One of the biggest benefits of owning a SpeedPro Studio is the ability to scale your business at the size and pace you choose. This can be done with a single Studio location centralized in a business community. But for savvy entrepreneurs who are interested in building a franchise empire, multi-unit ownership can magnify scalability with SpeedPro franchise ownership significantly.
At SpeedPro, we give franchise owners the ability to choose how and when they scale—including the opportunity to operate several Studios in different markets. By offering a multi-unit franchise opportunity, qualified franchisees can unlock even greater earning potential and apply lessons learned to a suite of successful SpeedPro locations.
What is Multi-Unit Ownership?
In franchising, “multi-unit ownership” refers to the ability to own and operate multiple locations of the same franchise brand. With SpeedPro, this means becoming the owner of several SpeedPro Studios across unique territories.
Multi-unit ownership typically begins with an upfront agreement—meaning you’ll sign on to open a particular number of Studios within a set timeframe. By signing the agreement right away, you’ll lock in rights to your chosen territories, giving you an advantage in the markets you’re most interested in. Studio developments are often staggered to allow one Studio to get up and running before the next grand opening.
Because multi-unit ownership involves a contract for several units upfront, the initial cost will be higher. This usually involves stricter investment criteria for owners—you’ll need to demonstrate enough financial capacity to manage the larger investment. To offset this, some franchise systems offer reduced franchise fees and other costs in exchange for multi-unit contracts.
The Power of Owning Multiple SpeedPro Studios
Although it can come at a higher cost, there are numerous advantages to becoming a multi-unit SpeedPro owner. Here are some of the key benefits.
- Increased revenue and profits: Every market is different, with unique businesses and organizations to partner with for large-format print products. Imagine the multiplied impact that developing strategic partnerships across multiple locations can have! With each additional Studio, you’ll exponentially expand your customer base. This larger pool of clients can drive significant revenue and profit growth. Additionally, having diversified markets and client pools can reduce your overall risk in the business.
- Operational efficiency: Every franchise investment teaches you something new about business ownership. After you open one SpeedPro Studio, your experiences will be a gold mine for streamlining operations and ensuring consistent quality across your empire. Using lessons learned unique to your bsuiness, you can implement proven systems and training programs, reduce onboarding times for new staff and ensure exceptional customer service across all locations. With each new Studio, your operations will get better, faster and smoother.
- Economies of scale: Owning several Studios allows you to create a mini-network within your region. Sharing resources like marketing materials, printing supplies and even vendor contracts between your Studios can result in substantial cost savings. These savings can then be reinvested in your Studios, fueling further growth and innovation.
- Market domination: Many multi-unit SpeedPro owners choose diverse territories within a larger region—such as Chattanooga and Knoxville, Tennessee. By strategically opening your Studios, you’ll establish a dominant presence that is hard for competitors to match. Customers naturally gravitate toward brands with the most extensive reach and reputation for quality. This market share dominance may translate into consistent revenue and a more secure foothold within the industry.
- Legacy building: Building a multi-unit SpeedPro business isn’t just about financial gain—it’s about creating a lasting legacy. By owning more than one Studio, you can establish a high-quality enterprise that holds immense value for future sale or inheritance. Your franchise empire can be passed down to future generations, remaining a testament to your entrepreneurial spirit and dedication.
Pursuing Your Multi-Unit Dream with SpeedPro
At SpeedPro, we understand the ambitions of driven entrepreneurs. That’s why we offer a supportive framework for multi-unit ownership, including assistance with territory development, guidance on staggered opening plans to ensure smooth operational transitions and ongoing training and mentorship to empower you to excel in each location.
If you’re interested in multi-unit ownership, it’s important to be prepared during the early stages of franchise discovery. SpeedPro seeks prospective owners who have the capital needed to invest, as well as the capacity and experience necessary to open and run several businesses simultaneously. All multi-unit owners must be qualified before contracts are signed.
It’s also important to consider your territory preferences. Because of the versatility of SpeedPro’s products, Studios should not encroach on each other’s markets. It’s a good idea to choose territories that are proximate for joint management but far enough apart to offer diverse client potential.
Build Your Large-Format Printing Empire
Multi-unit ownership with SpeedPro presents an opportunity to build a successful and scalable business. By combining the power of a recognized brand with the amplified earning potential of multiple locations, you can achieve your entrepreneurial goals and establish a major presence in the large-format printing industry.
Reach out to learn more and take the first step toward building your large-format printing empire!