Cartridge World – Closing
Cartridge World to close after 8 years in Hoboken, NJ
Here’s the bad news: Cartridge World at 4th & Bloomfield is closing after 8 years in the Hoboken community.
The good news is at least we WON’T have another “empty storefront.” Read more below for the story.
Computer Technicians of America to take over Cartridge World
Owner Nelson Villa had this to say about his departure:
“It is with a saddened heart that I write you this notification of Cartridge World leaving Hoboken after 8 wonderful years. My personal goals have brought my family and me in another direction. Fortunately, I am pleased to announce that Jeff Cohen, President of Computer Technicians of America (CTA), will be expanding in the storefront we currently share at 401 Bloomfield St and continue to provide high quality service to the community. The Hoboken residents will not be subjected to another empty store front!
In an effort to liquidate current inventory, open up space for the expansion of internet service, and to thank the residents of Hoboken, Cartridge World is offering 50% off all printer cartridges and office supplies, cash and carry! (And 25% off credit card purchases…)
We’re excited for Jeff at CTA, his computer repair business has successfully helped many over the years and he’s looking forward to continue providing the residents of Hoboken a reliable and honest business for many years to come!”
Good Luck, Nelson as well as Jeff!
Cartridge World for sale – Snap it up!
The owner of Cartridge World at 401 Bloomfield Street has put the business up for sale.
Nelson Villa has owned Cartridge World for the past six years, and has provided good jobs for local Hoboken residents and students at Stevens Institute, including some kids with tenures over three years already!
His decision to put the business up for sale was so that he could spend more time with his family, since his wife (an investment banker) relocated her job to a warmer state. He though it would be better to join his family, rather than constant traveling between his new home and Hoboken to manage the store.
With that being said, Nelson felt it was best keep the store open until he can find a new owner to take over (and preserve the jobs), rather than present yet another empty Hoboken store front.
Additionally, he stresses that the asking price of $70,000 for this business is a fantastic opportunity – because the cost to start up a similar Cartridge World franchise from the bottom is between $90-150K. And that doesn’t even include existing revenue stream and store recognition. Estimated annual income after overhead is about $50k.
“I priced the business to sell and to give someone an opportunity to own their own business and take control of their own destiny. Fortunately for me, I can afford to do that and know that I have something to fall back on based on my professional career,” said Nelson.
If you’re interested in this franchise opportunity – send an email to firstname.lastname@example.org for more details on the terms.
Description – Printer cartridges
Address – 401 Bloomfield Street, Hoboken, NJ 07030
Telephone – 201-795-2377