The first Minuteman Press was founded in 1973 by Roy Titus in Plainview, New York. With his son, Bob Titus, at his side they opened a print center to serve all of the areas businesses. By 1975 they began franchising the concept of a full service print center.
Today, with over 975 locations worldwide, Minuteman Press is recognized as one of the premiere print shop franchises in the world. Minuteman Press is now headquartered in Farmingdale, New York. Minuteman Press provides it’s franchisees with basic marketing, technical, and business support. There are 27 regional offices worldwide to provide support. Owners have the option to buy supplies direct from Minuteman Press or to use any other supplier, a huge advantage in today’s franchise community. The minimum number of employees suggested to run a single franchise is three, including the owner. Over 97% of franchisees are owner/operators.
The total investment amount to start a new Minuteman Franchise is between $120,000-$215,000. The initial franchising fee is $44,500 with a recurring royalty fee of 6% of gross sales. There is no advertising fee as the franchisor assume no responsibility for advertising the individual stores. The term of agreement is currently 35 years.
Have no doubts, opening a print shop is not a easy business. You will be required to continually market, manage employee schedules, maintain quality control, and evaluate costs. But considering the reorder rates, sales volume, and sales margins this may be a business to consider. Even during the current economic crisis, businesses require marketing and promotional materials. A typical franchise will offer business cards, carbonless forms, color copies, labels, graphic design, brochures and many other items.
Minuteman Press offers it’s franchisees financing, site selection research, training, and local support. They have regular local meetings, a national convention, regional marketing, and technical support. While you will not get rich quick with this franchise, it is certainly possible to earn a comfortable living. Just remember, it will require hard work.
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Source by Sasha Nikolauk