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.
An important part of the Signarama investment opportunity is the franchise fee. 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 of 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%.