With a global market in over 50 countries, Cartridge World specialise in offering low cost printer cartridges to businesses and personal consumers alike.
The Company
Cartridge World is a truly global company with over 1,500 franchisees in 50 countries. Of these 1,500 there 130 franchisees operating in the UK. Cartridge World have been successfully trading for over 20 years so you can be assured that you are buying a franchise of an established company. They have been selling franchises since 1997 with the first UK franchise opening in 2001. To top this off, Cartridge World have won several awards for their franchise setup.
A Little Background
The application for Cartridge World is pretty rigorous and involves a number of meetings, as well as a “discovery day”. If you ultimately are accepted and sign an agreement to become a Cartridge World franchisee, you can move onto the not inconsiderable training that Cartridge World provide. This is an extensive course that runs for 6 weeks. This includes 3 week at their Franchise Support Centre, a week working with another franchisee and 2 weeks with a store opening team.
Investment
Buying a Cartridge World franchise requires an initial fee of £29,950 +VAT. On top of this are costs involved in purchasing the production equipment, shop fittings, stock and a vehicle wrap from Cartridge World. There will be additional costs as well for working capital, legal fees, professional fees etc.
Earning Potential
It is claimed that within the average Cartridge World territory, £4.5 million worth of printer consumables are sold. This represents a huge earnings potential, especially if you are able to get involved with businesses as they make up around 70% of this figure.
Conclusion
Cartridge World is a well-known brand and in purchasing one of their franchises you get that behind you. The start-up costs are rather significant but it is worth mentioning that Cartridge World can help put you in touch with one of the banks that they work with to get you as much as 70% of your franchise costs. The earnings potential for a Cartridge World franchise is significant although I would expect to have to put a lot of work in, especially during the formative months in order to build up a decent customer base.
