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Monthly Archives: May 2021

SpeedPro Financials: Understanding this Awesome Investment Opportunity

May 26, 2021

Part of making a smart investment in a franchise is examining the numbers—comparing initial investment to earnings potential and the potential for growth. Aspiring entrepreneurs interested in SpeedPro, the nation’s leading B2B large-format printing franchise, are often delighted to learn just how great of an investment opportunity it can be.

Now more than ever, SpeedPro provides a lucrative business model that can propel owners to success. With a relatively low initial investment cost and high profit margins in a growing industry, SpeedPro truly offers “Great. Big. Opportunity.” From new studios and resales to conversion and bolt-on business opportunities, SpeedPro has multiple ways to get on the ownership track.

How much does it cost to get started?

SpeedPro’s initial investment is competitive for the industry and is accessible to many business owners thanks to attainable financing options like SBA loans and 401(k) Rollovers.

On average, investing in the SpeedPro business model and building out your studio costs between $207,100 – $299,150*. This investment includes things like:

  • $49,500 franchise fee* – discounted fee offered to Veterans
  • Minimum $45,000 working capital*
  • $20,000 initial marketing fee*
  • $103,110 all-inclusive startup package*
  • $5,000 miscellaneous fees*

This initial investment covers everything you need to get your studio up and running, including preliminary lead generation and digital marketing, SpeedPro training and resources, studio furniture, production equipment and more.

What’s the earning potential for a SpeedPro owner?

One of the biggest things that sets SpeedPro apart is our nearly unparalleled gross profit margin. Because the cost of goods for large-format signs, window graphics and vehicle wraps are relatively inexpensive, SpeedPro owners have the potential to make great profits. The average gross profit margin of the top 25% of SpeedPro owners is 68%*!

In terms of earning potential, the top 25% average gross sales is $963,462, and the average owner’s discretionary profit is $272,777*. It’s clear that SpeedPro opens the door for profitable business. Owners just need to remain driven to building local relationships and delivering top-quality service.

Why invest in SpeedPro?

Aside from the raw numbers, there are a few other things that make SpeedPro attractive to aspiring business owners looking for great earnings potential.

  • Low overhead: SpeedPro studios can be operated with low overhead from the start. Most studios begin with just two employees and are able to scale over time to meet the needs of the business. Paired with a wide range of potential clients, this offers you unlimited scalability.
  • Ability to earn revenue early: The SpeedPro Kickstart Program creates the opportunity to earn revenue before your studio even opens! This program helps you network in your local community and build business relationships right away, so you can generate revenue before your studio gets into full swing.
  • Growing industry: The large-format printing industry is distinct from other printing types like small-format flyers and business cards. Companies are increasingly focused on drawing attention from customers, leading them to purchase large-format print products like window graphics and event banners. SpeedPro is the perfect franchise to capitalize on this growing pool of opportunity. Additionally, SpeedPro is well-positioned to meet market needs after COVID-19 and the high demand for updated business/safety signage.
  • Diversified client verticals: Diversified B2B client verticals offer abundant revenue opportunities for SpeedPro success in your region. Your studio can choose to target small businesses, large corporations, educational systems, healthcare systems, event venues, trade show companies, ad agencies and so much more. The sheer number of potential clients opens the door for multiple revenue streams and recurring business.

Owning a SpeedPro franchise allows you to set your own schedule and be your own boss, all while capitalizing on immense potential for financial success. Interested in learning more? Fill out our contact form to inquire about joining our growing community of SpeedPro studio owners!

*Figures reflect 2021 Franchise Disclosure Document (FDD)

How SpeedPro Offers GREAT. BIG. GROWTH.

May 20, 2021

The ambition of a driven franchise owner knows no bounds. Many franchisees take pride in building their businesses to new heights. At SpeedPro, we give entrepreneurs the chance to expand as much as they want within their market through seemingly endless business opportunities and a wide range of client verticals.

The SpeedPro business model is exclusively B2B, but that doesn’t mean our client segments are limited! Our product line is ideal for all kinds of businesses—from churches and schools to major corporations and universities. SpeedPro studio owners target three main client segments, each of which encompasses a large number of businesses to whom you can sell your services.

If you’re a determined entrepreneur looking for GREAT. BIG. GROWTH., here’s how SpeedPro can help you achieve it.

Client segment 1: Small-format printers

The SpeedPro product line includes exclusively large-format print projects, including window and floor graphics, wall murals, event banners, vehicle wraps and tradeshow signage. This means that we’re not a threat to small-format printers that provide clients with things like business cards, brochures and flyers. Instead, our products are complimentary to those print businesses, creating ample opportunity for business partnerships.

By partnering with small-format printers in the area and serving as a white-label provider of large-format print products, SpeedPro franchise owners can capitalize on existing client bases and revenue streams from those businesses. This makes small-format print partnerships a great starting point for many new franchisees before they’re able to build up their own roster of independent clients.

Small-format printers trust SpeedPro because of our in-depth expertise and industry experience—not to mention our excellent product quality and customer satisfaction.

