1. Every business needs office supplies to aid in the day-to-day running of the business, though some businesses require more office supplies than others. Businesses, whether they require office supplies in small or bulk quantities, turn to office supplies franchises to meet their needs.
2. The office supplies sector of the business services industry is a retail arm that specializes in the sale of supplies for offices and businesses. These supplies include writing material, stationary, office equipment, office furniture, computers, print and sign services, school supplies, and even office snack and water delivery services.
3. By 2020, the office supply and stationary store sector is projected to be valued at $15,834 billion, according to data compiled by the United States Census Bureau. The total retail sales for the office and school supplies industry in 2016 was valued at $12.1 billion.
4. One factor toward office supply franchise growth can be attributed to online sales. Consumers want convenience, and by having a variety of options available online, office supplies franchises can take advantage of the online shopping trend in addition to offering their best assortment of products in store.
5. Despite being a service for businesses, office supplies franchises see a major uptick in sales during the back-to-school season as children and their parents raid the shelves for school supplies. The NPD Group reports that more than one-third of total industry sales comes from back-to-school shoppers.