SpeedPro Imaging Franchise Costs, Fees & FDD

Year Business Began: 2004

Franchising Since: 2005

Headquarters: Centennial, Colorado

Estimated Number of Units: 165

Franchise Description: The franchisor is SP Franchising LLC. The franchisor has two parents: Fairfield SPF, Inc. and SP IP LLC. SpeedPro studios sell premium, large format printing and related services, including removal, installation, consulting, site evaluation, graphic design, finishing production services and technology driven smart signage, interior and exterior digital displays to primarily commercial business clients.
Training Overview: The initial training program must be attended by an owner who is also the control person, or the control person and an owner (if the control person is not an owner of the franchise). The initial training program is held at the franchisor’s headquarters (currently located in Centennial, Colorado) and/or another location designated by the franchisor. The franchisor may, at times, offer the initial training program and other training programs virtually, where the curriculum is taught via distance learning. The program consists of approximately 137 hours of training. The franchisor periodically may require that previously trained franchisees attend and participate in retraining or refresher courses. In addition, franchisees are required to attend the annual franchisee convention.

Territory Granted: When franchisees sign the Franchise Agreement, the franchisor will identify an area within which franchisees will be permitted to operate their studio. Franchisees must locate the studio within the territory. The territory shall include at least 7,000 businesses but generally no more than 8,500 businesses. The scope of the territory will be determined by the franchisor in its sole discretion. The territory will typically be identified in the summary pages of the Franchise Agreement in terms of geographic boundaries. During the term of the Franchise Agreement, the territory will be exclusive to the extent that the franchisor will neither locate nor grant others the right to establish another SpeedPro Imaging studio in the territory. However, franchisees may face competition from other channels of distribution or competitive brands that the franchisor controls, and it and its affiliates reserve all other rights not specifically granted to franchisees under the Franchise Agreement.

Obligations and Restrictions: Franchisees may be an individual, corporation, partnership or other form of legal entity. Franchisees must have a control person, who is an individual with authority to actively direct the business affairs of the studio, is responsible for overseeing the general management of the day-to-day operations of the studio and has authority to sign on the franchisee’s behalf all contracts and commercial documents. Franchisees are obligated to continuously promote and enhance the studio, including performing sales and marketing activities. Franchisees may offer and sell only those products and services that the franchisor authorizes for sale and those products and services not prohibited from sale by the terms of the lease of the premises upon which the studio is located. In addition, the studio may not be used for any purpose other than as allowed by the Franchise Agreement.

Term of Agreement and Renewal: The length of the initial franchise term is 10 years. Franchisees have the option to renew for one additional term of 10 years. Subsequent renewals are to be negotiated in good faith with the franchisor.

Financial Assistance: The franchisor does not offer direct or indirect financing. The franchisor does not guarantee a franchisee’s note, lease or obligation. The franchisor offers a reduced non-refundable initial franchise fee to veterans of the U.S. Armed Forces and National Guard and to first responders for their first franchise.

Estimated Initial Investment

Name of Fee	Low	High
Initial Franchisee Fee	$24,750	$49,500
Start-Up Fee	$124,775	$124,775
Initial Marketing Fee	$10,000	$10,000
Leasehold Improvements	$3,500	$35,000
Furniture & Fixtures	$3,175	$6,371
Rent and Security Deposit	$7,500	$24,500
Training Travel Expenses	$4,160	$6,240
Business Permits and Licenses	$250	$1,600
Business Insurance Premiums (one year)	$1,000	$2,000
Utility Deposits	$250	$1,200
Professional Fees	$1,500	$5,000
Working Capital (3 months)	$54,000	$84,000
ESTIMATED TOTAL	$234,860	$350,186

 
Other Fees

Type of Fee	Amount
Royalty Fee	Beginning the 13th month from the effective date of Franchise Agreement, the greater of (a) 6% of the first $60,000 in gross sales earned each month; and 4% of any gross sales earned that month in excess of $60,000; or (b) the minimum royalty fee.
Marketing Fund Fee	Up to 2% of monthly gross sales.
Technology Monthly Fee	Currently $350 per month.
Annual Franchisee Convention (if held)	The convention fee is currently $275 but may be increased at any time up to $550. Franchisees will also pay their travel, lodging, and expenses to attend.
Renewal Fee	$10,000
Transfer Fee	$10,000
Business Training Fee	$2,500
Live In-Studio Production Training	$2,500
Insurance Premium Charge	The cost of the insurance premium for the required insurance.
Insurance Admin Fee	The franchisor may require franchisees to obtain the required insurance from its designated suppliers. If the franchisor requires this, and collects the premium on behalf of a designated supplier, it may charge franchisees an insurance admin fee. The franchisor does not currently charge this fee.
Additional and Advanced Training, Conferences, and Seminars	Costs for instructors, materials, training aids, and expenses.
Improvements, Updates, and Upgrades	Cost of improvements, updates, and upgrades.
Modifications to Marks	Varies.
Site Selection	The franchisor’s expenses.
Indemnification	Amount of liability, costs, and expenses.
Relocation Costs	Costs and expenses of relocation.
Insurance Service Charge	The full cost of insurance, plus all costs the franchisor incurs to secure such insurance for franchisees, not to exceed 20% of the policy premium.
Alternative Products or Supplier Testing Costs	An amount equal to the franchisor’s costs for reviewing the franchisee’s proposed alternative products including any proposed changes in, or deviations from, approved products or suppliers.
Late Fee	$100 unless the franchisee has been delinquent in submitting a report, or payment 3 or more times in the previous 12-month period, in which case the late fee is $200, subject to applicable law.
Interest	18% or maximum rate permitted by law, whichever is less, on all amounts not paid when due.
Audit and Inspection Related Expenses	Audit-related costs and expenses if an audit reveals an understatement of gross sales of 2% or greater. Then current mystery shopper expenses if used and if issues are identified. Current mystery shopper expenses are $200 per visit.
Termination Payment	See FDD.
Liquidated Damages for Client Poaching	Twice the total revenue franchisees receive from the client that they solicited away from the franchisor, its affiliate or its franchisee.

The above information has been compiled from the FDD of SpeedPro Imaging. Year of FDD: 2025.
Franchise Direct's Disclaimer