by the franchisee and approved by the franchisor, this program covers essential pre-opening and operational procedures. Franchisees bear all associated costs, including travel, accommodation, meals, and wages.

Additional or Supplemental Training: Upon request by the franchisee or at the franchisor’s discretion, further training can be provided. This may include guidance on system-related methods and procedures, such as marketing, advertising, management, and administration. The franchisee is responsible for the expenses incurred during this additional training.

Conferences and Conventions: The franchisor may conduct industry-related conferences and training sessions pertinent to the franchise business's operations. Attendance at these events might be required, with franchisees typically covering the costs involved.

Ongoing Support and Evaluation: The franchisor ensures continuous support through regular supervision, inspections, and evaluations of the franchisee’s operations. This includes sharing updates on new developments, techniques, and improvements in management, employee training, marketing, sales, and customer service.

Territory Protection

Spiffy ensures territory protection for its franchisees. Each franchisee is granted a defined territory where the franchisor commits not to operate or license another Spiffy-branded business, with certain exceptions such as National Accounts programs.

The territory's size is generally based on population or a specific geographic radius. Franchisees must obtain the franchisor's permission to operate outside their designated territory, thereby maintaining exclusivity within their assigned area.

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