If you’re looking to invest in a business, then you should strongly consider a franchise investment. Franchises, especially low investment franchises like Signarama, are typically a less risky investment than startup businesses. If the thought of owning a low investment franchise like Signarama has piqued your interest, then check out the following five benefits of opening a Signarama franchise:
1. Financing Is Easy to Obtain
First, you’ll know exactly how much you need to invest in a Signarama franchise to get started. To open a Signarama franchise, you’ll need a total of $185,000 to $195,000, which includes the franchise fee, the liquid capital requirement, the net worth required, and the royalty fee.
This cost isn’t very high, which is why Signarama is considered a low investment franchise. Because the cost is relatively low and Signarama is an established franchise, obtaining a small business loan from a lender shouldn’t be difficult—especially if you have a good credit history. If you can’t obtain financing through a bank, you can apply for financing through one of Signarama’s partners.
2. Signarama Is a Growing, Established Brand
One of the biggest difficulties facing new businesses is establishing their brand and creating brand exposure. Signarama is already established, which means it has an existing customer base. Signarama is the biggest sign business in the world and was named the number-one sign franchise in 2014 by Entrepreneur magazine. At the moment, there are more than 900 Signarama stores throughout the world.
3. You’ll Have a Proven Business Model in Place
There’s a lot of trial and error involved in running a startup—and an error could cause the business to fail. You’ll have to create a business model from scratch, and there’s no certainty that it will be effective. With a franchise like Signarama, there’s a proven business model in place. By following that business model, you greatly reduce the risk of failure.
4. You Don’t Need Specific Experience
You don’t need a business degree to invest in a franchise like Signarama. Starting your own business from scratch can be nearly impossible without some kind of business background, whether through education or experience. But that’s not required for a franchise investment. In fact, you won’t even need to know anything about signs.
Signarama will teach you everything you need to know to run a Signarama franchise. It offers a comprehensive five-week training process that includes two weeks of training at the Center for Entrepreneurial Excellence, one week of on-the-job training at an established Signarama franchise, and two weeks of technical marketing training at your new store.
5. You’ll Have Continuous Support
Signarama provides its franchisees with strong support to ensure that they hit the ground running and continue to grow in the years to come. In addition to providing comprehensive training, Signarama will help you select a location for your franchise, negotiate the lease on your location, design the store layout, staff your store, train your employees, provide public relations assistance, and much more.
This kind of support does not exist for the typical startup. It can only be found with an established franchise like Signarama.
These are five of the benefits of investing in a Signarama franchise. For more information on how you can buy into a low investment franchise, be sure to contact us at Signarama today.