Prepaid Insurance Premiums; Vehicle & General Liability Insurance
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Before Franchised Business opens

Sir Grout

Table of Content
1. Franchise Snapshot
2. Franchise Overview
3. Performance and Metrics
4. Our take
5. Additional Resources

1. Franchise Snapshot

Why this franchise?
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Franchise Status
Active
Basic Information
Industry
Home & Building Services
Category
Maintenance, Repair, & Restoration
Investment Range
$120,930 - $183,110
Total US Locations
61
Franchise Units
61
Founding Year
2006
Started Offering Franchises
2007
Management Capacity
Owner Operator
Job Count
8
Prior E2 Investors?
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Prior Visa Franchise Clients?
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Royalty Fee
6%
Marketing Fee
N/A
Franchise Fee
$60,000
Headquarters (City, State)
Cleveland, OH
Square Footage
N/A - N/A
Retail Location?
No
Agreement Term Length
10 Years
Video

In these videos you will learn about the company firsthand. And they will also tell you in a short form about the financing of the enterprise.

2. Franchise Overview

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Overview

Signarama was founded in 1986 by Ray and Roy Titus in Farmingdale, New York. Since then, Signarama has been a prominent force in the sign industry, building a reputation for innovation, exemplary support, and high-quality products and services for business owners around the world. Even amidst all of the growth, our franchise locations are not so far removed from our original ideals and principals; we help to reinforce our core concepts and keep all of our stores moving forward

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Management team / founders

Signarama has a world-class team supporting all locations worldwide. Signarama’s success is due to hard work, business savvy, and the dedication of our team members and franchisees. A.J. is the President of Signarama and has a passion for franchising that few share. As President, A.J. spearheads the growth of the brand throughout the United States and around the world, developing ways to help Signarama franchisees to grow their business. A.J holds an International Business degree from Palm Beach Atlantic University (2014), an MBA from the University of Miami (2017) and is a Certified Franchise Executive (CFE). From being a part of multiple boards including the Rinker School of Business Board and the Titus Center for Franchising, A.J. is passionate about driving change in the business world. He supports policies that help small businesses and most importantly, aid the franchise owners of Signarama.

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Focus of owner for daily business operations

As a Signarama owner, the main facets of the business entail: 1. Managing day-to-day sales; 2. Interacting with clients, being the face of the company; 3. Hiring and managing staff; 4. Marketing and advertising locally;

3. Performance & Metrics

Franchisor Fees | Item 6
Franchise Value
Industry Median
All Franchises Median
Royalty Fee
6%
6%
6%
Marketing Fee
Franchise Fee
$60,000
Total Investment Cost | Item 7
Type of Expenditure
Low Amount
High Amount
When due
Initial Franchise Fee
$7,164
$8,996
Upon execution of Franchise Agreement
Right Start Package Fee
$7,164
$8,996
Before Franchised Business opens
Computer System and Website
$7,164
$8,996
Upon signing and as incurred
Computer System and Website
$7,164
$8,996
As incurred
Insurance
$7,164
$8,996
Before Franchised Business opens
Local Advertising
$7,164
$8,996
Monthly
Miscellaneous Opening Costs
$7,164
$8,996
Before Franchised Business opens
Opening Promotional Expenses
$7,164
$8,996
Before Franchised Business opens
Vehicle and Vehicle Wrap
$7,164
$7,164
Before Franchised Business opens
Permits and Licenses
$7,164
$8,996
Before Franchised Business opens
Credit card (Visa & Mastercard) Terminal
$7,164
$8,996
Before Franchised Business opens
High Speed Internet Connection
$7,164
$8,996
Monthly
Business Center Fee
$7,164
$8,996
Monthly
Additional Funds – 3 months
$7,164
$8,996
As incurred
Total estimated initial investment:
$7,164
$8,996
$7,164
$8,996
$7,164
$8,996
$7,164
$8,996
Outlets and Franchisee Information | Item 20
Outlet type
Year
Outlets at the start of the year
Outlets at the end of the year
Net change
2021
40
43
Franchised
2022
43
43
2023
43
61
2021
0
0
Company-Owned
2022
0
0
0
2023
0
0
0
2021
42
43
+1
2022
43
51
+9
2023
51
61
+10
Total Outlets
-
-
-
-
-
-
-
-
Net Unit Growth (Recent year)
Net Unit Growth (Recent year)
Franchise Health Metrics
Franchise Value
Growth Rate
1 year / 3 years
Failure Rate
1 year / 3 years
Franchise for Sale Rate
1 year / 3 years
0
0
0
0
0
0
0
0
Franchise Health Metrics
Franchise Historical Loan Metrics
10 Year Cumulative Charge Offs by $ of Loans
0,00%
10 Year Cumulative Defaults
0,00%
3 Year Predicted Default Rate
8,02%
*Please note the information provided here is sourced from Lumos. We do not guarantee its accuracy or completeness. For verification, please refer to Lumos directly.
Item 19 – Financial Performance Representations
Historical financial performance representations
Franchise Financials
Historical financial performance representations
Litigation & Bankruptcies
% of Franchisees Undergoing Litigation
0
% of Franchisees with Completed Litigation
0
Number of Bankruptcies Disclosed
0
*The litigation information displayed has been reviewed by our Product Development team. Franchises featured on this platform have been thoroughly assessed. However, Visa Franchise strongly recommends consulting with your own legal counsel for further guidance.

4. Our Take

*The litigation information displayed has been reviewed by our Product Development team. Franchises featured on this platform have been thoroughly assessed. However, Visa Franchise strongly recommends consulting with your own legal counsel for further guidance.