FASTSIGNS International Inc. of Texas reports surpassing its 600th-franchise-location milestone, which was achieved before the end of 2015. The company states that over the past 12 months it signed more than 50 franchise agreements, opened more than 40 units and reached global revenues of US$400 million – an all-time high for the company.
“Robust franchise expansion will continue in 2016 domestically and in key international markets,” said Catherine Monson, CEO of FASTSIGNS International. “Our company is experiencing a high demand in franchise sales globally due to the rising worldwide need for visual communications and digital signage technology.”
Monson continues to explain FASTSIGNS opened its first centre in Dubai this past June and continues to seek growth opportunities in Central and South America, Southeast Asia, Europe, India, Mexico, the Middle East and the UK. “All told, we expect to open another 60 to 70 locations in 2016, as well as finalizing master franchise agreements in two new countries,” she said.
FASTSIGNS’ Co-Brand program accounted for 20 percent of the franchise agreements signed in 2015, which is described as a significant increase from prior years. Launched in 2012, the FASTSIGNS Co-Brand program – for a down payment of $10,000 – allows independent businesses with print-related services to add the FASTSIGNS brand and solutions, while retaining control of their existing business.
The Franchise Grade Top 500 list ranked FASTSIGNS as the top sign and graphics franchise and No. 19 overall out of 2,387 franchise systems for transparency during the franchise sales process, corporate support, training, revenues and growth. Entrepreneur magazine’s “Franchise 500” list of America’s top franchise opportunities has placed FASTSIGNS in its top 100 for four consecutive years.
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