CARTRIDGE WORLD Franchise Startup Cost, Profit & Opportunities
Whether you are at the office or in your home, there is a high probability that you have a PC somewhere linked to a printer. This is just the main reason why the market for printers and printing consumables will always be on the increase all around the globe.
Buying into a franchise business that deals in printer consumables is an avenue for you to achieve your dreams and reach your financial goals. One franchise that is highly recommended is Cartridge World.
So how much is a Cartridge World Franchise?
FRANCHISE INFORMATION ABOUT CARTRIDGE WORLD
Cartridge World was founded in the year 1997 in Australia and it is largest dedicated retailer of toner printer cartridges and ink. The company is committed to the provision of great value through their top quality re-manufactured and refilled printer cartridges.
Cartridge World is now a house hold name in different parts of the world and the customers are satisfied with the products and services of the company. And also customers are presented with the opportunity to save tremendously and the environment also benefits as millions of cartridges are refilled and reused every year.
IS CARTIDGE WORLD A FRANCHISE
Since the company is into the manufacturing and refilling of printer cartridges, one might be compelled to ask if Cartridge World is a franchise. yes the company is a franchise and they have been selling franchise opportunities since the year 1997.
WHY SHOULD I BUY A CARTIDGE WORLD FRANCHISE
There are so many advantages and benefits of buying a Cartridge World franchise and these are stated as follows:
- Cartridge World is considered to be the largest and fastest growing cartridge retailer across the world with a larger share of the total sales in the industry.
- The industry is at the moment thriving as more customers and businesses now have information of the many benefits of the services the company offers.
- The investment needed to operate a Cartridge World franchise is minimal
- The company offers great supports for their franchisees, even in the course of running the business.
Franchise opportunities are available for prospective franchisees to open a Cartridge World franchise in their neighborhood.
PRODUCTS AND SERVICES OFFERED BY CARTRIDGE WORLD FRANCHISE
Cartridge World franchise provides the following printing products and service:
- Many brand printers available for office and home use
- Ink and toner printer cartridges
- Sales of envelopes and paper
- Installation of printers
- Servicing and repairs of faulty printers
- Photocopy, scan, fax an printing services
These numerous products offered by Cartridge World is an avenue for the franchisee to earn income from multiple sources. This has made the company’s franchise one of the most accepted among franchise buyers.
HOW MUCH DOES A CARTRIDGE WORLD FRANCHISE COST?
The Cartridge World franchise cost is the aggregate of all the financial requirements to establish a franchise unit. The total investment required for a Cartridge World franchise is between $70,000 to about $150,000. New franchisees with the company will also be expected to have a net-worth requirement of about $75,000 to $150,000 and then a liquid cash requirement of between $40,000 to $50,000.
CARTRIDGE WORLD FRANCHISE FEE
The Cartridge World franchise fee is the payment that the company receives in order for them to grant the franchisee the license to operate with their brand name. The fee is non-refundable and payable before the franchise unit is opened. The initial franchise fee is $50,000 with an additional on-going royalty fee of about 6% of the monthly revenue of the franchise unit. And additional ad royalty fee of 2% is also payable to the company.
DOES CARTRIDGE WORLD FRANCHISE OFFER ANY FORM OF FINANCING?
Cartridge World franchise does not offer funding to their franchisees. However the company has a working relationship with 3rd party institutions that offer financing and franchisees can benefit from this. Once the conditions for loans can be met, financing can be acquired to cover for the following: startup costs, franchise fee, inventory, equipment, accounts and payroll.
Veterans can also benefit from the company’s rebate of 15% of the franchise fee.
TRAINING AND SUPPORT
In addition to the initial training that the company offers to new franchisees, on-going support via regional meetings, conferences, internet technical forum, newsletters and updates will also be offered to the franchisees.
Territorial trainers are also available to give additional coaching, training and business support to the franchisees in the course of running their business.
New franchisees also benefit immensely from the support offered by existing franchisees who are ever ready to share their sales strategies` and other tips and ideas needed to achieve success in the business.
TERMS OF AGREEMENT
The period at which a franchisee will be able to hold the company’s license is 10 years. There is the option to renew this at the expiration of the initial period if requirements for extension are met. Franchisees will get an additional term of 10 years.
HOW TO OPEN A CARTRIDGE WORLD FRANCHISE
Once the franchisee has been able to get all the requirements needed to establish a Cartridge World franchise. The next information needed is how to open a Cartridge World franchise. All that is needed to do is to make an application to the company through their franchise website page. The application will be reviewed and if it is approved, the franchisee will be assigned a franchise manager by the company. The duty of the franchise manager is to assist with the setting up of the franchise unit. This he will achieve with the support of the management team alongside with the franchisee.