Sir Speedy Franchise Cost & Fees
Date of Incorporation: 1968
Franchising Since: 1968
Headquarters: Mission Viejo, California
Business Description: A Sir Speedy Center is a fast-paced, full-service business communication, data management and marketing services provider. 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. Digitally based products and services are required. Jobs come to us on digital media, through the internet, and in conceptual or hard copy form. The services are media independent.
Franchise Offer: The franchisee will own and operate a Sir Speedy Center offering marketing, sign, and printing services.
Financial Assistance: Neither Sir Speedy nor any Sir Speedy affiliate offers direct or indirect financing to the franchisee. Sir Speedy does not guarantee the franchisee’s note, lease or obligation. Franchisees of the Sir Speedy system are eligible for expedited and streamlined SBA loan processing through the SBA's Franchise Registry Program.
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 two weeks. Total University instructional time currently runs for 78 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. Franchisees leave the University with a customized business plan to implement and follow during the first year of operation. After University the franchisee will receive an additional 11 days of on-site training at his or her Sir Speedy Center where the franchisor will assist him or her in the setup and opening of his or her Center, provide on-site digital production training, and provide hands-on training with outside sales. Sir Speedy will provide the franchisee an opening and training representative to help set up the Center for five days. There are no mandatory, additional training programs or refresher courses.
Territory: The franchisor typically will grant an exclusive 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. Sir Speedy will not grant an exclusive territory in dense metropolitan areas and Sir Speedy may grant franchises in numerous locations in these areas.
Term of Agreement and Renewal: The length of the initial franchise term is 20 years. If the franchisee is in good standing, the franchisee can renew 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.
Estimated Number of Units: 266
|Name of Fee||Low||High|
|Initial Franchise Fee||$0||$25,000|
|Training and Opening Costs||$30,000||$30,000|
|Additional Funds (working capital)||$125,000||$150,000|
|Type of Fee||Amount|
|Continuing Franchise Fee||4% of gross sales for first 12 months, then 6% of gross sales.|
|Network Adverting 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, subject to change.|
|Audit||Cost of audit.|
|Interest||California judgment rate, currently 10%|
The above information has been taken from the FDD of Sir Speedy. Year of FDD: 2016
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