Risk Score
Pending analysis
Investment Range
$77,500 - $299,190
Franchise Fee
$1,000
Total US Locations
124
Business Summary
Sir Speedy, Inc. operates printing, sign, and marketing centers. Sir Speedy Centers provide a wide range of business communication services, including graphic design, color and black and white printing, bindery, digital services, mailing services, marketing services, promotional products, posters, banners, and signs. Sir Speedy Centers cater to businesses of all sizes and the general public, offering digitally based products and services.
Corporate History
Sir Speedy, Inc. was originally incorporated in California on July 9, 1968, and re-incorporated on August 9, 1996. Since 1968, Sir Speedy, Inc. has offered franchises for marketing, sign, and printing centers. Sir Speedy, Inc. is a wholly-owned subsidiary of Franchise Services, Inc. (FSI), which itself is a subsidiary of KOAH, Inc. FSI also owns and provides administrative services for other brands like Summit Marketing Communications, TeamLogic, Inc., Postal Instant Press (PIP), and Signal Graphics, Inc.
Financial Overview
Investment Range
$77,500 - $299,190
Franchise Fee (Low)
$1,000
Franchise Fee (High)
$55,000
Royalty %
6%
Marketing %
2%
Equipment Costs (Low)
$69,190
Equipment Costs (High)
$193,541
Working Capital
$137,500
Audited Financials
Yes
Offers Financing
No
Audit Opinion
Unqualified opinion
Financial Health Notes
Sir Speedy, Inc. reports net income of $3,196,000 in 2024, $3,277,000 in 2023, and $3,322,000 in 2022. The company maintains a healthy cash and cash equivalents balance of $2,552,000 in 2024. The auditors did not identify any conditions that raise substantial doubt about Sir Speedy, Inc.'s ability to continue as a going concern. While a peculiar statement about "qualified audit opinion" appears in the audit's "Basis for Opinion" section, the formal opinion itself is unqualified.
Financing Details
Sir Speedy, Inc. does not offer any direct or indirect financing to its franchisees. Additionally, Sir Speedy, Inc. does not guarantee any notes, leases, or obligations for franchisees. Franchisees are responsible for securing their own financing.
Performance Metrics
Total US Locations
124
Franchised Units
124
Corporate Units
0
Franchising Since
1968
Legal & Compliance Analysis
Recent Litigation
Yes
Bankruptcy
No
Litigation Count
1
Litigation Summary
Sir Speedy, Inc. or its affiliates had one litigation case filed on January 11, 2024. Sir Speedy's affiliate, TeamLogic, Inc., and the California Commissioner of Financial Protection and Innovation entered into a Consent Order. The order stated that TeamLogic, Inc. sold four franchises through brokers without having the required Salesperson disclosures on file, violating California Corporations Code Section 31210. TeamLogic, Inc. agreed to cease such violations and paid an administrative penalty of $8,000 on January 16, 2024. Sir Speedy, Inc. has no other reportable litigation.
Bankruptcy History
Sir Speedy, Inc. has no bankruptcy history to report.
Agreement Terms
Initial Term
20 years
Renewal Term
20 years
Renewal Conditions
To renew, Sir Speedy franchisees must provide at least 6 months advance written notice of their intent to renew before the current term expires. Franchisees must be in good standing, sign the then-current franchise agreement (which may have materially different terms and conditions), and refurbish their Sir Speedy Center if necessary to meet the current appearance, equipment, and safety standards. There is no renewal fee.
Training & Support Program
Franchisor Assistance
Sir Speedy, Inc. provides comprehensive assistance before and after opening. Pre-opening support includes advice on financing, market area review, site selection approval, custom layout design, initial training for two people at their Print Management University in Mission Viejo, California, delivery and installation of purchased equipment and furniture, opening promotional marketing programs, and a loan of confidential Brand Standards and Operations Manuals and Training Manuals. After opening, Sir Speedy, Inc. provides an opening and training representative for 5 days on-site, a 6-month promotional program with telemarketing and direct mail assistance, an experienced digital training consultant for 3 days on-site, an experienced sales trainer for 3 days on outside sales, updates to manuals, and ongoing resources. These ongoing resources include periodic consulting, toll-free customer support, seminars and an annual convention (some with fees), communication, live and online webinar training, advice on industry developments, marketing and advertising materials, and access to their proprietary intranet (BMSS) and customizable local website.
Initial Training Hours
260
Training Location
Corporate facility in Mission Viejo, California, and on-site at the franchisee's Sir Speedy Center
Ongoing Support
Sir Speedy, Inc. provides ongoing support through periodic consulting and assistance from field representatives, toll-free customer support lines, periodic marketing materials and assistance, periodic seminars, webinars, regional meetings, and an annual convention (some with attendance fees). Franchisees also receive monthly communication, advice and information about new developments in the printing and graphic arts industry, and access to an online university of recorded webinars, the proprietary intranet called the Business Management Support System (BMSS), and a customizable local SirSpeedy.com website. Sir Speedy, Inc. also manages a national public relations campaign and offers a Lead Generation Program, Paid Search Marketing, and an Automated Marketing Program for an additional charge.
Franchise Requirements
Ideal Candidate Profile
Sir Speedy, Inc. seeks individuals who are financially qualified and possess strong business acumen to manage their own enterprise. The ideal candidate should have desirable personality traits that align with following the Sir Speedy System and promoting the brand, along with a strong desire for success. Sir Speedy, Inc. also recommends an owner-managed and operated involvement in the business.
Industry Experience Required
No
Management Experience Required
Yes
Sales Experience Required
No
Technical Skills Required
No
Operational Details
Location Type
Commercial
Owner Participation
Hands-On
Territory Type
Protected
Territory Size Requirements
Sir Speedy, Inc. defines its protected territories based on the number of businesses in the area, with a minimum size of a one-half mile radius around the Sir Speedy Center.
Staffing Notes
Sir Speedy, Inc. requires the franchisee to directly supervise and participate in the day-to-day operations of the Sir Speedy Center. If a manager is hired, they must sign a confidentiality agreement. There are no specific restrictions on who can be hired as a manager, except that they cannot work for or own a similar competing business, and they do not need an equity interest in the franchise. Sir Speedy, Inc. strongly recommends that the business be owner-managed and operated.