Seller Financing Available
Gross Revenue: $634,696
* not included in asking price.
National Franchise Cartridge Business
National Franchise Cartridge Business opportunity for this retailer with a dependable gross income of $634,696 and a yearly net income of $148,596. The company launched this franchise organization 20 year ago and presently has retail locations in more than 50 countries, Cartridge World is an industry leader, delivering high-performance printing products that assist their customers, save time, money and quality printing! Cartridge World is the global leader in selling eco-friendly ink and toner printer cartridges and they assist companies and individuals with all of their printing needs and services. The company offers complete printing solutions for businesses and consumers and makes printing easy. Whether you buy ink and toner or printers for your home or business you will find expert advice for all of your printing needs. This includes equipment and supplies for busy families and college students to Fortune 500 clients for printer installation, repair service, printer monitoring and they offer free delivery. They guarantee their services with a 100 percent customer satisfaction guarantee. By choosing Cartridge World ink and toner cartridges, you can save as much as 30 percent over full-priced cartridges and businesses that partner with Cartridge World can save thousands every year. In addition to eco-friendly ink and toner cartridges, they offer bundled printing solutions to meet all of your printing needs and they offer one low, easy monthly payment. Their printing products and services can improve your bottom line by hundreds to thousands of dollars and the company’s software provides worry-free printing by monitoring your printers. They also have an easy order system which allows ordering online and schedule delivery of all your printing supplies. Private company (franchise) which supplies a full assortment of printing cartridges to businesses and the general public. The company has three-part time employees who are unaware of the pending sale and fully expected to remain post-closing and the monthly payroll is approximately $4,000. The sale includes a commercial three-year business lease which is assignable and expires 2019-01-01 plus additional options, with a monthly rent of $3,911 and rent security $8,000. The retail business facility which is 1,250 square feet is located in a highly active commercial mall with a capacity for approximately twenty-five customers. The assets of this business which consists of a turnkey retail operation has an estimated value of approximately $135,000 which includes various printers, shelving, POS & accounting system, tables, computers, software including all the necessary equipment to maintain the day to day business operation and a list of assets will be supplied to purchaser upon request. The business location has substantial private parking at the facility which is part of the commercial lease. The business is active six days weekly (Monday thru Saturday) hours from 10:00 am to 6:00 pm. This business transaction includes the certificate of occupancy from the particular municipality and the required city license to conduct its day to day business. The company obtains national advertising from the franchise and maintains some basic local newspapers ads. The customer base represents the general public and none of the customers represents more than 5% of the business income. This is a dependable business opportunity and based on the asking price, required down payment of approximately $100,000 this business expects to supply a 50% investment return, the first year, to the owner operator, prior to debt service. A snapshot of the firm’s recent revenue history is as follows: 2014 $634,696; 2015 Equal to 2015. The company 2015 net income of $148,596 is based on an onsite / owner operator and prior to debt service. The business has been valued at $350,000 based on a multiple of approximately 2.5 times the net yearly income, plus inventory, along with the value of the specific business assets and seller financing can be considered to a qualified buyer with $100,000 down payment, collateral and credit rating. Transfer fee $10,000. Please do not disturb business, this sale is absolutely confidential, the employees are unaware of the pending sale, all viewings are by appointment only and photo may not represent this particular business.
Inventory: Not included in asking price
Furniture, Fixtures, & Equipment (FF&E): Included in asking price
Facilities: The business facility which consists of 1,250 square feet consist of a modern commercial retail store with an attractive professional appearance. The business is located in a larger commercial mall setting with numerous other retail businesses which attract a substantial amount of daily shoppers and workers. The business is located in a highly populated city of New Jersey near to numerous state highway.
Competition: The competitors consist of the national box stores that offer some similar products, however they do not specialize with a large variety of products choices. Also to the best of our knowledge, no new competitors are expected near to this business and the owners have agreed to supply a non-compete agreement to the purchaser.
Growth & Expansion: The business presently has a very limited marketing budget required to obtain new local customers, the company also has a basic web site which is not optimized and if improved can further develop the business performance.
Financing: Seller financing is available w/ $100k down.
Support & Training: The owners who represent a partnership will remain post-closing in order to supply an appropriate training & transitional period to the new operator, additionally the franchise will supply training.
Reason for Selling: The partnership / sellers is separating after many years in this industry.
Franchise: This business is an established franchise
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