Basics of a UPS Store Franchise
If you’re thinking about buying a UPS Store franchise, there are many things to consider before signing on the dotted line. Becoming a UPS Store franchisee is not a guarantee of success, but rather a blueprint that can assist you in achieving success. Given the correct market conditions, skills and dedication, being a UPS Store franchisee might be financially rewarding.
Owning a UPS Store franchise is a serious commitment and works best when you make a thoughtful, educated decision.
- Just because you love UPS Store’s products or services doesn’t mean that you will be able to successfully operate a UPS Store franchise.
- Being emotionally attached to the idea of becoming a UPS Store franchisee is not a state of mind in which you can effectively evaluate an opportunity.
- Your positive experience as a customer of UPS Store should not form the basis for deciding to become a franchisee.
As an example, just because you love Big Macs doesn’t mean that you should become a McDonald’s franchisee.
Are you looking for some free resources to help you determine if a UPS Store franchise is for you?
UPS Store Due Diligence
You must conduct smart due diligence and determine from a business perspective whether owning a UPS Store franchise is right for you.
If you truly want own a UPS Store franchise, get all the information you can from UPS Store and secure a qualified advisor who has experience helping people like you purchase franchises.
You may also want find that gaining a better understanding of the terms related to franchising would be helpful. If so, you may want to visit A Glossary of Franchise Terms.
Make sure that owning a UPS Store franchise fits in with both your skills and life style objectives. If you don’t want to work evening and weekends, don’t purchase an ice cream shop. If you’re an introvert, don’t buy a franchisee that requires you to be extroverted.
Are you interested in more questions to ask UPS Store franchisor, UPS Store franchisee, or even yourself? Get to know the terms.
UPS Store Franchise Disclosure Document
Carefully read the UPS Store Franchise DisclosureDocument (Also known as an FDD). They can be intimidating.
As you are reviewing UPS Store’s Franchise Disclosure Document you will have a number of calls with UPS Store’s franchise team before you will be allowed to call UPS Store franchisees.
When you are allowed to call UPS Store franchisees make sure you speak to at least five to eight franchisees. You will find that most UPS Store franchisees will be honest and unbiased about UPS Store. If you would like more information on how to dissect a UPS Store FDD consider the following resources:
Does a UPS Store Franchise Make Money?
A critical part of your due diligence is to build an estimated P&L (profit and loss statement) and see what the numbers might look like if you become a UPS Store franchisee. Reading Chapter 13 of The Educated Franchise teaches you the secrets of this key step.
The decision making tools in Chapter 15 of The Educated Franchise and in Step 13 of The Franchisee Workbook shows you how to honestly evaluate whether or not buying a UPS Store franchise is the right move for you.
If you’re serious about becoming a UPS Store all franchisee and want to explore owning a UPS Store franchise, take the best first step you can and grab your copy of The Educated Franchise today!