Cartridge World Franchise in Ealing West London
Business Type:
FRANCHISE RESALES, Retail businesses, Service Businesses
Intelligent Business Transfer Ltd are pleased to offer to the market this fantastic Cartridge World Refill Franchise which would be an ideal purchase for any serious business person.
Cartridge World are one of the UK’s leading and most successful franchise chains. With over 200 successful business franchises in the UK and over 1,600 franchisees worldwide this is a great opportunity to join a proven and successful business model.
This CW store has built up a good reputation since opening in 2003 and although it has seen a decline in its annual turnover it still achieves a turnover in excess of over £110K per annum. This is still a fantastic opportunity for any potential buyer to purchase and develop.
Since November 2004 the owner has not worked in the business other than overseeing accounts and managing some issues. As the owner has other business interest, he has been unable to dedicate the time required to take this business to its full potential. This CW Franchise is still potentially very profitable.
The business operates on a 74% gross profit, employment costs are high, however if ran as an owner operated business it is expected the business would enjoy a reasonable adjusted net profit.
In such an area with plenty of B2B to target it is expected the business could be grown significantly with a solid marketing campaign directly targeting the B2B market.
By becoming part of CW you will be provided with a comprehensive training scheme and ongoing franchise support.
Cartridge World are the leading provider of low cost, high quality inkjet and laser toner printer cartridges, offering customers huge savings compared to all of the printer manufacturer brands. CW ink and toner cartridges are proven to match the quality and performance of the manufacturer originals, the only difference is the cost is a lot less, making the product so much more appealing and affordable to the customers.
As part of the franchise full training will be provided. The training comprises of three weeks residential at the Harrogate training centre, covering ink filling, laser toner remanufacturing and CW business model and software.
The business is currently ran by management staff and this is an excellent opportunity for a hands-on owner to manage and develop the business, build on the excellent reputation which has been developed over recent years and exploit the hundreds of local businesses in the immediate area.
Cartridge World stores utilises the very latest technology available, employing the FULL Cartridge World production methodology and equipment in support of the manufacturing areas with fully integrated EMS functionality supporting both the front of desk operation and back office function.
As aforementioned the B2B sales have huge potential for growth. The most successful CW stores are very successful within the B2B market. Fantastic revenue streams can be generated from targeting this sector. With the shop being located within such a buoyant catchment area of commercial and industrial business, there is huge B2B market potential to exploit.
The sale price includes the extensive goodwill built up since inception as well as the excellent fittings within the business. Included with the sale of the business are approximately £40,000 worth of assets. A list of the assets are available upon request. There are no assets held on hire purchase or lease agreements.
It is recommended that a new full production model should be put in place and to budget approximately £3K for refurbishment.
CW franchise includes a fully supported CRM (customer relationship management) software system providing effective prospecting and farming of current customers and future prospects. At present there are over 5,000 names on the current database (EPOS system) making this a great opportunity to follow up sales and generate repeat custom.
The current owner has minimal involvement in the business. He recognises that the business has significantly more potential than currently achieved. No time or money has been invested in sales and marketing for 4 years.
The business is uniquely placed with no immediate competition in the area and accordingly this is a great opportunity for any potential buyer. Investment in marketing is essential to maximise the full opportunities that Cartridge World Ealing has to offer.
The business would be ideal for an enthusiastic and driven buyer or partnership to hand on manager the business and take it forward to its true potential.
Viewing is essential.
Offers in the region of £5,000 + SAV
(PLEASE NOTE ADDITIONAL TRAINING FEE & FRANCHISE FEE'S WILL APPLY)
North Yorkshire
£ 750,000
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