The facts about UPS franchise opportunities are easy to find. This is a fast-failing process: UPS company Mail Boxes Etc., Inc. (MBE) is the world’s largest retail, postal and commercial service center franchisee. The franchise brands UPSStore® and Mailboxes Etc. together form nearly 5,000 independent locations around the world, providing convenience and value-added business services to consumers, corporate road warriors and small / home offices. Office (SOHO) market.
When in doubt about the viability of UPS’s franchise capabilities, it’s also hard to get the facts. Although the Mailboxes Etc. concept was introduced in 1980 to replace the post office, the UPS Store franchise plan has recently been controversial. This is based on lawsuits from franchisees claiming their franchise rights. Is this a good franchise? Opportunity franchisees compete unfairly with their franchisees.
The price for success?
Perhaps the biggest problem for most people is the high start-up costs associated with franchising UPS. The numbers may vary depending on the city, state and country you are in … But if you are considering starting this business, here are some “rough numbers”.
Financial information about the “new UPS franchise”:
Initial Capital Required = $ 7,500
Total Investment Requirement = US $ 145,825 – US $ 247,047
MBE provides funding of up to US $ 50,000 for fixtures and equipment.
The franchise fee is $ 29,950.
The net worth requirement is a minimum of $ 150,000
A minimum of $ 50,000 in cash or current assets is required.
Ongoing royalties are 5%
Duration of the agreement: 10 years, renewable
Do you want to buy a job?
You may not own the UPS franchise, but remember that the number of employees the franchise must hire is 3 to 5, if you are not careful … you could soon become one of the employees and it will cost you It took countless hours to pass.
Some believe that profitability (pronounced “cash flow”) is a serious challenge for new UPS Store franchisees. One of the biggest problems in franchising is’ churn ‘which is described as’ when the original owner runs out of money to continue the business, the regular store is resold and the second or third owner has the option to start money to earn. ”
The facts about UPS franchise opportunities are everywhere, and if you are looking for these types of business opportunities, be extra careful. Do due diligence to find out all the facts about the franchise.