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.Eckart Dutz, the company’s general
director, said the refilling quality was nearly the same as that from
the manufacturers. Furthermore, he said, refilling old cartridges was
an environment-friendly measure as it kept old cartridges out of
landfills.With the strongly increasing demand for cartridges in Viet
Nam, the company is upbeat about the market and its own prospects.In
related news, the Ho Chi Minh City-based Phuoc Thinh Textile Company is
seeking to sell franchises for its clothing and fabric.Phuoc Thinh
brand manager Nguyen Thanh Liem said his company would sell franchises
to its 54 agents in Viet Nam and was already finding franchisees abroad.