Minuteman Press International, the world’s leading design, marketing, and printing franchise, has continued to see high interest from independent print shop owners who are looking to sell a printing business. As a result, Minuteman Press is expanding its conversion program that helps independent printers sell their printing business and secure an exit strategy. Over the past 36 months, Minuteman Press has assisted over 150 independent print center owners sell their business.
How the Minuteman Press Program Works
With over 45 years of experience in the printing industry, Minuteman Press International has the unique ability to sell independent print shops to a wider pool of qualified buyers. The Minuteman Press team will market independent print centers, qualify potential prospects by educating them on both the industry and the business, assist in obtaining financing, and provide training and continued onsite support to the new owner. Qualifying independent print shops will not be charged a fee or commission on the sale.
Minuteman Press International remains at the forefront of the modern printing industry and the franchisor offers the proper business model that successfully addresses the above key points. “At Minuteman Press, our goal is to help our franchisees thrive as business owners by helping them leverage our knowledge (through comprehensive training and ongoing support) as well as our business model, branding, mass purchasing power, software, and research and development capabilities,” says Bob Titus, Minuteman Press International CEO.
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Win-Win Market for Business Buyers and Sellers
Domenic Tassielli was looking for help in selling his independent printing business Digital Print Services in Kent, Washington. Domenic took advantage of Minuteman Press International’s conversion program and was able to sell his business to Dawn and Jeff Brown, who now own their full-service Minuteman Press design, marketing, and printing franchise in Kent.
Domenic says, “I met with Regional Vice President Chris Jutt after answering a letter Minuteman Press had sent me. Approximately 12 months later, they helped me successfully sell my store at a fair market price. I would recommend Minuteman Press to anyone who might be considering selling their printing business to meet with them to see what they might be able to do for you.”
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For the buyers Dawn and Jeff Brown, buying their Minuteman Press franchise in Kent simply made sense. Dawn says, “We chose Minuteman Press International for a few reasons. The first was that their core values aligned with our own. Minuteman is still a family-owned franchise business and that appealed to us. It had that small-town feel, but with the resources of an international company. We also liked how as franchisees we had a full support system behind us as owners.”
Chris Jutt is Minuteman Press International Regional Vice President for the Pacific Northwest. Chris and the team at Minuteman Press were instrumental in finding a qualified buyer for Domenic and then helping Dawn and Jeff transition to business ownership. This created a win-win situation for both the seller and buyer.
Chris says, “At Minuteman, our focus is to help put aspiring entrepreneurs like Dawn and Jeff Brown into business and provide them with full training and ongoing support. With our conversion program, we are able to assist independent printers like Domenic who are looking to sell a printing business find qualified buyers like Dawn and Jeff.”
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Minuteman is a Viable Option for Print Shop Owners Who Want to Secure an Exit Strategy
For qualifying independent print shop owners, Minuteman Press will:
1) Attract potential buyers through local and national marketing campaigns
2) Qualify prospects and assist in obtaining financing
3) Assist in coordinating the sale and transition to a new owner
4) Provide training to the new owner and support them in business
5) Ensure the legacy of your business by continuing a high level of quality and service all for 0% commission
Mutually Beneficial Transition
Jack Panzer, Regional Vice President in Arizona, is pleased to be part of a mutually beneficial transition that allows the independent print shop owner and the new franchisee to meet their respective goals. Jack says, “It is personally satisfying to have helped numerous independent printers sell a printing business over the years and convert those businesses to Minuteman Press franchises after the sale. This can be tremendously beneficial to the outgoing owner because we have seen that most independent printers don’t have an exit strategy as they approach retirement age or are simply looking for the best way to sell and enter that next stage of their lives. They haven’t thought about how they will find a qualified buyer, what it will cost them to find the buyer, and how they will train the buyer. That is where we come in because Minuteman Press International can do all of this for the seller while also helping the buyer make a smooth transition to business ownership regardless of their level of experience.”
Source: Business Wire