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Category Archive: Uncategorized

Capitalize on the Latest Marketing Trends with a Wide-Format Printing Franchise

August 13, 2019

Wide-format printing is becoming an increasingly popular solution for businesses in search of effective marketing strategies. In today’s digital age, there’s ad fatigue with smartphones and other digital devices, making large-format graphics are an eye-popping way to capture consumers’ attention in the real world.

At SpeedPro, we change with the times to make sure franchisees are able to  provide their customers with the latest, on-trend designs to tell their stories. And this means opening a business that will remain in-demand and continuously evolve to ensure our brand is synonymous with innovation.

Here are just a few examples of marketing trends that SpeedPro franchisees have integrated into their suite of solutions:

Experiential Marketing

Immersion has become an invaluable tactic in the marketing world. The ability to pull an audience completely into your message and story isn’t easy, but large-format printing is an effective way to do that.

Experiential marketing has the potential to be the future of businesses connecting with their audience and leaving a powerful impression on them. Allowing people to physically walk alongside a 40-foot wall mural designed to create a hip, forward-thinking aesthetic or even transforming a bar into the iconic Moe’s Tavern from The Simpsons to help it stand out from its competition creates a lasting connection between the business and its audience. They’ll remember those moments and that company far longer than seeing an ad for the same product or service on Facebook.

At SpeedPro, our franchisees work hard to come up with creative solutions to clients’ needs. They have freedom to brainstorm and execute any experiential marketing ideas that will meet their clients’ needs and situation.

Our franchisees know how to create experiences for their clients to make their marketing as powerful as it can be.

Improving Work Environments

Another use of large-format graphics that is growing in popularity is the installation of window graphics and wall murals inside of businesses to improve internal productivity.

Bright colors, graphics and motivational quotes all go a long way to increasing a company’s productivity. Not only does large-format signage make a business setting more exciting and creatively inspiring, it also promotes company culture and lets new employees and visiting partners see what type of organization a business is. It helps with recruiting new workers as well as inspiring old workers.

As a SpeedPro studio owner, your clients may ask you to create anything from a wall mural in a basketball arena to one-way glass paneling in a business overlooking a city sidewalk. You and your team come up with the perfect printing solutions to all of your clients’ needs.

This is more than just making a cup of coffee – you’re helping businesses transform their workplace and improve how they operate. A particularly striking business space can mean a loyal client as well as free marketing for your SpeedPro Imaging studio when workers ask who designed it.

Client Customization

In 2019, people want customization. They want the product or service they receive to be just for them.

Embracing this strategy of personalizing our service has numerous benefits. Giving clients exactly what they want greatly increases their satisfaction with your work. In addition, it leads to brand loyalty, establishing SpeedPro Imaging as the industry leader in wide-format printing.

When people approach you in need of signage, they have often have a specific conceptual idea in mind. As a SpeedPro Imaging franchisee, it’s your job to help turn that conceptual idea into a visual idea.

All of your projects will begin with a client meeting intended to clarify what kind of visual communication the client wants. After you have an idea, you’ll propose your recommendation on how best to clearly convey your client’s message. Once your client is happy with an agreed-upon, you’ll move forward in creating the signage that will blow their audience away.

Do you want to own a business that capitalizes on the current large-format printing marketing trend? Contact us today!

What Services Do You Provide as a SpeedPro Franchisee?

July 30, 2019

At first look, a wide-format printing franchise opportunity may not be as cut and dry as other business concepts. A restaurant franchise, for instance, is easy to understand as a category – albeit more complicated to operate than a business like SpeedPro.

And once you start to peel back the layers of what a wide-format printing business is, the more you realize what a simple concept it is built upon and how streamlined it can be for studio owners. Although there is a wide variety of solutions you provide as a wide-format print shop franchise owner, the fundamentals of the business are straightforward. To help familiarize you with the most common products and services SpeedPro franchise owners provide, here’s a quick breakdown:

  • Architectural and Glass Finishes

Used for interior and exterior applications, glass finishes are applied to glass surfaces in primarily commercial spaces. Some examples include applying finishes to conference room glass walls, adding a frosted look to outside-facing windows to enhance privacy and reduce distractions, and installing tinted applications to reduce glare and make offices more energy efficient.

