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Franchised Ink and Toner Retailer - Cary
NCListing DetailsOffice ID: REFILL4
Status: ON HOLD
Listing Broker: Jeff Snell, M&AMI, CBI, ABI
Listing Price: $135,000
Gross Revenue: $200,589
Cash Flow: $71,340
12 Month Forecast: $225,000
Inventory: $10,000
Inventory Included: Yes
FF&E: $30,450
FF&E Included: Yes
Real Estate Included: No
Sales Structure: Asset Sale
Seller Financing: Yes
Financing/Terms:
Seller will provide SBA required portion of financing.
Absentee Owner: Yes
Reason for Sale:
Other Interests.
Training:
Seller will provide up to 80 hours of transition support at no additional cost.
OperationsYear Established: 2004
Last Acquired: 2007
Form of Ownership: S Corp
Employees (full-time): 1
Employees (part-time): 2
Managers: 1
Business Hours: 9-6 M-F; 9-2 sat
Summary
Business Description:
This locally owned franchise retailer provides renewable ink and toner products to businesses and consumer end users providing a high quality alternative to expensive OEM replacements. Profit margins are extremely high. Franchise transfer fee of $10,000 and buyer training fees of $8,000 to be paid by buyer if not waived by franchisor. This business is not owned by the same owners as the other ink and toner franchise listed by ENLIGN.
Historical Summary:
This national franchise location was opened in 2004 and was purchased by the current owner in 2007.
Owner Qualifications:
General retail experience.
Potential Growth:
Add part-time sales people with hourly and commission incentives. This business should be owner operated to maximize profitability.
LocationType of Location: Flex – Office
Monthly Rent: $1,643
Square Footage: 1100
Facilities:
1,100 square feet located in a flex office retail.
Franchise Renewal Date: Mar 1, 2024
Franchise Transfer Fee: $10,000
--Paid By: Buyer
Training Fee: $8,000
--Paid By: Buyer
Last Updated: Jun 25, 2017 / 2:32 PM
Financial Information Current as of: Jun 23, 2016 / 1:23 PM
Lender Pre-Approved!
The Bancorp