AlphaGraphics Announces Multi-Unit Enterprise Investment Opportunity For Franchise Development
- Leading Marketing & Print Franchise Signs Four Multi-Unit Agreements -
SALT LAKE CITY, May 8, 2013 /PRNewswire/ — AlphaGraphics, Inc., a global leader in marketing and print communications solutions, announced today the introduction of an innovative enterprise-level franchise option for new and existing franchisees.
Since introducing the enterprise investment opportunity late last year, AlphaGraphics has signed four new multi-unit franchise agreements, bringing the hub and spokes model to Ohio, Tennessee, New Mexico and Texas.
“AlphaGraphics welcomes these new multi-unit franchisees to our growing system, and we look forward to working collaboratively to open the first AG Studio,” said Dave Buzza, vice president of global development. “We’re proud to launch this new investment opportunity, which is designed to provide franchisees an opportunity to purchase rights to a larger territory right at the beginning. These franchisees will own and operate multiple AlphaGraphics centers; one main production center with smaller AG studios (sales offices) in nearby locations designed to drive business to the main hub center. By purchasing the multi-unit package at the beginning, franchisees strategically lock in a larger area at an attractive investment level.”
The AG Studio concept allows franchisees to invest in one AlphaGraphics production center and build out an additional one or two satellite centers in surrounding territories. These satellite offices will feed the main AlphaGraphics production center, maximizing production capacity in a shorter time frame. The franchise fee for the main center is $59,000, and each additional AG Studio franchise fee is $10,000 – an attractive option to buying individual centers multiple times at $59,000 a center plus equipment fees.
The initial signings included Steve Morse, who will open a three-office AG Studio in Cincinnati, Ohio. In addition, Bob Rehley is signed to open three offices in Nashville, Tenn. Also, Lisa Brenner and Ken Adams plan to each open a two-office AG Studio model in Albuquerque, N.M., and Dallas, Texas, respectively.
“AlphaGraphics has experienced strong initial interest in this new development model as it caters to forward looking, executive level prospects that are strategically seeking to own a specific market and develop a strong business enterprise,” said Buzza. “With four signings already, the AG Studio concept is proving to be a catalyst for the brand’s record signings this year.”
AlphaGraphics was founded in Tucson, Arizona in 1970. In 1979, the company began franchising its unique business model, which offers a comprehensive suite of marketing and print solutions for B2B customers. Today, there are nearly 300 franchises across 30 states.
AlphaGraphics is looking for franchisee candidates who have the desire to own their own business, with the structure, training and extensive support offered by the AlphaGraphics system. Qualified candidates should have sales or marketing experience, but do not necessarily need to have a printing background. They also should possess a minimum net worth of $500,000 and liquid assets of at least $150,000. AlphaGraphics franchisees can expect their ultimate investment to range from approximately $350,000 to $400,000, including the franchisee fee.
AlphaGraphics, Inc. plans, produces and manages visual communications for a wide variety of clients at nearly 300 franchise business centers worldwide. Headquartered in Salt Lake City, Utah and founded in 1970, the AlphaGraphics network continues to be at the forefront of the printing franchise industry and today offers customers the full complement of services ranging from web design, mobile and email marketing to branding, graphic design and color printing. Backed by state-of-the-art technology, the world’s highest quality standards and a global network, the company’s trained and experienced team members are committed to delivering creative solutions that enable customers to increase their reach. For more, visit www.alphagraphics.com.
SOURCE AlphaGraphics, Inc.