The UPS Store: Is It STILL Making MONEY In 2024? ðĪ
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- āđāļāļĒāđāļāļĢāđāđāļĄāļ·āđāļ 31 āļ.āļ. 2024
- In this video, we leave no stone unturned as we delve into the world of the UPS Store ownership in 2023. If you've ever wondered what it takes to run a UPS Store, you're in for a treat, as we analyze all the crucial metrics that define the financial landscape of this business. Are you curious about the initial investment required to kickstart your UPS Store venture? We've got you covered! From franchise fees and equipment expenses to lease costs and staff salaries, we meticulously break down all the financial aspects you need to consider before taking the plunge. Running a business is all about profitability, and we're here to shed light on the potential earnings a UPS Store can generate. Location is key when it comes to any retail business, and the UPS Store is no exception. We discuss the significance of choosing the right location and share insights into the impact it can have on your business's success. Don't forget to subscribe to our channel and hit the notification bell, so you won't miss any of our future in-depth business reviews and analysis!
UPS Store 2023 Franchise Disclosure Document:
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00:00 Introduction
00:15 About the UPS Store
01:14 Liquid Assets, Initial Franchise Fee & Investment
01:48 POS System & AVG Gross Sales
02:29 Selling Price
03:13 Locations
03:26 Conclusion
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People need to really look into this closely before commiting! The store might make $$$$$$ but again at the end of the day HOW MUCH $$ do you take home?
Thanks for the comment! Talking from experience with the brand or in general?
in my area, there are 2 stores that do over $1,000,000 in reported gross store revenues, I get the data from a subscribed database. I willpost here what the top grossing UPS stores are in the entire USA as soon as I pull it, if anyone is interested.
Any update?
definitely interested. better yet, could you share how to get access to such database?
Great insights!
My understanding is that UPS corporate has the right to poach business customers from its franchise locations. Because they have all the shipping data, they contact frequent shippers directly and offer to serve them with a UPS driver instead of going to the UPS store. In essence, the franchisor steals the best shipping customers from its own franchisees.
Wow, great insights! Any idea if that is in the FDD or the operations manuel?
it has been like that from the beginning!
This is correct.
There are over 13 UPS Store franchises that are doing OVER 2.5 million a year, in the whole US, the 3 biggest grossing (Over $8 millions) locations are in Punta Gorda, FL - Atlanta, GA and Milan, IA
$8 million is nuts!!!
What are the stores that generated the multiples you spoke about towards the end? Thank you
The data has been anonymized but I should have the state atleast
@@Vettedbiz I donât follow
@@SonnySinghGlobal We pulled the transactions from different sources including a data provider that report on small business and franchise sales. They include what the SDE and EBITDA was for each transaction.
Are you seeing something different on your end?
@@Vettedbiz makes sense, but where are these listed? The video covers ups but not the better franchise mentioned at the end.
UPS URFAN parcel service
$130k x 3= $390k not $490k
Thanks for catching my mistake.
$390k
really have you been watching the news lately
I debated adding in the strike information. I don't think it will have a long term impact on the franchise business
@@Vettedbizgood call, they gave workers a raise and strike was called off
@@Kelvin_-qs3uz Thank God for the workers, owners and us (the consumers)
@@Vettedbizpay raises will just be passed on to the consumers so ok ð
@@alphawolfadventures1470 you're right ð
UPS Stores might not make it in the long run. Mailbox rentals that were $100 to $200 a year have suddenly jumped to $300 to $450 a year. If that's how they plan to keep the doors open, forget it. No one is going to pay that.
Thanks for the comment! Is this from your experience?
@@Vettedbiz Yes, I have used UPS stores for several years. I used to renew for three or four years at a time, now they only offer three month, six month, and one year rentals. A medium box I use went from $98 to $130 to $220 to $380 this year. This will be the last year.
@@getplaning Sad to hear it! Thanks for sharing, though!