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Monthly Archives: May 2023

Explore SpeedPro’s GREAT. BIG. Revenue Potential

May 25, 2023

There are many benefits that attract aspiring franchisees to the SpeedPro business model. Our low-overhead operation, supportive team mentality, nationwide network and unlimited scalability are all big draws to the right kind of entrepreneur. But beyond that, we understand your franchise decision is greatly influenced by the numbers—how much your investment costs and how much you can ultimately earn from the business.

If you’re interested in joining the thriving B2B large-format printing industry, take a look at the numbers from SpeedPro’s 2023 Franchise Disclosure Document (FDD). Our success speaks for itself!

How much can you make with SpeedPro?

SpeedPro’s year-over-year financial performance is a great indicator of the strength of our industry and the tremendous potential awaiting new Studio owners. Systemwide, SpeedPro’s franchises generated over $99 million in gross sales in 2022*. This reflects a 32% year-over-year increase in sales from 2021, which saw $75 million in gross sales.

In terms of an individual franchisee’s earning potential, the average gross sales from SpeedPro’s top quartile (25%) is $1,595,290, with an average owner’s discretionary profit of $422,234*.

As the large-format printing industry grows and becomes even more efficient, SpeedPro Studio owners can take advantage of our business’s nearly unmatched gross profit margin of 68%, on average. This paves the way for our owners’ long-term success.

SpeedPro’s initial investment costs

It’s not only about how much you can make. It’s also about how much it costs to get started. SpeedPro is proud to help franchisees begin with a low initial investment relative to the industry.

The average cost to open a new SpeedPro Studio ranges from $246,382–$329,114*. This cost is inclusive of the initial franchise fee of $49,500, working capital, marketing fees and our all-inclusive startup package, which provides everything from printers and equipment to studio furniture. 

Many new SpeedPro franchisees finance this initial investment by using an SBA loan, personal savings or a 401(k) Rollover. Combined with the relatively low investment cost, these options make SpeedPro an accessible business for many.

4 factors driving SpeedPro financials

Our FDD is a strong validator of SpeedPro’s financial performance. However, it’s also important to look further down the road and understand what’s helping to drive our revenue potential. Both SpeedPro’s operational structure and trends in the large-format printing industry can help owners maximize their earnings once their Studio is up and running.

  • Low overhead: The overall cost of operating a SpeedPro Studio is low compared to other business types. Studios can be opened with just one or two employees and a modest amount of equipment. Owners can then scale with more employees and equipment additions as they grow their client portfolios. This keeps monthly overhead low and allows you to maximize profit.
  • Broad range of substrates: Innovations in the large-format printing industry have helped companies like SpeedPro broaden their product offerings. Our printers work on a wide array of substrates, from paper and vinyl to wood, glass and textiles. This allows owners to promote the most cost-effective substrates for better profit margins. It also drives more revenue by offering a wider range of options to customers.
  • Diverse client verticals: In addition to offering a variety of products, SpeedPro Studios have the ability to serve a wide array of clients. Our model is set up to serve nearly any business or organization with signage, marketing and advertising needs. Studio owners can forge partnerships with local businesses, school districts, nonprofits, event planners and small-format printing providers. This allows for tremendous revenue potential while reducing business risk for our owners.
  • Repeat business partners: Part of the reason SpeedPro is so successful is because of the partnership approach we bring to customer relationships. We’re not merely a print provider—we’re our clients’ partner in large-format product ideation, printing and installation. Our top-quality service encourages customers to return again for future advertising needs, driving repeat business and improving customer ROI.

Get your start with SpeedPro

The numbers speak for themselves. SpeedPro has experienced year-over-year sales growth as our franchise system expands to new locations. Don’t wait to join in on this exciting franchise opportunity and launch your own lucrative business!

Reach out to learn more about our large-format printing franchise system and begin your journey to ownership today.

* Figures reflect 2023 Franchise Disclosure Document (FDD)

SpeedPro’s Connection to Community

May 8, 2023

Many aspiring franchisees pursue small business ownership for the independence, work-life balance and earning potential entrepreneurship can offer. However, there’s another exciting benefit that comes with running a B2B business in your local community. When you open a new SpeedPro Studio, you’re not merely becoming a provider of large-format print products. You have the opportunity to become part of the fabric of your local community.

SpeedPro Studios serve a diverse pool of clients with a vast array of large-format products. By forging partnerships with other local businesses and organizations, you can deepen your business connections, support initiatives that are important to you and enhance your community.

Our local approach facilitates community connections

Community connections are baked directly into the SpeedPro franchise business model. Even before your Studio doors open, you’ll join networking groups and get involved in your local business community to generate leads. Although SpeedPro Studios can grow to serve a national footprint, most franchises begin by selling in their immediate communities, where they can forge the strongest partnerships.

After you’ve developed some initial relationships, word-of-mouth referrals from happy customers will further spread your Studio’s reach and clientele. Our top-notch quality and excellent service leaves a lasting impression on customers, leaving them likely to return and spread the word. From there, it’s easy to build deeper connections with businesses throughout the community.

What’s critical to SpeedPro’s B2B franchise model is our ability to serve any type of organization—from other small businesses, to marketing agencies, school districts, and real estate agents. Our products help these organizations sell their products and services, promote events, fundraise and much more. Essentially, our business helps other businesses be successful!

This is a win-win scenario for everyone. SpeedPro Studio owners benefit by earning more revenue from a diverse pool of customers, and local organizations receive exceptional-quality large-format print products that suit their marketing needs. It’s this mentality that helps our Studios become staples in each community.

How SpeedPro franchisees can support their communities

Each SpeedPro owner has the freedom to focus their sales efforts on whatever customer segments they choose. Studio owners are encouraged to support initiatives specific to their community by helping organizations promote their causes, events and services.

SpeedPro Norcross led the way in their community with support for first responders and “HEROES WORK HERE!” exterior, large-format signage.

Here are just a few ways SpeedPro Studios can serve as a valuable resource to their communities and build strong relationships with local partners.

  • Support small businesses: Small businesses rely on large-format print products to market and grow their operations. SpeedPro is a fantastic partner to small businesses, identifying their unique marketing needs and providing products like storefront window graphics, exterior signage, vehicle wraps or promotional posters.
  • Promote community events: Communities typically have a calendar packed with public events, such as festivals, farmer’s markets, charity walks and fundraisers. SpeedPro Studios can partner with their municipalities or event hosts to design and print signage, banners and other promotional materials to promote participation and attendance.
  • Enhance educational initiatives: SpeedPro makes an excellent partner to local schools, universities, daycares and community centers. These organizations often need large-format products like banners, posters, directional signage and graphics to inform parents and students of events, school board meetings, athletic sponsorships, and more.
  • Beautify the community: SpeedPro can support community beautification efforts by providing printing services for murals, signs or other art installations. This might include working with local artists or art organizations to bring their designs to life.
  • Raise awareness for nonprofits: Nonprofits, faith-based organizations and charities often need help raising awareness about their causes or missions. SpeedPro Studios can support them by printing fundraising materials, posters and banners for events.

Take pride in your community with SpeedPro

By forging partnerships with local organizations, you can build wealth for your future and make a difference in your community. Our Studio owners take immense pride in the quality products they create for partner organizations and in the many ways they support their local economies.

Are you interested in launching a franchise that offers lucrative earning potential and allows you to play an important role in your neighborhood? Learn more about SpeedPro, the nation’s leading large-format printing franchise, today!