Monthly Archives: January 2023

SpeedPro: Start Your Franchise Simply

January 19, 2023

Small business ownership isn’t known for being especially simple. There’s a lot of research and effort involved in making sure your business model is set up for a successful launch. This is part of the reason franchising is so appealing to entrepreneurs; a lot of the hard work is done for you.

At SpeedPro, we take pride in the simplicity our large-format printing franchise offers new owners. From our startup package, to our robust training plan, to our Studio Ramp-Up program, we make it easy for franchisees to hit the ground running quickly. Here’s how.

Turnkey startup

High-quality printers, cutters and other equipment are critical to the successful operation of a business like SpeedPro. But the industry is always changing. New technologies refine the printing process and provide better, faster, and more sustainable products. It would require a tremendous amount of research and development for owners to stay up to date on the latest printing innovations.

Fortunately, SpeedPro takes the guesswork and difficulty out of launching a large-format print business. Each new Studio owner gets our turnkey startup package as part of their franchise investment. This package includes the printers, materials and office supplies they need to get their business up and running quickly. What’s more, new SpeedPro franchise owners can start selling, processing, and handling orders before their Studio even opens its doors. How many businesses can do that? Not many!

Franchisees don’t need to spend days or weeks researching and testing to find the right equipment for their business. We’ve done the heavy lifting on the innovation front and pass that along to every owner for their immediate use!

Comprehensive training

Both entrepreneurs with and without printing experience can be successful in the SpeedPro model. How? Because we ensure everyone is equally up to speed through our robust training program. New owners can bring their unique experience to the business and rely on us to fill in the rest.

After signing the franchise agreement, new owners are put through the SpeedPro onboarding process, which includes a two-week intensive training period at our Denver, Colorado, home office. Over those two weeks, owners learn everything they need to know about franchise management, sales, equipment operation and production. This sets the stage for each franchisee to get started without a steep or extended learning curve. Just two weeks, and you’ll be ready to open for business!

Education doesn’t stop there, either. SpeedPro provides ongoing training and support to keep owners up to speed on industry changes, new equipment and materials and more. This allows franchisees to continue learning and growing as a SpeedPro owner for even greater success.

Ramp-up program

The first few months are critical to a new business’s success. The decisions you make and your sales performance as you get up and running can lay the groundwork for future performance. SpeedPro understands that there’s a lot of stress surrounding the launch of a new Studio, which is why we created the Ramp-Up program.

This program allows new owners to get to work even before they open their Studio doors. SpeedPro consultants work closely with each owner to teach them about our products, explore marketing efforts and sales tactics to pave the path toward success. Then, new owners are partnered with a buddy Studio nearby to begin fulfilling orders for new clients.

What our Ramp-Up program does is allow franchisees to build a new client pool and begin generating revenue as early as possible. This minimizes the stress of the initial startup period by letting new owners really hit the ground running.

Stress less with SpeedPro

At SpeedPro, we’ve made a conscious effort to make the startup process as seamless and stress-free as possible. Our franchisees are able to learn, build and grow their businesses quickly, without spending time on research or waiting to serve eager customers. By taking some of the most labor-intensive parts of business ownership off your plate, we allow you to truly start your business simply. Reach out today to learn more about our large-format printing franchise opportunity!

Add SpeedPro to Your Franchise Portfolio

January 5, 2023

If you’re a franchise owner who’s looking to build a portfolio of investments, it can be challenging to determine which businesses are the best fit. You might want to branch out from your first franchise system, but you also don’t want your businesses to compete with one another.

SpeedPro, the nation’s leading wide-format printing franchise, is a great choice for franchisees interested in adding a new business to their portfolio. Large-format printing makes a great complement to almost any business, and our system is built in a way that keeps overhead low and profit margins high. Here’s why you should consider adding SpeedPro to your franchise portfolio.

Reduce risk with low overhead

Finances are the biggest factor to consider when choosing to expand your franchise portfolio with a new business. But beyond the initial franchise investment cost, you need to think about how much the franchise will cost to operate over time. Investing in a high-overhead business while you already own several others could put you in a tight spot financially. You want to make sure you have the cash flow and reserves needed to keep all businesses stable.

Selecting a low-overhead business like SpeedPro will allow you to minimize your upfront investment as well as ongoing costs. SpeedPro’s model is lean, requiring a small team of employees, and a modest Studio space. Better yet, SpeedPro boasts industry-leading profit margins of around 68 percent (per our 2022 FDD). We leverage strong buying power within our network of equipment and materials vendors, keeping our cost of doing business low and our returns high.

Assemble non-competing businesses

The type of business you add to your franchise portfolio can make a big difference. A diversified portfolio holds less overall risk for the franchisee. Even if downturns affect one industry, businesses in other sectors can keep your portfolio afloat.

The key to building a diversified franchise portfolio is assembling businesses that aren’t competitors. Instead, you want to find brands that complement one another.

In SpeedPro’s case, large-format printing sits in a small niche of businesses. We’re not a competitor to customer-facing printers, nor are we competing with B2B small-format printers. If you own franchises in the marketing, advertising, or other B2B services spaces, SpeedPro would be a great complement.

Create a built-in print provider

SpeedPro isn’t only complementary to B2B service brands, though. Given the nature of our products, SpeedPro can be useful within a portfolio of franchises from almost any industry. This is because of the products we offer.

SpeedPro’s large-format print products provide benefits to any business in need of branding or marketing materials. The cost of these products add up when they’re coming from external providers. If you own a SpeedPro Studio, though, your other businesses have a built-in, reliable vendor for large-format print graphics! You can harness the ROI from SpeedPro’s vehicle wraps, window graphics, signage and more to bolster sales performance across your entire portfolio.

Scale as you need

One last element that makes SpeedPro a worthy addition to any franchise portfolio is the ability to scale your operation within a single Studio. Franchise owners often hit a “cap” at which their franchise location isn’t able to sustain more business. At that point, they have to open a new location in order to continue growing—and that requires a lot of hands-on work upfront.

SpeedPro doesn’t operate this way. Our model is designed to scale when and as much as an owner wants by adding more equipment, team members, and sales outreach. If your sights are set high, national sales are possible from your initial location. This allows an owner to skip the repeated “launch” period involved with multi-unit franchise investment and simply build off the strong foundation you set in the beginning.

Large-format printing is a growing industry with diverse verticals and tremendous potential. If you’re interested in adding a new business to your franchise portfolio, reach out to SpeedPro to learn more today.