Here's a good sign
The most important purpose of a sign is delivering a message. It takes a whole lot more than throwing a bunch of letters on a panel and hoping folks will see it. A completed sign is really a composition. Whether it's any good or not depends on four critical factors: Balance, Rhythm, Oneness, and Harmony.
For balance a good sign must be "pleasing" to the eye. It's weight distribution that's considered first. It's not necessarily done symmetrically; rather, a well-balanced sign composition is optically effective and has a stability of sorts in arrangement of copy in relation to each of other elements. There's a lot which is involved in this judgment for the competent sign writer -- amount of copy, any illustrations or supporting images, letter styles, and certainly what the sign is supposed to do; advertise, sell, welcome, etc. Also, how far will it sign be viewed from and how fast will the viewer be traveling, if at all. When customer brings the sign writer copy that looks like a newspaper ad and doesn't allow any freedom for professional to edit believing every word is essential there is often no hope for achieving a balance in sign's layout.
Rhythm is what many signs lack due sign writer's judgment in selecting too many letter styles in the same work. Aesthetically speaking, most signs look best when only one or two letter fonts are incorporated. Often modest variations of a font can be introduced to reduce rhythm interference when bringing impact and interest; however, too many styles of lettering on one sign visually distressing.
Oneness is when signs that have several groups of copy or messages and the viewer's eye smoothly follows flow of message from the primary message on to secondary and finally onto most subordinate. It can be achieved, or at least enhanced, by dividing three messages and creating emphasis using reverse panels, bolding and other emphasis techniques.
Harmony is nothing more that incorporating the first three elements with discipline -- balance, rhythm and oneness. Without being sensitive to copy grouping, letter styles and things like coloring no layout will be achieved that has harmony. A prefect example of this is in the use of borders. Often borders on signs are completely unnecessary and only serve to distract eye instead of supporting a certain style of letter. This is especially true when the border is excessively strong or of strong color. In case of borderless signs, it's flow of graphics, shapes and lettering styles which provide design and unity, balanced with uninterrupted harmony.