FASTSIGNS International, Inc. Signs Master Franchise Agreement to Expand to Chile
Thursday, March 22, 2018
Press release from the issuing company
Chilean Signage Company NEOMARK Will Develop Six FASTSIGNS Centers in Santiago and Is Targeting Additional Growth throughout Chile
Carrollton, Tex. – FASTSIGNS International, Inc., franchisor of FASTSIGNS®, the leading sign, graphics and visual communications franchise, announced today it has signed a Master Franchise Agreement to expand to Chile. NEOMARK, a full-service sign business based in Santiago, Chile, will convert its existing location to FASTSIGNS and open five additional locations throughout Santiago.
“We are thrilled to expand FASTSIGNS International, Inc.’s presence to South America with the signing of a master franchise agreement in Chile,” said Catherine Monson, CEO of FASTSIGNS International, Inc. “NEOMARK has built a strong business and incredible reputation in Santiago and we are excited that the Alcayaga Granic family chose FASTSIGNS to help elevate and grow their company. FASTSIGNS and NEOMARK share many of the same business goals, including providing clients with full-service, impactful visual solutions, and we’re confident they will be successful as they grow the FASTSIGNS brand throughout Chile.”
Founded in 2002, NEOMARK is a family-owned business with over 40 years experience manufacturing signs and graphics. NEOMARK plans to develop its first six centers in Santiago and is targeting additional growth in some of Chile’s largest cities, such as Iquique, Antofagasta, Viña del Mar, Concepción, and Temuco.
“Although we are a family company with many years in the graphics industry, we can always be better. FASTSIGNS showed us that they are able to help us and strengthen our business to take it to the next level, with growth potential even outside our country,” said Gonzalo Alcayaga Granic. “We believe that the mix between the power and experience of the FASTSIGNS brand and the NEOMARK team will be the perfect formula to develop a very successful business in Chile, and perhaps South America.”
“This is just the beginning of what is planned for FASTSIGNS’ expansion throughout Latin America,” said Mark Jameson, EVP of Franchise Support and Development, FASTSIGNS International, Inc. “We’re aggressively targeting franchise development in Mexico and Brazil and are continuing to recruit prospective master franchisees in other countries throughout Central and South America.”
This announcement comes on the heels of a year of exceptional growth for the brand, opening 43 locations in the U.S. and Canada, as well as three in the U.K. throughout 2017. Additionally, last year FASTSIGNS signed a Master Franchise Agreement with the Famalco Group to open 16 new centers throughout Malta, Italy, and Greece. In 2018, FASTSIGNS plans to open an additional 45 centers across the U.S. and is targeting aggressive franchise development in markets such as Greater New York City, Boston, and the Northeast Corridor, and throughout the West Coast including in Southern California and Arizona. Across North America, FASTSIGNS has over 400 markets ready for development. Internationally, FASTSIGNS is continuing to seek qualified candidates to grow its international footprint in target markets throughout the world, including Brazil, Quebec, North Africa, Southeast Asia, India, Europe, and Latin America.
Additionally, FASTSIGNS International, Inc. was ranked the #1 franchise opportunity in its category and 70 overall on Entrepreneur magazine's 2018 Franchise 500®, the world's first, best and most comprehensive franchise ranking. Acknowledged by entrepreneurs and franchisors as a top competitive tool of measurement, the Franchise 500® recognizes FASTSIGNS, the only sign, graphics, and visual communications franchise to be recognized in the top 100, for its exceptional performance in areas including financial strength and stability, growth rate, and brand power.
FASTSIGNS also has been recognized for its franchisee satisfaction by being named a World Class Franchise by the Franchise Research Institute for five consecutive years and has been ranked by Franchise Business Review as one of the “Best of the Best” for franchisee satisfaction for the last 10 years. Additionally, FASTSIGNS also was named to Franchise Business Review’s “Innovative Franchises” list in 2017 and a “Best-in-Category” franchise by Franchise Business Review in 2018. Most recently, FASTSIGNS was named an “Amazing Franchise Opportunity” by internationally recognized franchise speaker and author Dr. John Hayes in his new e-book: "12 Amazing Franchise Opportunities – Second Edition."
For information about the FASTSIGNS franchise opportunity, contact Mark Jameson (email@example.com or 214-346-5679).
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