View of the buildings and skyline on the campus of Purdue University, West Lafayette, Indiana, with snow and cloudy skies in winter

Why Invest in a Lafayette Franchise?

Signarama is excited to announce that we are opening up a franchise opportunity in Lafayette, Indiana! If you’re looking for an investment in a turnkey business with a proven business model, Signarama is the franchise for you! At Signarama, we only want the best: the best owners, the best products, and the best locations. That’s why we want to have one of our amazing franchises in Lafayette, a city whose outstanding economy and strong local resources make it a dream come true for franchise owners. Keep reading for more details about what Lafayette has to offer your business.

Nationally Ranked Economy

It’s imperative that you research the economy of the place you are thinking about investing in before you make the investment. Never fear, that’s what we are here for! Lafayette’s economy is ranked among the top in the nation. When Forbes examined small cities in the United States to pick which ones are best for business and careers, they ranked Lafayette #2 out of two-hundred cities. Lafayette’s extremely low cost of living, 11% lower than the national average, surely played a part in that ranking. The cost of doing business mirrors the cost of living, as Forbes ranked Lafayette #58 for cost of doing business. A low cost of business is an important factor to consider when you open a franchise in Lafayette.

A major economic powerhouse for Lafayette is Purdue University. Purdue employs over 15,000 people, including faculty, support staff, and student employees. With nearly 40,000 students attending the main campus in Lafayette, the student population is a huge part of the population of the city itself. The best part about this is that, as the owner of a franchise in Lafayette, you will be able to choose from a large labor pool of educated people and hard-working students when it’s time to hire staff and managers.

City Development Projects

One thing Lafayette does exceptionally well is take care of its city. Each year, Lafayette invests millions of dollars into the infrastructure that its citizens use every day, like roads, water systems, bridges, and more. The city of Lafayette is dedicated to keeping the city up to date, safe, and esthetically pleasing to its residents. In addition, in 2015, Lafayette invested in the development of several mixed-use buildings—a trendy and cost-minimizing style of combining office, retail, living, and dining spaces into one convenient building. As a Lafayette franchise owner, you can take comfort in knowing that the city in which your business resides is constantly working to make improvements for its residents and business owners.

So what are you waiting for? Someone at Signarama is ready and willing to help you get started on your dream of owning your own business. When you open a franchise in Lafayette, you will benefit from a supportive city and a strong economy as well as the proven business model of Signarama. If you’re ready to be your own boss, click this LINK to find out the next step in opening your franchise in Lafayette.

Sources

  • http://www.forbes.com/places/in/lafayette/
  • http://www.greaterlafayettecommerce.com/economic-development