Is UPS Store a good franchise opportunity?

Number 1 in its category – Voted the #1 franchise in its category for 19 consecutive years by Entrepreneur Magazine’s Franchise 500. High Ranking Overall – Entrepreneur Magazine also lists The UPS Store as # 17 over in its ranking of the Top 500 Franchises.

Is The UPS Store a good investment?

As with all franchise opportunities, there is no guarantee of success. It has been reported by The Balance, that it takes a UPS Store franchise “$365,000 in annual gross sales” for a franchise owner to yield a “$35,000 a year income.” The same report states that “about 60\% of all US stores do not break even.”

How much does a UPS Store franchise owner make?

The average salary for an Owner is $75,970 per year in United States, which is 70\% higher than the average The UPS Store salary of $44,611 per year for this job.

How do UPS franchises make money?

Franchises usually have more up front cost than starting your own independent business. Plus there are ongoing royalties that have to be paid to the franchisor. In the case of the UPS Store the royalties (comprised of both the standard 8.5\% fee and another 2.5\% for ad royalties) add up to 11\% of your revenue.

Is UPS Store business profitable?

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.

Is The UPS Store a franchise?

Name recognition: The UPS Store has been in the franchising game for over four decades now and has a substantial footprint of more than 4,800 franchise locations.

How does a UPS franchise make money?

What are your goals and objectives for franchise ownership?

They need the system to grow, prosper, make profits, and achieve a solid return on investment at every level, and to achieve that they design their systems so that franchisees can easily execute to their brand standards. If they do that well, franchisees can make money, stay in business, expand, and pay fees.

How much do ups franchise cost?

Financial Requirements and How Much It Cost to Open a UPS Franchise Initial Franchise Fee: $9,950 – $29,950 Initial Marketing Plan Fee: $4,000 – $7,500 Design Fee: $1,075 – $1,075 Center Development Fee: $5,000 – $5,000 Initial Training Fees: $4,650 – $6,550 Travel and Living Expenses While Training

Is ups franchise profitable?

When most people think of The UPS Store, the first thing that comes to mind is shipping packages via UPS. But in order to have a profitable UPS Store franchise, it’s absolutely critical for the franchisee to develop and grow other profit centers as well, in particular mailbox, notary, photocopy, and packaging services.

What are the requirements to open a franchise?

Applicants must be at least 21 years of age to be eligible to become a franchisee for 7-Eleven. In addition to an age requirement, 7-Eleven prefers that their franchisees have retail, management or customer service experience with a company within the United States.

Where is the UPS Store located?

UPS Store Locations. UPS store is present in more than 4000 locations in the United States of America as well as all over the world. its headquarter is located in the San Diego, California, USA. The franchise locations of the UPS store provide the business services as well as SOHO(small -office or home-office) marketing etc.