Leading visual communications, sign and graphics franchise business brand FASTSIGNS International, Inc. just announced a partnership with ApplePie Capital. The move will allow existing and incoming franchisees the ability to access a maximum of $20 million in debt capital to drive US expansion efforts. To date, this brand has opened 35 locations across Canada and the US and has also signed 44 new franchise agreements, with plans to open another 45 centers throughout 2018 now in place.
Brand CEO Catherine Monson spoke about the brand's increasing franchise opportunities, noting that 2017 has been a record year for the company in terms of growth at home and overseas. ApplePie Capital, according to the CEO, is the right partner to help supplement the franchiser's aggressive expansion plans. The $20 million credit line being extended to franchisees will help them remodel current locations, open new stores, help with refinancing and provide funds for acquisitions.
ApplePie Co-Founder and CEO Denise Thomas added that her company is thrilled to add FASTSIGNS to the list of the franchisers the capital group serves. The visual and signs brand, according to Thomas, has the things ApplePie looks for in a franchiser: low closure rates, successful franchisees and strong economics at the unit level.
Coming in at 95 on Entrepreneur's Franchise 500 and at Number 1 for its category in 2017, FASTSIGNS is currently offering franchise opportunities across the country. The franchise fee is $47,500, and the total initial investment ranges from $182,329 to $267,520.