  • Decals

Businesses use custom decals to accomplish a variety of marketing and branding initiatives. Studio owners create vinyl decals that can be applied to walls, windows, floors, vehicles or even equipment like laptops. Decals can be used to promote an event, a limited-time offer or sale or give a business’s name greater visibility on company-owned vehicles. Meanwhile, they can be cut in any shape or size, providing SpeedPro clients with nearly unlimited creative options.

  • Environmental Graphics

Wall murals and coverings in corporate environments, restaurants, healthcare facilities, retail spaces and other areas are one of the most common types of environmental graphics. These are larger-than-life installations that help businesses breathe new life into a space. Applying vinyl adhesive graphics, SpeedPro studio owners work with their clients to create a more branded feel, adding logos, colors, slogans and other elements that communicate a company’s culture.

  • Event Graphics and Tents

Many clients come to SpeedPro studios with an idea but not a fully thought-out strategy when it comes to event marketing. Whether they’re attending a conference in Las Vegas or exhibiting at a local festival, it’s important for businesses to stand out with their displays to attract the attention of attendees. SpeedPro studio owners help identify the right style of tent or booth based on the event and the company’s objective. Some types of event graphics and tents include trade show displays, printed wall or stage backdrops and backlit graphics.

  • Indoor and Outdoor Signage

As a studio owner, clients will need to attract customers using high-impact, visually appealing signage on their business’s exterior, as well as compel customers to take specific actions once they walk through the front doors. Indoor signage can be directional or wayfinding in nature, helping people find where they want to go. Businesses can also build their brand by including signage that conveys their mission and values. Meanwhile, outdoor signage may come in the form of backlit signs, banners, flags, custom contour cut designs and A-frame sidewalk signs.

  • Point of Purchase Displays

A point of purchase (POP) display is a type of large-format printing product used when a consumer is making the decision to make a purchase. Retailers, auto dealers, financial institutions, sporting venues and large number of brick-and-mortar businesses depend on POP displays to help motivate their customers to make a purchase. The display may be a tablet stand or kiosk, a wall display, window decals or life-size cutouts.

  • Vehicle and Fleet Wraps

Complete or partial vehicle wraps give business owners the opportunity to increase brand awareness in whatever market they operate. Many organizations have a fleet of company cars that employees use. For example, logistics companies regularly need wraps to brand their vehicles to attract the attention of consumers and potential clients. At the same time, small-business owners may want to invest in a vehicle wrap for their service-based enterprise.

The SpeedPro business model is designed for individuals who excel at forging relationships with other business owners, appreciate and facilitate a consultative approach to working with clients, and know how to manage a small, yet dedicated team.

It’s with this team that you can leverage the large number of SpeedPro products and services to solve your clients’ marketing and advertising pain points. With industry-leading training and support, you can be confident in living up to the brand standards of uncompromising quality and quick delivery with each project – all of which facilitates repeat business and referrals.

Want to learn more about owning a SpeedPro studio? Get in touch with a member of our franchise development team here!

Why Businesses Are Investing in Wide-Format Printing

June 27, 2019

With a healthy economy comes competition across industries for consumers and workers. Wide-format printing businesses are enjoying these times and look forward to the days ahead because other businesses turn to them for solutions to attract customers and employees. SpeedPro Imaging studios, known for being solutions providers, are positioned well to capitalize on the demand for signage needs in their markets.

Offline Attention Grabbers

Although we live in a digital age, we rely on and take notice of a variety of signs every day. Businesses realize this and are investing in wide-format printing everywhere consumers are to grab their attention.

