FASTSIGNS® Franchise Cost & Fees
Date of Incorporation: 1985
Franchising Since: 1986
Headquarters: Carrollton, Texas
Business Description: FASTSIGNS specializes in selling, marketing, producing or installing visual communications including signs (both non-electrical and electrical), graphics, banners, flags, vehicle graphics, vehicle wraps, ADA signage, compliance signs, dimensional letters, dimensional signage, ready-to-apply lettering, exhibits and displays, decals and labels, exhibits, trade show and other displays, digital imaging, printing (including small format, large format, grand format and 3D), advertising and promotional products (including wearables), electronic or digital signage, 2D barcodes, websites (both regular and mobile-optimized), logo/artwork design and illustration, product wraps and other related graphics, marketing services and complementary products and services.
Franchise Offer: FASTSIGNS offers franchises to develop and operate Centers that specialize in producing and marketing signs and graphics and other products as described above under the System. The System includes the right to use various trade names and marks as well as construction and design plans, color schemes, signs and equipment for the Center premises. The System also includes procedures, specifications and formulas for selling, marketing, production and installation of visual communications.
The franchisor may offer the opportunity to establish and operate a single FASTSIGNS Center under a “Franchise Agreement.” The franchisor also offers multi-unit development rights to qualified franchisees, who are granted the right to develop more than 1 FASTSIGNS Center within a defined geographic area according to a development schedule in the Development Agreement, and separate Franchise Agreements for each FASTSIGNS Center established under the Development Agreement. The franchisor may also offer the opportunity to establish a Satellite Centers, which does not have production facilities and signs and graphics are produced at one of your existing full-service Centers or subcontracted out. The Satellite Center is a limited service FASTSIGNS Center designed to provide franchisees an additional location through which to market the FASTSIGNS’ products and services at lower development costs. In addition, the franchisor may offer existing sign businesses the opportunity to convert to the FASTSIGNS System (a Conversion Franchise); or it may offer an existing operating complementary business the opportunity to establish and operate a FASTSIGNS Center (a Co-Brand Center).
Financial Assistance: If franchisees are a Conversion Franchisee or Co-Brand Franchisee and they meet the franchisor’s credit standards and qualify for financing, it may offer them financing for the initial franchise fee necessary to establish a FASTSIGNS Center. FASTSIGNS is registered on the United States Small Business Administration’s (SBA) Franchise Registry. This is a national online listing of franchise systems whose franchisees receive an expedited loan process when applying for SBA financing.
Training and Assistance: Before the Center opening, the franchisee, if the franchisee is an individual, or the Managing Owner, the graphic designer and visual communications specialist (or other designated personnel) must attend and complete the initial training program to the franchisor’s satisfaction. The duration of the training program currently is 2 weeks classroom instruction for up to 9 hours each day, plus 5 days in a FASTSIGNS Center prior to the classroom training. With FASTSIGNS approval, additional personnel may attend the initial training program. The classroom instruction is currently conducted at FASTSIGNS corporate offices in Carrollton, Texas. Franchisees and/or their employees will be required to complete some online training assignments prior to attending the initial training course. FASTSIGNS provided on-site opening training, supervision and assistance to franchisees at a time it determines. The on-site training focuses on the opening, inventory control, management, sign production and marketing strategies and skills. From time-to-time the franchisor will offer additional training programs, seminars and webinars for the franchisee (if the franchisee is an individual), the Managing Owner, the General Manager and other personnel (e.g., vehicle wrap class, sales summit, etc.) and it may charge a fee to defray costs. The franchisee, if the franchisee is an individual, the Managing Owner, or the General Manager must attend the franchise convention once within every three-year period.
Territory: The Franchise Agreement grants the franchisee the right to operate a single Center only at the approved site. Franchisees are assigned a specific geographic area around the Center (the "Territory"). The Territory encompasses an area sufficient to include a Business Count of 4,000 businesses. If the franchisee complies with the Franchise Agreement, FASTSIGNS will not establish or grant others the right to establish a FASTSIGNS Center in the Territory unless there is a significant increase of at least 50% in the Business Count in the Territory.
Term of Agreement and Renewal: The length of the franchise term is 20 years with a renewal term of 20 years, if the franchisee meets the franchisor’s requirements. For Development Agreements, the term continues until completion of the Development Schedule.
Obligations and Restrictions: To ensure the Center operates efficiently, the franchisee must operate the Center at the times and in the manner described in the Manuals. Any Center personnel the franchisee designates must satisfactorily complete the initial training program and must satisfy their educational or business experience criteria as designated at that time; and must otherwise be an individual FASTSIGNS accepts, unless the franchisee is granted a franchise for a Co-Brand Center. The franchisee must refrain from using or permitting the Center premises to be used for any other purpose or activity at any time unless first obtaining written consent.
Estimated Number of Units: 600+
|Investment Range||$151,140 to $293,525|
|Service Fee||3% of Gross Sales the first year. 6% of Gross Sales beginning the second year through the end of the term of the Franchise Agreement.|
The above information has been taken from the FDD of FASTSIGNS. Year of FDD: 2015
Franchise Direct's Disclaimer
You may be interested in the following franchises...