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@KeithLiscio-dr7db
Жыл бұрын
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.
@Vettedbiz
Жыл бұрын
Wow, great insights! Any idea if that is in the FDD or the operations manuel?
@joete3324
Жыл бұрын
it has been like that from the beginning!
@PratikChauhan-j8h
8 ай бұрын
This is correct.
@joete3324
Жыл бұрын
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?
@Vettedbiz
Жыл бұрын
Thanks for the comment! Talking from experience with the brand or in general?
@UrfanulTheekri
9 ай бұрын
UPS URFAN parcel service
@danao.2672
8 ай бұрын
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.
@aakina418
7 ай бұрын
Any update?
@regalia_usa
5 ай бұрын
definitely interested. better yet, could you share how to get access to such database?
@dimplegera3176
2 ай бұрын
Would love to hear. Thanks
@relentlessventures4951
Жыл бұрын
$130k x 3= $390k not $490k
@Vettedbiz
Жыл бұрын
Thanks for catching my mistake. $390k
@danao.2672
8 ай бұрын
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
@Vettedbiz
8 ай бұрын
$8 million is nuts!!!
@TomasTomas-sw1go
Жыл бұрын
Great insights!
@SonnySinghGlobal
11 ай бұрын
What are the stores that generated the multiples you spoke about towards the end? Thank you
@Vettedbiz
11 ай бұрын
The data has been anonymized but I should have the state atleast
@SonnySinghGlobal
11 ай бұрын
@@Vettedbiz I don’t follow
@Vettedbiz
11 ай бұрын
@@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?
@SonnySinghGlobal
11 ай бұрын
@@Vettedbiz makes sense, but where are these listed? The video covers ups but not the better franchise mentioned at the end.
@Kinglioncrown
Жыл бұрын
really have you been watching the news lately
@Vettedbiz
Жыл бұрын
I debated adding in the strike information. I don't think it will have a long term impact on the franchise business
@Kelvin_-qs3uz
Жыл бұрын
@@Vettedbizgood call, they gave workers a raise and strike was called off
@Vettedbiz
Жыл бұрын
@@Kelvin_-qs3uz Thank God for the workers, owners and us (the consumers)
@alphawolfadventures1470
Жыл бұрын
@@Vettedbizpay raises will just be passed on to the consumers so ok 😂
@Vettedbiz
Жыл бұрын
@@alphawolfadventures1470 you're right 😞
@getplaning
5 ай бұрын
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.
@Vettedbiz
5 ай бұрын
Thanks for the comment! Is this from your experience?
@getplaning
5 ай бұрын
@@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.
@Vettedbiz
5 ай бұрын
@@getplaning Sad to hear it! Thanks for sharing, though!
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