Minuteman Press Franchise Cost & Fees
Date of Incorporation: 1973
Franchising Since: 1975
Headquarters: Farmingdale, New York
Business Description: Minuteman Press centers offer all aspects of printing and marketing related services including digital printing, design, finishing, mailing, advertising specialty items, and related marketing services. The general market includes businesses as well the general public.
Franchise Offer: Franchises are offered to qualified persons for the right to own and operate a Minuteman Press or International Minute Press full service printing center using the trademarks and business system of the franchisor.
Financial Assistance: Minuteman, through its division, ML Leasing, may make available to qualified franchisees, a four- or five-year lease for a reconditioned equipment package (if available). Except as noted, Minuteman does not offer direct or indirect financing of the initial investment, equipment, or the continuing operation of the franchise. Minuteman does not guarantee the franchisee’s note, lease or any other obligation to third parties. Franchisees may be eligible for expedited and streamlined SBA loan processing through the SBA's Franchise Registry Program.
Training and Assistance: Minuteman provides franchisees with a training program for 10 days over two weeks at the Minuteman Press Training Center. Minuteman shall pay the cost of training, transportation and lodging for one owner during the training period. Minuteman provides training for additional employees of the franchisee. Franchisees will, however, be responsible for all transportation, food, lodging and other expenses incurred by the additional trainees. Franchisees may thereafter receive, at their own expense, additional training or have an immediate family member receive training.
Territory: Franchisees will not receive an exclusive territory. Franchisees may face competition from other franchisees, from outlets that owned by Minuteman, or from other channels of distribution or competitive brands that controlled by Minuteman.
Term of Agreement and Renewal: The length of the franchise term is 35 years with an option to renew for an additional 35 years, if requirements are met.
Obligations and Restrictions: The franchisee, or fully trained manager if the franchisee is a corporation, partnership, or other business entity, must devote full-time and best efforts to the management and operation of the center. The center must at all times be under the direct on premises supervision of a manager who has attended the training program. Minuteman does not restrict the types of goods and services that franchisees may offer, but requires franchisees offer and sell only goods and services that have been approved.
Estimated Number of Units: 935
|Name of Fee||Low||High|
|Initial Franchise Fee||$21,000||$45,000|
|Real Estate Security Deposit||$1,000||$5,000|
|Equipment Package Deposit (if leased)||$4,135||$4,135|
|Equipment Package (Reconditioned) (if available)||$1,000||$1,800|
|Insurance - 6 months||$750||$2,000|
|Additional Funds (0-6 months)||$30,000||$45,000|
|Approximate Total (if equipment is leased)||$62,207||$117,957|
|Approximate Total (if equipment is purchased outright)||$106,115||$165,865|
|Type of Fee||Amount|
|Royalty||6% of total gross revenue, subject to the Royalty Incentive Program.|
|Software||$6,995 and $285 (plus applicable sales tax).|
|Audit||Cost of audit will vary.|
|Additional Training||Hotel, food and airfare.|
|Transfer/Training Fee||The greater of $21,000 or the then current fee.|
The above information has been taken from the FDD of Minuteman Press. Year of FDD: 2016
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