I saw an ad in a montreal newspaper, apparently the minimum investment is 80K to 100K. But I am not sure if that included rent for your store or what. it seemes like the franchise department helped you find locations or had locations in mind for you.
Of course montreal is a big city so I am sure there would be several viable locations.
from UPS email:
Depending on size and location, the investment range for a The UPS Store will be between $140,000 to $170,000 plus working capital. Bank financing options are available. A minimum cash investment from $80,000 to $100,000 is required in order to be considered for franchise ownership.
Depending on size and location, the investment range for a The UPS Store will be between $140,000 to $170,000 plus working capital. Bank financing options are available. A minimum cash investment from $80,000 to $100,000 is required in order to be considered for franchise ownership.
Roosevelt Colvin of the New England Patriots...actually invested in a UPS store franchise a few years back, when his career was in jeopardy (hip injury).
I guess its pretty successful...his mom manages the day-day operations...and located in his home town of Indy.
I remember seeing an interview a few weeks back...and he said, that he was looking for a business to invest in...and the UPS store was the most appealing for risk/reward.
I guess its pretty successful...his mom manages the day-day operations...and located in his home town of Indy.
I remember seeing an interview a few weeks back...and he said, that he was looking for a business to invest in...and the UPS store was the most appealing for risk/reward.
No it doesn't. I have a friend that buys franchises, he says these are cash cows...expects to generate $500,000 to $600,000 K in gross sales, that's a suburban shopping center in San Diego area. Also not management intensive like a 7/11...you can actually trust your employees and people don't come into UPS to rip shit off
not only are there many tools at your disposal (as you mentioned), but if you are the owner of a UPS store, All I was trying to say it is a great business to own and still keep up with your hobby, as the business owner, there is no reason you cant stay online a good part of the day to "do your thing" especially if you have staff.
Im sure there are other businesses that would qualify also, but the UPS store seems exceptionally so.
he thinks they are great as far as franchises go. Franchise ownership is boatload of work. Thus, these are great because you can hire a pretty reliable person to run the show on site and pay them $35,000 G a year. You are still going to do your time to get the business running, but once you do you are golden....on to the next franchise.
My friend found out about this one because he knew the guy that was selling it...the guy owns three others and my friend is trying to buy those. He had to go to a training program with UPS. The stores do have territories and you can't just put one in a shopping center across the street from another one, but I'm sure UPS is all ears if a franchisee thinks there is an opportunity in a particular area.
