Cartridge Depot

At a Glance

Products & Services: Inkjet & laser toner cartridge refills

Number of Locations: 37

Total Investment: $78.3K - $191.3K

Founded: 2004

Began Franchising: 2004

About Cartridge Depot

Ken Blum and Nick Sheehan opened the first Cartridge Depot in 2004, a retail ink store in Boca Raton, Florida, but soon realized that selling ink in a retail setting was not a profitable business model. So instead they began going directly to businesses to offer their ink and toner refilling services. After refining their business model, they sold the Boca Raton location to a franchisee and moved their company's headquarters to Owings Mills, Maryland. Cartridge Depot franchisees inspect cartridges, vacuum out old ink and toner, and refill them in order to save business owners' printing costs.

Franchise Units

Year U.S. Canadian International Company Owned
2011 26 1 9 1
2010 22 1 11 1
Where Seeking Franchisees: Franchisor is seeking new franchise units worldwide.
Direct Capital

Startup Costs, Ongoing Fees and Financing

Total Investment: $78,334 - $191,265
Franchise Fee: $29,000
Ongoing Royalty Fee: $500/mo.
Term of Franchise Agreement: 10 years, renewable
Financial Requirements
Net Worth: $150,000
Liquid Cash Available: $40,000
Operations
Franchise can be run from home. Number of employees needed to run franchised unit: 2 - 2. Absentee ownership of franchise is allowed. (100% of current franchisees are owner/operators).
Direct Capital
Financing Type In-House Third Party
Franchise Fee
Startup Costs
Equipment
Inventory
Accounts Receivable
Payroll

How This Franchise Supports Franchisees

Training: Available at headquarters: 1 week. At franchisee's location: 1 week.
Ongoing Support: Newsletter, Meetings, Toll-free phone line, Internet
Marketing Support: Ad slicks,

Franchise Ranking History

Franchise 500®: #348 (2012), #443 (2011),