About SpeedPro Studio Franchise
SpeedPro is a large format printing and visual communications franchise that has been offering franchise opportunities since 2014.
Backed by Fairfield SPF, Inc.
and SP IP LLC, the brand serves businesses with wide format printing services including vehicle wraps, wall murals, trade show graphics, banners, signs, and window displays.
SpeedPro Studio Franchise Cost & Fees
Minimum Investment
$251K
Average Investment
$289K
Maximum Investment
$327K
| Fee Type | Amount | Notes |
|---|---|---|
| Initial Franchise Fee | $49,500 | One-time payment upon signing |
| Royalty Fee | Beginning 13th month from Effective Date, the greater of (a) 6% of Gross Sales up to $60,000; and 4% of Gross Sales from $60,001 and above; or (b) the Minimum Royalty Fee of gross sales | Ongoing; paid monthly |
| Marketing/Ad Fund | Up to 2% of monthly Gross Sales | National brand fund |
| Total Investment Range | $250,730 – $327,340 | Includes build-out, inventory, working capital |
The investment range of $251K–$327K reflects variability in build-out costs, store size, lease terms, and market. The combined royalty (Beginning 13th month from Effective Date, the greater of (a) 6% of Gross Sales up to $60,000; and 4% of Gross Sales from $60,001 and above; or (b) the Minimum Royalty Fee) and marketing fee (Up to 2% of monthly Gross Sales) are ongoing costs paid as a percentage of gross sales.
Investment Breakdown (Item 7)
| Item | Low | High |
|---|---|---|
| Initial Franchise Fee(1) | $49,500 | $49,500 |
| Start-Up Fee(1) | $123,040 | $123,040 |
| Initial Marketing Fee(1) | $20,000 | $20,000 |
| Leasehold Improvements | $2,500 | $33,000 |
| Furniture & Fixtures(2) | $3,190 | $3,400 |
| Rent and Security Deposit(3) | $3,000 | $12,000 |
| Training Travel Expenses(4) | $2,000 | $3,500 |
| Business Permits and Licenses(5) | $100 | $1,200 |
| Business Insurance Premiums (one year)(6) | $800 | $1,500 |
| Utility Deposits(7) | $100 | $1,200 |
| Professional Fees(8) | $1,500 | $4,000 |
| Additional Funds for the first six months(9) | $45,000 | $75,000 |
Additional Fees (Item 6)
| Fee Type | Amount |
|---|---|
| Transfer Fee | $10,000 |
| Renewal Fee | $10,000 |
| Technology Fee | $350 per month |
| Audit Fee | Audit-related costs and expenses if an audit reveals an understatement of Gross Sales of 2% or greater |
| Insurance Premium Charge | The cost of insurance premium for our required insurance |
| Insurance Admin Fee | We do not currently charge this fee. |
| Additional and Advanced Training, Conferences, and Seminars | Costs for instructors, materials, training aids, and expenses |
| Annual Franchisee Convention Fee (If Held) | $275 but may be increased by us at any time up to $550 |
| Business Training Fee (for transfers) | $2,500 |
| Live In-Studio Production Training (for transfers) | $2,500 |
| Vehicle Template Library License Fees | $79 per year |
| Improvements, Updates, and Upgrades | Cost of improvements, updates, and upgrades |
| Modifications to Marks | Varies |
| Site Selection | Our expenses |
| Indemnification | Amount of liability, costs, and expenses |
| Interest | 18% or maximum rate permitted by law, whichever is less, on all amounts not paid when due |
| Late Fee | The greater of (a) 20% of the overdue amount, subject to applicable law; or (b)$100 |
| Late Report Fee | $100 |
| Relocation Costs | Costs and expenses of relocation |
| Insurance Service Charge | The full cost of insurance, plus all costs we incur to secure such insurance for you, not to exceed 20% of the policy premium |
| Termination Payment | The average Royalty Fee payment and/or Minimum Royalty Fee payment paid during the 12-month period preceding termination, multiplied by the lesser of (a) 36 months; or (b) the number of months remaining in the term of the Franchise Agreement |
| Liquidated Damages for Client Poaching | Twice the total revenue you receive from the client that you solicited away from us, our affiliate or our franchisee |
Training Program (Item 11)
| Detail | Information |
|---|---|
| Total Duration | 167 hours |
| Classroom Training | 104 |
| On-the-Job Training | 63 |
| Training Location | Franchisor headquarters (Centennial, Colorado) and/or online |
| Additional Training | Franchisor may periodically require franchisees and their employees to attend retraining or refresher courses at their own expense. Annual franchisee conventions are also mandatory to attend. |
Territory Rights (Item 12)
| Detail | Information |
