Fastsigns International, franchisor of Fastsigns printing entities, signed 63 franchise agreements in 2016 with new and existing franchisees in the U.S., Canada and U.K. In the company’s most recent third quarter, the brand inked 22 new agreements, including 13 locations in western and midwestern states like California, Texas, Kansas, New Mexico and Washington.
In addition, Fastsigns opened 35 new centres in 2016 in new and existing markets with a projected 45 additional opening in 2017.
Fastsigns International currently more than 650 independently owned and operated locations in nine countries worldwide, including the U.S., Canada, England, Saudi Arabia, UAE, Grand Cayman, Mexico and Australia (where centres operate as Signwave).
The Fastsigns brand also signed a Master Franchise Agreement in the Dominican Republic and U.S. Virgin Islands, adding new countries to Fastsigns’ global footprint.
“2016 was another record year for Fastsigns. Our network generated over $446,000,000 in sales with strong sales growth in all regions and countries. We have the highest franchisee satisfaction ratings in the industry,” said Catherine Monson, President and CEO, Fastsigns International.
Fastsigns International was recently ranked number 1 in the Business Services/Signs category and 95th overall in Entrepreneur magazine’s Franchise 500, a globally recognized comprehensive franchise ranking.
“Growth like this definitely underscores the power of the Fastsigns brand and strength of our business model. We look forward to continuing this rapid expansion as 2017 brings a strong focus on the Northeast corridor, New England, Southern California and beyond, including entering new countries,” said Mark Jameson, EVP of Franchise Support and Development, Fastsigns International, Inc.
In addition to more than 400 U.S. and Canadian markets targeted for development, Fastsigns has more than 65 international locations open for continued expansion.
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