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Category Archive: Franchise News

How Our Studio Site Selection Process Positions Franchisees for Success

July 23, 2019

Finding the right location for your franchise is one of the first – and most important – steps you’ll take in the business ownership process.

Although initial site selection may seem to go by quickly, a site’s impact on your business’ success will be ongoing and paramount to your long-term success.

That’s why we offer unparalleled site selection support for our SpeedPro franchisees, as they seek out the most desirable, cost-effective locations to open up their studio.

Driven by industry-leading insight, along with one-on-one direction and market-specific strategies, our corporate team and field consultants offer franchisees an unprecedented level of sweeping expertise and individualized attention.

Here’s more on the comprehensive site selection strategy and guidance we offer franchisees to help them find and secure a second-to-none studio location:

Expert Advice and Oversight from Day One

At SpeedPro Imaging, our ongoing partnerships with local brokers and national real estate giant Berkshire Hathaway are an asset to our best-in-class site selection strategy.

As soon as you sign your franchise agreement, our home office will introduce you to local real estate experts to help guide you in your search for the ideal location.

You’ll also meet with your local SpeedPro business consultant, who will guide you throughout every step of the site selection process – from site visits and evaluation to contract negotiations and signing.

As your local, go-to resource, your field consultant will also help you understand the ins and outs of your market’s commercial real estate climate.

Well-versed in the specific requirements and desirable features for a strong SpeedPro site, your field consultant will also ensure any potential sites you consider are conducive to the success of your particular business.

Field consultants provide direction and clarity in every aspect of assessing your market and business needs, including:

•Local lease rates
•Space and power requirements
•Personal guarantees
•Buildout costs

Armed with market and SpeedPro-specific knowledge and insights, you’ll be able to find the best site possible – at the best market rate – to catalyze your business’ success. 

Expedited Build-Out Process Helps You Open Your Doors Sooner

Unlike commercial site development at many other business concepts, the typical buildout period for SpeedPro studios is only 30 to 60 days. We’re able to minimize our typical buildout period because we’ve also minimized the development requirements for franchisees. The only necessary components of each space are:

•Open floorplan for production space
•1-2 offices for studio owner and staff
•Vehicle bay

Whereas other businesses require franchisees to wait several months – or even years – before they can open their doors, SpeedPro studio owners are positioned to start turning a profit much more quickly from an expedited buildout.

Not only does our process help you start generating revenue sooner, it also helps you avoid additional expenses from unnecessarily long, drawn-out construction and design phases.

Sensible Sizing and Open Floor Plans Minimize Overhead while Maximizing Space

Our executive-style studios can operate with as little as 2,000 to 4,000 square feet of space, minimizing the hefty overhead associated with larger retail-type locations. Instead, SpeedPro studio owners are able to maximize a smaller space and avoid high overhead costs – both in initial investment and ongoing operational expenses.

By investing in a site with a smaller footprint, SpeedPro studio owners avoid the higher initial investment required for buying or leasing a larger space. They also save on ongoing expenses, like utilities and maintenance, which quickly mount when operating a location with more square footage.

Even within the smaller space, however, SpeedPro studio owners never find themselves yearning for more room. Our open-layout floor plan helps maximize the space, and because of the B2B nature of the business, studios rarely host clients or attract unpredictable levels of foot traffic.  

The Power of a Strong Franchise Brand and Leadership Team

No one understands the importance of a strong site selection and real estate development strategy more than SpeedPro Imaging CEO Larry Oberly, who came to the company equipped with more than a decade of experience as a top global executive at RE/MAX.

With an unmatched level of real estate expertise and insights, along with laser-focused, one-on-one franchisee attention and guidance, the fine-tuned site selection process at SpeedPro is unlike any other in the franchise industry.

We’re able to help franchisees find the most cost-effective and desirable development sites on the market, so they can open their doors sooner, attract more business and start generating strong revenue right away – and for all the years to come.

If you’re interested in learning more about the SpeedPro franchise opportunity, download our franchise kit today!

What Initial and Ongoing Support Does SpeedPro Offer Franchisees?

July 15, 2019

The SpeedPro vision statement helps clarify just how important franchise owners are to the success of our brand:

Through national and international expansion, SpeedPro will create a network of integrated studios that will enable our franchisees to more efficiently serve highly visible and highly profitable accounts that will change the face of businesses across the world.

It’s with this goal in mind that we strive to be the most supportive wide-format printing franchise brand out there. And we make good on that objective through the systems we’ve established – from our Ramp-Up Program to the ongoing training and support we provide studio owners.

