FASTSIGNS Inks Franchise Business Development Deal
Leading visual communications, sign and graphics franchise business FASTSIGNS International, Inc. has just signed a Master Franchise Agreement with Famalco Group for 16 new locations across Greece, Italy and Malta over the next several years. This has been a prime year of franchise opportunities for the franchise, with 25 new centers opened across the US, England and Canada to date and the signing of 26 additional agreements to develop conversion, new and co-branded stores worldwide.
Brand EVP of Franchise Support and Development Mark Jameson noted that the company has been enjoying a strong growth year and that they are excited to keep the momentum going by expanding the brand footprint in key overseas markets. The EVP credited the company's business model and the success of existing franchisees for the rapid expansion over the last year, and he also added that the vast knowledge and experience the Famalco Group is bringing to the table will make them valuable partners for the expansion in Europe.
Established in 1994, the Famalco Group has a diverse portfolios of brands, including real estate, retail, hospitality, marketing, communications, energy and more. Their decision to partner with FASTSIGNS for expansion across Greece, Italty and Malta speaks to the strength of this visual and sign brand. Famalco Group Business Development Director Hermann Mallia said that FASTSIGNS was an obvious choice for reinforcing the group's communication holdings, in part due to its wealth of knowledge of the industry.
Franchise opportunities are available
This signage and communication brand, which ranked first in the Business Services/Signs category by Entrepreneur for 2017, is currently looking to continue expansion in the US and elsewhere. Those who qualify will have a net worth of at least $250,000, with $80,000 or more liquid and a good credit rating. The franchise fee is $47,500 and the initial investment ranges from $182,329 and $267,520.
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