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There’s no doubt that the private security segment of the franchising industry is booming—right now, there are about 8,000 established brands competing for consumers’ business. But despite the industry being crowded, the demand for security franchises on the rise.

In an interview with Franchise Direct, Reed Nyffeler, co-founder and CEO of Signal 88 Security, said that high level of demand is expected to continue rising because people have a strong need to feel safe, especially in society today.

“The industry continues to grow as there are more and more threats to our peace of mind,” said Nyffeler. “Over the last 20 years we have had a series of attacks from international organizations, disturbed individuals and gang violence. Throughout this same time, the police forces have not grown and as a result private security is needed to fill the gap.”

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Cassidy McAloon

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Cassidy McAloon

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Cassie has over five years of digital and traditional media experience. She joined NLA after working as a television news producer in both Milwaukee and Chicago, and now specializes in aligning strategies across the board for her clients, ultimately building buzz and telling compelling stories through content marketing, social media, digital campaigns and traditional PR.

Cassie has a Bachelor of Arts in Broadcast and Electronic Communications from Marquette University. In her spare time, Cassie enjoys traveling and exploring what new cities have to offer in addition to spending time with her friends and family.

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