FASTSIGNS Franchising Information & Startup Cost
FASTSIGNS is considered to be one of the top brands in the sign industry and also the most recognised. What they offer at the company is nothing but top quality signs products that cannot be rivalled by other companies. They have always been the preferred sign company for popular brands and you might want to wonder how much is a FASTSIGNS franchise.
FASTSIGNS specialises in marketing, producing, selling of visual communications signs, which will include both digital and analog signs such as banners, graphics, vehicle wraps, vehicle graphics, compliance signs, ADA signage, digital imagine, dimensional signage, dimensional letters, exhibits and displays, large format printing as well 3D printing and so many other complementary services.
THE FRANCHISE OFFER
When you buy into a FASTSIGNS franchise, you will be offered the opportunity to operate franchise units that focus on marketing and producing graphics and signs as well so many other products that are licensed by the company. You, as the franchisee will carry out your operations strictly as guided by the franchisor, which is the company.
IS FASTSIGNS A FRANCHISE
FASTSIGNS is a franchise and they started selling franchise to the public since 1986 giving them over 30 years of experience based on a workable business and franchise model. They have about 700 franchise locations in different part of the United States.
HOW MUCH DOES A FASTSIGNS FRANCHISE COST?
The cost of a FASTSIGNS franchise is the total expenses that a franchisee will incur in the process of buying into the company’s franchise. The total initial investment needed to establish a franchise unit with the company is within the range of $180,000 and $250,000.
You will also be expected to have a net worth of about $100,000 and then a liquid cash of about $150,000
THE FASTSIGNS FRANCHISE FEE
When you decide to buy into the FASTSIGNS franchise, you will be required to make an initial franchise fee which will grant you the access to the company’s license and the right to operate under the company’s brand names. The FASTSIGNS franchise fee payable to the company is $44,500 and you stand to benefit the following as part of the payment of fee
- You will get the benefit of working with a recognised brand
- You will get access to 4 weeks of initial training
- Access to 1 week of onsite training
- Marketing systems
You will also be expected to make an ongoing royalty of 6% of the franchise unit gross sales on a monthly basis. And also an ad royalty fee of 2%. These fees are however reduced by 50% for the first year of operation to allow the franchise unit recoup their investment in the business.
The company recognises the fact that it is important to recognize client deals. With this in mind, they give every franchisee the opportunity to run their business in an exclusive territory with a minimum of 4,000 clients. Once the agreement is made on the territory for your location, you will be rest assured the FASTSIGNS franchise will not install another franchise unit within your territory.
Before the new franchise unit is launched, the franchise owner and their staff will be expected to attend a compulsory training program. The training will last for a period of 2 weeks classroom session and an additional onsite 5 days training at any designated FASTSIGNS location.
HOW MUCH DOES A FASTSIGNS FRANCHISE MAKE?
The earnings a FASTSIGNS franchise owner will depend on a lot of factors, which will include the location, the time spent on the business, business skills of the franchise owner and also the condition of the market. Detailed information on the amount of money a franchise owner can make can be gotten on the Franchise Disclosure Document.
One of the benefits of buying into the company’s franchise is the fact they are one of the few franchises that offer financing. They have a network of lenders that offer customised loans to their franchisees. More information about this can be gotten from the Development Director to confirm how eligible you are for the lending program.
TERMS OF AGREEMENT
When you buy into FASTSIGNS franchise, you will be offered an initial 20 year term, which upon expiration will be due for renewal for another 20 year period. This is if you are able to meet up with the company’s terms and conditions for term renewal.
WHO QUALIFIES FOR A FASTSIGNS FRANCHISE?
Anybody from any walk of life can qualify for FASTSIGNS franchise opportunity. Although preferences are given to those that already have executive level experience in marketing and sales, technology and general management. These sets of people are considered to be best at managing funds and sealing business deals.
HOW TO OPEN A FASTSIGNS FRANCHISE
If you need more information on how to open a FASTSIGNS franchise, you will need to proceed to the company’s website and submit your application. https://www.fsfastsigns.com/own-a-fastsigns/faqs/
Once your application is received, you will be fed back and if you are considered, a franchise manager will be assigned to you. The job of the manager will be to assist you in setting up your new franchise unit.