Client segment 2: Advertising & event agencies

The ability to forge and maintain business-to-business partnerships makes SpeedPro an excellent vendor for other client-facing service providers, too. Our print studios are natural wholesale partners to event planners, advertising agencies and marketing and design firms because we can deliver consistently high-quality print products to their clients.

Much like with small-format printers, partnering with advertising and event agencies allows our owners to tap into existing pools of clients and benefit from established, trusted relationships. By serving as a provider to these agencies’ clients, SpeedPro franchises benefit from repeat business and diversified revenue streams. 

Client segment 3: Businesses & corporations

Finally, SpeedPro owners excel at forming direct relationships with corporate marketing departments and independent businesses to meet their large-format printing needs. There are seemingly endless opportunities in this client segment. Any business or corporation in your market—whether it’s a small, family-owned business, a Fortune 500 company, a university or even a government agency—is a potential client. Better yet, a large portion of these clients need multiple projects over time, providing SpeedPro franchise owners with repeat business.

By networking in your area, you can build a diverse pool of clients that turn to you directly for all the large-format print products they require. As companies continue to compete for consumer attention and look for branding opportunities, the printing products SpeedPro has to offer will only become more important.

Unlimited scalability awaits

The SpeedPro business model allows franchise owners to scale their operation naturally as their business grows. As you build your client roster, you can hire more employees and invest in more equipment to take on more and more projects. And, we help franchisees grow from a single location with the ability to sell nationally.

With the large-format print industry growing at an exponential pace and your studio equipped for scalability from day one, the sky is the limit when it comes to how big your impact can be!

If you’re an ambitious, relationship-driven entrepreneur, SpeedPro might be the perfect opportunity for you. Fill out our contact form to learn more about our business model and the Great. Big. Growth. that awaits you!

Choosing Between a New or Resale Printing Studio

May 10, 2021

When most entrepreneurs consider purchasing a franchise, they think about launching a brand-new business in an untapped market. However, there is another path to franchise ownership. In some markets, you may be eligible to invest in a resale location that’s already been established in the area.

There are pros and cons to both building a new business and purchasing an existing one. Which option you choose will depend on your goals as a franchise owner and the opportunities available in your city. Before you begin your franchise discovery process, consider which option is best for you.

Building a new location in a new market

The most common choice for new franchisees is to invest in a brand-new business in a new market for the franchise. This gives business owners the opportunity to build their companies from the ground up.

Opening a new SpeedPro studio gives you the experience of choosing where you will locate your B2B business, hiring a team of employees, and growing the business through your own hard work. SpeedPro franchisees offer services that are applicable to multiple client verticals so you can focus on the verticals that interest you the most from the start. And, SpeedPro owners actually have access to programs that generate business for the new franchise before the studio opens for business. This is a rewarding prospect for many aspiring franchisees.

However, starting a brand-new franchise location is not without its challenges. It can be difficult to launch a business in a new market—especially one that may be unfamiliar with your brand. You’ll need to spend more time networking and marketing to attract customers and help the community understand what you have to offer. But, with the support of SpeedPro Home Office in areas such as marketing, equipment, technology and training, and the support of other peers in your franchise network, your SpeedPro studio will be well-positioned for success as you grow it from the ground up.

Purchasing an existing resale business

The other option business owners have when buying into a franchise is to invest in a franchise resale opportunity. When a franchise owner is ready to exit the system, they might decide to sell their established business. Aspiring SpeedPro owners can purchase it and take the helm, but this will result in a slightly different franchising experience.

Buying an existing franchise allows you to skip the difficult decisions you’d have to make if you started at zero. The business’s location and, often, its team are already in place, allowing you to dive right into franchise operation. What’s even more appealing is that most existing SpeedPro franchises have established client bases and are a known entity in the region. 

While every franchise sale will be different, buyers of existing businesses might encounter some challenges as well. The risk level for this type of purchase will depend on a number of factors, including the business’s value and financial history, why the owner is leaving the system and current market conditions.

Specialized training and additional support is in place with SpeedPro, so you will definitely not be “going it alone.” The SpeedPro L.A.U.N.C.H. program is in place specifically for helping a new studio owner of a resale location train, learn, and grow from the current owner as well as support and training from Home Office.

Which franchise option is right for you?

Aspiring franchise owners should consider their business and financial goals when choosing between a new or resale franchise opportunity. Location will also play a big part in your decision. You may have your heart set on a particular market, only to find that the market is unavailable. In this case, resale opportunities could provide the clearest path to becoming a SpeedPro franchisee.

The best place to start you search is with a one-on-one, no-obligation conversation with the SpeedPro franchise development. SpeedPro wants to meet you, hear your goals and objectives for becoming a franchise owner, and determine if SpeedPro could be the right opportunity to you.

SpeedPro has a network of studio locations available in top markets throughout the United States, Canada and other international opportunities as well. Fill out our contact form to learn about our new and resale business opportunities!