This particular company was established in 1977 retailing printing devices and providing back-up support in the form of consumables, servicing and repairs. Considerable success was experienced and in order to expand and gain a nationwide presence a network of Franchised offices have been established over the years now making the company one of the largest independent distributors of multi-functional printing devices in the UK being authorised dealers for the majority of top brands enabling all types and models of equipment to be sourced. The company has gained international accreditation and a turnover in excess of £23,000,000 is now enjoyed with nearly 50% of this paid back to the Franchise network of just over 30 offices. The company wants to continue with the growth and development of the Franchise network and the opportunity exists for the opening of additional offices across the UK. New Franchisees benefit from not having to 'buy into' the Franchise network nor tie up working capital in the form of stock which is provided by Head Office who believe Franchisees are best using their working capital to develop and grow their business which can lead to them earning in excess of six figure sums.
LOCATIONNew Franchise locations are available throughout the UK. Offices can currently be found in England, Wales and Scotland. A considerable number of prime 'untapped' areas exist within the UK offering exciting prospects to new Franchisees.
BUSINESSEach Franchisee enjoys and trades under the valuable 'Trade Mark' corporate name which at the same time denotes the area they cover. Following comprehensive Head Office training of up to 3 months (if required) coupled with a comprehensive Operations Manual detailing set procedures Franchisees are then responsible for acquiring clients and developing their territory through the two primary income streams - Machine Sales and Service Revenue albeit no specific targets are set with customers ranging from private individuals through to Local Government, with the majority of customers being commercial business.
MACHINE SALESApproximately 3,000 machines are sold throughout the Group each year, trading agreements are held with the majority of the top manufacturers - Sharp, Ricoh, Kyocera and Olivetti to name a few. All machines are bought in by the Franchisor (Head Office) who enjoy excellent trading terms in view of the length of the relationship with the manufacturer, number of machines bought each year and the speed at which it settles its account. These benefits are subsequently passed onto Franchisees enabling them to be highly competitive within the market place, all makes and models of machines can be obtained which Franchisees can draw on from Head Office stocks without having to physically pay for the machine. When a machine is sold payment from the customer is sent to Head Office together with an invoice from the Franchisee amounting to the profit of the machine being the difference between the Head Office 'Base Price' price and the 'Sale Price' to the customer. In the case of Finance Agreements whereby good relationships are held with Leasing Companies leading to high levels of approval the profit element of the deal is paid to Franchisees as soon as payment is received by Head Office from the relevant Leasing Company. Additional income is received from trade in machines once they are re-sold.
SERVICE REVENUEThis comprises copy costs and consumables such as toner which customers pay for depending on the agreement they hold and provides regular monthly income. Following receipt of a customer's monthly meter reading an invoice would be raised and sent to the customer together with a copy to Head Office who in turn send the customer a statement requesting payment. Once statements have been produced Head Office can calculate the amount due to a Franchise after deducting the cost of consumables taken from Head Office. The balance is paid to Franchisees the following month irrespective of whether payment had been received from the customer once again freeing up working capital and ensuring steady cash flow.
PREMISESA requirement of the Franchise is that suitable premises must be held, these can take a variety of forms ranging from a serviced office arrangement with no stock on display through to High Street showroom premises exhibiting a range of machines. The relevant office will look after their own customers, taking telephone calls and managing customer accounts ensuring a personal relationship is maintained.
STAFFThe need for a staff requirement will depend on the number of machines installed within the territory and a full time service engineer would be required.
COMMENTSA quite unique Franchise opportunity offering interested parties the opportunity to develop and grow their own business with the opportunity to earn in excess of a six figure sum whilst benefiting from comprehensive Head Office support it terms of training, ongoing development and finance through the supplying of stock and monthly service revenue. A successful background in the industry is considered essential.
PRICENo Premium is sought for Franchises; new Franchisees will require sufficient working capital to cover initial premises costs and their monthly commitments prior to revenue being received from income streams generated by the new Franchise.
VIEWING STRICTLY BY PRIOR APPOINTMENT THROUGH THE SELLING AGENTS EVERETT MASSON AND FURBY 01603 662662.