Get Started on the Right Foot with Initial Training

One of the key differentiators of SpeedPro is how much we invest in getting franchise owners up and running as efficiently and effectively as possible. Here’s a quick breakdown of what that looks like:

10-day intensive training – Conducted onsite at your new studio, members of SpeedPro’s training and support team help you understand:

•The wide array of products and solutions you’ll be providing

•Techniques necessary to correctly apply wide-format graphics

•The equipment and tools you’ll be using to create your clients’ products

•How to operate your studio on a day-to-day basis

Your initial training will also equip you with strategies for new customer acquisition. Since SpeedPro is a business-to-business (B2B) franchise opportunity, it’s critical that you are able to build relationships with other business owners in the community to facilitate your studio’s growth.

With that in mind, we help walk you through the typical client lifecycle, including creating job quotes, fulfilling orders and demonstrating best practices tactics to provide exceptional customer experiences.

Once your initial training is complete, SpeedPro’s support team is there to ensure you stay on the right track.

Ongoing Support for Wide-Format Printing Franchise Owners

When you join the SpeedPro franchise system, you’re never alone. You’re joining an experienced group of franchise owners who operate more than 130 studios across the country. They’re resources for you as you maneuver through your initial ramp-up period.

We have a buddy studio program that establishes partnerships between you and existing SpeedPro owners, which helps you build a network of referrals. In many cases, you’re able to start on jobs even before your studio officially opens. The relationship you form with your buddy studio is meant to be long-lasting – you’re able to rely on your fellow franchisees whenever you’re in need.

At the same time, we’ve structured our franchise system so that each studio owner has an unparalleled level of support from our field consultants and regional developers. Each one of these individuals has:

•Owned and operated their own business

•Experience in the wide-format printing industry

•A keen understanding of the franchise business model

In addition to having extensive business experience, our field consultants are uniquely trained and equipped to provide studio owners with insights and strategies to help them achieve their specific business objectives. Those may be identifying opportunities to work on projects with higher profit margins, develop tactics to facilitate more repeat business or assisting with making sure your profit and loss (P&L) statements are in great shape.

We’re able to offer an exceptional level of support because of the ratio of field consultants to franchisees, which is 1:12. Most franchise systems are somewhere in the neighborhood of 1:20 or 1:40, which reduces the amount of one-on-one attention they can provide to franchise owners. Whether you have questions about your equipment or are in need of technical support, our support team and field consultants are there to ensure you’re operating at peak performance.

Are you ready to learn more about joining a wide-format printing franchise with exceptional support? Get started by downloading our information packet here.

Who Are Your Clients as a SpeedPro Franchise Owner?

June 17, 2019

More than four in 10 small-business owners cited cash flow as one of their top challenges.

Rightly so – ensuring you’re keeping cash on hand as you grow your business is critical to cover your operating expenses without dipping too much into reserve capital.

One way business owners can mitigate cash flow issues is by ensuring they’re able to diversify their client base, in line with the amount of revenue each segment brings their business – ideally on a consistent, ongoing basis.

SpeedPro franchisees operate within a simple, business-to-business (B2B) model that focuses on three primary client segments. These are your primary drivers of business growth. Here’s more information about each client group and how SpeedPro franchisees are able to work with them.

Corporate Marketing Departments

For many SpeedPro franchisees, corporate brands represent some of the most exciting and fun clients to work with. Many of the projects involve environmental graphics, event graphics and other large-scale projects that give studio owners the opportunity to flex their creative muscles.

Thanks to SpeedPro’s reputation for unmatched service and high-quality graphics, we get to serve the needs of everyone from small-business owners to Fortune 500 companies, government agencies, universities and more.

In fact, one SpeedPro studio owner worked with a local Rock Bottom Brewery, a brewpub with locations across the United States, to create window and wall graphics.

“Beer is obviously one of my passions, and [SpeedPro] was able to create new logos for us, create new prints to put up on the wall,” said Jason Simonson, General Manager at Rock Bottom Brewery. “It really just revitalized this restaurant.”

SpeedPro franchisees help businesses of varying sizes and in different industries find solutions while staying within their ideal timeframe and budget.

Advertising and Event Agencies

A level removed from the end client, many SpeedPro franchise owners work with agencies as a preferred vendor for wide-format graphics.

Most ad agencies, design firms and event marketing companies or event planners don’t have the technology or the know-how when it comes to creating large-scale graphics. As a result, they partner with SpeedPro studio owners to help them achieve their clients’ objectives.

“When I design something and come to SpeedPro, I know it’s going to look exactly how I want it to look,” explained Garret Spradlin, a marketing and design professional with DNM events. “And my client is getting exactly what I described.”

Clients turn to SpeedPro as a reliable, professional and efficient partner. And forming lasting relationships allows us to serve as the provider to the end clients.

Small-Format Printers

As a B2B concept, it’s important for studio owners to make their presence known within the local business community.

