Minuteman Press franchise

Hassle-free business loans to start your Minuteman Press franchise.

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 the US.

Minuteman Press business details

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:

  • Total stores: Approximately 1000
  • Required Investor net worth: not stated
  • Required investor liquid cash: not stated
  • Min. investment: $78,000 
  • Max. investment: $220,000
  • Standard franchise term: 35 years 

Can I start a Minuteman Press franchise?

You can get into a Minuteman Press franchise for as little as $78,000 if you choose to lease your service center’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.

How much does a Minuteman Press franchise cost?

The initial start-up costs for a Minuteman Press franchise vary depending on if you opt to lease your center’s equipment or buy it outright. If you prefer to lease, costs range from $78,000 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:

  • Royalty fee: 6% of gross sales
  • FLEX management software: $7,995 at purchase then $370 per year
  • Website support: Up to $395 per month
  • Internet marketing program: $225 to $2,255 per month
  • Audit: Varies
  • Additional training: Cost of travel and accommodation
  • Transfer fee: $32,500

Estimated key costs to open a Minuteman Press franchise:

Key Costs GuideLowHigh
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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Are Minuteman Press franchises profitable?

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 US average franchise income, (all US 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.

What is the failure rate for a Minuteman Press franchise?

Low to moderate. The failure rate for a Minuteman Press franchise is 2% in the first year, rising to 6% by year three.

Why should you start a Minuteman Press franchise?

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.

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What are the franchise territory policies for Minuteman Press?

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.

What franchise resources does Minuteman Press offer?

Minuteman Press support for franchisees includes:

  • Training: Franchisees are required to attend and complete the franchisor’s training program. This is a 10 day program held over a two week period, located at Minuteman’s headquarters in New York. The company will assist franchisees by providing a qualified field representative on site for a minimum of 60 hours during the initial set-up and operation of their Minuteman Press center. The company may also provide, at its discretion, further ‘on location’ assistance after the opening of your Minuteman Press center.
  • Marketing support: Minuteman Press provides promotional and other marketing support for their franchisees.
  • Third-party financing: Minuteman Press does not provide financial support for investors seeking franchise funding. Instead, you may be able to obtain economical and flexible funding solutions from the many independent funders who provide business loans to franchise operators.

What is the process for starting a Minuteman Press franchise?

It begins with an application. Start the process here.

Secure franchise funding with Swoop

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 US. Just tell us what you need and leave the rest to us.

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Testimonials

Written by

Chris Godfrey

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 Wells Fargo Bank, Visa, Experian, Ebay, Flywire, insurers and pension funds, his words have appeared online and in print to inform, entertain and explain the complex world of US consumer and business finance.

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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.

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Article sources
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Swoop requires writers to use primary sources to support their work. These include white papers, government data, original reporting, and interviews with industry experts. We also reference original research from other reputable publishers where appropriate.

Franchise funding: https://swoopfunding.com/us/blog/funding-your-franchise-a-guide-for-franchisees/

Profitability: https://sharpsheets.io/blog/minuteman-press-franchise-sales-costs-profits/

Minuteman Press franchise application: https://minutemanpressfranchise.com/investment/

Minuteman Press: https://minutemanpressfranchise.com/available-markets/

Failure rate: https://www.vettedbiz.com/franchises/minuteman-press/

Set-up costs: https://www.franchisedirect.com/printercopyingsignfranchises/minuteman-press-franchise-00175/ufoc/

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