Prospective The UPS Store owners follow a simple four-step process to get approved:
- Step 1: Inquiry
- Step 2: Application
- Step 3: Funding
- Step 4: Booking
Full Answer
How much does it cost to open ups franchise?
The initial franchise fee for a UPS Store is $29,950. This is reduced to $9,950 for rural centers. There are also discounts for veterans and as part of the company’s “diversity ownership program” (Item 5, FDD 2021). Once a store is up and running, the franchisee pays 5% of their earnings to the company in royalties and 1% in marketing fees (Item 6, FDD 2021).
How much do UPS Store owners make?
This estimate is based upon 6 The UPS Store Owner salary report (s) provided by employees or estimated based upon statistical methods. When factoring in bonuses and additional compensation, a Owner at The UPS Store can expect to make an average total pay of $35,993 per year.
How much does UPS Store franchise cost?
How Much Does the UPS Store Franchise Cost? Potential franchisees must have a minimum of $60,000 in liquid capital in cash, savings, stocks, bonds, mutual funds, retirement accounts, a gift from a family member or friend, or any other non-borrowed sources. This amount is based upon the franchisee's area of interest and could go as high as $100,000 depending on market conditions.
Can an UPS Store make profit?
The UPS Store requires a $359,500 investment and a projected $35,333 monthly income to break even (including taxes and fees). Because of the high operating cost of a store, 60% of UPS Stores don’t turn a profit until they hit over $30,000 in monthly sales. With so many challenges, the UPS Store’s potential franchise buyers urgently require ...
What is the thing I love about the UPS franchise?
What is the interesting thing about UPS?
Is UPS ranked #1?
The UPS Store Franchise Cost & Opportunities 2022 | Franchise Help
The UPS Store Franchise Location Formats Offered. The UPS Store offers three location formats: Traditional Locations: a standard, standalone print, packaging, and business services store.; Rural Locations: Allows for the development and operation of The UPS Store in smaller communities that may not otherwise have access to such services.This format is particularly advantageous for those with ...
Are there The UPS Store franchises for sale near me?
Request more information about franchises for sale in your area. Please complete the Information Request form above, and one of our business development managers will reach out to schedule a time to speak with you about The UPS Store, Inc. franchises for sale near you after you receive our current Franchise Disclosure Document.. Want to learn more?
The UPS Store Franchise Information FAQ | The UPS Store
Who ultimately selects the location for The UPS Store ® franchise in the area I am interested in?. The UPS Store, Inc. will work with you to help you find an acceptable location based on your preferences, available markets and the company’s overall franchise system expansion goals and site selection criteria.We must approve the location of your center, but the final decision and ...
The Payoffs of Owning a UPS Store Franchise
Investors looking for reasons to invest in the UPS store franchise will not have to look far. The UPS store is a pervasive and welcomed force in the packaging services industry rivaling the United States Postal Service and Federal Express.
UPS Stores for Sale | Buy UPS Stores at BizQuest
UPS Store for sale $491K in annual sales with $145K owner Income Cleveland , Ohio suburbs - Fast growing / Owner residing out of state Financing available #2 Ranked Franchise in “Entrepreneur’s Franchise 500” for 2022UPS Stores for sale / Owner residing out of Statea) Store 1 Cuyahoga county, OH 491K in sales with $145K owner Income.b) Store 2 Lake county, OH $386K in sales with $135K ...
What do I love about the UPS franchise?
One of the things that I love about The UPS Store franchise system is that you're not ever in this by yourself. The franchisees of The UPS Store network are great.
What are the benefits of owning a The UPS Store Franchise?
We offer a variety of benefits beyond our world-class training to make sure your franchisee experience is a fulfilling one , including:
What training does The UPS Store offer for new franchisees?
The UPS Store Franchise Development team makes sure franchisees are prepared for success with our comprehensive four-phase training program:
What financing options does The UPS Store offer?