For example, out-of-home (OOH) advertising showed the most growth for non-internet media formats in 2018, including TV, radio, magazines and newspaper. In other words, spending by businesses on billboards, vehicle/fleet wraps, bench wraps, window graphics, banners and more is strong.

Online advertising is great when businesses want to go after specific demographics. But, OOH signage allows businesses to build brand recognition, be seen by a wider audience and attract customers they might miss out on otherwise. Brands become top-of-mind when consumers see advertising for them regularly and brand awareness grows.

Because consumers today spend so much time in front of screens, where they’re exposed to a plethora of digital ads, OOH advertisements stand out. This helps brands stand out from their competitors.

At the same time, OOH ads can be a strategic complement to businesses’ online marketing efforts and provide an impressive return on investment. For example, every dollar spent on OOH advertising generates an average of $5.97 on sales.

Endless Possibilities

Wide-format printing provides businesses with versatility and variety. From large-format graphics seen by millions of commuters on their way to and from work to vehicle wraps observed by pedestrians waiting for the light to change, wide-format printing solutions allow businesses to increase their presence in ways that other forms of media cannot.

Even at trade shows, businesses can stand out among their competitors with the right displays. Backdrops, table coverings and toppers, floor graphics, and other forms of signage will help catch the eyes of attendees.

Businesses, especially retailers, use windows graphics to entice consumers inside. Once in the store, customers can be encouraged to make purchases with an attractive and persuasive point of purchase displays.

Happy Employees are Productive Workers

Wide-format printing can be influential when attracting consumers, but businesses also use the versatile medium for help retaining employees, by keeping them engaged and happy. Businesses in the United States lose $550 billion each year just because workers don’t feel connected to their work environment. With the current tight labor market, businesses want to hang onto their valued employees as long as they can.

Depending on the workspace, companies use experiential design, wall murals, elevator wraps, floor graphics and directional signs to increase contentment, satisfaction, brand pride and other positive feelings at work. A well-designed office can boost productivity by 20 percent.

Why Businesses Invest in SpeedPro

Businesses turn to SpeedPro franchise owners for wide-format printing solutions because we work as true marketing partners, not just as another vendor. We are a part of each community where we have a franchise location – reputation means everything to us because we often rely on repeat business.

Because we’re a franchise, business owners can rely on us for consistent, high-quality work across the entire system of 150-plus studios in North America. As a franchise, we are able to utilize system-wide coordination in developing and delivering marketing materials anywhere in the United States.

We also have abundant resources to stay current with the latest trends pertaining to operations in the wide-format printing industry. Ongoing training and general business operations help each studio owner remain competitive and appealing to other businesses interested in wide-format printing solutions.

To learn more about SpeedPro’s appeal to other businesses for wide-format printing, visit our website.

The Economic Forecast for these 5 Industries and How They Impact SpeedPro Franchisees

October 18, 2018

The economic forecast for the restaurant, real estate and retail industries is strong. The future looks bright for the home improvement and health provider industries, as well as many others.

This is good news for SpeedPro Imaging franchisees since these industries, and many more, rely on services provided by the digital printing industry. It’s important to note that the forecast for our industry is also positive. It is healthy in 2018 and will continue to thrive in the foreseeable future. It has a track record for growth: Five years ago, in 2013, the digital print market was worth nearly $121 billion; in 2024, it will be worth more than $272 billion.

Here’s what SpeedPro Imaging franchisees can look forward to from these supporting industries:

Restaurant

The restaurant industry continues to grow despite challenges caused by disruption. Some segments of the industry are faring better than others, such as fast-casual concepts, which are expected to grow by 7.5 percent by the end of 2018. Quick-serve concepts are anticipated to grow by 3.5 percent while casual and fine dining restaurants are predicted to grow by 2.7 percent. But, with tax cuts taking effect next year, spending to eat out is expected to increase in 2019.

Restaurant industry growth means demand for a wide variety of signage – window graphics, feather flags, digital menu boards, retractors and table coverings. And, don’t forget about food trucks, which will need vehicle wraps.