One of the best places to get started is by networking with small-format printers. These are vendors that create products like business cards, mailers and other items that fall outside SpeedPro’s core business model.

We partner with small-format printers and sign companies to be their back-end print provider. We serve as white-labeled providers of large-format graphics, due to our expertise in the space and ability to confidentially and professionally work on behalf of our clients’ end customers.

Similar to agency partners, small-format printers turn to SpeedPro studio owners projects they don’t have the capabilities or expertise to complete. These relationships often help kick-start your business as a SpeedPro franchisee.

Learn More about the SpeedPro Model

In addition to providing a simplified, B2B franchise model to aspiring entrepreneurs, SpeedPro also boasts an exceptional gross profit margin.

Learn more about how franchisees can generate up to 65 percent gross profit as a SpeedPro studio owner today.

SpeedPro Franchisee Project Spotlight: John and Stephanie Phelan

June 5, 2019

John and Stephanie Phelan recently had the opportunity to work alongside their son, Sean, who is a mechanical engineering student at the University of Michigan, providing the graphics to adorn an all-electric, formula-style racecar their son and his team had built from scratch for Michigan Electric Racing (MER).

It was a project that allowed them to stretch their technical and creative muscles as owners of SpeedPro Imaging North Shore, located in the northern suburbs of Chicago. And it’s a unique example of why the Phelans embraced the business in the first place.

A Business-to-Business Franchise Concept that Plays to the Couple’s Strengths

John had spent his career in a corporate setting focusing on international sales and marketing. Stephanie, meanwhile, had also worked in sales before her company had downsized her department, and she had then been a stay-at-home mom.

The pair eventually came to the realization that the entrepreneurial path was the best way forward.

“If we’re going to work for anyone, it might as well be for ourselves,” said John.

John and Stephanie had looked at different franchises and attended multiple discover days. SpeedPro stood out because of the blend of technology and creativity. John, specifically, had spent more than a decade with a leading international manufacturer of audio equipment, as well as a global tool manufacturer. Meanwhile, Stephanie had more of a creative background.

“I think that’s what SpeedPro is all about,” Stephanie explained. “There’s just a tremendous amount of technology and creativity that go into operating the business.”

The Michigan Electric Racing project showcases the pair’s skills as adept project managers and creative problem solvers.

Adding a Key Aesthetic Appeal to an Engineering Feat with Vehicle Graphics

The team at MER – formerly Michigan Hybrid Racing – design and build a formula-style racecar every year for a competition.

Since the Phelans’ son was part of this year’s team, the duo had the inside track for helping provide the graphics and decals for the vehicle.

However, the Phelans couldn’t simply wait for the team to build the car before they started designing the graphics.

“They originally sent us a mockup,” said John. “It had the sponsor logos and the racing stripes, and we worked with them from there.”

The car is hand-crafted from black carbon fiber elements. Any of the additional color on the racer is thanks to the graphics supplied by John and Stephanie.

The graphics that MER supplied the Phelans were created by a video game designer, so they were laid out in 3D renderings that a designer could manipulate and rotate. However, it was impossible to develop a flat file from which to print graphics using those designs.

Converting the 3D renderings into a flat file was one of the first steps for the Phelans in designing the graphics.

“That took quite a bit of work between their graphics team, our production manager and their sponsors,” John noted.

Another challenge that cropped up during the design stage was by virtue of the fact that the vehicle was a work in progress and many of the parts for the racecar were hand molded. As a result, some of the dimensions would change as the project moved along, which the Phelans then had to account for with their designs.

One workaround for the racing stripes, in particular, was printing them slightly larger than what they needed to be, so that when the Phelans went to apply them, they’d be able to trim them down by hand to fit properly.

“Installation took about nine hours,” Stephanie said. “And that’s mainly because they were still working on it, so we’d have to start and stop as pieces were installed or removed.”

The Phelans’ son had the honor of applying the final graphics to the car before the final unveiling.

A Project that Puts a Feather in the Phelans’ Cap

Although John and Stephanie have done projects in the field before, this was the first where they were somewhat in the dark as to what the final vehicle design would end up looking like. And their studio was roughly two states away.

“Even if you’re an hour away, a lot of the time you can run back to a SpeedPro studio and reprint or recut the design,” Stephanie noted. “This was really out there. There was no safety net”

At the same time, the pair were excited at the prospect of a fun project that would end up looking really cool. It ultimately ended up being a source of great pride for the whole family.

From a business perspective, the project also potentially opened the door to a new partnership with a small-format graphics provider.

