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Category Archive: Franchise News

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!

Why Choose SpeedPro?

April 15, 2021

If you’re interested in investing in a franchise, you want to make sure that business aligns with your lifestyle, financial goals and professional drive. Most franchisees are looking for investments that offer them room to grow and great financial opportunities while allowing them to maintain a healthy work-life balance. At SpeedPro, our business model offers all of that and more to aspiring entrepreneurs.

Even if large-format printing doesn’t seem like your niche from the start, SpeedPro’s breadth of opportunity is the perfect fit for motivated professionals looking to be their own boss. Check out just a few of the reasons our franchisees choose SpeedPro.

1. We’re solely a B2B operation

SpeedPro is a B2B light manufacturing business focused on providing business clients with superior large-format print products. When you invest in SpeedPro, you won’t be operating a retail storefront or serving customers from the general public.

Instead, our model gives you the freedom to set your own hours and align operations with businesses in your area. Most of our franchisees work Monday through Friday during standard business hours! This means you’ll be home for dinner each night and around for family on the weekends. Even better, no travel is required—most of your business will take place in your region.

2. Minimal staff is required

Many franchisees are wary of investing in a business that requires a large staff to operate. At SpeedPro, our business model is streamlined and designed to function with a tight-knit team. The typical SpeedPro business relies on two to three staff members, aside from you, the owner.

Having such a small team offers a few advantages. First, you won’t have to spend your entire day hiring or managing people. Even more importantly, you’ll benefit from lower overhead, giving you greater financial flexibility. As your business grows, you can choose to grow with it to maintain control and stability over time.

3. No printing experience needed

If you’ve never worked in the printing industry, there’s no need to worry! You don’t need any printing experience to successfully invest in and operate a SpeedPro studio. What matters most is that you’re a relationship-oriented and self-motivated professional. This makes SpeedPro an accessible opportunity for almost any driven entrepreneur who’s willing to learn and eager to run their own business.

When you invest in SpeedPro, we’ll provide you leading-edge training and resources, so you stay at the forefront of the industry. You’ll also get access to our operational tools and equipment, positioning you for success, regardless of whether you’ve had experience in this industry or not.

4. Major markets are widely available

SpeedPro has over 150 locations across the United States. However, there is still a ton of opportunity available for aspiring franchisees. No major market across the country is sold out, meaning you’re bound to have the opportunity to invest close to where you live.

The same cannot be said for competing franchises, where investment opportunity is limited. Our rapidly growing franchise system is built to support a large number of owners!

5. We offer multiple client verticals

SpeedPro studios offers an almost endless number of client opportunities! Any business or organization that could use GREAT. BIG. GRAPHICS. is a potential client of SpeedPro—from schools and churches, to banks and corporations, to small local businesses, to ad and marketing agencies.

Better yet, a lot of these clients hold the potential for repeat business. Thanks to top-notch print quality and installation services, many SpeedPro clients return again and again for new signs, window graphics, vehicle wraps and event banners.

With SpeedPro, your options are big, bold, and exciting

The SpeedPro business model is the ideal choice for relationship-driven, sales-minded entrepreneurs who are ready to grow their own business. If you’re interested in getting started, fill out our contact form and learn, “Why SpeedPro?” today!

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, 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 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 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 franchising, download our information packet here.

How SpeedPro 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’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 apart from other franchise opportunities, visit our website.

SpeedPro Continues to Earn Industry Recognition

March 15, 2019

For more than 20 years, SpeedPro 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 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 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 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 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 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 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.