SpeedPro FDD Highlights Smart Investment

The numbers are in! The average SpeedPro Studio generated over $900,000 in gross sales in 2023. Sound intriguing? There are more benefits where that came from! SpeedPro, the nation’s leading large-format printing franchise, offers a compelling opportunity for aspiring entrepreneurs seeking a smart investment.

Our recently released 2024 Franchise Disclosure Document (FDD) highlights the financials that savvy business owners need to know before choosing to dedicate their investment. Paired with our low-overhead operation, partnership-focused sales approach and proven business model, these numbers paint a clear picture of your GREAT. BIG. POTENTIAL. with SpeedPro!

Unveiling the Numbers from SpeedPro’s 2024 FDD

The strength of the SpeedPro network is undeniable. In 2023 alone, our wide-format printing system surpassed a staggering $104 million in total revenue. This is yet another year-over-year increase in sales revenue.

But what does this mean for you as a potential franchise owner on an individual basis? When you’re evaluating a franchise opportunity, it’s crucial to understand and compare performance ranges—including the average Studio and the top performers across the business. By looking at the average and top quartile’s gross sales and owner’s discretionary profit, you can get a better idea of the profit potential that SpeedPro holds.

Sales and earning potential

In 2023, the top quartile (representing the highest-performing 25% of franchises) boasted an average gross sales figure of $1,488,094. What’s even more exciting is the top quartile’s average owner’s discretionary profit of $412,670. These Studios are leading the charge within the SpeedPro system and demonstrating just how successful our franchisees can be!

Looking at the broader picture, the average SpeedPro franchise generated $901,081 in gross sales last year. This is slightly above the median gross sales figure of $800,644 (representing the exact middle earners within the SpeedPro system).

Cost to open

SpeedPro’s earnings potential looks even more enticing when you compare it to our cost to open. In comparison to the broader franchise industry, SpeedPro offers our business opportunity at a low initial investment, making it that much more accessible to entrepreneurs.

Item 7 of the 2024 FDD outlines some of the core costs involved in opening a new SpeedPro Studio. These include a $49,500 franchise fee (with a discount for veterans and first responders), a $10,000 marketing fee, a turnkey startup package with equipment and supplies and operating capital for your first six months. Altogether, the average initial investment for a brand-new studio is $250,000.

Once your Studio is up and running, you’ll enjoy low overhead with a small staff and an average profit margin of 68%. These elements of our business make it easier to recoup those initial costs and turn your business into a profitable one!

SpeedPro Ownership Goes Beyond the Numbers

While financial rewards are certainly attractive, there’s so much more to owning a SpeedPro Studio than numbers. SpeedPro is a proven business model honed over years of success. As a franchise owner, you’ll benefit from comprehensive training programs, ongoing support from a dedicated team and the power of a nationally recognized brand.

With our ongoing R&D and innovation investment, we’ll equip you with the tools and knowledge you need to thrive in the booming large-format printing industry. You won’t be starting from scratch—you’ll have a team of experts and a supportive network of fellow franchisees behind you every step of the way. As the industry continues to grow—with estimates reaching $30 billion by 2028—SpeedPro has every intention of staying on the leading edge.

The future is bright for the large-format printing industry, and SpeedPro is poised for continued success. If you’re an ambitious self-starter in search of a rewarding career path with the potential for significant financial rewards, SpeedPro might be the perfect fit. Reach out today to learn more about our franchise opportunity!

* All figures reflect 2024 Franchise Disclosure Document (FDD)