“Their logo was missing from the car, so I went to look it up on their website and gave them a call,” said John. “I said, ‘If you ever need larger graphics, we can print at up to 74 inches and cut at 66 inches,’ and he responded that he was thinking about investing in a large-format printer but didn’t want to spend that much on equipment and would much rather work with us.”

So, while the MER racecar was a feel-good project, it also provided avenues for networking and growing their business.

To learn more SpeedPro Imaging franchising, download our information packet here.

How SpeedPro Imaging CEO Larry Oberly Embodies Company Culture/Vision

March 21, 2019

In order to succeed in the business-to-business (B2B) world, one of your key attributes must be the ability to build relationships. Those relationships are a cornerstone of SpeedPro Imaging’s success as the premier choice of businesses for wide-format graphics.

Since Larry Oberly became CEO of SpeedPro in late 2017, the franchise company has grown in large part because Larry lives to form connections – with clients, businesses and franchisees. It’s this quality that propelled him from owning ice cream shops to leading the growing wide-format printing franchise in a competitive industry.

Appreciating Cast Members

It was 1992 when Larry owned Baskin-Robbins ice cream shops in St. Louis, Missouri, when his leadership style of nurturing relationships in franchising began. It was born out of competition, realizing he had to do something to keep his employees from leaving to earn 10 cents an hour more at the fast-food hamburger chain down the street. Instead of paying more, he built an irresistible culture.

Larry cultivated an environment where comradery was part of the ice cream shop culture. By doing this, his best employees referred their friends to the business. This included referring to employees as “cast members,” which was a more humanized title and it encouraged his mostly teenage workforce to “perform” for customers.

Larry’s leadership style is also collaborative and consultative, which he has put to good use nurturing his professional relationships. This was evident at the work parties he hosted at his home, where Baskin-Robbins cast members created their own games to play.

Ultimately, Larry’s main store ranked No. 2 in terms of sales in a region consisting of 240 stores.

Team Spirit Achieves Results

Larry brought his leadership style to RE/MAX as a franchise development consultant in 1998 and was promoted three times in seven years at the real estate company. He served as Regional Vice President, Vice President of U.S. Regional Development and Vice President of Global Development.

Like at Larry’s Baskin-Robbins stores, he fostered a culture of comradery and celebrated accomplishments with his teams. For example, when new global master franchises visited Denver for training, Larry would host a welcome reception at his home with his team. He found these social gatherings to be an effective way to build relationships. The numbers speak for themselves.

As VP of the Arizona, Nevada and New Mexico Region between 2000 and 2005, Larry’s team added 120 franchises. In 2017, the global master franchises completed more than 800 franchise sales. This is just a smattering of the expansion that Larry and his teams achieved.

By the end of his tenure at RE/MAX, Larry was ready to lead a business in a more creative industry.

Focus on Growth and Franchisee Success

Since coming to SpeedPro at the end of 2017, Larry has made a point of visiting with most of the franchisees that make up the brand’s 130 locations at their studios and build relationships with them. While expanding the number of studios and increasing SpeedPro’s market share is important, Larry also wants to make sure existing franchisees are profitable.

“My goal is to grow our brand well beyond 130 studios, of course,” he said. “But, we also have to make sure we never lose sight of helping our current franchisees by expanding and enhancing our infrastructure and support services. That, in itself, is a tremendous draw for entrepreneurs interested in owning a SpeedPro studio. By collaborating, the SpeedPro home office and our studio owners will do this together.”

To make sure all franchisees feel involved, Larry either films a video or does a live webinar every three weeks or less for studio owners, so they are informed, share ideas, provide education and ask questions to reach common understandings between the home office and the team on the frontlines. Larry will begin hosting town hall meetings in major markets in May.

SpeedPro is a franchise concept that requires studio owners to get out in their communities, network with other business owners and build relationships with them. It’s fitting then that relationship building is what drives SpeedPro’s CEO.

“I love that the SpeedPro model requires studio owners to engage with their customers to acquire more and retain who they serve,” Larry said. “It’s all about the collaborative and consultative spirit, and using creativity and innovation to help other businesses solve their marketing needs.”

To learn more about what sets SpeedPro Imaging apart from other franchise opportunities, visit our website.

SpeedPro Imaging Continues to Earn Industry Recognition

March 15, 2019

For more than 20 years, SpeedPro Imaging has stood at the forefront of the wide-format printing industry, providing enterprising entrepreneurs with the opportunity to build a business uniquely positioned in the business-to-business franchise sector.

Across the United States, there are over 130 SpeedPro Imaging studios owned and operated by local business owners who are able to capitalize on a business model built around minimal staff, repeat clientele and high-margin projects that provide exceptional opportunities to scale and grow.

It’s for these and many other reasons that SpeedPro Imaging continues to be recognized by the franchise industry and larger business communities.