Economic Forecast 1

Real Estate

Due to demand caused by a tight real estate market and the number of natural disasters that have destroyed homes or displaced people, more housing units are slated to be built – in the area of 6.6 million.

That means developers and real estate agents will be eager to sell these new homes. Large-format printers can expect increased demand for all kinds of outdoor signage, vehicle wraps and window graphics.

Retail

Consumer spending continues to be strong due to a low unemployment rate and rise in discretionary spending, which contributes to a healthy retail environment. That includes in-store sales, which means there’s plenty of demand for point of purchase displays.

Economic Forecast 2

Home Improvement

Because the housing market is tight, many current homeowners are choosing to stay put and remodel instead. This is a boon for big box home improvement suppliers, like Lowes and Home Depot. Retailers with showrooms for appliances and fixtures will also need various forms advertising, including in-store displays, to bring customers in, inform them of sales and direct them to the right areas.

Health Providers

Thanks to an aging population, there’s greater demand for health service providers, including hospitals. Hospitals will undergo renovations, which includes adding more than 1 million hospital beds. The cost of health care will also increase, so patients and their families will expect an experience that resembles a hotel stay. That means enhancing indoor décor, which provides an opportunity for large-format printers to supply digital signage, wall murals, elevator wraps, window graphics and more.

Economic forecast 3

Economic Forecast for SpeedPro Imaging: Growth

These are just a few of the vertical industries with a strong economic forecast that will benefit SpeedPro Imaging franchisees for the remainder of 2018 and well into 2019. Combine the growth of these industries with the nature of digital printing – to help other businesses make money with the use of several different applications – and the opportunity for each SpeedPro studio owner to grow their own business is excellent.

Our 2017 gross profit margins are a testament to that. The top performing quartile of franchise studios had gross profit margins of 64.2 percent – significantly more than the typical small business, which see gross profit margins of 25 to 35 percent.

For information about franchising opportunities with SpeedPro Imaging, contact us today.

 

The Technology That Fuels Our Wide-format Printing Franchise, Pt. I: All-inclusive Startup Program

August 7, 2018

The print industry has evolved far beyond what many people imagine when they think of printing. This is largely due to advancements in technology, particularly with wide-format printers. In fact, a recent industry report estimates the large-format printer market will reach $10.59 billion by 2023. The rising value of the industry is driven by the dynamic, high-quality output these types of printers create.

SpeedPro continues to introduce more game-changing equipment and programs to empower our franchisees and ensure our brand remains highly competitive. That’s just one reason why we’re constantly looking for new technology and all-inclusive programs to help our studio owners get their business off to the strongest possible start.

This article serves as the first in a series exploring the different ways we keep our franchisees on the cutting edge of technology, enabling them to focus on keeping their business running efficiently:

All-Inclusive Startup Program

With SpeedPro’s all-inclusive startup program, franchisees don’t have to worry about all the details and equipment that can quickly overwhelm new business owners. Instead of researching and price-checking all the latest technology and equipment, we take the guesswork out of the process by doing this for all new franchisees.

Our Home Office team purchases everything – from printers to paperclips – a new studio needs. Not only do we buy all your equipment for you, we also ship it right to your door, so you can get your business up and running as quickly as possible. Here are just a few examples of all the technological equipment we buy and send to you, so you can focus on the business side of your franchise:

  • Wide-format printers
  • Cutters
  • Laminators
  • Production tables
  • Computers
  • Furniture
  • Starting inventory
  • Office supplies

Startup Program Add-On: New HP FBFB550 UV Flatbed Printers

In addition to our all-inclusive startup program necessities, we offer different add-ons so franchisees can get an even greater competitive edge. Recently, we’ve introduced HP UV flatbed printers as an add-on for our newly-updated and more robust franchise startup package.

