The UPS Store / Mail Boxes Etc. Franchises
When it comes to getting a great franchise business opportunity, owning one of The UPS Stores / Mail Boxes Etc. stores, may be just what you are looking for.
Entrepreneur.com rates this franchise business opportunity as number eight in its long list. It was also ranked number one in the Vet-Fran program.
The Mail Boxes Etc. stores first opened their doors in 1980, in Carlsbad, CA. Its purpose was to provide an alternative to the U.S. Postal Service. It offers shipping, packaging, copying services, and more. Twenty-one years later, in 2001, it became a subsidiary of UPS, and began to operate under the name of The UPS Store in 2003.
The various UPS Stores are now located in more than 40 countries. This growth has enabled it to become a success in many places, and each franchisee enjoys a protected territory. In addition to that benefit, the franchisee is also permitted to maintain a hands-off practice, and can have more than one store.
Franchisees are given training at their store location, and at the California headquarters in San Diego. The in-store training is a two-week training program, and then this is followed with an 8-day program at HQ. After the training, ongoing support is available which includes store visits, evaluations, and more. Marketing help is also given, as well as help in choosing the location of the store.
In order to get started into this business opportunity, the franchisee will need to have a net worth of $150,000. There is also a requirement of cash liquidity in the amount of at least $60,000.
The franchise store owner will need to pay a franchise fee of $29,950 for the first store. This amount is reduced to $19,950 for any subsequent stores. The UPS Store will also help with financing for those who qualify. This is for equipment and fixtures and may go up to $50,000. They also have relationships with some lenders – including some associated with the SBA. Altogether, the total cost needed to open a store will range from $155,000 to about $295,000.
The UPS Store also charges a monthly royalty fee of about 8.5% of gross sales and commissions. This figure includes a percentage for marketing – locally and nationally.
The UPS Store / Mail Boxes Etc. franchise provides you with an excellent business opportunity. You do not even need to be there because it is not a hands-on business. Up to 33% of current franchisees own more than one The UPS Store. Why not visit the website of The UPS Store and see if there is a franchise business opportunity location available near you now? Don’t forget that there are also international possibilities, too.