Signal 88 Security, the Nation’s Leading Security Franchise, Experiences 19 Percent Year-Over-Year Growth, Ranks No. 89 on Entrepreneur Magazine’s Franchise 500...
As the security industry grows into a $44 billion industry, Signal 88 Security is at the forefront of the boom as the nation’s largest franchised security business. With 368 territories across the U.S. and a presence in six countries, Signal 88 provides a full suite of world-class and industry-leading security services for residential, commercial, retail and institutional customers. At the core of its mission is to provide people around the world with peace of mind.
With 122 Franchisees in its system, Signal 88 Security has set its sights on expanding its family of Franchisees in 2018 with qualified partners. The team is looking to identify 26 new and highly-driven individuals to become Franchise Owners, while planning for nearly 20 of its existing owners to expand with the brand.
“We have been seeing a trend in which our Franchisees are finding success in their territories and then reinvesting to continue growing with us,” said Reed Nyffeler, the CEO and owner of Signal 88 Security. “Our scalable model is attractive to business-minded individuals who have had success and experience in serving their country or communities as veterans or law enforcement, and are now looking for the next step in their careers.”
More than 70 percent of the brand’s franchise system is made up of entrepreneurs who bring with them years of police and military experience. With so many Franchise Owners from similar backgrounds, a naturally strong and supportive network of colleagues and friends has taken root. Franchisees are encouraged to connect with each other to learn best practices, confirming the franchise industry saying that they’re in business for themselves, but not by themselves. The Owner Mentor Group formed in 2017 for Franchisees to discuss ways to improve operations and efficiency, share leads on national accounts, and talk tactics for business success.
With a presence in 34 states, two of the company’s most successful launches from 2017 include new franchise locations in Milwaukee and Rancho Cucamonga, Calif. Building on that momentum, Signal 88 is eyeing development in Madison, Wisc. and Southern California among other key growth markets for 2018, including Greensboro, N.C., Washington, D.C., Jacksonville, Fla., Seattle, Salt Lake City, St. Louis, Fayetteville, N.C., New York City, Chicago and Southern Florida.
Not only did Signal 88 see growth domestically, but the company also experienced impressive international growth last year. As operations across Australia and the United Kingdom increased, international sales resulted at a 192 percent increase in 2017 over international sales from 2016.
“The need for security is a worldwide issue,” Nyffeler said. “I’ve been focusing on finding the right partners to bring our security services to new countries, with a major priority on developing in Europe for 2018.”
As the brand continues to develop across the world, it has also been receiving recognition and awards that further promote Signal 88 as a great investment opportunity.
Entrepreneur Magazine ranked the company first in the Security Franchise category and no. 89 overall as a great franchise opportunity in its annual ranking of the top 500 franchises, released in January 2018. It also made Entrepreneur Magazine’s rankings for the Top 100 Fastest Growing Franchises, landing at no. 28 as one of the top new franchise concepts and no. 21 in the Top Franchises for Veterans rankings. 1851Franchise.com also awarded Signal 88 Security with the best franchise development website judged by franchising experts alongside more than 200 other brand’s websites.
“We’ve hit a stride in which we are experiencing phenomenal growth, and we expect this trend to continue and strengthen this year,” said Nyffeler. “We have seen tremendous momentum both across the U.S. and with our international locations, and we have a system dedicated to helping protect and serve the communities in which they live and work. As we are constantly evolving and elevating our Franchisee support and training, we are emerging even further as a learning available franchise opportunity.”