The total investment required to operate as a franchise would be $153.95k to $29.95k, an ongoing royalty fee of 5 years and a 10 years renewable agreement. The renewal fee is 25% of the current franchise fee. The net worth requirement to qualify as a franchisee would be $150k and the cash liquidity requirement would be $60k. You need to have general business requirements and computer skills. You need to have at least 3 to 5 employees to run a franchisee unit and absentee ownership of franchisee is allowed.
Training and support is available at headquarters for 2 weeks and at franchisee’s location for 2 weeks. Ongoing support includes newsletter meeting, grand opening, toll free phone line, internet, security/safety procedures, field operations and purchasing co-operatives. The marketing support offered to a franchisee includes co-op advertising, ad slicks, national media and general advertising. So if you are thinking of taking up a franchisee for UPS store, rest assured you would get excellent support and backing only ensure you have the needed requirements.
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