Minuteman Press Franchise Costs $81K – $221K (+ 2024 Profits)

Minuteman Press is a renowned franchisor in the printing industry, offering a broad range of services including printing, copying, graphic design, signage, and promotional products. The company was founded in 1973 by Roy Titus and his son Bob Titus in Plainview, New York. 

Recognizing a market opportunity to deliver high-quality, quick printing services, they started the business which rapidly evolved to include a full suite of marketing and branding solutions. The company embarked on its franchising journey in 1975, only two years after its inception.

Minuteman Press distinguishes itself from competitors through its comprehensive product offerings and services that cater to all aspects of print and marketing needs. They provide custom solutions ranging from basic printing to elaborate promotional items and custom branded apparel

Type of Expenditure	Amount
Initial Franchise Fee	$35,000 or $48,500
Real Estate	$1,000 – $5,000
Real Estate Security Deposit	$1,000 – $5,000
Equipment Package Deposit (if leased)	$8,050
Equipment Package	$92,190
Xerox Leased Equipment	$941 Lease Payment Monthly
Equipment Package (Reconditioned) (if available)	$1,000 – $1,800
IT/Computer & Networking	$0 – $2,000
Software	$0 – $7,995
Insurance (6 months)	$1,000 – $2,000
Shipping	$3,000 – $8,000
Professional Fees	$1,000 – $2,500
Utility Deposits	$0 – $1,000
Business Licenses	$0 – $1,000
Additional Funds (0-6 months)	$30,000 – $45,000
Approximate totals if you lease your Equipment Package	$80,991 to $136,986
Approximate totals if your Equipment Package is purchased outright	$164,190 to $221,126

Note: The table above provides a snapshot of the main costs associated with starting the most common franchise format (as disclosed in the Item 7 of the Franchise Disclosure Document). For a complete overview of all the expenses involved with the various formats offered by the franchisor, please consult the Franchise Disclosure Document.

Initial Franchise Fee

The initial franchise fee is $48,500 for new franchisees, or $35,000 for a Transfer/Training fee if purchasing an existing center.

Royalty Fee

Franchisees are required to pay a monthly Royalty Fee equal to 6% of the franchisee’s monthly Gross Revenue.

Marketing/Advertising Fee

The Internet Marketing Program fees range from $280 to $2,280 per month.

Technology Fee

The Technology fee includes a one-time fee of $7,995 for the FLEX Management Software and an annual support and maintenance fee of $370.

Transfer Fees

The transfer fee is $35,000 if purchasing an existing center. 

Franchise pros and cons

The pros:

• Third-party financing: The franchisor offers its franchisees financing options through third-party relationships. It funds them for franchise fees, startup costs, equipment, inventory and payroll costs.
• Pre Opening training and ongoing support: Minuteman Press has a detailed initial training program consisting of 64.25 hours of classroom and 88 hours of on-site instruction. It trains its franchisees on the business concept, products and services, best management practices, customer service, and how to carry out a successful grand opening.
• Marketing support: The franchisor provides its franchisees with result-oriented marketing and advertising techniques to help them reach a wide target market. These include national media, regional advertising, social media, email marketing, local store marketing promotions and loyalty programs.
• Site selection and development: The franchisor provides its franchisees with site selection guidance to identify suitable locations. It also helps them with the setup and development of their centers.
• Shopping convenience: Minuteman Press franchise stores are one-stop, full-service centers, giving guests a convenient shopping experience. Also, it presents franchisees with a unique concept that helps them stand out from the competition and maximize their earning potential.

The Cons:

• No exclusive territory protection: Minuteman Press does not allow its franchisees to operate in protected territory. Franchisees may face competition from franchises authorized by the parent company, its affiliates or brands it controls.
• Not a home-based opportunity: The franchise cannot be run from home or a mobile unit. Franchisees must have an office space, warehouse or retail facility.
• Not a passive investment: The franchise does not allow for absentee ownership. Franchisees must be actively involved in the day-to-day running of their centers.
• Not a part-time business: The franchisor requires centers to be open full-time.

How to open a Minuteman Press franchise

Opening a Minuteman Press franchise involves several steps, designed to ensure you are a good fit for the franchise. Here are the main steps to follow to open a Minuteman Press franchise.

1: Research the Franchise

• Understand the Business Model: Learn about Minuteman Press’s services, customer base, and market demand.
• Review Financial Requirements: Assess the initial investment needed, including franchise fees and setup costs.
• Explore Support and Training: Minuteman Press provides comprehensive training and ongoing support to franchisees.

2: Submit an Inquiry and Application

• Initial Inquiry: Contact Minuteman Press to express interest and receive preliminary franchise information.
• Formal Application: Complete the franchise application to provide details about your qualifications and financial background.

3: Attend Discovery Day

• Visit Headquarters: Attend a Discovery Day at the Minuteman Press headquarters in Farmingdale, New York.
• Meet the Team: Engage with the corporate team and current franchisees to understand the daily operations and corporate culture.

4: Review Franchise Disclosure Document (FDD)

• Receive FDD: Obtain the Franchise Disclosure Document which outlines all aspects of the franchise operation.
• Legal Review: Consider consulting with a franchise attorney to review the terms and obligations outlined in the FDD.

Disclaimer

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