In addition to strong character traits such as leadership, dedication, and business competence, potential Signarama franchisees will also need to fit the bill financially.
While opening a franchise can be a fantastic investment opportunity, franchisees will need sufficient funding for a successful launch. Below are some of the costs you can expect to invest in order to get your Signarama franchise off the ground.
All franchises have what is called a franchise fee. We have seen some that range from $100,000 even up to $200,000. Ours is $49,500 and with that, you get the right to do business, trademark and logo, and the owner’s manual of operations. With Signarama, you get a whole lot more! The total cost ranges from $180,000-$190,000 with our initial investment being around $50,000-$55,000.
Liquid capital is an asset that is readily convertible. Liquid capital is an important determinant in whether or not the business will be financially stable until it begins to turn a profit. In order to open a Signarama franchise, you must have a minimum of $49,500 in liquid capital.
As a Signarama new franchisee, you can expect an approximate total investment of $185,000 to $195,000. This includes the $49,500 franchise fee. Investment costs include everything you will need to have your store fully operational – including furniture, fixtures, equipment, software, and more!
Signarama Royalty Incentive Program
Every franchise owner pays a monthly fee called a royalty fee. Typically, it is a flat 6%. But at Signarama, it is scaled from 6%, 4%, and 2%.