Not Ranked

Initial Investment

LOW: $78,334
HIGH: $191,265

Change in Units

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Promoted Opportunities

Company Profile

Founded

2004

Franchising Since

2004 (12 Years)

Corporate Address

10324 S. Dolfield Rd. Owings Mills, MD 21117

CEO

Ken Blum

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.

Financials

Financial Requirements

Initial Investment

$78,334 - $191,265

Net-worth Requirement

$150,000

Liquid Cash Requirement

$40,000

Ongoing Fees

Initial Franchise Fee

$29,000

Ongoing Royalty Fee

$500/mo.

Ad Royalty Fee

$100/mo.

Financing Options

Cartridge Depot has relationships with third-party sources which offer financing to cover the following: 
franchise fee, startup costs, equipment, inventory

Franchise 500® Rank History

  • 2008 - 483
  • 2011 - 443
  • 2012 - 348

* Not all years were ranked

Units (Locations)

Where Seeking Franchisees:
Franchisor is seeking new franchise units worldwide.

Operations & Franchisor Support

Training Onsite: 1 week

Training at headquarters: 1 week

Ongoing Support
Newsletter
Meetings
Toll-Free Line
Internet

Marketing Support
Ad Slicks

Absentee Ownership Allowed

Number of employees required to run: 2 - 2

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Disclaimer

The Franchise 500 is not intended to endorse, advertise, or recommend any particular franchise. It is solely a research tool you can use to compare franchise operations. Entrepreneur stresses that you should always conduct your own independent investigation before investing money in a franchise.

Updated: November 25th, 2014

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