San Diego, CA 92121, The UPS Store offers in-house financing to cover the following: startup costs, equipment, inventory, The UPS Store has relationships with third-party sources which offer financing to cover the following: franchise fee, startup costs, equipment, inventory, $10,000 off franchise fee, including 50% off initial application fee. The UPS Store is a locally owned franchise offering a range of products and services designed specifically to help and support small business owners in the local community. In fact, even years after we decided that owning a UPS Store was not in our best interest (for specific reasons I’ll explain below), I found, Entrepreneur.com ranked it #4 on its franchise 500 list, Buying an Existing Store Versus Opening a New Territory, Interviews with UPS Store Franchise Owners, Likely the most egregious issue for me was this directive from those who provided revenue support to him. 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. Why contact the webmaster? The UPS Store locations provide packaging, shipping, copy and print services, mailbox services, computer time rentals and more for small businesses and individuals. If you have the skills required to run a UPS Store business, you should also be qualified to fulfill a job that makes at least $60k annually and should likely be able to find something closer to six digits. Service providers can analyze an ownership portfolio to: Find prospect owners with multiple properties that need servicing. Copyright © 2020 Entrepreneur Media, Inc. All rights reserved. In summary, based on what I learned and observed going through the process. You might also be interested in a few of the resources I used to do research on UPS Store franchising, including an article from Balance SMB that evaluates pros and cons of a UPS Store franchise, an Amazon seller forum thread where the question is asked about whether buying a UPS Store to get discounted shipping rates (the same reasoning I used) is recommended, and a video review posted in 2018 by Franchise City, UPS Store owner reviews on Glassdoor.com, and a post about how much UPS Store franchises make on UnhappyFranchisee.com. Add alert for UPS Ticker: UPS; CUSIP Number: 911312106; Top investors of United Parcel Service stock . The UPS Store requires that all prospective franchisees be able to verify a minimum of $60,000 to $100,000 in liquid assets, but meeting this requirement does not guarantee the awarding of a franchise. At the end of one month, as we were reviewing expenses and trying to figure out how to cut costs, we decided to pursue becoming owners of a UPS Store franchise. 6060 Cornerstone Ct. W. There are lots of different ways to calculate ROI that would tell you that’s not a good idea. The UPS Storecontinues to receive high marks and has been ranked #1 in the postal and business services category for 29 years, while simultaneously remaining in the top five for a third year. The one located around the corner isn’t for sale. They would later find that UPS had contacted these customers and set up shipping accounts directly with them, which meant that instead of making decent margins each time they came in to ship a few packages, their revenue potential was reduced to something around $1 for handling each package and passing it on to UPS for shipping. Reimbursed Notary Certification training. Choose Register.com for … One of them tried his best to be loyal to the UPS Store while still being objective about what I’d be facing as a new franchise owner. Im hopping to have a better way if clarifying other than walking into the store and asking who owns the business, … However, you can use the online locatorto find all The UPS Store locations in a city, province, and postal code. Find a domain owner. Find other investors with similar portfolios to their own. Regulations about signage, where to buy supplies, and other restrictions made him feel like he couldn’t lower his costs or find creative ways to increase his margins. With 4,600 independently owned locations, even the brown color of the UPS trucks have become more than a … You can learn a lot from those, but I also recommend finding others to talk to, ones who are not poster children for the franchise. Instead of being salesy at all, the couple came across unequivocally with a demeanor that said, “You don’t want this!” After the meeting I discussed with my wife how it seemed like they were trying to tell us to spare ourselves from the mistake they’d made. Find out if a person owns property by using his first and last name. Products and returns. In this and many other situations I’ve seen with people attempting to purchase franchises, there is too often a lack of looking at the situation objectively along with not comparing it to alternatives. UPS tracking numbers appear in the following formats: 1Z XXX XXX YY ZZZZ ZZZC(e.g. To make matters worse, says “Former Store Owner,” their namesake shipper competes directly with franchisees by encouraging consumers to print out their own labels from home and simply drop off their packages at The UPS Store. You’d be insane to start a UPS Store now or buy a store that doesn’t gross AT LEAST 500k not relying solely only on shipping. Franchisees of The UPS Store are entitled to numerous products and services such as Shipping and Packing, Mailbox and Postal Services, Copying, Finishing & Printing, Packaging, and Moving Supplies, and Business Services that include fax, notary, and office supplies. Plus there are ongoing royalties that have to be paid to the franchisor. Did the financials satisfy you? These include: By calling UPS at 1 (800) 742-5877.