RAPID REFILL HAS RECORD SETTING YEAR

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RAPID REFILL HAS RECORD SETTING YEAR

 user 2007-01-03 at 12:49:00 pm Views: 46
  • #17279

    RAPID REFILL INK HAS RECORD-SETTING YEAR; EXPECTS EVEN MORE GROWTH IN ‘07
    (Minneapolis,
    Minn.)—A growing network of successful franchisees combined with the
    boom in the cartridge recycling industry and eco-friendly businesses
    led Rapid Refill Ink to record-setting numbers in 2006.Headquartered in
    Minneapolis, Minn., Rapid Refill Ink, a franchised retailer
    specializing in the remanufacturing, refilling and sale of inkjet and
    laser toner cartridges to both consumers and businesses, opened 39 new
    locations in 2006. Since it began franchising in 2004, Rapid Refill Ink
    has grown to 75 locations opened throughout the United States with a
    total of almost 300 sold. Building on the success of 2006, Rapid Refill
    Ink expects to add 175 locations in 2007 and 250-300 in 2008. They also
    plan to franchise stores in the few remaining states that do not have a
    Rapid Refill Ink store, thereby being available to consumers in all 50
    states.According to Steve Hockett, president of Rapid Refill Ink, “We
    are looking for growth oriented individuals who want to build a
    multi-unit operation, not buy themselves a job. The ideal candidate
    would open one ‘Full Service’ store and two to three ‘Retail-Only’
    stores within a market over 1-2 years.”

    Rapid Refill Ink will
    celebrate the third anniversary of its franchising program in January
    2007. While the emerging cartridge refilling industry features a number
    of franchised competitors, Hockett said Rapid Refill Ink is
    well-positioned for growth.Hockett views Rapid Refill Ink as a “strong
    and sound” company. He said he sees no need for dramatic changes. His
    short-term focus is to solidify the company’s marketing, real estate
    and operational support departments to support his long-term goal of
    aggressive growth. “We want to strengthen the areas that are necessary
    to develop a thriving retail concept while at the same time recruiting
    franchisees who are focused on helping us grow the Rapid Refill Ink
    network,” said Hockett.Potential franchisees are attracted to Rapid
    Refill Ink because it has momentum and solid fundamentals in place. The
    market is huge and no one dominates it. The opportunity is there for
    two or three concepts to grow fast and become recognized brand names.
    “Rapid Refill Ink will be one of those. We want to be the leader in the
    industry,” said Hockett. Rapid Refill Ink specializes in
    remanufacturing and selling inkjet and laser toner cartridges at prices
    30 to 50 percent below those of OEMs (Original Equipment Manufacturer).
    Rapid Refill Ink is the only U.S.-based retailer in the industry with
    storefront operations that utilize state-of-the-art technology and
    equipment to remanufacture cartridges. The Rapid Refill Ink store
    database lists 1,100 different inkjet cartridges and 200 models of
    laser toner cartridges.Said Hockett, “We have an opportunity to create
    a global brand name very quickly. The same printers we use here in the
    U.S. are used around the world, so this is a concept that can just
    explode across America and across the world. The demand is there, the
    need is real and we plan to build a system to deliver value driven
    printer ink solutions worldwide.”