Mar 5 2011
Grupo International, Inc. (PINKSHEETS: GRPI) President Ramon Richard announced that its RiMart Hardware and Specialty Store's division has entered into an agreement with Sherwin Williams Paint to sell their paint products through its RiMart Stores to take advantage of the increasing home improvement and new housing demand throughout Mexico.
In addition to Company's stores bearing the RiMart name, Grupo has created a rapidly growing franchise division. RiMart Stores are considered to be one of Mexico's first franchise opportunities of this type.
With its low entry cost of approximately $100,000 (of which 50% is eligible for government financing) these new franchises offer a new exciting opportunity for those wishing to start a small business. RiMart stores offer the franchisees a variety of products used everyday for construction, maintenance, as well as providing retail items that homeowners use every day. RiMart Stores is one of the first companies to offer an "in house credit" enabling sales for all of its consumer levels. It is Grupo International's goal to offer quality merchandise throughout these franchises and plans to aggressively enter the market place offering a package of quality products, in house financing, and the ability to attract commercial sales using the RiMart's products lines.
By offering Sherwin Williams paint throughout the RiMart Stores, the Company has once again demonstrated its commitment to quality throughout its new franchise network.
In addition to the rapid growth of the RiMart franchises, Grupo International, Inc. owns and operates other divisions that are both complementary and significant in their own right. These include the Sand Extraction Concessions, a Cement Block Manufacturing facility, Construction, and a RiMart Credit Card Division that provides consumers long term financing for more costly projects. The RiMart franchises have a distinct advantage in that the franchisee has the ability to increase its sales volume by accessing and offering the commercial products offered by the Grupo International parent company.
Source: http://www.grupointl.com/