Comments on: Is The UPS Store a Good Franchise Opportunity?

By: My Blog » Blog Archive » Is The UPS Store a Good Franchise Opportunity?

Sun, 20 Sep 2009 22:06:02 +0000

[...] 263 Comments // [...]

By: Z

Sun, 16 Aug 2009 01:26:07 +0000

Looking to purchase a UPS Store for resale in biz since 6 years.

Sales Close to 300 K

What price is right? I am in IT should i quit my career and go in this business?

Thanks.

By: The UPS Store on Unhappy Franchisee | Unhappy Franchisee

The UPS Store on Unhappy Franchisee | Unhappy Franchisee — Mon, 10 Aug 2009 19:24:03 +0000

[...] Is The UPS Store a Good Franchise Opportunity? (260 comments) THE UPS STORE Franchisees: Drop-Offs Can Drop Dead Franchise Owners Say Opening a UPS Store Franchise is a “Bad Financial Decision” The UPS Store: Fan Mail From Some Flounder(ers) THE UPS STORE: Overview The UPS Store Franchise: This Dog Won’t Hunt! The UPS Store Franchise: Follow the System and Succeed! UPS Store Franchise Owner Says You’d Succeed If You’d Stop Whining The UPS Store Franchise Owner’s Lawsuit Certified as Class Action Franchise Owners Say Opening a UPS Store Franchise is a “Bad Financial Decision” UPS Store Franchise Dream Ends in a Florida Trailer Park The UPS Store PLUS The eBay Drop-Off Store Equals…? Is UPS Cheating its Customers, Franchisees… and YOU? Owners call the UPS Store Franchise “Indentured Servitude,” and “A Nightmare” [...]

By: THE UPS STORE Franchise: Recent Comments : Franchise Pick - Picking the Perfect Franchise

Mon, 10 Aug 2009 19:14:39 +0000

[...] Leave a Comment // Are you considering investing in a The UPS Store franchise? [...]

By: Carol Cross

Carol Cross — Tue, 09 Jun 2009 21:48:53 +0000

I would:

1) Make sure the deposit is refundable.
2) Have an accountant analyze the financials
3) Reconcile the finanacials with actual copies of all of payments to:
a. MBE (royalties, advertising, etc.)
b. UPS for Shipping

By: shak

shak — Tue, 09 Jun 2009 19:58:27 +0000

thanks for reply, carol. Please comment further.

Here is the crosssection of the store:

Seller’s Asking Price: $55,000.00 ( Plus Buyers Fees )

•Opened: June 1, 1998
•Lease goes to: May 31, 2013
•Option(s) to renew: One for 5 years
•Adjusted Gross Sales:
2006 $352,051
2007 $344,241
2008 $302,764

Fees: (In Addition to the Asking Price)

•MBE Transfer Fee – (Buyer) $ 5,000.00
•Escrow Fees (1/2 Buyer & Seller) $ 2,000.00 (est.)
•MBE Processing Fee(Seller) $ 4,000.00
•In Center Training Fee(Buyer) $ 2,000.00
•MBE Training in San Diego – (Buyer) $ 2,500.00 (+ food & lodging)
Additional Person $1,250.00
•Sales Tax on Fixtures & Equipment(Buyer) $2,000.00 (est.)
•Fee to bring Center to 10 years on Franchise(Buyer) $ 750.00 (est.)

Total Buyers Fees $13,250.00 (In addition to the Asking Price)
Total Sellers Fees $ 5,000.00

MBE Required Upgrades

•Fixtures & Equipment Completed March 2009

Monthly Fixed Costs Include:

•Space Lease $3,885.00
•CAM (Bldg Maintenance) $ 970.00
•Insurance $ 229.00
•Phone (+Yellow Pages) $ 288.00
•Copier Lease $ 386.00
•Employee Salaries $ 2,800.00
•Payroll Taxes $ 900.00
•Utilities $ 300.00
•Ad Association Dues $ 250.00

Note: P&L”s are available on this Center upon the completion of the Buyers Application.

After a purchase contract is signed, a Letter of Intent and a $15,000.00 Deposit must be sent to MBE along with the Buyers Application in order for the buyer to be approved by the Home Office of the UPS Store. The deposit is returned if the buyer is not approved.

Buyer assumes the Leases on the Copy Machines

By: Carol Cross

Carol Cross — Tue, 09 Jun 2009 16:35:01 +0000

Unbelievable that you could buy a UPS Store for $55,000 when it costs a NEW franchisee $275,000 to $350,000 to build a new store and to try to bring it to breakeven status —-but is it a good deal for you? What kind of return will there be for you? Will you be the manager and how much will you make for the six-day-a-week, 11-hour days? Are you buying from the first owner or is this a resale of a resale unit? Why is the owner selling?

Make sure you actually SEE the Business Tax Return of the Seller to confirm that gross was $300,000.00 and be sure to canvass the neighborhood and see where your competition is now, or where it may be in the future if this is an old neighborhood and new commercial space is being constructed, etc…

Good Luck to You.

By: shak

shak — Mon, 08 Jun 2009 21:18:38 +0000

I am planning to buy in a UPS store in Monetery Bay california. Current owner is asking for $55,000.00 for the sotre. In 2008, the store grossed $300,000.00. Currently, there are 1 manager and 2 part time worker employed. Franchise fee is 8.5 % . I have never been to any kind of business before. Is this a good deal ??? What should I investigate before investing ??? Help needed . Thanks!

By: prospect of UPS store

prospect of UPS store — Mon, 08 Jun 2009 04:56:34 +0000

how much is he asking?… what area?…. basically u buy a job.

By: prospect of UPS store

prospect of UPS store — Mon, 08 Jun 2009 04:54:16 +0000

It is around dayton area. Yeah I am complaining about it..thats true!, but I need to do something, i have no job and i want to atleast take care of my expenses. i know there won’t be much growth, but what else is out there that is consistent and has good store hours and is somewhat of a nice clean business. I was thinking of gas station, but its dirty, long odd hours penny business. About the litigations, i don’t care that much. local owners I talked to, don’t really care that much and just say that focus on ur business and sales. i mean i am not looking to strike rich, but u know just have a decent honest simple clean living. don’t have to worry about getting laid off and crap. Advise please??