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Entrepreneur: Start & Grow Your Business

Island Ink-Jet Systems Inc.

Inkjet cartridge refilling, replacements & sales

Background

Founded: 1995 Franchising since: 2000
244 4th St.
Courtenay, British columbia V9N 1G6
Phone:
(877)446-5538


Franchisor is a privately-held company with 70 employee(s); 14 employee(s) in franchise department.

Franchise Growth
Year U.S. Franchises Canadian Franchises Foreign Franchises Company Owned
2006 94 149 6 5
2005 80 142 6 6

Where Seeking Franchisees
In the U.S. Alaska, Alabama, Arkansas, Arizona, California, Colorado, Connecticut, Delaware, Florida, Georgia, Iowa, Idaho, Indiana, Kansas, Kentucky, Louisiana, Massachusetts, Maryland, Maine, Michigan, Minnesota, Missouri, Mississippi, Montana, Nebraska, North carolina, North dakota, New hampshire, New jersey, New mexico, Nevada, New york, Ohio, Oklahoma, Pennsylvania, Rhode island, South carolina, Tennessee, Texas, United states, Utah, Virginia, Vermont, Washington, West virginia, Wyoming

Exclusive territories available.

Costs and Fees

Total investment: $85.9K-172.4K
Franchise fee: $29K
Ongoing royalty fee: 6%
Term of agreement: 10 years, renewable
Express/kiosk option available

Type of Financing Available
In-House Third Party
Franchise Fee No No
Startup Costs No No
Equipment No No
Inventory No No
Accounts Receivable No No
Payroll No No

Qualifications
Net worth requirement: $150K
Cash liquidity requirement: $150K
Business Experience:
  • General business experience
  • Marketing skills
  • Outgoing personality

Operations
  • 10% of all franchisees own more than one unit
  • Number of employees needed to run franchised unit: 2
  • Absentee ownership of franchise is allowed. (75% of current franchisees are owner/operators)

Training and Support

Training
  • Available at headquarters: 2-3 weeks

Ongoing Support
  • Meetings
  • Toll-free phone line
  • Internet
  • Field operations/evaluations

Marketing Support
  • Co-op advertising
  • Ad slicks
  • Regional advertising

Other marketing support
  • $15K for grand opening marketing

Rankings

Franchise 500® rank:
#158 (2007); #401 (2006); #387 (2005);

Ranked #1 in category in:
2005;

Fastest-Growing Franchises:
#56 (2006); #60 (2005);

Top New Ranking:
#31 (2005);

America's Top Global Franchises:
#110 (2007); #197 (2005);