Signarama produces, fabricates, installs and/or sells:
The total investment necessary to begin operation of a Signarama sign center is from $239,740 to $308,520 if equipment is purchased and from $106,513 to $175,293 if equipment is leased. These amounts include $197,530 that must be paid to the franchisor if equipment is purchased, $49,500 that must be paid to franchisor if equipment is leased, and $0 to $3,500 that must be paid to the franchisor’s affiliate.
Below is a list of the costs that factor in the range of startup costs from $239,740 to $308,520 if equipment is purchased and from $106,513 to $175,293 if equipment is leased.
|Type of Expediture||Amount|
|Initial Franchise Fee||$49,500|
|Travel and Living expenses while at training school||$210-$490|
|Real Estate Service Charge||$0-$3,500|
|Equipment Package initial payments and processing fee||$0-$14,803|
|Local Grand Opening||$1,500-$2,500|
|Additional Funds (0-6 months)||$35,000-$55,000|
|Cost of Goods Sold||2,197,911||3,260,058||3,216,938|
|Bank Service Charges||116,577||152,567||90,994|
|Computer and Software||252,721||152,742||154,285|
|Depreciation and Amortization||228,969||259,999||227,267|
|Dues and Subscriptions||83,274||58,747||47,615|
|Licensing and Registrations||13,823||51,722||53,221|
|Travel and Meals||1,298,859||1,466,991||1,547,825|
|Net Income Before Other Income (Expense)||606,917||815,764||708,258|
|Other Income (Expense)|
|Interest and Dividend Income||57,306||64,289||50,022|
|Gain (Loss) on Foreign Currency Exchange||(11,910)||(65,408)||(58,606)|
|Gain (Loss) on Fixed Asset Disposal||(10,556)||–||–|
|Realized Gain (Loss) on Investments||13,670||75,356||25,570|
|Total Other Income (Expense)||(385,755)||(280,263)||(241,719)|
|Retained Earnings, Beginning||5,355,667||4,935,079||4,468,540|
|Retained Earnings, Ending||5,534,734||5,355,667||4,935,079|
Your competitors include independent sign shops, franchisees of other sign businesses and to a lesser degree, commercial sign shops. The market for signs in the United States is mature with demand increasing for electronic signage incorporating the latest technology.
Signarama began in 1986 by Roy Titus and his son. Now Signarama operates a full-service retail sign center.
While this may be the business for you, make sure to also check out other businesses offered on Vetted Biz and in the industry.
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