Why SpeedForce is the car washing and detailing Franchise in India in 2024
Written By: Yukta Palekar
Speed Force Franchise is a renowned car washing and detailing Franchise. You may review all pertinent facts before making a franchise investment choice.
About the Speed Force franchise
Speed Force, a startup in India, has established a monopoly in the two-wheeler repair and maintenance service industry with its unique concept. With over 35 franchises across India, it offers premium services at an affordable price.
The business is one of the largest chains of multi-brand two-wheeler auto garages in the country, currently operating in Gujarat, Maharashtra, Uttar Pradesh, and Assam, with a workforce of around 35. Speed Force’s services are renowned for their high-quality and affordable services, making it a top franchise opportunity in India.
Speed Force Franchise Business Model
The business model offers routine repair and maintenance services, high returns, and wide assistance from Speed Force. Target consumers, word-of-mouth promotion, billboards, hoardings, and tie-ups with auto shows and events are key marketing strategies. Competitor reviews, hero services, showroom services, and unorganized repair services are also available.
Speed Force franchise offers various services including annual maintenance contracts, paid services, major jobs, pick-up and drop, roadside assistance, accident support, free services, discounts on spare repairs, 4-year free service, 1-year warranty, and maintenance reminders.
These services are available in separate packages for Tier 1 and Tier 2&3 cities at ₹1199 and ₹999 respectively. The company offers low investment and high returns.
Advantages of Speed Force Franchise
The Indian car washing and detailing industry is experiencing significant growth, with an all-time high of 21 million units in 2019. This growth is expected to reach a CAGR of 7.33% by 2024, making franchising an opportunity for businesses.
A two-wheeler startup brand, Speed Force, has successfully captured the Indian market with 35+ franchises in just 3-4 years, gaining customer loyalty and familiarity.
The franchise offers a wide range of services, including AMC, free pick-up, drop-on, and roadside assistance, meeting all consumer needs. Speed Force offers high returns and low investment due to its widespread assistance and massive sales in routine repairs and maintenance.
Investment and other documentation are required for the Speed Force Franchise
The Speed Force Franchise is an opportunity for an automobile maintenance and repair business with a 300-400 sq. ft. unit/shop area, a commission percentage of 100%, an infrastructure investment of Rs. 5-10 lakh, and a ROI timeframe of 12-18 months.
The franchise fee is Rs.50,000 - Rs.1 lakh, and the infrastructure investment is Rs.5-10 lakh. The franchise commission is 100%, and the franchisor is flat 0%. The revenue per customer ranges from Rs.1000 - Rs.15000, and the GST rate is 18%.
The franchise requires a franchise agreement, a photo, a business PAN, a business TAN, a GST registration certificate, and proof of ownership. The franchisee must be aged 23 or above and have business experience or academic qualifications.
Why Invest in a Car washing and Detailing Franchise Business in India?
- Profitable Venture in Growing Car Market: The rapidly growing car market in India creates demand for car repair and cleaning services. Car detailing is a profitable venture in response to the increasing need for automotive services.
- Simplifying Lives in Growing Cities: Growing cities result in a demand for services that simplify people's lives. Car detailing has become a convenient choice for urban dwellers seeking efficient solutions.
- Lower Initial Investment: Car detailing franchises typically require a smaller initial investment. Suitable for business owners with limited funds, offering accessibility to a broader range of entrepreneurs.
- Diversification with Related Goods and Services: Franchises can diversify revenue streams by selling accessories, maintenance products, and simple repairs. Expanding the range of offerings enhances customer engagement and overall profitability.
- Market Expansion through Franchising: Participating in franchising can lead to market expansion and increased brand presence. Offers a scalable model to tap into the growing demand for car detailing services.
- Variable Profitability Factors: Profitability hinges on factors such as location, competition, and overall business management. Effective marketing strategies and maintaining service quality are critical for sustained success.
- Strategic Business Elements: Charging models and pricing strategies should align with market dynamics and customer expectations. Successful business management involves strategic decision-making and adapting to market trends.
- Income Growth with Market Expansion: As the car detailing market expands, franchise businesses have the potential for increased income. Continuous adaptation to market trends and consumer preferences is key for sustained growth.
Factors Affecting the Car Wash & Detailing Market
The Mobile Car Wash and detailing Market is expected to grow due to increasing environmental regulations and the increasing interest of car and commercial vehicle owners in maintaining and upkeep their vehicles. Professional vehicle washes are expected to be more popular due to these factors.
Challenges faced in car wash and detailing business
The car wash and detailing market faces challenges due to high service prices, compromising quality while providing high accessibility. The market's upward trend is slowed by the gap between alternative methods and the high cost of mobile car wash services.
