In this FDD Talk 2017 post, you’ll learn the following:
- Section I – Background information on the Minuteman Press franchise opportunity, including relevant news updates
- Section II – Estimated initial investment for a Minuteman Press franchise, based on Item 7 of the company’s 2017 FDD
- Section III – Initial franchise fee, royalty fee, marketing fee, and other fees for a Minuteman Press franchise, based on Items 5 and 6 of the company’s 2017 FDD
- Section IV – Presentation and analysis of Minuteman Press’s financial performance representations, based on Item 19 of the company’s 2017 FDD, including information on the:
- 2016 average gross sales for the 588 franchised Minuteman Press centers located in the United States that were operational for the entire calendar year and provided sales reporting data for all 12 months
- number of all franchised Minuteman Press centers worldwide that were operational for the entire calendar year, provided sales reporting data for all 12 months, and obtained or exceeded $1,000,000 in gross sales during the 2013, 2014, 2015, and 2016 calendar years
- 2012, 2013, 2014, 2015, and 2016 average gross sales for franchised Minuteman Press centers located in the United States during the five year period including the 2012 through 2016 calendar years and provided sales reporting data for all 12 months
- average and median cost of goods sold and labor costs for franchised Minuteman Press centers located in the United States that were operational for the entire calendar year and participated in Minuteman Press’s Business Management Survey conducted in February 2017
Section I – Background Information
12 Things You Need to Know About the Minuteman Press Franchise
A Leading Franchise
1. Minuteman Press was named a top franchise on Franchise Direct’s 2017 Top Global Franchises list, which ranks franchises based on several criteria including system size, franchise longevity, and support methods for franchisees.
2. Minuteman Press also earned a spot on Franchise Business Review’s 2017 Top Franchises list due to high marks on their franchisee satisfaction survey. Minuteman Press earned an especially high rating in the Core Values section of the survey, which measures how much franchisees trust and respect their franchisor, how they feel about the company’s ethics and honesty, and whether or not they feel their franchisor cares about their success.
3. According to Bob Titus, president of Minuteman Press, the high score “is really a testament to the integrity and high quality of our business model and our franchise system.”
Franchisees Working with Top Companies
4. As one of the leading companies in its industry, Minuteman Press often provides services to top companies in other industries. For example, franchisees Joe Brenneis and Greg Duffey of Norwalk, Connecticut, have been doing work for Datto, a large privately held IT company founded in the same area, for five years.
5. Datto came to Brenneis and Duffey five years ago looking for business cards and the company was so impressed with the service that a long-term business relationship developed. According to Duffey, their franchise now does everything from product brochures to wide format trade show materials and direct-mail projects for Datto.
6. Another franchisee Jude Arijaje, a multi-unit franchisee in Philadelphia, Pennsylvania has been working with the NBA’s Philadelphia 76ers. Arijaje says that he ended up working with the Philadelphia 76ers through the “old-school practice of knocking on doors to greet potential new clients.” When Arijaje realized that the 76ers corporate office was just down the road from his shop, he introduced himself and let them know that he would be able to help their marketing team.
7. The 76ers eventually asked Arijaje to produce a few postcards and flyers. That was four years ago and Arijaje continues to do work for the 76ers including making signs for game day, printing promotional postcards and flyers, and making life size cutouts of the players.
8. David Pike, a multi-unit franchisee in the Lehigh Valley area in Pennsylvania, works with Just Born Candies, the makers of Peeps, Mike and Ike, Hot Tamales, and Goldenberg’s Peanut Chews. Pike says that his family has been working with Just Born since the first few weeks after he and his parents bought their first Minuteman Press franchise.
9. Pike says they started out doing simple copy work for Just Born and today they are providing full color printing, POP material and in-store signage, sampling cards, screen printed and embroidered sportswear, IRC (instant redeemable coupons), and any number of small unique products like branding coolers or the Peeps mobile.
10. The first Minuteman Press was opened in 1973 by Roy Titus and his son Bob in Plainview, New York. The first location was initially a quick copy center, but began offering more services after Roy was concerned about having the same limitations as other copy centers at the time. Minuteman Press began offering full service printing services by utilizing a new print system developed by the 3M company.
11. Titus continued to open locations in the New York area and franchising officially began in 1975. Today, there are nearly 1,000 Minuteman Press locations across the U.S., Canada, Australia, South Africa, and the United Kingdom.
Entrepreneur’s Franchise 500
12. Minuteman Press has ranked on Entrepreneur’s annual Franchise 500 list every year in the last decade. The company’s highest rank was No. 53 in 2010, while its lowest rank was No. 177 on this year’s list. 2017 also marks the company’s 14th consecutive year as No. 1 in its category and 25th year on Entrepreneur’s overall list.
Section II – Estimated Costs
- Please click here for detailed estimates of Minuteman Press franchise costs, based on Item 7 of the company’s 2017 FDD (updated).
Section III – Initial Franchise Fee, Royalty Fee, Marketing Fee, and Other Fees
- Please click here for detailed information on Minuteman Press’s initial franchise fee, royalty fee, marketing fee, and other fees, based on Items 5 and 6 of the company’s 2017 FDD.