FASTSIGNS International, Inc., has begun 2016 with another impressive notch added to its belt. The worldwide franchisor for more than 600 FASTSIGNS® sign, graphic and visual communications centers, has been ranked No. 1 on the Franchise Gator Top 100 Franchises of 2016.
Franchise Gator, an online franchise directory, developed the rankings as a way for prospective franchisees to identify opportunities with strong growth potential that are also affordable investments for the average franchise buyer. Statistics to rank the franchises for the current year were based on a formula created from various pieces of the Franchise Disclosure Document that focus on financial stability, growth, transparency, engagement, continuity and sustainability.
“Ranking No. 1 on the Franchise Gator Top 100 list is further validation of the outstanding performance our franchise network achieves, in addition to our strong and viable business model,” FASTSIGNS International, Inc. EVP of Franchise Support and Development Mark Jameson said. “To be recognized again as an economically sound investment reaffirms that our corporate team has implemented the right practices, resulting in success for the entire franchise system.
” In 2015, FASTSIGNS achieved global revenues of $400 million, surpassed its 600-unit milestone, signed more than 50 franchise agreements and opened more than 40 units. Due to the rising worldwide need for visual communications and digital signage technology, the company expects to open another 60 to 70 locations in 2016, as well as finalizing master franchise agreements in two new countries. “
All investors want to minimize their risk, especially when exploring a franchise opportunity. That is the essence of The Franchise Gator Top 100, to identify opportunities that display signs of minimal risk, such as a history of continued growth, franchisee satisfaction, low turnover, and of course strong financials,” stated Eric Bell of Franchise Gator. “FASTSIGNGS displayed all of the characteristics we look for when choosing a top franchise, and we are excited for them to occupy the top spot. We think budding franchisees should be just as excited when exploring the FASTSIGNS franchise opportunity.”