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Independent Toner Ink Refill Business
NCListing DetailsOffice ID: CART1
Status: Sold
Listing Broker: Jeff Snell, M&AMI, CBI, ABI
Listing Price: $192,500
Gross Revenue: $467,259
Cash Flow: $122,038
12 Month Forecast: $475,000
Forecasted Cash Flow: $125,000
Inventory: $20,000
Inventory Included: No
FF&E: $51,347
FF&E Included: Yes
Sale Price: $192,500
Real Estate Included: No
Sales Structure: Asset Sale
Seller Financing: Yes
Financing/Terms:
Summary above reflects trailing twelve months recast financials ending 8-31-2015. Seller will not finance at discounted asking price. Inventory is estimated and fluctuates over the course of the year. Normal inventory levels will be included at time of sale. Total Sales reported is for the trailing 12 months ending 8-31-2015.
Reason for Sale:
Other Business Interests and a new baby.
Training:
Seller will provide adequate transition assistance to new owner.
OperationsYear Established: 2007
Last Acquired: 2010
Form of Ownership: C Corp
Employees (full-time): 2
Employees (part-time): 2
Managers: 1
Business Hours: Mon-Fri 9 AM - 8 PM | Sat 10 AM - 6 PM | Sun 1 PM - 5 PM
Summary
Business Description:
Products are a quality alternative to expensive OEM printer toners and cartridges. Customers include corporations, small and medium businesses, schools, hospitals and individuals. Additionally, they provide printer maintenance, cleaning and repair as well as onsite self serve quick copy services. The company can also manage replacement inventory management on the customers premises and recycling of used cartridges. Note that the franchisees have been released from their franchise agreements as of December 2014 and NO LONGER PAY ANY ROYALTIES, AD FEES or TECHNOLOGY FEES. Zero fees paid to anyone - forever. The former franchisees are permitted to continuing using the name and logo - forever (at no cost). The most recent recast profit and loss shows annual owner benefit of over $122,000. The owners of the Raleigh location have had their baby and have told me to SELL THIS BUSINESS. Sellers want to engage with a single buyer prospect immediately at $192,500. This represents only a 1.32x multiple and INCLUDES $20,000+ of inventory and $51,347 of furniture, fixtures and equipment. Preference will be given to buyers with all cash offers not requiring a lender.
Historical Summary:
The business was a part of a national franchise system which has allowed owners to become independent operators.
Owner Qualifications:
No special skills are required to own/operate this business.
Competition:
Competition is comprised of original equipment manufacturers selling expensive branded replacements toner and cartridges, local or online retailers.
Potential Growth:
No territory restrictions exist. Buyer can open new locations, sell locally retail B2C and corporate B2B as well as online.
LocationType of Location: Strip Center
Option: 2 years
Lease Security: $3,000
Monthly Rent: $2,700
Square Footage: 1500
Facilities:
Located in new high traffic shopping plaza with plenty of well lit free public parking.
Last Updated: Sep 19, 2016 / 3:18 PM
Financial Information Current as of: Jul 23, 2013 / 2:17 PM
Lender Pre-Approved!
North State Bank