Starting or operating a business is a big leap anytime, but especially in 2022. Aspiring business owners want to know that their investment opportunity is a financially stable business model that can weather any economic turbulence.
SpeedPro’s large-format printing franchise gives owners that opportunity. Because of our low-overhead model, great profit margins, diverse clientele, and growing industry, our business is prepared to help owners navigate times of economic uncertainty. Here are just a few ways SpeedPro franchise owners are set up for success.
In times of economic turbulence, small business owners know every penny counts. Thankfully, SpeedPro Studios can operate with exceptionally low overhead costs.
As an exclusively business-to-business franchise model, our Studios do not have retail storefront needs which saves on the cost of additional leased spaced typically needed for direct-to-consumer facing businesses. Employee workstations, printing equipment, and materials storage – even having a bay for vehicle and fleet wraps – can be achieved in surprisingly low square-footage.
SpeedPro is a lean operation by nature. Most Studios run with a handful of additional employees. Because our Studios start and stay small, there’s less pressure on owners. Your monthly costs remain low because there are fewer salaries and benefits packages to pay out, but your business continues to run smoothly.
High profit margins
In some industries, the cost of running a business is high. If an owner has to invest heavily to buy product and it never sells, they might be out a substantial amount of money. The risk is even greater when those products’ profit margins are slim.
SpeedPro is proud to report industry-leading profit margins of around 68 percent, on average (per our 2022 FDD Item 19). Our cost to do business is low, but our high quality and exceptional service deliver great returns. This is combined with our network’s buying power. SpeedPro works with the best suppliers of materials, equipment, and supplies ensure franchisees have access to tremendous pricing to operate their businesses. This means greater savings and higher profits!
One fear of B2B businesses is that when the economy takes a turn for the worst, clients close up shop or tighten their budgets for external services. This is true in some cases, but not always. In the print and advertising industry, for example, companies tend to stick with their ad spend.
Advertisers and businesses that maintain or grow their marketing budgets often increase overall sales both during and after a recession. This is because business need to stay competitive when consumer spending drops. By tailoring their marketing messages, channels of distribution,and advertising heavily, they stay top-of-mind for customers.
Therefore, SpeedPro operates in an in-demand industry, regardless of economic performance. Our clients continue to need high-quality large-format print products to get in front of customers. Even more importantly, our products tend to be more affordable than other advertising options. Things like vehicle wraps cost as little as four cents per thousand impressions, which provide valuable ROI.
The saying “don’t put all your eggs in one basket” rings true during economic turbulence. If businesses bank on the success of one particular client segment and that segment heads south, they could be in trouble.
SpeedPro combats this by serving an extremely wide range of client types and industries. This allows owners to pivot when some clients pull back. We can truly serve any business: from Fortune 500 companies to small independent businesses; from schools and universities to faith-based organizations; from local ad agencies to nationwide small-format print shops. Our products are applicable to almost everyone, meaning our owners have plentiful options for new clients.
Reduce your risk with SpeedPro
If you dream of opening your own business but are skeptical about the state of the economy, be strategic about your investment. Launching a SpeedPro Studio allows you to capitalize on a growing industry, operate a lean team and expand your reach across a variety of client types.
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