Minuteman Press is a retail franchise network. Their stores provide printing and related business services to companies and the general public across the UK, Canada, Australia and South Africa.Â
Launched in 1973 and headquartered in Farmingdale, New York, Minuteman Press has offered franchise opportunities since 1975. Minuteman business centres 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 £30,000 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 £30,000 to £40,000. If you wish to buy, costs increase to £60,000 to £70,000. Either way you go, the price to become a Minuteman Press franchise ranks as low.
The initial franchise fee ranges from £30,000 to £40,000. 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 | £30,000 | £40,000 |
| 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 |
Your loan details
This calculator is intended for illustration purposes only and exact payment terms should be agreed with a lender before taking out a loan.
Your results
Monthly payments
£-
Avg. monthly interest
£-
Total interest
£-
Total cost of finance
£-
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 UK average franchise income, (all UK 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 the UK. Just tell us what you need and leave the rest to us.
Daire made it happen! There is no doubt that Swoop sped up the process and found lenders that worked to our time scale rather than the other way round
Joint owner, F45 Virginia
Swoop was actually very helpful in helping us get our initial fundraising in place. Swoop was able to connect us with investors, with grant financing options and debt financing options.
Founder, SingleKey
Pedja was amazing. Super supportive, understanding of our needs and wasn't pushy at all. We've been going back and forth with Swoop for over a year inquiring about different financing options and they were patient until we were ready!
F45 Multi-studio owner
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.
Swoop promise
At Swoop we want to make it easy for SMEs to understand the sometimes overwhelming world of business finance and insurance. Our goal is simple – to distill complex topics, unravel jargon, offer transparent and impartial information, and empower businesses to make smart financial decisions with confidence.
Find out more about Swoop’s editorial principles by reading our editorial policy.
We work with world class partners to help us support businesses with finance
UK
IRE
AU
CA
US
ZA
NG
yet? Register here!