The UPS Store offers a variety of financing options to make sure every franchise owner starts their business off on the right track.
What is franchising?
Being a franchisee means you get to enjoy the freedom and flexibility of making your own business decisions and being your own boss while working towards your goals of personal and financial independence with the support of an established brand.
What is UPS Store?
The UPS Store offers aspiring entrepreneurs the opportunity to chase their dreams of owning and running their own business with the trusted support of an experienced national brand behind you every step of the way.
What is the interesting thing about UPS?
The interesting thing about The UPS Store is that when a customer walks through the door there's an extremely high probability that they're coming there to do something that is important to them. So at the end of the day, what we do for customers is very important and they are trusting that we are going to do it well.
How much does it cost to buy an UPS franchise?
To buy a franchise with The UPS Store Inc., you'll need to have at least Can be met by non-borrowed monetary sources. in liquid capital. Franchisees can expect to make a total investment of $159,224 - $434,521. The UPS Store Inc. charges a franchise fee of $29,950. They also offer financing via 3rd party. *
What is UPS store?
The UPS Store is the world’s largest franchisor of retail shipping, postal, printing, and business service centers and has nearly 40 years of franchise experience.
How much does UPS save veterans?
In support of those who have served our country, qualified veterans, active military and their spouses save $10,000 off the franchise fee of a new The UPS Store location which includes 50% off the initial application fee.
How to apply for a UPS franchise?
To learn more about franchising with The UPS Store and this location specifically, please visit https://www.theupsstorefranchise.com/ and click the “apply now” button on the top right . Because this is a franchise, the FTC requires us to provide you with our Franchise... Read more
Where is the UPS store in Galloway?
This established The UPS Store is located directly on highly-traveled Jimmie Leads Road in Galloway Township. This franchise opportunity is nestled in a strip mall with other retailers and restaurants. It is also located directly across from City Hall. Don't wait-- this opportunity to be part of this... Read more
Is UPS a franchise?
The UPS Store inc. is one of the best available franchises to be a part of. The UPS Store 6931 at the Maui Mall in Kahului is a healthy and viable business that shows continued growth. An award winner in each of it's first 2 full years in operation, this store truly has... Read more
Is UPS a SBA prequalified franchise?
SBA Pre-Qualified! A rare opportunity to purchase a thriving The UPS Store franchise in North West Side of Chicago. Well-established for 28 years. 2020 Revenues reached $687K with Owner Benefit over $202k. Year to Date Revenues are already 11% over prior year. The UPS Store is consistently... Read more
What is an UPS franchise?
Franchise Description: The UPS Store, Inc. is the franchisor. UPS is the parent entity. The UPS Store Centers are retail service businesses which offer mail and parcel receiving, packaging and shipping services through various carriers and provide a wide range of other authorized products and services, including notary, printing, copying, office supplies and communications (such as fax) services. Centers are targeted to the needs of businesses of all size, small office/home office workers and busy consumers who are looking for timesaving services. Previously, franchises for centers were granted under the “Mail Boxes Etc.” trademark. The franchisor grants The UPS Store franchises for centers to be operated at traditional and non-traditional locations. Traditional locations are located in highly visible locations in strip shopping centers or in high foot-traffic downtown areas. Non-traditional locations include colleges, universities, hotels, resorts, military bases, convention centers, airports, self-storage facilities, inside other retailers, office buildings, bus or train stations, and outlet or regional malls. The franchisor also offers an updated Rural Program (to be marketed as the “Main Street” franchise model) for centers to be developed and operated in a rural area or small town/city community.
How long is the UPS franchise training?
Following an introductory web-based training, there are two basic parts to the New Franchisee Training Program: (1) the In Store Experience Parts I and II, each of which is five days at a local/regional Certified Training Center and taught by a Certified Trainer; and (2) the University Business Course, which is eight days in San Diego at The UPS Store University (includes three days of Print Services Training). The designated primary operator must also attend, and successfully complete (if he or she has not already done so), a Financial Management Training Program offered by an approved financial management training vendor no later than six months after the Franchise Agreement’s effective date. In its discretion, the franchisor will present periodic supplemental or additional training programs and refresher courses for all franchisees and their supervisory employees (mandatory or optional, in its discretion).