Here’s just a sampling of some of our recent accolades:

10 Years and Counting as a Leading Large-Format Graphics Franchise

We were once again recognized in the exclusive Franchise 500® by Entrepreneur. Since 2009, SpeedPro Imaging has been included in the prestigious ranking, reflecting our consistently strong growth and our dedication to helping franchisees succeed at the unit level – in fact, we have one field consultant for every 12 franchise business owners, which is a far better ratio than the 1:20-40 average you see across franchising.

The magazine evaluates franchise brands based on a number of key factors, including costs and fees, size and growth, corporate support, brand strength and financial strength. All franchises are given a cumulative score based on more than 150 data points, and the 500 franchises with the highest cumulative scores become the Franchise 500® in ranking order.

SpeedPro Imaging was also selected by Franchise Gator as a Top 100 franchise for 2019. This is the 6th annual Top 100 list the online franchise directory has been released and was developed to assist prospective franchisees in their search for a franchise opportunity to invest in. The list focuses on identifying franchisors with strong growth potential at an investment level that is more in line with the average franchise buyer.

SpeedPro Imaging is ranked as the number 53 franchise opportunity overall. The ranking was developed using a formula based on several criteria including financial stability, growth, sustainability, profitability, transparency and franchisee satisfaction.

“Each opportunity on the Top 100 list has demonstrated strong growth potential coming into the new year,” said Eric Bell, General Manager at Franchise Gator. “Not only are these opportunities among the very best in the industry, but they also offer a solid investment for the everyday franchise buyer.”

Innovation at the Heart of Our Wide-Format Printing Franchise

In addition to franchise industry recognition, SpeedPro Imaging was recently included among the “The 10 Most Innovative Print Management Companies 2018,” according to Insights Success, a magazine dedicated to providing business leaders and executives with a platform for sharing their experiences and perspectives.

A contributing factor to the recognition is the fact that SpeedPro Imaging is leading the way in wide-format printing technology and solutions, which is the fastest growing segment of the printing industry.

With brand messaging and advertising proliferating across digital channels, an increasing number of companies are seeking solutions to reach and influence their target audiences using large-format graphics, including exterior signage, wall murals, window decals, vehicle wraps and a wide variety of other graphics. Clients seek out SpeedPro Imaging franchisees on a consultative basis, working with them as an extension of their marketing and advertising teams to bring their projects to life.

Want to learn more? Check out how our business model distinguishes us as a franchise opportunity.

How Much Does it Cost to Open a SpeedPro Imaging Franchise?

March 8, 2019

If you’re excited about the growth of and bright forecast for the printing industry, but you’re still unsure about making the leap to SpeedPro Imaging franchise ownership, let’s take a look at what it will cost to get started, the value you get for your money and your earning potential.

Total investment to open your SpeedPro studio ranges between $240,050 and $285,850, and includes the initial franchise fee of $49,900. The initial franchise fee covers the costs of support and resources you receive in order to get your business up and running. Qualified veterans receive a 10 percent discount on the fee.

For Starters

Your initial investment includes the startup package and working capital (office furnishings, printers, customized workflow/customer relationship management software), which are essential to getting off to a strong start and running your business every day.

You will be immediately enrolled in the comprehensive Kickstart and Ramp Up programs upon signing the franchise agreement. The programs go in-depth to provide you with the know-how to develop your business and client base. You’ll also learn about the products and how to start generating revenue even before you open your doors.

Kick Start Your Business Immediately

The Kickstart program will guide you from the search for your studio space to your grand opening. In the first month alone, you will:

  • Search for studio space with real estate brokers and your field consultant
  • Undergo training on parts, products, applications and more
  • Sign up for business training – which includes franchising 101, sales, finance and employee recruitment and retention – at the home office in Denver
  • Get hands-on experience working in a high volume SpeedPro studio
  • Complete market pricing analysis with your field consultant
  • Meet vendors and the team at your Buddy Studio
  • Go through day-to-day business training with administrative tasks

The remainder of the program consists of working with your regional developer and field consultant to create a business plan for your SpeedPro franchise, sales and production training, finding and hiring top-notch employees and, finally, preparing for your grand opening.

Ramp Up to Revenue Generation

The Ramp Up program, a key differentiator that separates SpeedPro from other large format printing concepts, is also part of the pre-grand opening phase and is intended to help you start generating revenue right away.

It begins months before opening your doors with product training followed by training on our proprietary sales and marketing processes. You will then begin making sales calls with your field consultant in tow to help you optimize the process for client base development. You will also begin networking in your community to establish lasting B2B relationships that will turn into sources of revenue. When you get jobs before your studio is open, your nearby Buddy Studio will help you by fulfilling those orders. You’ll have established a name for yourself and a reputation for SpeedPro in your community before ever turning on the lights.

