Propelled Brands says FASTSIGNS on track to add 20 franchises this year

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Propelled Brands, the parent company of FASTSIGNS, SIGNWAVE, NerdsToGo, and MY SALON Suite announced the company ended the first half of 2023 with more than 40 new deals signed across its combined network. Propelled Brands is privately held.

“Propelled Brands kicked off 2023 following our most successful year to date, and now just halfway into the year, we’re on track to break records once again,” said Mark Jameson, chief development officer at Propelled Brands. “Our tremendous growth this year underscores the strength of our portfolio of brands. With proven concepts and options for a variety of business models from semi-absentee ownership to conversions, I look forward to seeing how FASTSIGNS, NerdsToGo, and MY SALON Suite continue to grow throughout the rest of the year.”

Highlights of the first two quarters of 2023 include the following from across the three brands:

  • 42 new franchisee signings, including 25 for MY SALON Suite alone, and FASTSIGNS on track for 20+ signings;
  • 36 new store openings;
  • Continued growth for NerdsToGo with a B2B focus and recurring revenue model;
  • Continued growth for My Salon Suite for both corporate and franchise locations.

Last year, the company said FASTSIGNS surpassed the $700 million in network sales for the first time in company history, and awarded 20 franchises to expand into markets across the country.

Building on its growing momentum, Propelled Brands has its sights set on awarding at least 20 more franchise agreements across its roster by the end of this year.