April 17, 2020
Last week the Cartridge World franchise came in at #90 in Entrepreneur’s 2020 Franchise 500 ranking of the top franchises that can be started for less than $50,000 (€46,113). Taking to social media, Cartridge World CEO, said “We are honoured, but more honoured to serve businesses and home offices as an essential service provider during these challenging times.”
Cartridge World started out as the Australian Cartridge Co. in 1997 and changed to Cartridge World in 1999. Entering the US market in 2003, Cartridge World was nominated as the top franchiser in the United States for three years in a row: 2007, 2008, and 2009 and worldwide had nearly 1700 stores in 2010.
Today the company is headquartered in Illinois the company has been actively transitioning the franchise away from in house store filling to offering a strong brand of printing consumables and printer packages targeted at small business and domestic users. At the end of 2019 there were 558 stores, 245 in the USA and 313 worldwide.
In recent years the company has been actively transitioning the franchise away from in house store filling to offering a strong brand of printing consumables and printer packages targeted at small business and domestic users.
In January this year Blackford Capital announced an investment in the US business of Cartridge World, purchasing the brand licensing rights covering the United States territory.
The Cartridge World regional segment acquired in this transaction oversees a network of master franchisees in the US territory, which Blackford stated, provides it with a significant opportunity to enhance its US-based supply chain and distribution relationships. Blackford said it intends to help franchisees grow their respective businesses by capitalising on certain business model changes and taking advantage of key industry trends, such as bundling hardware and supplies, establishing longer-term contracts with customers, and focusing on the small and home office markets.
Speaking at the time of the transaction Martin Stein, Founder and Managing Director of Blackford Capital said “The company has settled into a highly profitable niche segment of the market, and Cartridge World’s wealth of resources and ability to profitably service home, small, mid-size and enterprise without the dependency of expensive hardware, will undoubtedly serve as a catalyst for industry disruption. We see opportunities to leverage these scalable strengths while continuing to grow the business and are confident in Mark’s ability as a seasoned industry veteran to execute on this vision for the brand.”
Categories : Around the Industry