These printers allow our franchisees to keep ahead of the competition, as they’re able to offer customers:

  • High-quality applications
  • Improved high-density photo print modes and high white opacity
  • Tabletop roll holder
  • Multi-image-multi-size capability

In addition to the numerous benefits SpeedPro consumers garner from these printers, they also help out our franchisees from a business standpoint, adding strategic advantages to the already lucrative SpeedPro business model. Here are just a few benefits for studio owners:

  • Increased efficiency – Typical turnaround time for prints are 24-48 hours and can be even faster with the highly-efficient UV Flatbed printer. This large-format printer enables studio owners to load, print and collect media simultaneously, allowing a continuous workflow and saving time and money.
  • Reduced labor and material costs – With the new printers, studio owners can print directly to rigid and flexible substrates. Not only will this cut down on labor costs, it will also eliminate the need for two materials – putting money back in the franchisee’s pockets.
  • Unique product opportunities – Aluminum, glass, mirror and acrylic are just some product possibilities franchisees can advertise to consumers, with the new printing technology.

To learn more about the technology and other competitive advantages that set SpeedPro Imaging apart from other franchise opportunities, get started here.

Leveraging Professional Network Results In Strong Start For This Speedpro Franchisee

July 17, 2018

By maintaining a strong, professional  network of people he developed through his previous employers, Mark Simmons quickly grew his SpeedPro Imaging franchise in Apex, North Carolina. He hit the break-even point in the fourth month of ownership and started earning a salary by the eighth month.

The Jump from Retail to Large-Format Printing

Mark spent more than 30 years in retail, beginning as a store manager at a lumber retailer and ending as Regional Vice President for Advance Auto Parts. In between, he held other high-level management positions with Target, Linens N Things and Wegmans Food Markets. In 2015, his position was eliminated and Mark had to decide whether he wanted to stay in retail, which often requires you to move to where the jobs are, or pursue a new career path. With roots established in the Raleigh area and a daughter in high school, Mark chose the latter. He decided to become a business owner.

Intrigued by wide-format printing – car wraps, large wall murals, window graphics and more – and the cool and fun factors involved, Mark pursued the franchise opportunity with SpeedPro Imaging. Plus, being a hands-on operations guy, the owner-operator model appealed to Mark, as did the strong gross margins in the large-format printing industry. Mark opened his SpeedPro in Apex, a suburb of Raleigh, in 2016.

“SpeedPro made the short list,” he said. “The business model was attractive to me. I enjoy the B2B interaction, which I experienced in some of my previous positions. Plus, I felt like SpeedPro offered more work-life balance as opposed to retail, which includes a lot of hours and traveling that caused me to miss a lot of holidays and other important events.”

Tapping Extensive Network for Lucrative Jobs

Mark wanted to start his new career as a SpeedPro Imaging franchise owner strong, so he reached out to people in his professional network that he spent more than 30 years developing. Doing so gave him a significant head start.

“I jumped in with some large companies that I had connections with very early on that has paid dividends for me,” he said. “We started doing work for American Airlines in our first six months of business. That’s been very fruitful for us – we’ve done signage for them in Charlotte and Raleigh, Pittsburgh, Washington D.C., Miami and Tulsa.”

Mark was also able to leverage the relationships he maintained with people at Advance Auto Parts, the national retail company where he had previously worked. SpeedPro of Apex has taken on large projects for that company all over the United States.

Landing repetitive business accounts has helped maintain the momentum. For example, SpeedPro of Apex works with home builders, which require a lot of large-format printing work. At the beginning of July, the printer had 12 projects for 10 neighborhoods with a single builder. With six to eight clients like that, franchisees should do well, Mark said.

“Once you show them how great you are at project management, hitting deadlines and quality of work – there’s really no conversation on price,” he said. “They trust you’re going to do the work, charge a fair price and they don’t worry about it.”

The Right Team Contributes to Strong Growth

When he started, Mark was not up to speed on large-format printing. There was a lot to learn. But, he did have an eye for detail and a vision for the way things are supposed to look. To fill in the gaps, he hired a team of four people with printing experience, including a production manager with a graphic design degree.

