Cartridge World Franchise Startup Information, Locations, Revenue and Profit
Are you searching for information on franchises that offer the best printers and ink and toner cartridges? Cartridge World franchise is the best in this industry.
The Cartridge World franchise’s outstanding brand and world recognition, new sources of income, novelty in mobile printing, and over a thousand franchise location worldwide makes it a perfect opportunity for individuals who want to join the Cartridge World international network.
ABOUT CARTRIDGE WORLD FRANCHISE.
Cartridge World was founded in 1997 (20 years) and has been franchising since then. Its corporate address is 3917 Mercy Dr. McHenry, IL 60050 with Mark Pinner as its CEO. The franchisor offers franchise opportunities worldwide.
The top notch ink and toner printer cartridge and printer company Cartridge World North America Limited Liability Company provides franchise opportunity for individuals and groups interested in selling ink and cartridges for domestic and economic computer printers.
Cartridge word functions in an $80 billion global industry with its target customers being every home and company or enterprise that makes use of printers. Cartridge World franchise provides a dependable high quality product that is exceptionally controlled to affirm that users return over and over again to guarantee the success of franchisees in the business.
Cartridge World franchise also offers connections with third party organizations and companies who would provide assistance in funding the franchise fee, startup costs, equipment, inventory, accounts receivable, payroll. Cartridge World franchisor as a member of the SBA franchise registry making it easier for franchisees to secure loan from SBA financing.
HOW MUCH DOES A CARTRIDGE WORLD FRANCHISE COST?
The cost for a Cartridge World franchise is between the amount of $40,000 – $50,000. This is the cost that will be required from any interested franchisee.
CARTRIDGE WORLD FRANCHISE INITIAL INVESTMENT
The initial amount to be invested by a Cartridge world franchisee is $68,300 – $151,800. This payment would cover the franchise fee alongside other startup costs such as equipment, working capital, business supplies, business license and real estate.
CARTRIDGE WORLD FRANCHISE NET WORTH REQUIREMENT
The least net worth an aspirant must have in order to be authorized to become a Cartridge World franchisee is $75,000 – $150,000. The net worth would be measured in terms of assets owned such as cash, stocks, real estate and retirement accounts. However, liabilities such as debts and mortgages would be subtracted from the assets.
CARTRIDGE WORLD FRANCHISE FEE
The initial franchisee fee is paid once to the Cartridge World franchisor, the fee may vary as a result of some factors such as territorial size, but the fee is mostly a fixed price of $40,000. The initial franchise fee is paid during the signing of the contract to allow franchisees the right to the company’s name, trademark and its business systems.
Cartridge world franchise would require franchisees to pay an ongoing royalty fee of 6% of their gross sales revenue and an advertising royalty fee of 2% for regional advertising.
CARTRIDGE WORLD FRANCHISEES TRAINING AND ASSISTANCE
Franchisees who are interested in opening a Cartridge World unit would be required to undergo training before starting up the company. The franchisor may decide to offer a shortened training program or completely remove the training process for franchisees who have earlier been trained, Cartridge World usually offers onsite training of 48 hours and 47 hours training at the headquarters. The franchisor has the right to end the training program when is content with the training received by the franchisee.
In a situation whereby the unit franchise is to be owned by a group or people or business entity, the appointed individual stated in the franchise agreement must undergo the complete training program and abide by all the procedures and training requirements. The franchisees are directly responsible for their employee training but the franchisor offers occasional mandatory training in respective areas.
CARTRIDGE WORLD FRANCHISE OBLIGATIONS AND RESTRICTIONS.
After completing all the necessary training and meets the required standards of Cartridge World franchise will then be allowed to individually control and manage a unit franchise on a full time base. Franchisees do not necessarily have to manage their unit franchise personally, but must operate in line with the system standards and operate with the standard products and services.
Cartridge World franchise does not offer franchisees and exclusive territory; the franchisor would not permit anyone to start up another unit franchise within the first two years of the franchise Agreement.
CARTRIDGE WORLD FRANCHISE TERMS OF AGREEMENT AND RENEWAL
The Cartridge world franchise agreement usually lasts a period of 10 years after which an option for renewal would be proposed if the franchisee requirements are met.
HOW TO START A CARTRIDGE WORLD FRANCHISE?
Have you carefully studied the Cartridge World franchise opportunity and decided it is right for you? The next step to take is to fill out the form here https://cartridgeworld.franconnect.net/fc/extforms/leadpage.jsp to get you started.