Aussie Cartridge refiller gets Vietnam franchise
Cartridge World Australia, a market leader in inkjet and cartridge refilling, has begun operating in Viet Nam through a master franchising deal with Cartridge World Vietnam.
The local franchisee’s chairman, Tran Tinh Minh Triet, said, “We paid about US$150,000 in initial fees for the agreement for both Viet Nam and Cambodia and have to pay an additional 6% of our monthly profit to the Australian franchisor.”
Ho Chi Minh City-based Cartridge World Vietnam has invested some US$300,000 in technology to remanufacture printer cartridges, he said.
“We plan to sub-franchise to 20 partners throughout Viet Nam and five partners in Cambodia by 2007,” said Triet, a member of the newly established Vietnam Franchise Club.
The price for a sub-franchise in Ho Chi Minh City or Ha Noi ranges from US$15,000 to US$17,000 but outside these two cities it drops below US$15,000. In addition, the sub-franchisees have to pay Triet’s company 6% of their profits.
Cartridge World Vietnam refills cartridges for inkjet and laser printers, fax machines and photocopiers for about half what it costs with a new cartridge from a brand-name manufacturer, Triet said.
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