SpeedPro Franchise FDD, Profits, Costs & Fees (2024)
SpeedPro, a leader in the wide-format printing industry, offers a compelling franchise opportunity with a focus on high-quality graphics and business-to-business services.
The company was initially founded as SpeedPro Signs in Alberta, Canada, by Blair Gran who utilized his family’s legacy in sign-making combined with innovative digital printing technologies.
SpeedPro began franchising in Canada in 1996 and expanded into the U.S. market in 2003. The brand underwent a significant transformation in 2019, rebranding to simply SpeedPro, to better reflect its broad range of services.
Headquartered in Centennial, Colorado, SpeedPro specializes in producing large-scale graphics such as wall murals, event graphics, tradeshow displays, vehicle wraps, and window graphics.
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Initial Investment
How much does it cost to start a SpeedPro franchise? It costs on average between $234,000 – $350,000 to start a SpeedPro franchised shop.
This includes costs for construction, equipment, inventory, and initial operating expenses. The exact amount depends on various factors, including the location, and whether the franchisee chooses to lease or purchase the property.
| Type of Expenditure | Amount |
|---|---|
| Initial Franchise Fee | $25,000 – $49,500 |
| Start-Up Fee | $125,000 |
| Initial Marketing Fee | $10,000 |
| Leasehold Improvements | $4,000 – $35,000 |
| Furniture & Fixtures | $4,000 – $8,000 |
| Rent and Security Deposit | $8,000 – $25,000 |
| Training Travel Expenses | $4,000 – $6,000 |
| Business Permits and Licenses | $100 – $1,200 |
| Business Insurance Premiums (one year) | $500 – $1,000 |
| Utility Deposits | $250 – $1,200 |
| Professional Fees | $1,500 – $5,000 |
| Additional Funds for the first six months | $54,000 – $84,000 |
| Total | $234,000 – $350,000 |
Average Revenue (AUV)
How much revenue can you make with a SpeedPro franchise? A SpeedPro franchised business makes on average $813,000 in revenue (AUV) per year.
Here is the extract from the Franchise Disclosure Document:
This compares to $757,000 yearly revenue for similar printing and signage franchises. Below are 10 SpeedPro competitors as a comparison:
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SpeedPro Franchise Disclosure Document
Frequently Asked Questions
How many SpeedPro locations are there?
As of the latest data, SpeedPro operates over 120 locations across the United States. These studios are primarily franchise-owned, with each location managed by individual franchisees. The company focuses on expanding its franchise network, offering opportunities for entrepreneurs to own and operate their own SpeedPro studios.
What is the total investment required to open a SpeedPro franchise?
The total investment required to open a SpeedPro franchise ranges from $234,000 to $350,000.
What are the ongoing fees for a SpeedPro franchise?
SpeedPro franchisees pay a 6% royalty fee on gross sales after the first 12 months. They also contribute up to 2% of gross sales monthly to a Marketing Fund Fee for brand-wide marketing initiatives.
What are the financial requirements to become a SpeedPro franchisee?
To qualify as a SpeedPro franchisee, candidates are required to have a minimum net worth of $300,000 and at least $100,000 in liquid capital.
These financial prerequisites ensure that potential franchisees possess the necessary resources to support the initial investment and ongoing operational expenses associated with establishing and maintaining a SpeedPro studio.
How much can a SpeedPro franchise owner expect to earn?
The average gross sales for a SpeedPro franchise are approximately $0.81 million per location. Assuming a 15% operating profit margin, $0.81 million yearly revenue can result in $121,500 EBITDA annually.
Who owns SpeedPro?
SpeedPro is a franchise-based company specializing in wide-format printing and graphics. Each SpeedPro studio is independently owned and operated by franchisees. The corporate leadership is headed by Paul Brewster, who serves as the President and CEO.
Disclaimer
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