How profitable are UPS Stores?
UPS reported higher-than-expected first-quarter earnings, even as domestic volume declined for the second consecutive quarter, as its pricing strategy and focus on profitable business over volume continues to pay lucrative dividends during the ongoing ...
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).
Are UPS Stores independantly owned?
The UPS Store® locations are independently owned and operated by franchisees of The UPS Store, Inc. in the USA and by its master licensee and franchisees in Canada. Everyone needs a helping hand every now and then. Sign up for our email program today and enjoy 15% off your next online print purchase.
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.
What does a The UPS Store Franchise Cost?
The minimum liquid asset requirement (including investments and/or co-owners assets) is $75,000 in order to be considered for The UPS Store franchise. The initial asset requirement is from non-borrowed sources. There are different formats for The UPS Store franchise locations including Traditional, Main Street, and Non-Traditional (store-in-store). The investment costs for these types of locations vary. Qualifying veterans can receive $10,000 discount off the franchise fee.
Is UPS a minority owned business?
The UPS Store is proud to support and contribute to this growth in veteran-owned and minority-owned businesses. First time buyers of a new The UPS Store® who are veterans of the U.S. armed forces or who are minorities may be eligible for a discount off the franchise fee.
How many locations does UPS have?
Having helped thousands of first-time business owners just like you during our 40 years of experience in the franchise industry, and with more than 5,000 locations across the U.S., The UPS Store is your trusted source for everything you need to know about owning a franchise. Count on the superior support and training of The UPS Store to get you started towards opening a franchise and channeling your dreams of entrepreneurship like never before! With The UPS Store you’re in business for yourself, not by yourself – and we’re here to help every step of the way.
When did UPS start?
The UPS Store concept was introduced in 1980 as Mail Boxes Etc., designed to be a convenient alternative to the post office. In 2001, UPS acquired Mail Boxes Etc. Inc, and in 2003, the two companies introduced The UPS Store brand.
What are the benefits of franchise?
The UPS Store franchise benefits include: 1 Brand Strength – The UPS Store is recognized as a top retail brand by The Business Journals’ American Brand Excellence Awards and has been ranked #1 in the business services industry for 30 consecutive years by Entrepreneur Magazine’s Franchise 500. 2 National Advertising and Marketing - Our national advertising campaigns build brand awareness while regional efforts and local store marketing build excitement in your neighborhood. 3 World-Class Training – As part of our training program, new franchisees spend a total of ten days at The UPS Store University at our corporate campus in San Diego. 4 Dedicated Support and Tools – The UPS Store is committed to providing you the tools and support to operate and grow your business. 5 Corporate Retail Solutions – We work with major UPS customers and other national brands to bring shipping and printing business to our franchise locations. 6 Multi-Unit Opportunities - Approximately 52% of our franchisee network owns more than one center. For qualified franchisees, we may offer reduced franchise fees and specialized training to help you expand.
What is franchise fee?
What you need to know: Found in Item 5 of the FDD, this may be a flat fee, or may vary based on territory size, experience, or other factors.The franchise fee is an up-front (one-time) cost that a new franchisee pays to the franchisor.
What is corporate retail solutions?
Corporate Retail Solutions – We work with major UPS customers and other national brands to bring shipping and printing business to our franchise locations.
How long is a franchise agreement?
10 years. Definition: The length of time your franchise agreement will last. What you need to know: Franchise terms are typically anywhere from 5 to 20 years in length, but are sometimes instead dependent on factors such as the term of your lease.
Where is UPS training?
World-Class Training – As part of our training program, new franchisees spend a total of ten days at The UPS Store University at our corporate campus in San Diego.
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.
