The listing of global franchise chain Fastsigns International in today’s Insolvency Notices does not mean the 650 store company – which has Signwave as its master franchisor in Australia – is insolvent, says Signwave managing director Linda Sultmann.
She says, “This was a technical procedure used to wind up the Australian company they used to manage. It was just a winding up process. There is no debt and no insolvency. They used this method because that is the way the accountant advised them. This has nothing to do with us.”
“Both Signwave in Australia and Fastsigns around the world are profitable growing businesses and in strong financially stable positions.”
[Related: Signwave on track for record breaking results]
In fact Signwave increased sales by 10 per cent across its Australian centres in 2016. The 10 per cent growth follows a 3.6 per cent upswing in 2015 and 13.3 per cent in 2014, the year when the Aussie trio Dean Rowland, Leo Baker and Linda Sultmann. took over the master franchise license from Fastsigns in the US. Baker's share has since been bought by Sultmann and Rowland.
Sultmann is now looking for independent signs shops to convert to the Signwave brand which currently numbers 15 centres across the country.
“Co-brand with signwave to get the benefits and the strength of the brand which can aid your company’s growth,” she says.
Signwave will be at PacPrint this year.
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