|
Below is an in-depth analysis and side-by-side comparison of Signarama vs YESCO including start-up costs and fees, business experience requirements, training & support and financing options.
Start-Up Costs and Fees |
||
Investment | $106,513 - $308,520 | $65,000 - $352,200 |
Franchise Fee | $49,500 | $50,000 |
Royalty Fee | 2%-6% | 6% |
Advertising Fee | 1% | up to 3% |
Year Founded | 1986 | 1920 |
Year Franchised | 1987 | 2011 |
Term Of Agreement | 35 years | - |
Term Of Agreement | 35 years | - |
Renewal Fee | $1.5K | - |
Business Experience Requirements |
||
Experience | - | |
Financing Options |
||
In-House/3rd Party | In-House/3rd Party | |
Franchise Fees | No/No | Yes/- |
Start-up Costs | No/Yes | -/Yes |
Equipment | No/Yes | -/Yes |
Inventory | No/Yes | Yes/Yes |
Receivables | No/No | -/Yes |
Payroll | No/No | -/Yes |
Training & Support |
||
Training | No prior experience needed. The SIGNARAMA training system is one of the most extensive training programs in the franchising industry and backed by 25 years of experience in signs, graphics, and banners. You will be a trained expert in sign-making and business operations and business promotion. Your comprehensive SIGNARAMA training program includes the following: *A 2-week introductory training program at SIGNARAMA University located at corporate headquarters in West Palm Beach, FL. Your travel and lodging expenses are included. You will learn all aspects of your sign business, marketing your products, advertising, scheduling and workflow, bookkeeping, pricing orders, and providing great customer service. You will also learn the practice of making signs, product knowledge, hiring and training your staff. *A 1-week on-the-job (OJT) training session at an established SIGNARAMA store to apply your classroom training and gain hands-on experience. *Additional 2 weeks of training in your store with one of our experienced operations advisors. They are there with you side by side with you during the store setup as well as to implement your marketing plan and grand opening. | On-The-Job Training: 20 hours Classroom Training: 70 hours Additional Training: Ongoing coaching by phone |
Support | The business landscape is constantly changing. We firmly believe that ongoing support from the franchise is necessary to stay competitive and educated in the industry. We offer ongoing training sessions and regional meetings, franchise owner conventions, and Signarama-specific ongoing online educational opportunities to ensure that our franchisees always have access to a wealth of new information. In addition, franchisees will have access to the following support: - Regional support staff - A highly-effective mentor program - Special achievement recognition - Technical assistance and a toll-free 800 number - Discounts through mass purchasing power - Strategic alliances with vendors and suppliers Purchasing Co-ops Newsletter Meetings/Conventions Toll-Free Line Grand Opening Online Support Security/Safety Procedures Field Operations Site Selection Proprietary Software Franchisee Intranet Platform | Purchasing Co-ops Meetings/Conventions Toll-Free Line Grand Opening Online Support Field Operations Proprietary Software Franchisee Intranet Platform |
Marketing | Co-op Advertising Ad Templates National Media Regional Advertising Social media SEO Website development Email marketing | Co-op Advertising Ad Templates National Media Regional Advertising SEO Website development Email marketing |
Operations |
International franchisees required to buy multiple units/master licenses; 5% of all franchisees own more than one unit Number of employees needed to run franchised unit: 2 - 4
Absentee ownership of franchise is NOT allowed. (95% of current franchisees are owner/operators) | Absentee Ownership Allowed Number of Employees Required to Run: 3 |
Expansion Plans |
||
US Expansion | Yes | Yes |
Canada Expansion | No | Yes |
International Expansion | Yes | - |
A YESCO Franchise provides:
- Use of the YESCO brand
- Access to YESCO's purchasing power
- Opportunity to provide service to YESCO regional and national (customers located within your territory)
- Opportunity to service existing YESCO maintenance contracts (within your territory)
- Potential for increased business value
- Use of YESCO's proprietary technology and software solutions
- Sign and lighting patrol application (mobile phone)
- ServizioTM (back office suite)
- Servizio MobileTM (tablet PC)
- Billing and collection
- Lead generation system
- Comprehensive print and online marketing materials
- A complete list of products and services available to your customers
- Ongoing training and support
A YESCO Franchise is an opportunity like no other.