Overview

SpeedForce-Another fastest franchise opportunity

Not so long ago in the startup run, 3-4 years give or take, this business has managed to establish a monopoly of its own through their unique concept of a premium two-wheeler repair and maintenance service with Speed Force franchise.

Even so, besides just offering premium services it does so by being affordable and providing them at the maximum of their quality that this business now has its operations spread across 35+ franchises in India. It’s Speed Force we’re talking about, after all.

SpeedForce, is India’s one of the largest chains of multi-brand two wheeler auto garage that offers standard quality two-wheeler maintenance and repair services. Currently, it’s franchises are present in Gujarat, Maharashtra, Uttar Pradesh and Assam with a workforce of around 35 franchises.

Services offered

Unique selling point (USP)

Annual maintenance contract
Paid service
Major jobs
Pick up and drop
Road side assistance
Accidental support
Free services on vehicle breakdown
Discounts on spare repairs
4 year free service and 1year warranty
Reminders for maintenance

Moreover, SpeedForce has all of these services broken down into separate packages for Tier 1 cities and Tier 2&3 cities at ₹1199 and ₹999 respectively.

Low investment and high returns
Online and offline support to the customers
Wide range of services from AMC to roads side assistance

Business model

Value proposition: The value which this business is likely to provide to you is

Routine demand in terms of repairs and maintenance
High returns from a minimum investment
Wide assistance from SpeedForce

Target consumers

Competitor review

Marketing strategy

Middle and working class
Office goers
College and institution students
Auto shows
2-wheeler launch and racing events
Bikers and travellers
Highway roads

Hero services
Showroom services
Unorganised repair services

Word of mouth promotion
Billboards and hoardings
Tie ups with auto shows and events

Benefits of starting

Growth in the two-wheeler industry: The Indian two-wheeler industry sold an all time high of 21 million units in the year 2019 and this industry is expected to grow at a CAGR of 7.33% by 2024. Increasing the demand for your services through this franchise opportunity.

Brand name: This two-wheeler startup brand has managed to capture the Indian market with a presence of 35+ franchises in this country in just 3-4 years there by giving you the advantage of enjoying the pre-existing customer loyalty and familiarity it has build among consumers.

Wide range of services: This franchise provides wide range of services ranging from AMC, free pick up drop on service, toad side assistance etc meeting all the two-wheeler requirements of every consumer obstacle.

High returns and low investment: SpeedForce offers the perk of high return in low investment because of its widespread assistance and also because of the massive sales this opportunity is likely to bring to you in terms of routine demands for repairs and maintenance.

Assistance

Requirements

Qualifications

Process TAT
Support assistance as required
Personal Communication through visits
Marketing manual/kit
Annual meet/seminars
Recruitment and development
Execution of large orders
Cross referral programs
Branding and promotions

Area requirements :

Minimum of 400-500 sq ft build up area
Reasonable rental rate
Long lease agreement
Good frontage
To be set up in a prime and commercial location

Franchise requirements :

The initial agreement for a tenure of two years
Franchise fee of ₹200000

A keen interest in the service industry
A college degree (optional)
Adequate financial resources
Passion for selling concepts and basic knacks for marketing

Investment required

The investment required to set up a SpeedForce franchise is ₹7.5 lakhs – ₹10 lakhs

Profits made

The rate of return for this franchise is 45%.

Application Process

One can apply for a SpeedForce franchise

Either by contacting SpeedForce through it’s contact number or email address mentioned on the official website and leaving a query regarding the application procedure of a SpeedForce franchise.

Or by filing out the application form for franchise available on the official website of SpeedForce.

Suggestions

It’s time you catch up with speed with this SpeedForce franchise and here’s why

Firstly, the increasing demand in the two-wheeler sector because of its convenience and affordability has subjected to a derived demand for its repairs and maintenance.

Secondly, because of the wide range of services made available by this franchise you’ll encounter a massive sales and turnover.

Lastly, the assistance lent by SpeedForce and its investment requirements are all the reasons you need.

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