Carrollton, Texas-based sign shop franchisor FASTSIGNS International Inc. announces the signing of a master franchise agreement that will have it into expanding into Chile.
Under the agreement, Chilean signage company NEOMARK will convert its full-service sign shop in Santiago, that country’s capital, to a FASTSIGNS location and then open five additional shops elsewhere in that city.
In addition, NEOMARK plans to target additional growth in some of Chile’s other largest cities, including Iquique, Antofagasta, ViÃ±a del Mar, ConcepciÃ³n 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,” says Gonzalo Alcayaga Granic, owner of NEOMARK. “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.”
NEOMARK was founded in 2002.
“This is just the beginning of what is planned for FASTSIGNS’ expansion throughout Latin America,” says Mark Jameson, executive vice president of franchise support and development for FASTSIGNS International. “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.”