Technology has been a huge benefit for us. How has technology impacted the industry? We are the fastest growing security company because we satisfy both strengths of leveraging a national brand and its tools and reach with the local owner being a highly experienced franchisee. There are about 5-10 security companies that have lots of revenue that we compete with on a “National Brand Level” as a franchisor, and there are roughly 7,500 that are small local shops that we compete with as a “local owner” with the franchisee. We are in the middle-size market, which happens to have the least amount. There are about 8,000 competitors nationwide. Is this a competitive market in terms of the number of competitors? In addition to general industry talk, Reed also tells us more about the Signal 88 franchise opportunity specifically. Founded by law enforcement professionals, Signal 88 has grown to be the largest private security franchise in the nation since its start in 2003. To find out more about this burgeoning franchise industry, we spoke to CEO and Co-founder of Signal 88 Security, Reed Nyffeler. Because of that, security franchises are a stable industry segment, and one that has seen an uptick in demand. Luckily for franchisees, peace of mind doesn’t have an expiration date.
Everyone longs to feel safe and keep the things they acquire secure. The timeline to start up a franchise would be between three and four months.Safety. In 2016, the company had nearly $60 million in revenue, and it plans to increase revenue 30% and add 30 franchises nationwide this year.
Average franchises employ 20 people, and the company’s average territory has 350,000 people. Signal 88 has 120 franchise owners, covering 400 territories in the United States, Australia, Canada and the United Kingdom, and about 80% of its owners have a military or law enforcement background. It’s also looking at locations in Fort Smith and Little Rock. If the company were to establish a location here, it would be the first in Arkansas. In 2003, an Omaha police officer founded Signal 88, which is a status officers declare when a situation is secure or safe. One in five people move from an apartment because they don’t feel safe, said Jones, adding that police sometimes can’t respond to noise complaints but its security personnel can. “One of the reasons we exist is to provide peace of mind.” When personnel arrive they make their presence known and use search lights. “Our bread and butter is multifamily housing units.”įranchises operate with security personnel who conduct random patrols of businesses, such as storage units, and apartments or homes. “We can do any type of security,” Jones said. The company, which offers security guard services for businesses and homes, seeks military veterans and former law enforcement officers to operate its franchises, and based on the size of Northwest Arkansas, the franchise could employ as many as 40 to 60 people, said Kevin Jones, chief development officer for Signal 88. Omaha, Neb.-based security company Signal 88 Security looks to add a franchise in Northwest Arkansas this year.
0 kommentar(er)