The Ramp Up program is designed to not only get your SpeedPro studio established in your community quickly but also to speed up your return on investment and get you to the break-even point quicker than if you had to wait until your studio was open for business.

Our startup programs and ongoing support are proven ways to get you down the road to profitability. Take a look at what the top 25 percent of revenue generators did in sales and their profits in 2017*, according to Item 19 in our FDD:

  • Average gross sales: $1,007,383
  • Average gross profit: $648,808
  • Average gross margin: 64.2 percent
  • Average owner’s discretionary profit/EBITDA: $208,241
  • Growth in same-store sales: 9 percent

Support is Everywhere

The saying in the franchise industry, “You’re in business for yourself, not by yourself,” is evident at SpeedPro. Training and support do not end after you’ve opened the doors to your SpeedPro studio. Although our startup processes are thorough, you will inevitably have questions as your business matures. At SpeedPro, we offer several sources to help answer your questions and solve your issues quickly. Here are the resources you have access to as a SpeedPro franchise owner:

  • Home office support team – available to help in myriad ways, including production, equipment, software, email, website and marketing
  • SpeedPro University – online learning center and resource center
  • Webinars – cover finance, sales, best practices and other topics
  • Field consultants and regional developers – available for one-on-one business planning and coaching
  • Annual SpeedPro convention – a time to meet other owners and take advantage of the collaborative spirit of the entire SpeedPro network

We All Stand Out Among Competitors

When you succeed, the entire brand succeeds. Therefore, it behooves us to help get our franchisees up and running quickly and profitably. Our franchisees are the go-to-source for your local businesses as well as marketing firms, ad agencies and blue-chip corporate brands. We’re leaders in the wide format printing industry because we provide the highest quality graphics for our target customers. They, in turn, value their SpeedPro partner that is focused on providing the right solutions with exceptional client service. Because of this, SpeedPro Imaging stands out among the competition and commands premium pricing.

To learn more about what sets SpeedPro Imaging apart from other franchise opportunities, visit our website.

*These figures are included in the 2018 SpeedPro Franchise Disclosure Document (the “FDD”) and involve the average sales information for the twenty-six SpeedPro Studios that comprise the top 25% (based on their 2017 fiscal year financial performance) of the 107 SpeedPro Studios that have been in operation for at least two years and that satisfied the other reporting criteria set forth in the FDD. Within the top 25%, 10 of the 26 SpeedPro Studios met or exceeded the average Gross Sales figure, 8 Studios met or exceeded the average Gross Profit figure, and 14 Studios met or exceeded the average Gross Margin figure. The Gross Sales, Gross Profit, and Gross Margin figures are based on each franchisee’s actual 2017 fiscal year unaudited financial statements submitted to SP Franchising LLC. Your financial results are likely to differ from the figures presented.

 

A Day in the Life of a SpeedPro Franchisee

February 25, 2019

The average person will spend more than 90,000 hours, or 13 years and two months, at work. If you’re one of the lucky few who is fulfilled at their job, that figure may not seem all that alarming. But, for the nearly three-fourths of people who are unhappy at work, that’s just more motivation to focus their pursuits elsewhere.

While there can be any number of reasons behind someone’s workplace discontent, more often than not, it stems from a feeling of lacking control of one’s own destiny. That’s why so many people turn to business ownership to find more fulfillment and empowerment at work.

And, for those new to a given industry or new to business ownership in general, franchising provides them with the perfect solution to be in business for themselves but not by themselves.

Far from the monotony and humdrum that accompany many 9-to-5 desk jobs, SpeedPro franchise partners enjoy the limitless benefits they reap from owning a business while working in a creative, collaborative studio every day.

Here’s a more in-depth look at a day in the life of a SpeedPro franchisee:

A Dynamic and Distinctive Day-to-Day

At SpeedPro, every day – and franchise location – are different, so pinning down a typical day for franchise owners is not an easy feat. Still, there are some best practices and general guidelines that our network of franchisees follows, in order to foster their business’ success.

Most SpeedPro owners start with two employees, including a production manager, who organizes projects, deadlines and deliveries to keep daily operations running smoothly. Over time, as a SpeedPro owner’s business scales, they can add more employees. The average studio has two to four employees per location, depending on how big of a team the franchisee wants.

“There really isn’t a typical day as an owner, but some of the basic things I do every day include obviously opening the studio and having a production meeting in the morning to get everyone focused,” said Dan Pickett, owner at SpeedPro – Mission Valley. “Other than that, my day-to-day can include anything from going to meetings with clients and prospective clients, performing quality control and doing site inspections, to entering invoices and doing some profit and losses analysis. Every day is different, but I really love everything I do.”

