| Item description |
Possible Additional Costs |
Estimated costs as Included in Development Fees |
Paid by |
Supplied by |
Time Line |
| Inkjet cartridge remanufacturing equipment and systems to refill most popular inkjet cartridges on premises. |
|
$29,950 |
included with franchise |
third party supplier |
at set up |
| Opening Inventory |
| Includes: Compatible inkjet cartridges, remanufactured inkjet cartridges, bulk inks, remanufacturing supplies, sample laser toner cartridges, photo quality papers and other items as required at time of franchise purchase |
|
$9,000 |
included with franchise |
RWorld™ |
at set up |
| Empty Cartridge Start up Inventory |
| Until collection programs are established cartridges may have to be purchased to build inventory. |
$2,000 |
|
optional purchase |
third party supplier and RWorld™ |
at set up |
| Test Printers |
| Includes a mix of popular remanufactured inkjet printers to print test remanufactured cartridges |
|
$3,000 |
included with franchise |
third party supplier |
at set up |
| Miscellaneous Supplies |
| Racks, shelving, work benches, scales, tape dispensers, fire extinguishers, magnifying light, handheld steamers, heat sealers and other items as required at time of franchise purchase. |
|
$1,750 |
included with franchise |
third party supplier |
at set up |
| Office supplies and furnishing |
| Filing cabinet, chairs, general office supplies. |
|
$2,500 |
included with franchise |
third party supplier |
at set up |
| Leasehold construction |
| RWorld™ Master franchises will be primarily located in warehouse or tier two retail spaces that will vary greatly in size and requirements by the Master Franchisee making it challenging to benchmark these costs. RWorld™ has studied the average costs associated to the construction of store front and kiosk type locations and has set a maximum amount for this constriction at the following and will include, labor, construction of retail counters, cabinets, painting and fixturing. NOTE: construction of a free standing location would require additional costs and would require a separate document detailing these costs. |
|
$12,500 |
included with franchise |
third party supplier |
at set up |
| IMPORTANT: It is assumed that the location being leased will have appropriate access to running water both hot and cold. If no access to water it must be budgeted separately and approved |
| Signage Exterior |
| A variety of signage and graphics are available and may include but not be limited to, exterior and interior wall mounted PVC with vinyl graphics, digital printed vinyl window banners, interior framed signage, mounted photographs and posters. |
|
$4,500 |
included with franchise |
third party supplier |
at set up |
| IMPORTANT: Signage may vary from location to location and be dependent on local government by-laws, space available and other conditions out of the control of RWorld™. |
| Telephones-Internet connection, Alarms |
| Telephones may be leased or purchased and costs will fluctuate depending on providers that are selected by the franchisee |
$200 |
$500 |
extra cost |
third party supplier |
at set up |
| Credit Card transaction system. |
$100 |
|
extra cost |
third party supplier |
at set up |
| Staffing |
| Locations will have different requirements. RWorld™ suggests a budget be discussed prior to opening that may include part time employees and sales help |
|
|
operation cost not included |
|
|
| Location Marketing and Launch |
| Store launch and location marketing will be discussed with individual franchise operators and a plan designed to suit local market conditions |
|
$5,000 |
included with franchise |
third party and RWorld™ |
before, during and after set up |
| Marketing collaterals |
| Includes a variety of marketing tools as available at time of franchise purchase |
|
$2,500 |
included with franchise |
third party and RWorld™ |
before, during and after set up |
| Opening discounts and Specials |
| Customized per location dependent on outlet needs |
| Location and Customers profile will be reviewed and appropriate strategies reviewed Discount offers are tailored to the outlet and discussed in a marketing meeting prior to opening |
|
|
extra cost |
|
|
| Grand Opening Costs |
| Promotions as agreed prior to and after opening |
|
$2,000 |
included with franchise |
third party and RWorld™ |
before, during and after set up |
| Point of Sale |
| Accounting and point of sale system software |
|
$900 |
included with franchise |
third party and RWorld™ |
at time of set up |
| Computer system |
| Cash drawer, monitor, receipt printer, scanner wand |
|
$1,500 |
included with franchise |
third party and RWorld™ |
at time of set up |
| Additional computer for test printers and office administration |
|
$600 |
included with franchise |
third party and RWorld™ |
at time of set up |
| Additional software requirements Microsoft Office, Adobe |
|
$1,000 |
included with franchise |
third party and RWorld™ |
at time of set up |
| Insurance |
| Liability, theft etc. |
$1,000 |
|
additional operating expense |
third party |
at time of set up |
| Utility vehicle |
| Deliveries pickups and advertising etc, |
$1,000 |
$3,000 |
included with franchise |
third party and RWorld™ |
at time of set up |
| Rent and Utilities |
| Warehouse type location |
$2,000 |
|
|
|
|
| Free standing location |
$2,000 to $4,000 |
|
|
|
|
| NOTE: Rents will vary from location to location RWorld™ |
|
|
|
|
|
| Staff Uniforms |
| Shirts, lab coats, general uniforms |
|
$1,000 |
included with franchise |
third party and RWorld™ |
at time of set up |
| Miscellaneous start up funds |
| RWorld™ suggests a start up fund to cover initial expenses such as part time staff, rent deposits, telephone deposits, utility deposits and additional inventories of collected empty cartridges |
$10,000 to $15,000 |
|
additional operating expense |
third party |
ongoing operational costs |
| Licensing |
| Municipal licenses and business licenses will vary by outlet Franchisee should investigate for local charges |
$200 |
|
|
|
|
| Training travel expenses |
| If travel is required to RWorld™ for training |
$600 |
|
additional operating expense |
third party |
at time of set up |
| Totals |
$19,100 to $26,100 |
Approx.$81,200 |
|
|
|
| Total Required Funds |
|
|
| Ongoing operating expenses and contingencies |
$19,100-$26,100 |
| Location development fees as included with franchise |
$81,200 |
| RWorld™ master franchise fee |
$50,000 |
| Total approximate required funds |
$150,300 to $157,300 |
*There may be additional costs incurred for unique location requirements that are unforeseen at this time.
**This business model is designed to be implemented or fit into an existing retail location and as such the leasehold improvements are typically minor in scope and costs. Major renovations would require restructuring of the costs seen here.
***RWorld™ has done its best with information available at time of publication but assumes no responsibility for fluctuations in costs that may affect this budget at time of purchase
RWorld™ Franchise Canada Inc.
Tel 905.936.9346
Toll 1.800.307.3719
Fax 905-936-9382
email: doug@rworld.ca
web site www.rworld.ca
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