Franchise Partners Find Synergy With Historic 13-Unit Deal Through United Franchise Group
Tim Larkins and Stephen Hyde grow the Experimac® and Signarama® brands in Texas and Louisiana
WEST PALM BEACH, Fla. - Nov. 20, 2017 // PRNewswire // - When it comes to having faith in a company, franchise owners Tim Larkins and Stephen Hyde have it in spades for United Franchise Group (UFG), a South Florida-based franchisor that boasts a variety of internationally-recognized brands. Larkins and Hyde recently purchased 13 franchise units, six Experimac® and seven Signarama®, which will grow the brands in the Texas and Louisiana markets. The two partners, who have worked together for over 10 years, have proven that they are a good match and are poised to expand the two companies.
"We've had many franchisees purchase multiple locations over the years and we've seen a few of them sell a successful business in one of our brands only to turn around and start fresh with another, but this is historic– business partners purchasing 13 locations across two brands," said Ray Titus, CEO and Founder of United Franchise Group. "We're very excited to have Tim and Stephen as part of our UFG family, and we look forward to working together and seeing their businesses thrive."
Larkins will oversee the Experimac brand. The company specializes in selling certified pre-owned Apple® products and offering repair services for these devices. Hyde will manage the Signarama locations. Signarama is the world's largest sign franchise and offers a broad range of services from business signs to wrapped vehicles and more. Three of the locations will serve as satellites and the others will be production hubs.
"As we were looking for a good business opportunity, we noticed a need in the community for the types of services offered by Experimac," said Larkins. "The high-quality products offered through the brand and the ability to offer them at a lower price point is what really drew us in. These aspects will allow us to serve a need and take care of our community."
Based on market need, Larkins and Hyde plan on building locations that are within shared buildings or in close proximity to one another. This will allow them to align local marketing strategies and assist each other with business growth plans.
Currently, South Shreveport and Bossier City Experimac and Signarama locations are now open. These will be followed with openings in North Shreveport, Bossier City and Alexandria, LA as well as Longview, Texarkana and Tyler, TX.
Signarama®, the world's largest sign franchise, offers branding and messaging solutions in addition to comprehensive sign and graphic services to consumers and commercial customers – from business signs, vehicle wraps, and digital signs, to advertising and marketing services. Signarama is part of a successful system of business-to-business franchise brands and development services under the United Franchise Group (UFG). As part of the $49-billion-plus worldwide sign market, Signarama® has been at the forefront of the sign industry for more than two decades. Signarama was ranked Number 35 on Entrepreneur Magazine's Top Global Franchises list in 2016. With over 800 locations in 60 countries, the company expects to have more than 1,500 locations worldwide by the end of 2020. For more information, visit www.SignaramaFranchise.com.
Experimac® is a unique franchising concept that specializes in the sale of certified pre-owned Apple® products. Your Local Experimac can also repair, upgrade or buy your current device, and no appointment is ever necessary. Experimac offers certified pre-owned electronics with a full one year warranty, which takes the risk out of buying pre-owned. Experimac was founded by Jim Muir in 2009, and began franchising as one of United Franchise Group's family of brands in 2014. Today there are more than 100 locations across the US, and Experimac stores can be found in Australia, Mexico, Chile, South Africa, France, Switzerland and Ireland. The brand has seen tremendous growth with no sign of slowing down. For more information visit www.ExperimacFranchise.com.
About United Franchise Group
Led by CEO Ray Titus, United Franchise Group is home to a variety of internationally recognized brands including Signarama, Fully Promoted, Experimac, Jon Smith Subs, Venture X, SuperGreen Solutions, Transworld Business Advisors and Paramount Tax. With over three decades in the franchising industry and more than 1400 franchisees throughout the world, United Franchise Group offers unprecedented leadership and solid business opportunities for entrepreneurs.
SOURCE United Franchise Group