What is a franchisee's territory?
Territory Granted: Franchisees will be permitted to operate their center at a specific location acceptable to the franchisor. The Franchise Agreement will have an attached map and written description that will describe a geographic area surrounding the center. There is no minimum territory size the franchisor will grant a franchisee. The territory size depends on market factors in the area. Franchisees will not receive an exclusive territory.
How long is a franchise agreement?
Term of Agreement and Renewal: The length of the initial franchise term is 10 years. If franchisees are in good standing, they can renew for successive periods of 10 years each on the then-current version of the Franchise Agreement.
Does Franchise Direct sell your information?
Franchise Direct's reputation for integrity in the franchise industry has been established over our 20+ years in business. We NEVER sell your information or share it with anyone other than the companies from which you have requested information. Please view our privacy policy.
Do franchisees have exclusive territory?
Franchisees will not receive an exclusive territory. Obligations and Restrictions: The franchisor does not require franchisees to participate personally as the center’s direct, “on-premises” operator or supervisor of operations.
How Much Does A UPS Store Franchise Cost?
The total investment amount to establish a UPS Store franchise ranges from $133,470-$566,585 including the company’s franchise fee that ranges from $9,950-$29,950 and excluding any land or lease costs. Once the store has been built and operations begin, franchisees are then expected to pay the parent company a royalty fee of 5% on gross sales, a National Advertising Fee of 2.5%, and an additional marketing fee of 1% in exchange for the marketing services provided by the franchisor. The franchisor is particularly looking for experienced candidates who are truly driven to own a UPS Store franchisee. Additionally, the minimum net worth required to own a UPS Store franchise is $150,000 and the applicant must have liquid assets totaling at least $60,000.
What is a franchise business?
A franchise is when a business (franchisor) allows a party (franchisee) to acquire its know-how, procedures, processes, trademarks, intellectual property, use of its business model, brand and rights to sell its products and services.
Where is UPS located?
Today, The UPS Store has over 5,000 stores across Canada, Puerto Rico and the United States. Additionally, it is currently headquartered in San Diego, California and is led by its President, Tim Davis, who has been serving the company since early 2002.
Is it a good idea to invest in an UPS store?
Investing in a UPS Store franchise is an attractive opportunity, especially for individuals who carry a business background and have former work experience . The Mailing and Shipping Services industry is always a safe investment as there’s always room for expansion, especially seeing their ultimate goal is to merge and make cities, countries and families closer to each other! That said, if you are an individual with previous business management experience and are willing to invest an amount ranging from $133,470-$566,585 or more, UPS Store is the right franchise for you!
Why The UPS Store
You can be your own boss with The UPS Store while building on the foundation of a nationally recognized and award‐winning brand that offers in‐depth training and proven support systems.
Starting A Franchise
You’re not going into business alone. You’re building one with support and resources from an iconic, globally‐recognized name brand, and over 40 years of industry experience. Plus, we are here to guide you through your journey from the very start.
Available Markets
Your dream of business ownership may be closer than you think. Find a franchised opportunity near you.
What is the thing I love about the UPS franchise?
The thing I love about the franchise is that you have the UPS name backing you but yet you also have the autonomy to make your own decisions to promote.
What is the interesting thing about UPS?
The interesting thing about The UPS Store is that when a customer walks through the door there's an extremely high probability that they're coming there to do something that is important to them. So at the end of the day, what we do for customers is very important and they are trusting that we are going to do it well.
Is UPS ranked #1?
The UPS Store has been ranked #1 in the postal and business services category for over 30 years and remains in the top 5 overall for the fifth consecutive year according to the Franchise 500 list.