|---|---|
| Territory Type | Exclusive |
| Exclusive Territory | Yes |
| Territory Size | Up to but not more than 7,000 businesses |
| Description | The territory is identified in the Summary Pages of the Franchise Agreement by geographic boundaries or contiguous zip codes surrounding the SpeedPro Studio, up to a maximum of 7,000 businesses, as solely determined by the franchisor. The franchisor reserves the right to review and modify the territory if the number of businesses exceeds 7,000. |
Renewal, Termination & Transfer (Item 17)
| Detail | Information |
|---|---|
| Initial Term | 10 years |
| Renewal Term | One additional term of ten (10) years each |
| Renewal Fee | $10,000 |
| Renewal Conditions | Written notice of decision to renew 6-12 months prior to expiration, sign then-current franchise agreement, comply with modernization requirements ($5,000-$20,000), not be in default, satisfy all monetary and material obligations, renew lease (if applicable), comply with training requirements, and execute a general release of claims. Renewal fee is waived if conditions are met six months prior to expiration. |
| Transfer Fee | $10,000 |
| Transfer Conditions | Transferee must meet current franchisee requirements, all amounts owed to franchisor/affiliates/suppliers/landlord must be paid, all required reports must be provided, SpeedPro Studio must be upgraded to current standards within 90 days of transfer, guarantors must sign guarantees, a general release of claims must be signed by transferor and owners, transferee must execute then-current franchise agreement, transferee must complete Business Training and SpeedPro equipment training, and financial reports/data must be furnished. |
| Termination for Cause | Franchisor can terminate for various defaults, including material misrepresentation, abandonment, loss of lease, unauthorized use of confidential information, bankruptcy, actions impairing goodwill, felony conviction, intentional understating of Gross Sales (2% or more variance on audit), failure to open studio by required date, unauthorized transfer, or multiple defaults within a 12-month period. |
| Non-Compete Period | During the term of the agreement and for two (2) years after expiration or termination |
| Non-Compete Details | During the term, franchisee (including Control Person, Principal Owners, etc.) may not directly or indirectly own, manage, operate, consult with, or have any interest in any competing printing and related services business. Post-term, this restriction applies for two years at the former SpeedPro Studio premises, within a 50-mile radius of the former studio, or within 50 miles of any other SpeedPro System business. |
Operations & Supply (Items 8 & 15)
| Detail | Information |
|---|---|
| Owner-Operator Required | Yes |
| Participation Details | A qualified 'Control Person' must actively direct the business affairs and oversee day-to-day operations of the SpeedPro Studio, and must satisfactorily complete initial training. The Control Person does not have to be an equity owner but must have authority to sign contracts and provide information to the franchisor. The Control Person or Principal Owner must attend annual meetings, conventions, or conferences at their own expense. |
| Required Suppliers | The franchisor is the sole approved supplier for the start-up package and the Software System. A list of approved manufacturers, suppliers, insurers, and distributors is provided for other inventory products and equipment. |
| Supply Restrictions | Franchisees may be required to buy or lease items from the franchisor or a limited group of designated suppliers, which may be more expensive than similar items from other sources. The franchisor reserves the right to designate a primary or single source of supply for certain products and supplies. |
| Franchisor Revenue from Suppliers | $228,333 (3.8% of total revenues) from vendors or suppliers based on franchisee purchases/leases; $446,528 (7.4% of total revenues) from serving as a supplier for the start-up package, Software System, and Initial Marketing fee in fiscal year 2021. |
Financing (Item 10)
| Detail | Information |
|---|---|
| Financing Available | No |
| Description | No financing offered. |
SpeedPro Studio Franchise Earnings — Item 19
Average Revenue
$1.1M
Median Revenue
$1.0M
Revenue Range
$139K – $1.9M
Sample Size
106 units
Past financial performance does not guarantee future results. Individual results will vary.
