FullSpeed Automotive® Brands Land in Top 15 of Entrepreneur’s 2023 Top Franchises for Veterans List

GREENWOOD VILLAGE, Colo. – FullSpeed Automotive® flagship brands Grease Monkey® and SpeeDee Oil Change & Auto Service® have been recognized by Entrepreneur Magazine as a Top Franchise for Veterans for the sixth year in a row. The ranking highlights the top franchise companies that offer incentives to veterans who join their systems. Grease Monkey and SpeeDee Oil Change & Auto Service both rose in the ranking this year and came in at number three and number 12, respectively.

This year, nearly 500 companies applied to be considered for Entrepreneur’s annual ranking of the Top Franchises for Veterans. To determine the top 150 from that pool, Entrepreneur evaluated their systems based on several factors, including the incentives they offer veterans (such as franchise fee discounts), how many of their units are owned by veterans, whether they offer any franchise giveaways or contests for veterans, and more. The ranking also took into account each company’s 2023 Franchise 500 score, based on an analysis of 150-plus data points in the areas of costs and fees, size and growth, franchisee support, brand strength, and financial strength and stability.

"If you want to see what the perfect franchisee looks like, just go find a military veteran," said Jason Feifer, editor in chief of Entrepreneur magazine. "These are organized, diligent, solutions-oriented leaders who understand how to work within and execute systems. It's no wonder that so many franchises offer incentives to attract veterans, and we're thrilled to highlight the top brands that do it."

Grease Monkey jumped up three spots, moving from number six in 2022 to number three in 2023. SpeeDee Oil Change & Auto Service moved up two spots from number 14 in 2022 to number 12 in 2023. Grease Monkey has landed on the list for the sixth year in a row, and SpeeDee has been ranked for the fifth year in a row. Both brands are IFA VetFran members, and offer a $10,000 discount off the franchise fee for Veterans as well as rebates on royalty fees for the first two years.

“We are thrilled to continue moving up the list at Entrepreneur as a Top Franchise for Veterans,” said Ron Stilwell, President of FullSpeed Automotive. “It’s our goal to continue to create opportunities and provide incentives for veterans to make being an entrepreneur more accessible and attainable. Veterans have many of the characteristics that we look for in a franchisee—hardworking, able to follow a system, and a desire to help others. We value our veterans and want to give back to them as a thank you for their service.”

Over the years, FullSpeed Automotive has seen many veterans become highly successful as franchisees in the automotive aftermarket repair industry due to their strong work ethic and motivation to succeed.

“FullSpeed brands have an excellent program for veterans,” said Navy Veteran and SpeeDee franchisee, Mike Guasch. “They do a lot to attract and support veterans by creating programs and offering discounts to help their veteran franchisees ramp up quickly.”

Now boasting more than 900 company, franchised, and licensed units, FullSpeed aims to achieve its growth goal of 1,000 units by the end of 2024. FullSpeed Automotive is looking to bring on qualified and engaged individuals seeking single, multi-unit, and conversion opportunities.

When franchisees invest in FullSpeed Automotive brands, they’re investing in an organization with a strong culture, solid systems, and proven business models backed with a combined 70+ years of experience in providing quality car care in the industry. FullSpeed Automotive’s acquisition strategy has also played a key role in nationwide expansion and remains a strong business focal point for growth.  

For more information on FullSpeed Automotive and the company’s flagship brands, visit www.fullspeedautomotive.com,  greasemonkeyfranchise.com, and speedeeoilfranchise.com, or call 800-364-0352.

About FullSpeed Automotive®
FullSpeed Automotive is among the nation’s largest franchisors and operators of automotive aftermarket repair facilities and home to flagship brands Grease Monkey, SpeeDee Oil Change & Auto Service, and Kwik Kar. FullSpeed brands offer oil changes, tire sales and rotations, brake services, car washes, and other ancillary services through multiple brand formats that target several desirable segments of the service market. The company’s strategic geographic footprint of 900-plus franchised and company-owned locations provide density in high growth markets. In 2023, both Grease Monkey and SpeeDee were included in Entrepreneur’s prestigious Franchise 500 ranking. FullSpeed is headquartered in Greenwood Village, CO. For more information, go to www.fullspeedautomotive.com.

About Grease Monkey®
Founded in 1978 and part of the FullSpeed Automotive family of brands, Grease Monkey has more than 40 years of expertise in oil changes and automotive maintenance. There are more than 490 Grease Monkey auto centers in the United States, China, Colombia, Mexico, and Saudi Arabia. In 2023, Grease Monkey was included in Entrepreneur’s prestigious Franchise 500 ranking for the seventh consecutive year, and ranked #69 on Entrepreneur’s First-Ever List of Top Franchise Brands for Multi-Unit. Grease Monkey is also proud to have received the VetFran 5‐Star rating demonstrating its extraordinary commitment to “provide access and opportunities in franchising to our Nation’s Veterans and their Spouses.” For more information, go to www.greasemonkeyfranchise.com.

About SpeeDee Oil Change & Auto Service®
Founded in 1980, SpeeDee Oil Change & Auto Service is a franchise-based full-service automotive care company headquartered in Greenwood Village, CO. SpeeDee is a subsidiary of FullSpeed Automotive. There are more than 185 SpeeDee auto centers located throughout the United States and Mexico. In 2023, SpeeDee Oil Change & Auto Service was included in Entrepreneur’s prestigious Franchise 500 ranking for the fifth consecutive year. SpeeDee is also proud to have received the VetFran 5‐Star rating demonstrating its extraordinary commitment to “provide access and opportunities in franchising to our Nation’s Veterans and their Spouses.” For more information, visit www.speedeeoilfranchise.com.