April 12, 2010 // Franchising.com // CARROLLTON, Texas – Continuing to expand through a combination of new center development and conversions of existing independent sign shops, FASTSIGNS® recently signed its first conversion deal of 2010, a commitment for three new centers in Central Pennsylvania.
The agreement is a significant step towards FASTISGNS' strategic plan to increase overall franchise unit growth and outpace the competition in the more than $12 billion quick-sign industry.
The conversion initiative allows independent owners to partner with the company in reaching their full potential and long-term goals. Already, FASTSIGNS has successfully converted several stores throughout the country, said Mark Jameson, Senior Vice President of Franchise Development for FASTSIGNS, noting the growing interest in graphics businesses looking to become part of one of the most successful franchise systems in the business services category.
As a part of the initiative, FASTSIGNS offers the dominant brand name in the quick sign industry, sophisticated e-commerce capabilities and the latest technology, access to endless marketing resources and benefits that come from networking with the over 530 FASTSIGNS centers nationwide. For a limited time only, FASTSIGNS is also offering reduced franchise fees and other financial incentives to qualified conversion candidates.
"FASTSIGNS is attractive for investors and business enthusiasts because of the proven economic model and stability that the brand retains," Jameson added. "It's imperative that we continue to grow our company with people who are passionate and demonstrate aptitude for the industry – who better than existing sign shop owners?"
Miele Amusements, a national manufacturer of juke box conversion kits, is the latest business to convert its operation to a FASTSIGNS center. Under the terms of the agreement, Miele Amusements will open three centers in the next three years, with the first center expected to open in Williamsport in May. Two additional centers will follow in State College and Selinsgrove.
"As a FASTSIGNS franchisee, we have the benefit of one of the most respected names in the sign business - and in franchising as a whole," said Nicole Soha, co-owner of the new centers. "The conversion has provided us with a strategic partner that shares our vision for continued success and profitability."
FASTSIGNS® sign and graphics centers use innovation and technology to make effective, impactful signs and graphics, and to make the sign buying process fast and simple. Centers provide consulting, file transfer, design, production, delivery and installation for a full range of custom sign and graphic solutions. FASTSIGNS International, Inc. is the worldwide franchisor for the more than 530 FASTSIGNS centers located in the US, Canada, the UK, Brazil, Mexico and Australia (where centers operate under the name SIGNWAVE®).