True sign*a*rama franchise costs:
Please read the following link first.
Http://usacomplaints.com/Franchises/Speedy-Sign-A-Rama-U/sign-a-rama-speedy-sign-a-rama-2a266.htm
You are out of your mind if you sign up with signarama franchise agreement.
Ask your attorney's opinion what is going to happen to you when you want to quit SIGNARAMA franchise.
SIGNARAMA FRANCHISE AGREEMENT is basically designed to RIP OFF all the assets from the existing franchise owners when you decided to sell/close your signarama franchise store (MORRIS STORY is the typical cases). After you closed your store, signarama can purchase your assets for a penny while you are still responsible for paying your property lease and equipment lease. You are going to have HUGE liabilities at the end of the termination of SIGNARAMA FRANCHISE AGREEMENT. Most of the case, you will file the bankruptcy.
On the other hand, SIGNARAMA makes a profit from selling assets purchased for a penny.By turning over the store to the new owner, they will collect 40K franchise fee from the new owner and collect $20K transaction fee from existing owner. Then, the same thing happend to the the new owner and again and again and again. This is the business model of SIGN*A*RAMA FRANCHISE. Do not think that Sign-a-rama franchise business model is Retail Sign Business in the local market. First of all, You can not be profitable if you are paying rent for Retail space, hiring sales person, production person, receptionist, and paying $3000 equipment lease as SIGNARAMA forced you to have. The average monthly sales for New Signarama stores in the urban area for the first 6 months is around $5000 - $8000. $5,000 loss per month by Morris was typical result of new signarama franchise who dose not really know anything about sign business. DO you think that you will be successful in your area? Ready to lose $5000 per month? If you need to support your family, how much extra living costs you need each month? That is why new owner has to close/sell the store in the first 6 months after they lost all the savings.
SIGNARAMA knows that you are not going to be successful from the beg.
SIGNARAMA want you to fail so make money by re-selling existing stores as often as possible.
If you are the new owner of SIGN*A*RAMA just like EL SEGUNDO OWNER who posted the comment here, you will experience the same thing like MORRIS STORY in a few years, maybe less.
What you can do at this moment, DO NOT RENEW YOUR PROPERTY LEASE!
Do not think that you will be successful in the future.
You know the current economy and your capability as a typical vinyl shop (Not full service sign company at all).
You can minimize your damage / future liabilities by closing the store when your property and equipment leases end.
Do not sign any signarama's release form but you should get yours in writing.
If you are interested in sign-a-rama franchise, you are about to make the worst decision in your life.
If you are existing franchise owners, need help.
FILE THE COMPLAINT TO FTC. Share your information with other franchise owners. Contact to attorney such as http://www.marksklein.com/franchise.php (QUIZNOS CLASS ACTION SETTLEMENT)
You may call existing franchise owners what they think about signarama business.
Http://www.signarama.com
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