If you want to start an Ups Franchise professional career and are looking for a great way for open Ups Franchise, In this post, you will get details about how to sale, Cost, Fee, Opportunity, etc.
The UPS Store Centers are retail service organizations which offer mail and parcel accepting, bundling and dispatching administrations through different transporters and give a wide scope of other approved items and services, including legal official, printing, duplicating, office supplies and correspondences, (for example, fax) services.
Centers are focused on the necessities of organizations of all sizes, little office/home office laborers and occupied purchasers who are searching for timesaving services. Already franchise for Centers were conceded under the “Postboxes Etc.” trademark. The franchisor awards The UPS Store franchise for Centers to be worked at Traditional and Non-Traditional areas.
The franchisor additionally offers a refreshed Rural Program (to be promoted as the “Central avenue” Franchise Model) for Centers to be created and worked in a country territory or community/city network.
#1. Ups Franchise Opportunities
What are the ups franchise opportunities? Here at The UPS Store franchisee, we know direct how significant a sound work-life balance is. At the point when you become a proprietor of a The UPS Store, we assist you with finding the correct balance as you seek after your innovative yearnings and interesting individual and financial goals.
If you are ready to open your own adventure with The UPS Store, here’s a you can see at the franchising openings opportunities:
- Traditional Centers
- Rural Centers
- Non-traditional Locations
- Store-in-Store
- College Campuses
- Military Bases
- Veteran
- Retiree
- Minority
- Women
#2. Ups Franchise Cost
1. Ups franchise cost:
| Estimated Investment Cost | ||
| Name of Fee | Low | High |
| Initial Franchise Fee | $9,950 | $29,950 |
| Initial Marketing Plan Fee | $4,000 | $7,500 |
| ups franchise 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 (per person) | $3,000 | $4,000 |
| Site Rent and Security Deposit | $1,000 | $18,000 |
| Leasehold Improvements; Construction Costs; Signage; Furniture and Decor Items | $38,429 | $166,252 |
| Computer Hardware/Installation/Freight | $6,881 | $12,455 |
| Annual Technology Development and Support Fee | $1,440 | $1,548 |
| Software | $5,357 | $6,207 |
| Printers | $1,346 | $96,399 |
| Other Equipment | $8,925 | $27,940 |
| ups franchise Start-Up Supplies | $6,180 | $9,155 |
| Utility Deposits | $200 | $3,000 |
| Insurance | $1,000 | $5,000 |
| Additional Funds – 3 months | $40,000 | $70,000 |
| ESTIMATED TOTAL* | $138,433 | $470,031 |
Other Fee/Cost
| Type of Fee | Amount |
| Royalty | 5% of STR (STR includes all Gross Sales plus Gross Commissions from the Center, less Allowable Exclusions). |
| “The UPS Store” Marketing Fee’ | 1% of STR. |
| National Advertising Fee (NAF) | 2.5% of STR. |
| Advertising Co-op Dues | Varies from Co-op to Co-op. Range is $100-$500. |
| Annual Technology Development and Support Fee | $1,548 (new Center franchise and transfers); $1,440 (Rural Center); |
| $1,440 per Center if franchisees are purchasing their 2nd or greater franchise. | |
| ups franchise Transfer Fee | The current Transfer Fee is $5,000 (The franchisor may periodically increase this fee). |
| Processing Fee | The current Processing Fee is $4,000 if no Finder’s Fee is paid to the franchisor; $1,000 if a Finder’s Fee is paid. (The franchisor may periodically increase this fee). |
| Sales Fee | 25% of the then-current initial franchise fee. |
| Insurance | Amount of unpaid premiums. |
| Audit | Cost of audit ($475 minimum) plus 18% interest or the highest rate allowed by law on underpayment. In addition, the franchisee must pay a late fee of $25 per week. |
| Audit Non-Prepared Fee | $500 for type of document but no event greater than $2,500 per occurrence, and cost of audit. |
| Non-Transfer Ownership Change Fee | $500 |
| Incorporation Fee | $500 |
| Family Transfer Fee | $1,750 |
| Entity Name Change Fee | $500 |
| Indemnification | Will vary under circumstances. |
| Interest on Financing Offered by Franchisor | Financing of initial equipment: prime rate plus 4%. And for the second center: prime rate plus 2%. Financing for the TUPSS 2000 remodel of the Center: prime rate plus 1%. |
| Late Payment Fee | $35 per month or 10%, whichever is greater. |
| Equipment or Equipment Lease and Computer Hardware/Software Maintenance | Varies. |
| iShip Processing Fee | $0.22 per transaction. |
| Upgrade Review Fee | $500 |
| ups franchise Finder’s Fee | The greater of $11,980 or 10% of the Center’s sales price. |
| Finance Charges | Highest annual rate allowed under applicable law. |
| Design Fee | $660 or $1,075 (plus $250 in the event of a change). |
| Non-Compliance Fee | Currently $250, but the franchisor may charge up to $1,000. |
| Tax Reimbursement | Out-of-pocket cost reimbursement. |
| Customer Concern Reimbursement | Out-of-pocket cost reimbursement. |
#3. Ups Franchise For Sale
If you’re Planned The UPS Store proprietors follow a straightforward four-advance procedure to get approved ups franchise for sale:
- Step 1: Inquiry
- Step 2: Application
- Step 3: Funding
- Step 4: Booking