Minuteman Press is a retail franchise network. Their stores provide printing and related business services to companies and the general public across the US, Canada, the UK, Australia and South Africa. They claim to be the #1 ranked printing franchise in Australia.
Launched in 1973 and headquartered in Farmingdale, New York, Minuteman Press has offered franchise opportunities since 1975. Minuteman business centers offer varied printing and marketing services, including digital printing, design, finishing, mailing, advertising specialty items, and marketing communications. More than 50 years after opening, the business is still family owned.
Minuteman Press at a glance:
You can get into a Minuteman Press franchise for as little as $100,000 if you choose to lease your service centre’s equipment, making this opportunity highly affordable. The company says previous experience in the printing or business services industry is not necessary to operate one or more of their franchised stores. However, they do demand that the franchisee is fully involved in the management and development of the business, although you can designate a manager to take the necessary training and take care of the day-to-day operation of the store. This means a Minuteman Press franchise may be suitable for passive investment.
The initial start-up costs for a Minuteman Press franchise vary depending on if you opt to lease your centre’s equipment or buy it outright. If you prefer to lease, costs range from $100,000 to $136,000. If you wish to buy, costs increase to $161,000 to $220,000. Either way you go, the price to become a Minuteman Press franchise ranks as low.
The initial franchise fee ranges from $32,500 to $48,500. There are no fee discounts or other franchise incentives for military veterans.
After opening, you are required to pay an array of ongoing fees and charges. They include:
| Key Costs Guide | Low | High |
|---|---|---|
| Franchise fee | $32,500 | $48,500 |
| Business premises (lease) | $1,000 | $5,000 |
| Lease deposit | $1,000 | $5,000 |
| Equipment deposit if leasing | $7,800 | $7,800 |
| Equipment cost if buying | $90,500 | $90,500 |
| Xerox leased equipment (monthly) | $941 | $941 |
| IT and technology hardware | $0 | $2,000 |
| Software package | $0 | $7,995 |
| Insurance – 6 months | $1,000 | $2,000 |
| Additional costs – 6 months | $30,000 | $45,000 |
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Yes. Average annual gross revenues for a Minuteman Press franchise are $524,000, although the company claims $681,000. A 10% profit margin on the lower revenue figure is $52,000 per year – below the Australian average franchise income, (all Australian franchises) of $60,000 per year. This ranks as low. On the plus side, because of the low start-up cost, even with these modest profits, you could get your initial investment back in less than 2 years, which is excellent.
Low to moderate. The failure rate for a Minuteman Press franchise is 2% in the first year, rising to 6% by year three.
Low start up costs, low to moderate failure rate and fast payback of your investment point towards a solid business opportunity. If you like the idea of helping other businesses to grow and demonstrating your marketing creativity, and you’re looking for reasonable and steady income, a Minuteman Press franchise could be a fit for you.
Franchisees can only operate from a location approved by the company and franchisees do not receive an exclusive territory. Franchisees may face competition from other franchisees, from outlets Minuteman Press owns, or from other channels of distribution or competitive brands that the company controls.
Minuteman Press support for franchisees includes:
It begins with an application. Start the process today.
Starting a new franchise can be an exciting opportunity, but it’s easy to get lost in a maze of business loan applications that can make funding your new printing business like too much hard work. Instead, cut out the hassle and cut to the chase. Swoop has the best lenders for the best franchises across Australia. Just tell us what you need and leave the rest to us. Get started today.
Written by
Chris is a freelance copywriter and content creator. He has been active in the marketing, advertising, and publishing industries for more than twenty-five years. Writing for Barclays Bank, Metro Bank, Wells Fargo, ABN Amro, Quidco, Legal and General, Inshur Zego, AIG, Met Life, State Farm, Direct Line, insurers and pension funds, his words have appeared online and in print to inform, entertain and explain the complex world of consumer and business finance and insurance.
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