In the two years since opening, Mark has also assembled a network of subcontractors for installations. He has purchased a lot of equipment, which has allowed him to bring most of his printing jobs in-house instead of sourcing it out to other SpeedPro locations.

“We can now do 95 percent of our jobs in-house with our own equipment – that’s a good feeling in the first two years,” he said. “SpeedPro is a unique model. You can scale the business without multiple locations. You can scale it with just one.”

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

Looking For A Creative Outlet? Speedpro Imaging Could Be The Perfect Business For You

June 26, 2018

Seventy percent of Americans are disengaged or unsatisfied at their jobs. Evolving employee attitudes and expectations are to blame for this, according to research by the same Gallup poll.

Most workers, many of whom are millennials, approach a role and company with a highly-defined set of expectations. They want their work to have meaning and purpose, and they want to use their talents and strengths every day. For many creative types seeking a fulfilling career, corporate America just doesn’t cut it.

Here’s why SpeedPro Imaging could be the perfect franchise opportunity and creative outlet for you:

Create Your Own Culture

undefinedCreating your own work environment and company culture is one of the most rewarding parts of being a business owner. Within a franchise system, some entrepreneurs worry they’ll miss out on the opportunity to build a culture they love. But with the right brand, you’ll have all the backing and support you need, without sacrificing your autonomy.

While some franchise brands are more restrictive, SpeedPro allows you to run your business the way you want. There are many common threads among SpeedPro franchisees – they love variety in their day and the fast-paced, collaborative studio environment. But, no two franchisees, markets or studios are exactly alike. So, even though we all share the SpeedPro name, our corporate team won’t encroach on your day-to-day operations.

We provide you all the tools, support and resources you need to take your success to the next level. But, we won’t do so at the cost of your autonomy and flexibility. You can create the environment you want, and run your business exactly how you like.

Use Your Creative Skills Every Day

undefinedWith SpeedPro, your creativity doesn’t begin and end with designing your studio and creating your culture. You get to flex your creative muscles every day with your design and graphic work.

As a SpeedPro franchisee, you’re not just a printer – you’re a solutions provider. In that way, you’re an extension of every client’s marketing department. You have to work with them to understand their long-term objectives, while finding custom design solutions to help them accomplish those goals. Not only do you have to use your creative vision to make graphics, you also need to find creative solutions to help clients.

Experiment with Experiential Graphics

Each client is different, and each of their objectives and projects are unique. With the growing popularity of experiential graphics, SpeedPro franchisees have been able to get even more creative with their designs. The possibilities for large-scale graphics in experiential design are endless.

SpeedPro Imaging Chicago owner Shira Kollins recently re-created Moe’s Tavern from The Simpsons for a pop-up bar. She even used her business and creativity to custom-build removable wallpaper and dance floor for her own wedding.

undefinedAnother testament to the power of experiential graphics was SpeedPro franchisee Steve Moran-Cassese’s work rebranding Hewlett Packard’s headquarters. Or, SpeedPro’s Mark Simmons showcasing his talents by transforming a plain-looking car dealership showroom into a Polynesian beach-themed landscape.

It’s no surprise that business owners report higher job satisfaction than employees stuck in a corporate machine. Not only do entrepreneurs enjoy the freedom to create whatever work environment they want, they can also center their product or services on their own strengths. And, with the SpeedPro Imaging business opportunity, they get to use their creativity every day.

To learn more about the SpeedPro franchise opportunity, check out what our franchisees have to say.

How Speedpro Imaging Franchise Ownership Provides Entrepreneurs A Healthy Work-life Balance

June 20, 2018

Work-life balance is a top priority for today’s workers. It not only means extra time for family, friends and hobbies, but it actually affects your health. When we get stressed and overwhelmed by work priorities, our immune system suffers—meaning you’re susceptible to getting sick more easily.

