TYPE OF BUSINESS: This business offers replacement ink cartridges and toner cartridges for all major brands of printers, copiers, fax and postage machines. This includes HP, Epson, Canon, Brother, Lexmark, Dell and Samsung. They carry a full line of black ink cartridges, color ink cartridges, black toner cartridges and color toner cartridges. This business was established in 2006 by the current owners. The business is located in a first ring suburb of Minneapolis. The sales are about 50% business and 50% individuals. The owner works 4-5 days per week with very flexible hours – responsible for the “office work”, ordering, marketing and some deliveries. New owner needs to spend more time trying to get more business accounts.
EQUIPMENT: The equipment is in good shape and is well maintained.
EMPLOYEES: The business operates with 3 part time employees. 1 earns $13/hours and works about 35 hours/ week; 1 earns $10/hour and works about 14 hours/ week and 1 earns $5/ cartridge and works about 28 hours/week.
GROSS SALES/ CASH FLOW: Gross sales for 2013 were $284,469; 2012 were $295,831, 2011 were $311,977, 2010 were $303,712 and $2009 were $326,696. Cash flow to an owner operator based on 2013 sales was $80,000+.
ASKING PRICE: The asking price for the business $175,000.00. Included in the asking price is inventory of about $35,000.00 (at cost) and the equipment, which is valued at $5-$7,000.00.
REASON FOR SALE: Personal reasons. Caring for ill parents.