Coming off a strong 2010 by increasing average unit volumes by $50,000 and opening 20 new centers, along with more than 30 new centers slated to open in 2011, FASTSIGNS International, Inc. has rolled out a series of programs and incentives designed to help new centers hit the ground running.
Complete with pre-opening support across training, operations and marketing, new center owners can also take advantage of reduced royalties during their first year of operation. After experiencing average center sales of $601,891 in 2010, more than a nine percent increase from 2009, FASTSIGNS developed these programs and incentives to continue to build on its growth momentum, including recently signed deals in Pittsburgh, Baltimore, Long Island, NY, and Lewiston, ID, along with international expansion in Saudi Arabia and the Grand Cayman Islands, among other areas.
"Ramp-up time is a key issue every business owner of any kind faces in today's economy. Good companies and franchisors recognize this and take proactive steps to help new owners see an even earlier return on their investment by achieving break-even sales quicker," said Catherine Monson, CEO of FASTSIGNS. "These new programs are designed to do just that – help any franchisee opening a new center. By providing them with an even wider range of pre-opening and opening support, we are providing them with more time and energy to focus on sales-building activities that will help drive their bottom line."
Additionally, FASTSIGNS has reduced investment costs and the start-up funds needed by as much as 15 percent by negotiating quantity volume deals with suppliers of equipment and materials. This, along with having recently secured $4 million in financing for franchisees opening new centers, continues to make FASTSIGNS an attractive franchise model for those looking to own their own business and become part of the number one concept in the sign industry for 2011, according to Entrepreneur Magazine.