Many people turn to business ownership to reap the benefits of work-life balance. Franchise opportunities are a proven way for entrepreneurs to become independent business owners while still receiving support for buying, training, marketing and operations from the franchisor.

SpeedPro Imaging has more than 135 locations already up and running, providing entrepreneurs with confidence that the brand is based on a proven model. New franchisees appreciate the large and growing base of peers and unmatched corporate support. These resources help franchisees, such as David and Cherie Ostermann, grow their business and achieve a healthy work-life balance. They’ve been part of the SpeedPro family for 12 years.

Partners in Life and Business

David and Cherie OstermannCherie worked as a personal trainer and as a sales rep for a magazine. David worked most of his professional life in IT sales and telecommunications. But, in 2001 the IT industry took a hit. After being laid off four times, he knew it was time for a career change, but wasn’t sure where to turn. Although the couple wasn’t looking into franchise ownership, they heard about an opportunity through a friend, who owned a SpeedPro Imaging studio.

David and Cherie became partners with that friend in 2005 and took full ownership in 2010.

“Both Cherie and I had years of sales experience, so it seemed like a good fit,” David said. “We did a 90-day trial and then signed on and became full owners eight years ago.”

They got married shortly before their career change, and their tag-team effort has helped them run the business smoothly and achieve their work-life balance.

“I think since there are two of us and we act as partners in the business, it makes it easier to take time away,” Cherie said. “For example, I’ll work from home to watch our grandkids. Family is so important to us, so that’s a huge plus.”

But it wasn’t always this way. David and Cherie worked hard to build up a great team to support their business.

Teamwork Makes the Dream Work

When they first took ownership, David and Cherie spent the same amount of time doing SpeedPro work as they did doing work at their past jobs. However, since then, they have been able to scale back their time at work and spend more time with family, but not without strategic planning.

“It’s so important to have a great team on your side,” David said. “We made sure to take time hiring the right people who we could trust with our business. We have great general managers and staff. We’re very confident in our staff to keep everything moving smoothly.”

This attention to detail with hiring has allowed the pair to take time off and feed their travel bug.

“By the time we got married, both our children were adults, so we’re empty nesters now,” Cherie said. “We want to take advantage of this time to travel. We’re seeing the world and visiting our kids and grandkids along the way, making memories we’ll never forget.”

David’s son is studying abroad in Florence, Italy, and David and Cherie plan to visit him this summer. While it took hard work in their business, the SpeedPro model has allowed the couple opportunities to enjoy entrepreneurship and their family in harmony.

To learn more about SpeedPro’s model and more about franchisee work-life balance, read about some of the perks of being a SpeedPro studio owner.

Your Path To 65 Percent Gross Profit As A Speedpro Franchisee

June 13, 2018

Few metrics matter more to business owners than gross profit. In spite of strong sales, franchisees that have to absorb steep operational costs are less likely to see the return on their initial investment they expected.

So, understandably, entrepreneurs seeking out new opportunities want to have an idea of their bottom line before investing in a franchise concept. Most small businesses operate within a gross margin of around 25 to 35 percent.

Double those figures, and you’ll arrive at the gross profit margin of the top-performing quartile of SpeedPro franchisees. Yes, you read that correctly. In 2017, the top 25 percent of SpeedPro studios had gross profit margins of 64.2 percent.* Here’s how they’re able to do that:

Industry Leading-Brand in a Growing Industry

The U.S. wide-format printing market is predicted to grow by 4 percent compound annual growth rate (CAGR) from 2017 to 2021, according to a recent study. In other words, the wide-format industry is projected to see impressive returns in the coming years. The market has always had a healthy customer base derived from smaller businesses looking for effective marketing collateral that generates strong ROI, and the market is only expected to grow. Along with the expanding market, the industry is also growing at a rapid pace, and we’re excited to be leading the charge.