Automated in-bay car wash services offer an affordable and practical alternative, offering quality, convenience, safety, premium cleaning, and expertise, despite the high cost.
India’s Car washing and detailing Market Size
- Projected Valuation: The market is expected to reach a valuation of US$ 106.271 billion by 2023—anticipated growth of 9% from 2023 to 2033.
- Accessibility and Time Efficiency: Key driver: Accessibility and time-saving benefits. Cost-effectiveness makes it a popular choice in today's busy world.
- Global Expansion: The market is expanding globally. Businesses are increasingly focusing on digital aspects.
- Digital Presence: Every company in the sector is establishing an internet presence—emphasis on digital strategies for business success.
- Market Size Projections: Expected market size to reach US$ 251.583 billion by 2033. Reflects the growing demand and potential for the mobile car wash and detailing business.
Some car washing and detailing Franchise options that can be considered in 2024
Active Detailing is a leading automotive detailing and cleaning franchise in India, offering a wide range of services including PPF, Graphene Coatings, Ceramic Coatings, exterior detailing, and Car Wash.
With over 25 years of experience, the company uses the latest technologies and equipment to deliver superior results. Active Detailing understands that each car is unique and deserves individual attention.
They cater to your needs, whether you want your car to look its best for a special occasion or need regular detailing.
They provide top-quality services at competitive prices. The investment range is Rs. 20lakhs-30lakhs.
Detailing Don Car Detailing Franchise in India is a popular independent car detailing company in Mumbai, known for providing high-quality services at affordable prices. Established in 2017, the company has grown into one of the most popular car detailing franchise opportunities in India.
The company's vision is to provide top-notch services, offering the best value and return on investment for dynamic entrepreneurs. Their mission is to provide high-quality services ahead of competitors, strengthen the brand through franchising, and offer excellent growth opportunities for budding entrepreneurs in the automotive industry.
The investment range for this franchise opportunity is between Rs. 10 Lakhs and 15 Lakhs.
Lords of Detailing is a franchise in India that offers entrepreneurs the opportunity to reign over their territory's vehicular aesthetics market. With comprehensive training and support, franchisees can ascend to the throne of automotive detailing prosperity.
With an arsenal of microfiber sorcery and precision incantations, Lords of Detailing summons a renaissance of gleam and finish, resulting in each vehicle emerging as a sovereign masterpiece. The investment range is Rs. 20lakhs-30lakhs.
Detailing Daddy aims to revolutionize car owners' maintenance practices, focusing on the excitement and pride associated with purchasing a new car, with an investment range of Rs. 20 lakhs to 30 lakhs.
Wheel Care has been a tire accessories company since 2001, specializing in wheel alignment, wheel balancing, automated tire changing, emission tests, and nitrogen filling. With state-of-the-art technology, they offer franchisee benefits and a complete "Wheel Care'' business model.
They help with project planning, designs, setup, staff training, service supervisor assistance, and investment ranging from Rs. 40 Lakhs to Rs. 50 Lakhs.
Speed Force, an automobile maintenance company, offers lifetime franchises with set-up times of 45 days and fees ranging from INR 50,000 to INR 1,00,000. With a brand value of 4.48/5 and a rating of 4.50/5, this profitable business model is ideal for vehicle repair stores.
FranchiseBazar offers various options for entrepreneurs, including car wash, auto body repair, and oil change franchises, making it an excellent investment opportunity.
Q.1. How much does the franchise fee cost?
This brand's franchise cost ranges between INR 50,000 to INR 1,000,000.
Q.2. What is the brand's ROI timetable?
The brand's ROI time frame is 12-18 months.
Q.3. Is there a master franchise for this brand?
No, there is no master franchise available for this brand.
Q.4. Is it profitable to own a brand franchise?
The brand franchise is, indeed, profitable.
Q.5. How much money is needed to invest in this brand?
To launch a franchise of the business, an initial franchise fee of INR 50,000 to INR 1,00,000 is required, as well as an infrastructure investment of INR 5 Lakhs to INR 10 Lakhs.
Disclaimer: The brands mentioned in this blog are the recommendations provided by the author. FranchiseBAZAR does not claim to work with these brands / represent them / or are associated with them in any manner. Investors and prospective franchisees are to do their own due diligence before investing in any franchise business at their own risk and discretion. FranchiseBAZAR or its Directors disclaim any liability or risks arising out of any transactions that may take place due to the information provided in this blog.
Written By: Divisha Pandey
Written By: Divisha Pandey
Written By: Divisha Pandey
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