SpeedPro Studio Litigation & Risk Flags
1 Pending Action ListedReview the full FDD for details on pending litigation.
Litigation and bankruptcy data is sourced from Items 3 and 4 of the FDD. Always verify current status directly from the most recent FDD.
SpeedPro Studio System Growth
Total Units
121
Franchised
121
Company-Owned
0
SpeedPro Studio currently operates 121 franchised locations and 0 company-owned units. Unit count data is sourced from Item 20 of the FDD.
Unit History (Item 20)
| Year | Opened | Closed | Total |
|---|---|---|---|
| 2019 | 4 | 1 | 133 |
| 2020 | 0 | 7 | 126 |
| 2021 | 0 | 5 | 121 |
Transfers: 20 | Closures: 13
State Registrations
Registered in 11 states: CA, IL, IN, MD, MI, MN, ND, SD, VA, WA, WI
Franchisor Financials (Item 21)
Revenue
$6.1M
Net Income
$131K
Total Assets
$6.4M
Audited by Plante & Moran, PLLC for year ending December 31.
SpeedPro Studio Franchise — FAQ
The total investment to open a SpeedPro Studio franchise ranges from $250,730 to $327,340, per their Franchise Disclosure Document. This includes the initial franchise fee of $49,500. The investment covers build-out, inventory, equipment, signage, working capital, and other startup costs.
SpeedPro Studio charges a royalty fee of Beginning 13th month from Effective Date, the greater of (a) 6% of Gross Sales up to $60,000; and 4% of Gross Sales from $60,001 and above; or (b) the Minimum Royalty Fee of gross sales, plus a Up to 2% of monthly Gross Sales contribution to the marketing/advertising fund. These fees are paid on an ongoing basis.
You can download the SpeedPro Studio Franchise Disclosure Document free on this page. The FDD is a public document filed with state franchise registries. Always also request the current FDD directly from SpeedPro Studio to ensure you have the most up-to-date version.
According to the Item 19 financial performance representation in their FDD, SpeedPro Studio franchise owners report average revenue of $1.1M and median revenue of $1.0M. This is based on a sample of 106 units. Past performance does not guarantee future results.
SpeedPro Studio has been franchising since 2014. The FDD shows an investment range of $250,730-$327,340, a Beginning 13th month from Effective Date, the greater of (a) 6% of Gross Sales up to $60,000; and 4% of Gross Sales from $60,001 and above; or (b) the Minimum Royalty Fee royalty, and includes an Item 19 earnings disclosure. There are 1 pending litigation action(s). Review the full FDD and contact current franchisees listed in Item 20 before making any investment decision.
The franchise fee is $49,500 and the total investment ranges from $250,730 to $327,340 depending on location size and market. Contact the franchisor directly for current net worth and liquid capital requirements, territory availability, and application details.
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Data Source & Disclaimer: This website is for informational purposes only. It is not an offer to sell or buy a franchise. This profile is based on publicly available FDD data sourced from state franchise registry filings. All information is for research purposes only and does not constitute legal, financial, or investment advice. Data may be outdated or contain errors. Always obtain the current FDD directly from SpeedPro Studio and consult a qualified franchise attorney before making any investment decision. FranchiseOverview.com is operated by Franchising Compliance, LLC and is not affiliated with SpeedPro Studio or any of its subsidiaries. To report an inaccuracy: info@franchiseoverview.com