Cartridge Depot Franchise Review
Cartridge Depot is a franchise company that specializes in recycling used ink cartridges.
Cartridge Depot is among the franchise companies that only requires a minimal amount of capital but have huge profitability.
Nature of the Business
The business mainly deals with the remanufacturing and refilling of used ink cartridges and toners. This does not only help other people to save money in buying ink cartridges but also helps the environment as well. According to research, almost one billion ink cartridges are being shipped every year generating sales of almost $60 million. But among this one billion ink cartridges, 70% are just being thrown away when they are already empty where in fact they can still be refilled and used. Refilling empty ink cartridges helps people to save more instead of buying new ink cartridges. The refilled ink cartridges provide almost the same quality of there a brand new one has.
The vision of the company is changing the way people buy ink cartridges and toners for their printers and faxes. Cartridge Depot is committed in becoming one of the industry leaders when it comes to remanufacturing and refilling of empty ink cartridges. Cartridge Depot has one simple goal; that is to provide their customers and franchisees the best quality experience the company has to offer.
Requirements and Qualifications
Cartridge Depot does not require a huge capital. The required net worth is only at $100,000 and liquid capital of only $30,000. Cartridge Depot, as compared to other type of business, does not require a big amount of capital.
Although general business experience is not required, it is recommended to be able to run the business smoothly. General business experience is an advantage when it comes to running the business.
In cases that you do not have the required amount of capital on hand, there are several organizations that can help you. These organizations provide help in funding your business. But be very careful in loaning huge amounts of capital, make sure that you only loan the amount of money required and the amount of money you are sure you can pay. You do not want to end up being in debt early on your business venture.
Training and Support
Because Cartridge Depot wants its franchisees to succeed in their business, it provides them training and seminars. All franchisees will receive a training program at the Cartridge Depot’s facility. Franchisees will also receive assistance on their territory regarding the use of the equipments as well as managing your business and selling the products.
Aside from seminars and trainings, Cartridge Depot also provides an intensive one-on-one training with each franchisee. This differentiates Cartridge Depot among other competing companies in the industry. Also, Cartridge Depot provides its franchisees a continuous support through phone call or email. Cartridge Depot updates its website with training materials to keep its franchisees updated.
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