FullSpeed Automotive closes out 2021 with remarkable growth
Colorado-based FullSpeed Automotive, one of the nation’s largest franchisors and operators of automotive aftermarket repair facilities, closes out 2021 with remarkable growth, dominating the industry with its two flagship brands – Grease Monkey® and SpeeDee Oil Change & Auto Service®.
In 2021, FullSpeed Automotive reported an impressive 50 awarded franchise agreements, 22 brand acquisitions comprised of 61 competitor conversions, and the opening 77 combined locations – marking the company’s milestone 700th unit scheduled this month.
Largely unimpacted by the pandemic, the auto care industry is expected to grow nearly 25% and reach $477.6 billion by 2024, according to the Auto Care Association’s most recent research study. With more cars on the road, more miles driven, and the average age of cars growing into the teens, FullSpeed Automotive is well-poised for the future.
FullSpeed Automotive’s growth and performance strategy remains centered on finding the right franchisees while continuing strong operations and maximizing unit-level profitability. It looks forward to a momentous year head for both brands, with goals to reach its 1,000-unit milestone by the end of 2022/early 2023.
Grease Monkey: https://greasemonkeyfranchise.com/