The UPS Store: Is It STILL Making MONEY In 2024? 🤔

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  • Опубликовано: 23 дек 2024

Комментарии • 36

  • @Vettedbiz
    @Vettedbiz  8 месяцев назад

    If you want to learn more about opportunities for this and new franchises, you can do it by filling out this form: www.vettedbiz.com/franchise-specialist/

  • @joete3324
    @joete3324 Год назад +11

    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
      @Vettedbiz  Год назад +1

      Thanks for the comment! Talking from experience with the brand or in general?

  • @danao.2672
    @danao.2672 11 месяцев назад +6

    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
      @aakina418 10 месяцев назад

      Any update?

    • @regalia_usa
      @regalia_usa 8 месяцев назад +1

      definitely interested. better yet, could you share how to get access to such database?

    • @dimplegera3176
      @dimplegera3176 4 месяца назад

      Would love to hear. Thanks

    • @simsodhi9069
      @simsodhi9069 22 дня назад

      Can we connect please

  • @SonnySinghGlobal
    @SonnySinghGlobal Год назад +2

    What are the stores that generated the multiples you spoke about towards the end? Thank you

    • @Vettedbiz
      @Vettedbiz  Год назад

      The data has been anonymized but I should have the state atleast

    • @SonnySinghGlobal
      @SonnySinghGlobal Год назад

      @@Vettedbiz I don’t follow

    • @Vettedbiz
      @Vettedbiz  Год назад

      @@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
      @SonnySinghGlobal Год назад +1

      @@Vettedbiz makes sense, but where are these listed? The video covers ups but not the better franchise mentioned at the end.

  • @danao.2672
    @danao.2672 11 месяцев назад +1

    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
      @Vettedbiz  11 месяцев назад +1

      $8 million is nuts!!!

  • @TomasTomas-sw1go
    @TomasTomas-sw1go Год назад +3

    Great insights!

  • @tw2800
    @tw2800 Месяц назад

    What is the average profit?

  • @KeithLiscio-dr7db
    @KeithLiscio-dr7db Год назад +9

    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
      @Vettedbiz  Год назад +1

      Wow, great insights! Any idea if that is in the FDD or the operations manuel?

    • @joete3324
      @joete3324 Год назад

      it has been like that from the beginning!

    • @PratikChauhan-j8h
      @PratikChauhan-j8h 10 месяцев назад

      This is correct.

  • @Kinglioncrown
    @Kinglioncrown Год назад +2

    really have you been watching the news lately

    • @Vettedbiz
      @Vettedbiz  Год назад

      I debated adding in the strike information. I don't think it will have a long term impact on the franchise business

    • @Kelvin_-qs3uz
      @Kelvin_-qs3uz Год назад +2

      @@Vettedbizgood call, they gave workers a raise and strike was called off

    • @Vettedbiz
      @Vettedbiz  Год назад

      @@Kelvin_-qs3uz Thank God for the workers, owners and us (the consumers)

    • @alphawolfadventures1470
      @alphawolfadventures1470 Год назад +1

      @@Vettedbizpay raises will just be passed on to the consumers so ok 😂

    • @Vettedbiz
      @Vettedbiz  Год назад

      @@alphawolfadventures1470 you're right 😞

  • @UrfanulTheekri
    @UrfanulTheekri Год назад

    UPS URFAN parcel service

  • @relentlessventures4951
    @relentlessventures4951 Год назад +4

    $130k x 3= $390k not $490k

    • @Vettedbiz
      @Vettedbiz  Год назад +1

      Thanks for catching my mistake.
      $390k

  • @getplaning
    @getplaning 8 месяцев назад +3

    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
      @Vettedbiz  8 месяцев назад

      Thanks for the comment! Is this from your experience?

    • @getplaning
      @getplaning 8 месяцев назад +1

      @@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
      @Vettedbiz  8 месяцев назад

      @@getplaning Sad to hear it! Thanks for sharing, though!