Cost-Effective Inventory and Supplies

Through SpeedPro’s partnership with 3M, as well as our vendor relationships, we’re able to offer our franchisees all the necessary materials for their business at a hefty discount. With more than 150 studios in our system, we have substantial buying power. By purchasing materials in bulk, we’re able to provide lower costs for supplies, inventory and any other goods our franchisees will need. With these significantly-reduced rates, franchisees can slash operating costs and, ultimately, enjoy higher profitability.

Strong Sales

SpeedPro franchisees have benefitted from strong sales for years, even before recent industry growth and innovation. With a B2B focus, our franchisees are able to turn a much higher profit than consumer-facing and retail printers. With most companies dedicating anywhere from 8 to 24 percent of their budget on marketing, including graphics and large-scale visuals, this translates into a significant market for our franchisees.

Not only do we produce work on a larger scale, we also get years of loyal customers and repeat business driving sales. Why? Because we’re not just a printing business – we’re a solutions provider. SpeedPro franchisees provide customers with eye-catching, premium graphics, but even more importantly, they tailor each solution to the individual customer’s needs. SpeedPro owners are an extension of each client business’ marketing team.

For more than 20 years, we have been partnering with relationship-oriented, creative and business-minded individuals to bring SpeedPro to markets across the country. When our individual franchisees succeed, our whole brand succeeds – so the impressive profit margins the top-performing SpeedPro franchisees see are just as good for them as they are for us. By driving down inventory costs and positioning franchisees in a profitable, growing segment, we’ve been able to nurture a strong, healthy franchise system – while propelling our brand to become an industry leader.

To learn more about the SpeedPro franchise opportunity, check out what our franchisees have to say.

*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%, 14 Studios met or exceeded the average Gross Profit Margin figure. The Gross Margin figurs is 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.

Tired Of The Corporate Ladder? Check Out The Benefits Of Franchise Ownership

June 7, 2018

Let’s face it: Few people aspire to middle management. On the other hand, more than half of Americans want to own their own business. From following your passion to being your own boss, the benefits of business ownership are endless. Still, starting up a business can be a formidable prospect, especially for people new to the industry or entrepreneurship in general.

That’s why many people opt for a franchise model when they’re ready to open their first business. This model gives them all the benefits and autonomy of owning their own business, along with a proven framework for success.

Here are just three reasons why franchise ownership is the way to go for aspiring entrepreneurs tired of the corporate ladder:

Brand Recognition

A business is nothing without the power of a good brand and trusted name backing it up. Business owners can spend months conceptualizing every detail of their brand – from their logo to branding colors and themes. But that’s the easy part. Once they’ve figured out their brand, it takes years to become a trusted, respected and recognizable name.

With a franchise model, business owners don’t have to start from ground zero in building their brand – it’s already been done for them. With many years in business and multiple locations, established franchise brands like ours hand over our trusted name and brand to all our franchise partners. Having this brand recognition and trust in place at the onset provides business owners a significant competitive advantage, and allows them to focus on other things – like running a profitable studio.

Training and Support

The training and support available to business owners within a franchise model present another great advantage over competitors. After years of experience, franchisors have established methods to help you get up and running quickly – and stay successful for years to come. Still, every opportunity is different, so it’s important to research franchise opportunities extensively and understand exactly how the franchisor will train and support you.

Framework for Success in Business Ownership

With a franchise business, owners will have a proven system and framework already in place for them. This minimizes the chances of making costly errors, significantly reducing overall risk.

Not only does a proven business model minimize obstacles, it speeds up initial startup time. Since you’re provided a comprehensive manual for success, franchise owners do not have to spend months – or years – planning every aspect of their business. From marketing and operations to supplier relationships, every system has been planned, replicated and perfected.

Franchising is a path to business ownership that gives franchisees immediate, established brand recognition, proven systems and supportive networks. Of course, the business is only as good as the franchise brand behind it, so it’s important to do your due diligence before investing in any concept. Make sure the brand you’re aligning yourself with has a track record of success, along with the support you need to get up and running quickly.

To learn more about the SpeedPro franchise opportunity, check out what our franchisees have to say.