Before getting into the printing and sign business, smart franchisees often ask a lot of questions. We want to make it as easy as possible to find answers to those questions. Here are a few of the most frequently asked questions about getting into the sign industry, franchising, and becoming part of the Signarama team:
Why should I franchise a sign location instead of starting my own business?
A franchise can provide you with a solid business model that has been proven to work. You don’t have to come up with the hiring requirements, training process, sales protocol, or any of the other details that it takes to launch and run a business.
How much does it cost to open a sign franchise location?
This depends on many factors including the franchise fees for the company, the costs to secure the location, and legal requirements for the area. Signarama’s franchise fee is $64,500 with the total investment coming in around $200,000.
How much money can I expect to make running a sign franchise?
How much a sign franchise location makes can vary widely, but Signarama franchise locations in Australia that have been open for a minimum of one year with an outside salesperson average $930,331 in gross annual sales.
How do I know which franchise is the best in the business?
Many reputable magazines rank franchises every year and publish a list that can help franchisee candidates determine the best franchise based on factors like financial strength and stability, growth rate, startup costs, and number of years the company has been in business. Signarama was ranked #1 sign franchise on Entrepreneur’s Franchise 500 ranking for 2015.
Can I obtain financing to help me start a sign franchise?
Signarama’s business model has been put through the test and as a result the ANZ have placed us on their ‘Accredited Franchise’ list. This means that they will fund up to 50% against the business.
How do I keep up with the latest sign trends if I open a sign franchise location?
Signarama has a dedicated R&D department where we are constantly testing new products and machinery in the signage industry. As we are the world leader in signage, many vendors and suppliers come to us first with their latest products and technology to take to the market.
Do I have to be a printing, sign, or design expert to get started?
Absolutely not. Signarama provides comprehensive training so that franchisees are not required to have any prior experience in printing, design, or sign sales. In fact, our best franchisees have all come from completely unrelated backgrounds (e.g. air traffic control, engineering, project management, food).