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!