Sir Speedy
Date of Incorporation: 1968
Franchising Since: 1968
Headquarters: California
Country: U.S.
Description: The franchisee will own and operate a Sir Speedy Center offering printing and marketing services.
Franchise Offer: A Sir Speedy Center is a fast-paced, full-service business communication, data management and marketing services facility. A Center produces products and services, including graphic design, color and black and white printing; bindery, digital services; mailing services ad specialties and promotional product posters, banners and signs; and provides other related products or services requested by a customer.
Financial Assistance: Sir Speedy does not offer direct financing and does not arrange financing from other sources. Sir Speedy does not guarantee the obligations to third parties. Sir Speedy does not have any past or present practice or intent to transfer, assign, discount, or sell to a third party, in whole or in part, any note, contract or other instrument.
Training and Assistance: Sir Speedy will train the franchisee and one other person at the Print Management University currently located at the corporate facility in Mission Viejo, California. This mandatory, comprehensive University currently begins with an orientation on a Sunday evening and runs for 2 weeks. Total University instructional time currently runs for 88.5 hours. The objective of the University is to thoroughly train in four operating systems: production management, marketing and sales management, business and financial management, and employee management. Sir Speedy pays in full training expenses for two people to attend University, including round trip transportation, lodging (one room, double occupancy), and some food (continental breakfast and lunch is provided every day of classroom training).
Territory: The franchisor will grant a protected territory where Sir Speedy will not establish another Sir Speedy Franchise or a company-owned Sir Speedy Center. The size of the protected territory varies according to the number of businesses in the area, and will be at least one-half mile radius.
Term of Agreement and Renewal: Term of the franchise agreement is 20 years. Renewal or extension of the term is for an additional 20-year term.
Obligations and Restrictions: The franchisee must directly supervise and participate in the day-to-day operations of the Sir Speedy Center or the Sir Speedy Center must be directly supervised "on-premises" by a manager who has successfully completed Sir Speedy's initial training. The franchisee must offer and sell only those goods and services that Sir Speedy has approved.
Total Number of Units: 600 units.
Investment Tables:
Initial Investment:
| Name of Fee | Low | High |
|---|---|---|
| Initial Franchise Fee | $21,250 | $21,250 |
| Training & Opening Costs | $30,000 | $30,000 |
| Purchased Equipment | $81,848 | $81,848 |
| Leased Equioment | $2,857 | $2,857 |
| Additional Funds (Working Capital) | $125,000 | $150,000 |
| Total Investment | $257,153 | $285,903 |
Ongoing Fees:
| Name of Fee | Amount |
|---|---|
| Continuing Franchise Fee | 4% of gross sales for first 12 months, then 6% of gross sales. |
| Network Advertising Fee | 1 % of gross sales for 1st 12 months, then 2% of gross sales |
| Extra Person Training Fee | Currently $1,000 per extra person. |
| Transfer Fee | Currently $10,000 for year 2008, subject to change. |
| Audit | Cost of audit |
| Interest | Maximum rate permitted by law |
Date of FDD: 2009
The above information has been taken from the UFOC/FDD and online sources of Sir Speedy.
Franchise Direct's Disclaimer
You may be interested in the following franchises...
SIGNARAMA
Join SIGNARAMA, the largest sign franchisor in the world. We'll show you how to succeed!
Minimum Cash Required: $40,000.
Moving Board
Moving Board's glowing, innovative concept changes the face of billboard advertising. Be a part of it!
Minimum Cash Required: $15,600.
Your Request List