In addition to daily meetings with his team and production manager to coordinate projects, Dan also meets with his marketing coordinator each week. They set goals for the number of new clients to prospect, how many follow-up calls to make and how many meetings and proposals to facilitate. Marketing coordinators help franchisees develop ongoing relationships with repeat B2B clients, freeing up the franchisees’ time to focus on current projects and business development.

“I think the most rewarding aspect of the SpeedPro franchise is that I’m building a future for myself and my family,” said Dan. “I’ve been in business for four years, with no prior graphics or art-related experience, and I’m confident the business I’ve built up will continue to be successful and take me into retirement.”

Creating In-Studio and Taking to the Road

Many SpeedPro owners work in-studio with their production managers, going over which projects need to be accomplished in a given day. The franchise owner typically provides general direction and the ultimate goal of each project, and the production manager will see the project to fruition.

“Being part of SpeedPro means you’ve got a really great support system – both from the franchisor and the franchise partner managing the individual location,” said Rachel Lunney, production manager for SpeedPro – Denver.

“You’re not out in the deep water by yourself, and you have resources you can use,” Darren Schneider, owner at SpeedPro Imaging – Denver added. “We’ve got a good support system, and I know the corporate team genuinely cares about the franchisees’ businesses and helping to grow them.”

Graphics production takes place in-studio, where the production manager and other employees use the cutting-edge wide format printing technology provided by our corporate team to create custom graphics for each client.

Our executive-style studios are typically in tech/flex commercial locations and can operate with as little as 2,000 to 4,000 square feet of space. When our corporate office helps franchisees select a site, we target high-traffic locations with at least 5,000 businesses within the territory. Since many of the B2B nature of SpeedPro’s clients, however, our model is not very location-sensitive.

Franchisees get out of the office when they travel to client offices to drop off proposals or finished products. They also have the flexibility to come and go as they please, providing them with a healthy work-life balance.

“Owning your own business lets you be the master of your time,” Darren said. “Some things I have the freedom to do are picking up my kids at the bus stop, getting them to soccer practice or even something as little as taking them to get a haircut – you have that flexibility.”

By owning a business in a collaborative, profitable environment, SpeedPro franchisees are able to enjoy more fulfillment and control over their personal and professional lives – making for a much more pleasant 90,000 hours.

To learn more about what sets SpeedPro Imaging apart from other franchise opportunities, visit our website.

 

SpeedPro’s Community Spirit Fosters Success for These Franchisees in Texas

February 13, 2019

Opened for only a year, and SpeedPro Imaging in Magnolia, Texas, has a constant flow of business opportunities generating revenue for franchise owners Brian and Kathy De Noble. Ironically, wide-format printing was unfamiliar for Brian, whose background was in locksmithing, and Kathy, who spent 17 years working in her family’s oil and gas business.

Despite being new to the printing industry, the couple didn’t waste any time letting the community know they could handle its printing needs. They got their first job in April 2017, only a month after signing the franchise agreement. The De Nobles didn’t open their SpeedPro studio until March 2018.

Clearly, the couple had the energy to drum up business. But, it was support from SpeedPro and Brian and Kathy’s community engagement that complemented their drive and boosted their success.


Community Support from SpeedPro Imaging

The De Nobles discovered a support system with community spirit at SpeedPro Imaging, which helped them get their business up and running and helps them get over obstacles as new business owners in the printing industry.

For example, a “buddy studio” produced the De Noble’s first job before they even had a studio of their own.

During the site selection phase, the couple was paired with a real estate agent familiar with the SpeedPro concept. She has experience finding a studio space for another SpeedPro franchisee.

“She was very familiar with what we were looking for,” Kathy said.

Being a new business owner naturally comes with some challenges. For Brian and Kathy, it was entering an industry foreign to them. But the ongoing support provided by the SpeedPro corporate team and fellow franchisees helped set the De Nobles up for success.

“Learning a brand new industry was the biggest struggle,” Brian said. “The way we overcame it was SpeedPro’s support from corporate and existing owners. If you have a question, you’re going to get help from everybody. It’s a great network.”

Because wide-format printing was an industry so foreign to them, Kathy worried about not having all the answers if asked a question by a potential client. But, the SpeedPro corporate team trained her how to handle those situations. She learned that it was OK to potential and real clients that she’ll get back to them with an answer as soon as possible – and was able to because there were more than 100 other SpeedPro owners and the corporate team providing her with information.

“People are so appreciative of that,” she said. “SpeedPro has never told me, ‘Sorry, you’re on your own.’”

Often, you don’t even have to ask your question to the corporate team because someone else already has and received an answer on the SpeedPro forum.

