5 Franchises You Want to Invest In
Businesses that provide services and products to other businesses, more commonly referred to as b2b services, is another strong industry. Fastsigns , a 27-year-old company making signs, decals, digital prints and other custom solutions for businesses, has been able to adapt its services to a changing market.
The company has 530 locations in the U.S. and abroad.While startup costs for a Fastsigns store that is not converting from another company average around $200,000, the company is doing its part to open up capital access to franchisees. Besides co-sponsoring the International Franchise Association's Small Business Lending Summit (along with other companies) earlier this week, Fastsigns is one of several companies that partnered with The Bancorp (TBBK) and Franchise America Finance to offer an expansion financing program. Under the program, Fastsigns has a $6 million credit facility for startups and expanding franchisees, it says. Fastsigns also rolled out a program to fund the conversion of independent shops to Fastsigns franchises. "We have the highest
Check Out Our Best Services for Investors
- $2.5+ million portfolio
- Large-cap and dividend focus
- Intraday trade alerts from Cramer
Access the tool that DOMINATES the Russell 2000 and the S&P 500.
- Buy, hold, or sell recommendations for over 4,300 stocks
- Unlimited research reports on your favorite stocks
- A custom stock screener
- Model portfolio
- Stocks trading below $10
- Intraday trade alerts