Frequently Asked Questions
Per our Item 7* the start-up costs range from $207,100-291,150 for a new studio or $37,580-214,160 for a conversion franchised business(1) which includes your entire start-up asset package.
*Please see item 7 of our 2021 FDD
(1)Range for the base equipment package and does not include potential
tenant improvements out of pocket which rarely occur.
Ramp Up program provides the opportunity to begin revenue generation right away and naturally
accelerates the time to break even.
Upon signing your franchise agreement, you’ll immediately enroll in the
Ramp-Up & Kick-Start Programs giving you the tools to develop your business and your client base including
learning the products and how to begin generating revenue well before
your grand opening. This program is one of the most powerful resources
in the franchising industry.
Facts and Figures*:
|Average 2020 Gross Sales (Top 25% of Studios)||$963,462|
|Average 2020 Gross Profit (Top 25% of Gross Profit)||$655,135|
|Average 2020 Gross Margin (Top 25% Gross Profit Margin)||68%|
|Average 2020 Owner's Discretionary Profit (ODP)/ EBITDA||$272,777|
*Top 25% of studios excluding California and New York. See important disclosures in item 19 of FDD.
A small team of employees is typically needed. Initially, each studio starts with 2 employees. Over time as their business scales, additional employees can be added. The average studio has 2-4 employees per location.
|New Studio Gross Sales:||Your Royalty Fee Rate|
|$0 - $75,000||6.0%|
*Please see Others on pages 7-11 of the 2021 FDD
For new studios, the initial investment into the marketing fund is $20,000 and is included in the initial investment range of $207,100 - $299,150. Then, monthly Marketing Fund Fees are based on monthly gross sales range beginning at 1.75% ($20,000 and under sales) and decreasing to 0.75% ($170,001 and over sales).
For conversion franchised businesses, the Marketing Fund Fee is 1% of gross sales for the first 12 months of operation. Months 13-24, the fee is 1.5%. On month 25 and beyond, hen current Marketing Fund Fee for System.
Our business mode typically focuses on scaling in a single location with
additional equipment and personnel rather than opening additional locations.
No, all units are currently owned and operated by local franchisees!
You will need a studio vehicle to operate the business, however it is not
included in the franchise equipment package. The vehicle will be used
for basic needs like making deliveries and going on sales calls. You’re
allowed to use your personal vehicle for the business, and we encourage
that it is wrapped with the SpeedPro approved wrap to display your location,
services, and our brand. Vehicle graphics are one of the most cost effective
advertising mediums out there and given that it’s a key product
line for SpeedPro, it’s critical to get the word out on your business
and show your prospective customers the workmanship of SpeedPro.
We have multiple third-party streamlined financing options for prospective franchisees. Call us and we will be happy to discuss your options with you.
While experience in sales and developing business relationships is always an advantage, we assess your abilities during our mutual
discovery process. SpeedPro studios grow revenue through outbound sales efforts to building relationships at networking events - we find that regardless of background we can identify the sales traits to be successful. It is imperative to follow The SpeedPro Way to learn our proven model and implement it in your business.
Currently, we have over 130 units in the US. The large format printing industry is very large and growing steadily, giving opportunity for strong unit-level sales in many additional territories throughout the US. We also have an affiliate in Canada that operates under the SpeedPro brand with over 50 units.
The typical buildout requirement is minimal as we require an open floorplan for the production space and 1-2 offices for the owner and staff along with a vehicle bay. Most buildouts take 30-60 days, depending on the condition of the space.
Our executive style studios are typically in tech/flex commercial locations and can operate with as little as 2,000-4,000 square feet of space. This minimizes the overhead cost of larger retail type locations.
We generally seek to have the franchise location at the epicenter with good ingress and egress of an established territory which includes over 5,000 businesses. Our model is not location sensitive given the B2B nature of the business.
We’re happy to! Our expert real estate team assists with site location and lease negotiations for each studio established.
Our turnkey program (“Business in a Box”) includes everything from office furnishings to some of the most advanced printers in the industry, all the way down to the paperclips. We work with you hand-in-hand during the initial setup. Our FDD covers in detail the equipment and furnishings provided by us for the studio.
Yes! Training begins immediately upon signing the franchise agreement for the business, enabling franchisees to pursue the
Ramp Up Program. Once the studio location is ready to open, extensive training (72 hours) will take place at the Home Office in Centennial, Colorado or at the Studio where the new franchisee is opening.
The Home Office team and Field Consultants offer support and ongoing training on general business operations, finance and sales as well as technical aspects relating to the production of large format graphics. We also have an extensive Intranet called “the Hub” which offers 24-hour access to critical business tools.
Employee compensations vary according to the regional demographics and personnel qualifications.
Our differentiation consists of providing the absolute highest quality graphics for our target customers, who value a partner that is focused on providing the right solutions with impeccable client service. This allows SpeedPro to stand out amongst our peers and to command premium pricing for our target market.
We serve an extensive group of client categories, as the graphics we produce are used almost everywhere. Our target markets include marketing service providers (ad agencies and marketing firms), wholesale accounts (small format printers and sign shops) and direct clients such as small to medium size businesses, large corporations, government organizations, hospitals, and other entities). Being a B2B focused model means we tend to only work with other professional organizations and rarely if ever directly with non-business affiliated consumers. Check out our Business Model to learn more.
We have been the leaders in technology and innovation within the Wide Format Printing Industry for over 20 years and continue to revolutionize the visual and communications graphics industry. This perfectly positions each franchisee to be the go-to-source for marketing firms, ad agencies, and blue chip corporate brands.
We attend our industry tradeshows and seminars to keep an eye on the changing landscape in the large format industry. We constantly evaluate the equipment and supplies our owners are using to service their client’s needs. In short, we’re always adapting. As long as we continue to adapt to our clients’ needs, our clients will continue to turn to you.
Field Consultants are expertly suited to be the "on the ground"
business consultant for our franchise owners. Having owned and operated a SpeedPro studio, our Field Consultants have personally handled many of the day-to-day challenges you will face as a business owner.