“SpeedPro has a family culture,” Brian said. “They don’t open studios near each other and create competitors out of each other. Therefore, everyone is naturally inclined to help.”

 

The Reward for Helping Your Community

A desire to help others is a large part of who the De Nobles are and a big reason for their success. The couple, for purely altruistic intentions, got involved in their community upon joining the Greater Magnolia Parkway Chamber of Commerce in 2017.

Brian and Kathy volunteered for high school and chamber of commerce events, and their efforts began to be noticed by the community.

The De Nobles and SpeedPro Imaging Magnolia were awarded Volunteers of the Quarter in last quarter of 2017.

“When we started doing all these things, I discovered they were things I really enjoyed doing,” Kathy said. “It wasn’t about getting our name out there, it was about helping the community. When they gave us the award, it spurred us on for 2018.”

The next year included judging margarita-making and cooking contests at the annual Magnolia BBQ Cook-Off in March. Because they donated banners to the event, they were recognized as sponsors, too. In December, they did fundraising and made banners for the annual Christmas parade.

Their work earned SpeedPro Imaging Magnolia a prestigious Greater Magnolia Parkway Chamber of Commerce award – Business of the Year for 2018. It also earned them a lot of clients. Without thinking about it, every event they participated in turned into a networking opportunity. They met hundreds of people and developed a reputation for caring.

“We are supporting our community, and in return, the community is supporting us,” Kathy said. “Anything we sponsor, we try to volunteer our time, too. Even with all the money and signs, it’s the time and people community organizations need the most. I think that’s one of the contributing factors to us winning Business of the Year.”


Continued Success for 2019

The De Nobles can expect to have a fruitful 2019, too. Since becoming SpeedPro Imaging franchise owners, their work-life balance has improved. In addition to spending more time with family and traveling, they have more time to remain actively volunteering in Magnolia.

“We can have our name out there,” Kathy said. “SpeedPro is a company people can count on and the De Nobles are people who will help out.”

To learn more about what sets SpeedPro Imaging apart from other franchise opportunities, visit our website.

3 Simple Tips to Hire the Best Talent for Your Large-Format Printing Franchise

December 26, 2018

SpeedPro Imaging franchisees can run a solid, profitable large-format printing studio with just two or three employees. Hiring good talent is important for any business, but for a business with only three employees, it is absolutely critical to hire the best team members. With a low necessary employee count built into our model, we’ve perfected the process for hiring the best talent.

“We don’t have a model that requires 15-16 people, so the onus is on the business owner to hire the best of the best,” said Zack Meade, SpeedPro Head of Business Training & Consulting. “That’s why we teach franchise owners how to make the right decisions, hire the right people and build a culture that encourages them to stay.”

All of our new studio owners go through extensive training, which includes a full day of training on recruitment, culture, leadership, retention and onboarding. The tips we provide to our large-format printing franchise owners for hiring and retaining top talent include:

Start with an Appealing Job Description

Finding the right employees starts with having the right job description. Job specs serve as an advertisement for not only the job but also for the business as a whole. So, how the job description is written matters!

A thorough, appealing job description helps studio owners attract better talent. Job specs should describe the skill requirements and expectations for the job, as well as reflect the company’s culture in order to draw in candidates.

“Culture and environment is a competitive advantage,” said Zack.

Look for the Right Attitude

When interviewing candidates, it is important to get to know potential hires and find out if they are a good culture fit. Interview questions should be prepared in a way that encourages the candidate to speak about their attitude – how they respond to tight deadlines, how they react under pressure, etc. Franchise owners should reinforce their culture, mission and vision and properly test job candidates to help identify the right talent and minimize the risk of making a bad hire.

“The number one thing to look for in a prospective employee is attitude,” said Zack. “Hard skills of the job can be taught, but I can’t teach resilience and attitude.”

Offer Comprehensive, Creative Benefits Packages

In order to attract the best talent – and keep them – business owners must offer appealing compensation and benefits packages. But that said, compensation and benefits don’t always just mean salary and healthcare. Franchise owners can get creative by offering additional benefits such as subsidizing the cost for a long commute or paying for Netflix subscriptions for staff.

“I encourage my owners to ask people what’s important to them,” said Zack. “Not having a one-size-fits-all benefits package and being flexible is a potential difference-maker.”

Creative benefits offerings make your business stand out in a competitive job market, and are appealing to younger generations who would gladly sacrifice revenue to be happier at work.

At SpeedPro, we are dedicated to helping our franchisees hire top talent and build a supportive, fun company culture for their employees.

“In our best studios, their staff is like a second family to them,” Zack said.

Are you interested in a franchise with a low number of necessary employees, lower fixed-rate costs and creative company culture? Contact us today to learn more about the SpeedPro Imaging franchise opportunity.