Franchising Since: 1968
Headquarters: Mission Viejo, California
Estimated Number of Units: 130
Franchise Description: Sir Speedy, Inc. is the franchisor. The franchisee will own and operate a Sir Speedy center offering marketing, sign, and printing services. A Sir Speedy center is a full-service business communication, data management and marketing services provider. Centers produce products and services, including graphic design, color and black and white printing, bindery, digital services, mailing services, marketing services, ad specialties and promotional products, posters, banners and signs, and provides other related products and services requested by a customer. Digitally based products and services are required. Jobs come to a Sir Speedy center on digital media, through the internet, and in conceptual or hard copy form. The services are media independent.
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Territory Granted: The franchisor will grant franchisees a protected territory where it will not establish another Sir Speedy franchise or a company-owned Sir Speedy center. The size of the territory varies according to the number of businesses in the area and will be at least one-half mile radius. Franchisees have no minimum sales quota to maintain their territory. There are no circumstances that permit Sir Speedy to modify the territory without the franchisee’s consent. The franchisor may not grant an exclusive territory in dense metropolitan areas and it may grant franchises in numerous locations in these areas beyond an address only.
Obligations and Restrictions: Franchisees must directly supervise and participate in the day-to-day operations of the Sir Speedy center. If franchisees hire a manager, then the manager must sign a written agreement to maintain confidentiality. The manager need not have an equity interest in the franchise. The applicant and their spouse are required to sign the personal guaranty. Franchisees must offer and sell only those goods and services that Sir Speedy has approved. Franchisees may not conduct any business other than that of the Sir Speedy center at the franchised location, except upon the franchisor’s written authorization.
Term of Agreement and Renewal: The length of the initial franchise term is 20 years. If franchisees are in good standing, they can renew for an additional 20-year term.
Financial Assistance: The franchisor does not offer direct or indirect financing to franchisees. The franchisor does not guarantee a franchisee’s note, lease or obligation.
Estimated Initial Investment
Name of Fee | Low | High |
Initial Franchise Fee | $55,000 | $55,000 |
Purchased Equipment (including computer hardware and software) | $64,190 | $64,190 |
Leased Equipment (monthly) | $2,500 | $5,000 |
Leasehold Improvements/Real Estate | $5,000 | $25,000 |
Additional Funds – 20 Months | $125,000 | $150,000 |
ESTIMATED TOTAL (for new franchise) | $251,690 | $299,190 |
Other Fees
Type 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 first 12 months, then 2% of gross sales. |
Additional Training Fee | $2,000 per person. |
Transfer Fee | $10,000 |
Audit | Cost of audit. |
Late Payment Interest | California judgment rate, currently 10%. |
Late Fee | $250 plus interest on the unpaid amount at a rate equal to 1.5% per month or the highest commercial contract interest rate the law allows, whichever is more. |
Failure to Report Sales | $250 per week. |
Insufficient Funds Fee | $250 |
Costs of Collection | The franchisor’s actual costs. |
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