Top US Sign Franchise Purchases Ownership Rights for Australia
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FASTSIGNS International, Inc., the sign and graphics franchisor of more than 500 FASTSIGNS® centers worldwide, has recently completed the repurchase of the master franchise rights for FASTSIGNS® in Australia, known as SIGNWAVE®. SIGNWAVE first entered the Australian market in the summer of 1992. Currently, there are 18 centers operating throughout the country in New South Wales, Victoria and Queensland. Technological advancements continue to be the main force behind the sales growth of this sign and graphics company; SIGNWAVE® centers collectively reported AU$11m in sales for the year to June 2006.
The master franchise previously operated under the ownership of Stephen and Matthew Penfold. FASTSIGNS International, Inc. will now directly support the Australian franchise in every aspect of the business including operational support, technology, marketing and training. Additionally, the organization will actively seek interested franchise opportunity prospects for SIGNWAVE markets currently available for sale.
According to Kate Groom, the General Manager of SIGNWAVE, “The re-purchase of the SIGNWAVE organization by FASTSIGNS International, Inc. is a positive move for the overall growth of our brand. We will continue to receive unprecedented support from our US-based franchisor while at the same time making the necessary and proper cultural adaptation. Our ultimate goal and focus is fulfilling the sign and digital graphic needs of our clients across the nation.” FASTSIGNS International, Inc. is the worldwide franchisor of FASTSIGNS® centers, which are located in the United States, Canada, Mexico, Brazil, the United Kingdom and Australia (where centers operate under the SIGNWAVE® name). Focusing on the needs of the business community, FASTSIGNS® sign and graphics centers offer a full range of custom sign and graphic products, including large-format, full color graphics; banners; window and vehicle graphics; floor graphics; safety and identification signage; trade show displays and exterior signage. |
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