Investing in and opening a Signarama franchise is one of the best business decisions an aspiring entrepreneur can make. With over 30 years of experience under our belts, we’ve transformed from one small store operated by a father and his son to the World’s Largest Sign Franchise in the world, according to Entrepreneur’s “Franchise 500” rankings.
Needless to say, if you’re looking into becoming a business owner, investing in the thriving sign and printing industry with an industry giant like Signarama is the way to do so.
Opening your own business and becoming your own boss is an exhilarating proposition, especially for first-time business owners. But in the hustle and bustle of realizing that you can not only afford to do this, but making up your mind that you’re going all in on a decision that will change your life, sometimes it’s easy to forget that there are a lot of things you don’t know yet. And while franchising with an industry leader like Signarama is far easier than starting from scratch and going it alone, there’s still a process to becoming a Signarama owner.
So, how exactly do you become a Signarama franchisee? Here’s a look at the process of owning a Signarama franchise and the steps you need to take to invest in this booming franchise industry.
Step 1: Pass a Prerequisite Check
We receive a large number of inquiries into franchise ownership, and both for this reason and to be sure that potential franchisees are able to make an investment, we require a few financial prerequisites.
When you contact us, we’ll likely ask you about these or there will be questions regarding them on a form you fill out.
By reaching out to us or filling out a form, you’re already moving on to Step No. 2 if you qualify.
Step 2: Request More Information
We want you to know the answers to every critical question you have, so at this point, we’re going to send you a copy of the Franchise Disclosure Document (FDD).
Be sure to read and review the entire document carefully, as it’s sort of the insider guide to what a Signarama franchise opportunity looks like.
Step 3: Discovery Day
This is the feeling-out process for both parties and essentially is a laid back job interview. You’ll come to our headquarters to meet everyone at our corporate office face-to-face, as well as some current franchisees. You’ll get a feel for our culture, policies, and more.
Plus, we want to know more about you. What makes you tick, why would you excel at business ownership, and why are you interested in owning a Signarama franchise?
Furthermore, we’re going to give you the foundation of what you need to know during this process, including what to expect from us, what we’re going to expect and need from you, what and when the milestones and deadlines are between now and ownership (if you’re selected), and what it means to be a part of both the Signarama and United Franchise Group families.
Additionally, we’ll review the financial prerequisites and go over everything in detail, including what your investment dollars are going toward, why we have these qualifiers, when you need to have payments ready, and what types of financing is available.
After your Discovery Day, we’ll meet as a team and make a decision on whether we’d like you to continue in the franchising process. If so, we’ll send you the Franchise Agreement.
Step 4: Franchise Agreement
The Franchise Agreement is your contract, which lays out all of the terms, pricing, and other important aspects of this mutual agreement, like your protection of territory, franchise fee, royalties and other fees, training and support, and more.
Carefully review the document, ask any questions you have, and we’ll connect you with other franchisees to give the opportunity to speak with as many of them as possible to get a better feel for what it’s like owning a Signarama franchise location.
Step 5: Financing
You’ll need to have a plan for financing before signing the Franchise Agreement. Chances are that even when you’re financially qualified, you’ll still be in need/in search of financing.
We can help you in this process, and fortunately for you, it’s typically easier to acquire financing when franchising opposed to starting a business on your own.
Step 6: Get Started
Get that Franchise Agreement signed so we can start planning your trip to headquarters for training and show you what the rest of your onboarding schedule will look like! It’s official, you’re part of the Signarama family. The process of owning a Signarama is as simple as that.
To get started, contact us today to speak with a representative!