|
Below is an in-depth analysis and side-by-side comparison of Rapid Refill Ink vs Cartridge Depot including start-up costs and fees, business experience requirements, training & support and financing options.
Start-Up Costs and Fees |
||
Investment | $66,000 - $219,000 | $78,334 - $191,265 |
Franchise Fee | $30,000 | $29,000 - $74,000 |
Royalty Fee | 6% | $250-$1000/month |
Advertising Fee | - | - |
Year Founded | 2002 | 2004 |
Year Franchised | 2004 | 2004 |
Term Of Agreement | 10 years | 10 years |
Term Of Agreement | 10 years | 10 years |
Renewal Fee | $7.5K | - |
Business Experience Requirements |
||
Experience | - | - |
Financing Options |
||
In-House/3rd Party | In-House/3rd Party | |
Franchise Fees | No/No | Yes/No |
Start-up Costs | No/No | No/No |
Equipment | No/No | No/No |
Inventory | No/No | No/No |
Receivables | No/No | No/No |
Payroll | No/No | No/No |
Training & Support |
||
Training | - | - |
Support | Meetings, Toll-free phone line, Grand opening, Internet, Field operations/evaluations | - |
Marketing | Co-op advertising | - |
Operations |
85% of all franchisees own more than one unit
Absentee ownership of franchise is allowed. (90% of current franchisees are owner/operators) | - |
Expansion Plans |
||
US Expansion | - | - |
Canada Expansion | No | No |
International Expansion | Yes | No |
The leader in low cost inkjet and laser toner cartridges. Fully automated remanufacturing production site with a retail storefront environment. RAPID REFILL INK has a diversified approach to the market and product offering. With the sales strategy and marketing message we have created, we fully anticipate the ability to enter into any market region and quickly gain substantial market share. Our stores offer printer cartridges for an average savings of 50% over OEM!
Ken Blum and Nick Sheehan opened the first Cartridge Depot in 2004, a retail ink store in Boca Raton, Florida, but soon realized that selling ink in a retail setting was not a profitable business model. So instead they began going directly to businesses to offer their ink and toner refilling services. After refining their business model, they sold the Boca Raton location to a franchisee and moved their company's headquarters to Owings Mills, Maryland. Cartridge Depot franchisees inspect cartridges, vacuum out old ink and toner, and refill them in order to save business owners' printing costs.