Printing Services Business Trends:

Industry revenue is expected to decline 2.5% to 68 billion in 2024, Profit margins are also expected to gradually decline because of the lack of demand. The print industry seems to have had a bleak outlook on combating this new digital era. According to IBISWorld they believe that print advertising expenditure will fall at an annualized rate of 4.0% over the next five years despite U.S. advertising projected to grow 2.0% annualized in the same period. Contributing to the decline is the accessibility and ease of reading of products like Amazon’s Kindle, and Apple iPad.

Profit and Loss Breakdown (Based on Industry Averages in the Accounting / Tax Practice Services):

Business Breakdown:

Average Profit Margin: 4.6%

Revenue per Employee: $182,700

Average number of Employees: 8.9

Average Wages per Employee: $46,028

Industry Costs

Profit: 4.6%

Wages: 25.1%

Purchases: 39.6%

Depreciation: 3.2%

Marketing: .4%

Rent & Utilities: 3.5%

Other: 23.6%

Market Segmentation in this Industry:

Manufacturers: 25.8%

Publishing: 17.7%

Advertisers: 15.4%

Minuteman Press Franchise Example:

 Minuteman Press operates a full-service printing and marketing center. Minuteman Press is a franchise concept in the Business Services industry. Minuteman Press started offering franchises in 1975 and currently there are 965 Minuteman Press locations in the United States, of which 0 are corporate units.

Initial Franchise Fee:

 $32,500 – $47,500

Total Cost of Franchise:

 The minimum amount required for a franchisee to invest is $74,904 and can go all the way up to $180,053.

Royalty Fee:

 6%