Printing Business - Start Your Own with a Franchise

15/09/2018 17:00 | Become A Franchisee

Printing business

The printing industry is competitive and difficult to crack. However, with the help of a big name franchise, you have a much better chance of starting your own business and succeeding. Here, we take a look at the printing sector as a whole, as well as two of its most reputable franchises.

 

Starting a printing business

Though the world is increasingly digital, theres still plenty of business for printing franchises. The industry is thriving. The UK print industry is the fifth largest producer of printed materials and generates an impressive £14 billion each year. It employs approximately 116,000 people and consists of around 8,400 companies of varying sizes. Several big-name brands are competing for substantial market shares, but the industry is also home to a large number of independents and small-store specialists who are also successful. In regard to franchising, there are two main competitors. These are FASTSIGNS and Minutemen Press, both of which are US imports.

Print business cards online

If you're considering opening a printing business and are looking to the franchise system for inspiration, there are a few things you need to be aware of. First and foremost, it's vital that you go with a franchisor who's able to provide ample support and guide you through the early stages of your business ownership. Without the help of an experienced franchisor, you may struggle to gain a foothold in the market.

Second, franchisees should be looking for a franchisor with a clear plan for the future and an understanding of where their business and industry is heading. This is particularly important in the printing industry, where digital technologies could have a significant impact on the future of the company.

FASTSIGNS

If you need a sign, banner, or graphic printed and installed to advertise your business, FASTSIGNS are the people to go to. Established in Dallas, Texas, in 1985, the company initially offered visual communication products to local customers. However, the founders soon realised that there was a considerable demand for both their product and business model and decided to franchise their business. Growth was rapid, and in 1992, the firm set up its first shop in the UK. The franchise now boasts 21 franchise units in the country and is keen to add to this figure.

To become a FASTSIGNS franchisee, a minimum investment of £28,000 is required. However, further investment and substantial working capital will also be necessary to ensure the success of the business. Financing options are available, and the franchise has fostered strong relationships with several high street banks, ensuring all suitable candidates will be able to borrow if necessary.

In return for your investment, youll be granted the rights to operate under the FASTSIGNS name and utilise its brand image and trademarks. No previous experience in a printing business is necessary, as all franchisees are provided with sufficient training to see them through the initial set up period. This includes marketing, sales, and technical training, as well as instruction on how to operate the franchise's digital systems and implement its business model. All franchisees are gifted an exclusive territory, and the franchisor will assist in selecting a suitable business property.

FASTSIGNS are looking for individuals with excellent communication skills, the ability to manage a team, and a firm understanding of business fundamentals. The franchisor has a great deal of experience training new franchisees in the art of signage, and practical skills can be taught quickly and easily.

Minuteman Press

Minuteman is one of the most recognisable printing and marketing brands in the world. Originally from the US, the business was founded in 1973 by a father-son business duo from New York State. Initially, it dealt only in quick copies. However, as it began to do more and more work with businesses, the owners realised that there was a serious gap in the market for a one-stop-shop that provided companies with all the marketing and printing services they needed in one place. Too many businesses were suffering because of missed deadlines, sloppy work, and the cost of having to pay a number of different service providers to do a relatively simple job. All the industry needed was a printer that was reliable and offered excellent standards of service. Minutemen was created to do just that.

To become a Minutemen franchisee, you'll need to raise an initial minimum investment of around £20,000. Up to approximately 70% of this amount can be financed via an agreement with one of the major high street lenders. However, in total, franchisees will need around £84,000 of capital to ensure that the business is provided with everything it needs to succeed. This figure includes the property cost and equipment leases, but it is subject to change depending on the size and location of your business premises.

In return for your investment, you'll receive some of the best training in the industry. This includes training in the FLEX business management software that's used to track and control expenditure, marketing, workflow, and pricing, among other things. It also includes the practical skills required to run a printing company, as well as all the business management strategies and other skills it takes to run a successful Minuteman franchise.

The perfect Minuteman franchisee will be someone who is dedicated to growing a business thats defined by its high standards and the quality of both its product and customer care. They will be focused on customer service, have developed strong communication skills, and understand how to motivate and manage a small team. It's also necessary to have a firm grasp of marketing techniques. Finally, all franchisees need to be able to follow the franchisor's business plan to the letter and be comfortable implementing a strict business model.

Conclusion
Both FASTSIGNS and Minutemen are examples of franchises that have adapted well to technological developments and industry change. In part, this is due to their strong business and franchise models. If you're seeking a franchise that's prepared for the future and can provide guidance, support, and assistance, these are the franchises for you.

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