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Broker Name:Ronald Cervelli
Broker Email:contactus@regalconsultants.com
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Franchise Cartridge Co. Nets $200k
(Retail )
Passaic County , NJ
Listed Price: $ 300,000
Listing ID: RETL342

Listing DetailsGross Revenue: $ 683,951
Cash Flow: $ 200,000
FFE: $ 135,000 (Included in Price)
Inventory: $ 10,000
Franchise Info: This business is an established franchise
Reason for Sale:

The partnership is separating after many years in this service industry.


Training & Support:

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.


OperationsYear Established: 2009
Days & Hours of Operation: Mon.-Sat. 10am-6pm
Non-owner Payroll: $ 4,000
Employees: 3
Absentee Owner: No
LocationLease Expire: 0000-00-00
Lease Security: 8000
Monthly Rent: $ 3,911
Square Footage: 1250
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 number of daily shoppers and workers. The business is located in a highly populated city of New Jersey near to numerous state highway.


SummaryBusiness Description:

National Cartridge Franchise Business opportunity for this retailer with a 2017 dependable gross income of $683,951 and a consistent yearly net income of $200,000 based on an onsite / owner operator and prior to debt service. The company launched this franchise organization 20 years 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 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 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. 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, cost of square feet is $37.55 and rent security $8,000. 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 is active six days weekly (Monday thru Saturday) hours from 10:00 am to 6:00 pm. The business has been valued at $300,000 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 $150,000 down payment, collateral and credit rating. Transfer fee of $10,000. This is a dependable business opportunity and based on the asking price, required down payment of approximately $150,000 this business expects to supply a 50% investment return, the first year, to the owner operator, prior to debt service. 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.


Competition:

The competitors consist of the national box stores that offer some related 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.


Potential Growth:

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/Terms:

Available with a down payment of $150,000.