With over 170 locations across the U.S., there aren’t many American metropolitan areas remaining where Signal 88 Security has not established itself as a leader in the security segment. One of those areas is Salt Lake City, and the security concept is preparing to cross that city off the list.
Signal 88 Security, which was founded in 2003 and began franchising in 2008, offers a robust catalog of industry-leading security services for residential, commercial, retail and institutional customers. And because the brand is dedicated to the belief that safety is a basic human right, they are pursuing aggressive growth strategies.
Unlike other franchises that may only require business acumen and an entrepreneurial spirit, Signal 88 looks for security experience in their franchisees. Over 70 percent of the brand’s franchisees have a military or police background.
“Signal 88 Security’s franchise system is comprised of people who are used to holding the safety of others as a top priority,” said Reed Nyffeler, Signal 88’s chief executive officer. “These franchisees have helped to create a strong and unique network of Signal 88 ambassadors—one that’s driven to provide safety to their local communities.”
With a strong community of veterans, Salt Lake City is well suited to accommodate Signal 88’s newest presence.
“Each of our franchise locations has the advantage of having a local owner running them, and they’re all 100 percent invested in the community they serve,” Nyffeler said. “Given the city’s large population of military veterans, we believe we’ll find those same passionate owners that have long made Signal 88’s growing system great.”
The unique economic makeup of Salt Lake City poses a number of diverse security concerns, making it particularly amenable to Signal 88’s services. Salt Lake City has an unusually even mix of blue- and white-collar jobs for a city of its size, the result of which is a wide range in the size and purpose of commercial and residential spaces. All of those spaces have unique security concerns that require the customized support that only private security firms have the resources to provide.
“Our model allows us to craft security strategies for any institution,” said Signal 88 Security chief development officer, Kevin Jones. “Our service is a uniquely advantageous proposition for a city like Salt Lake, which has such a diverse economic makeup.”
The city’s crime statistics point to an urgent need for more security solutions. Salt Lake City has one of the highest crime rates of any city of any size in the country, with a property-crime rate more than triple the national median.
Signal 88 Security is eager to have a hand in lowering those numbers and is currently seeking out qualified franchisees in the Salt Lake City market.
“We know there’s a need for us, and we know there are capable security professionals who can apply our system,” said Jones. “We’re excited to get started in Salt Lake City.”
Startup costs to open a Signal 88 Security location range from $75,000 to $300,000. To learn more, click here.