Editor’s note: This article was first published in January 2011; its figures, 39 stores at the end of 2010, a €20,000 investment and a €5,000 entry fee, are from that month, and whether Refill24 still operates as a franchise is not confirmed.
We’ve already suggested the business idea of refilling printer cartridges, and now Refill24 has turned this business into its own franchise, so any entrepreneur can get into it.
You could say that very few people know they can save money on cartridges by recycling them. Most users throw their cartridges in the bin, since they also don’t know that there are companies that pay for the printer cartridges you no longer need.
According to Refill24, only 8% of users are aware of the recycling and the savings that refilling cartridges brings them, which leaves 92% of users who would be potential customers if this service reached them.
Refill24 ended 2010 with 39 stores.
The advantages of joining a franchise like this are:
- You enter an expanding market that is about to grow, since more and more home users have their own printer, and for businesses it is a necessity.
- A very affordable initial investment: €20,000, with an entry fee of €5,000.
- They offer geographic exclusivity.
- No previous knowledge of the sector is required.
- And the Refill24 franchise claims you’ll recoup your investment in the first year.
If these figures turn out to be true, we could say that Refill24 is among the most profitable franchises of the moment.
Further reading
- Profitable franchises for 2011
- The franchise model weathers the 2010 crisis
- Pros and cons of buying a franchise
Featured image: Daniel Díez Sanquirce, CC BY-SA 3.0, via Wikimedia Commons.
