- 2023 Franchise 500 Rank
N/R Not ranked last year
- Initial investment
$196K - $276K
- Units as of 2022
21 4% over 3 years
With the world becoming increasingly interconnected, there may never be a better time to enter the shipping and mailing industry. Parcel Plus strives to understand the value of packages and how to get them from any corner of the world, straight to the client's doorstep. Safety and timeliness are their shipping goals.
Founded in 1986, Parcel Plus is a provider of packaging and shipping solutions. With the attitude that no parcel is too big or small, Parcel Plus believes it is a solid partner to big and small businesses that can rely on them to deliver on their promise.
Customers have stated that they love how they can personalize their shipping preferences with Parcel Plus' partners, including UPS, FedEx, and DHL, among others.
Since beginning to franchise in 1988, Parcel Plus has opened several locations throughout the United States.
Why You May Want To Start A Parcel Plus Franchise
With the flexibility of a well-connected shipping franchise, Parcel Plus may be anywhere customers are. Customers can always get their valuables carefully packaged, shipped, and scheduled to arrive at the specified address on time.
Besides shipping, Parcel Plus believes they are pros at creating business cards, printing, scanning, and shredding, among other services that customers may not have the time to complete on their own. The reach of the brand and its varied service range could highlight the potential for success that a Parcel Plus franchise may have.
The packaging and shipping industry is mature, but experienced brands like Parcel Plus still command respect even with increasing competition. Opening a Parcel Plus franchise could offer a more predictable outcome than investing in a completely new and inexperienced brand that may struggle to thrive. Parcel Plus also gives exclusive territories with their units to help franchisees succeed.
What Might Make A Parcel Plus Franchise A Good Choice?
Parcel Plus believes it has become a valuable business partner to big and small market players alike, who may love it for its expertise in shipping and packaging. Being a turnkey franchise with a fairly low overhead in a huge industry, Parcel Plus may be in an excellent position to succeed.
To be part of the Parcel Plus team, you should make sure you're financially ready for an initial investment made up of a franchise fee and other startup costs. In addition, you should prepare yourself for ongoing fees that will include advertising, royalty, and potential renewal fees. Franchisees will also need to meet the company's set net worth and liquid capital requirements.
How To Open A Parcel Plus Franchise
Before making any financial commitment or signing an agreement, you must perform your due diligence and establish if this is the right opportunity for you. As part of your due diligence, you may want to speak to existing franchisees and ask the Parcel Plus franchising team your questions.
If awarded a franchise, franchisees may receive support from the Parcel Plus team throughout the franchising process. In addition to pre-opening training, franchisees could receive support through brand awareness, marketing, research, and construction. They also may receive hands-on training and continued support after their units are operational.
About Parcel Plus
|Franchising Since||1988 (35 years)|
|# of employees at HQ||42|
This company is offering new franchisees throughout the US.
This company is offering new franchisees worldwide.
|# of Units||21 (as of 2022)|
Information for Franchisees
Here's what you need to know if you're interested in opening a Parcel Plus franchise.
Financial Requirements & Ongoing Fees
Here's what you can expect to spend to start the business and what ongoing fees the franchisor charges throughout the life of the business.
Initial Franchise Fee
Definition: The initial fee paid to a franchisor to join their system
What you need to know: Found in Item 5 of the FDD, this may be a flat fee, or may vary based on territory size, experience, or other factors.The franchise fee is an up-front (one-time) cost that a new franchisee pays to the franchisor. This fee is usually due at the signing of the franchise agreement and covers the right to use the franchisor's trademarks, name, and related business systems.
Definition: The total amount necessary to begin operation of the franchise
What you need to know: The initial investment includes the franchise fee, along with other startup expenses such as real estate, equipment, supplies, business licenses, and working capital. This is outlined in a chart in Item 7 of the FDD, showing a range of possible costs from low to high.
|$196,000 - $275,950|
Net Worth Requirement
Definition: The minimum net worth you must have in order to qualify to become a franchisee of this company
What you need to know: Net worth is the value of a person's assets minus liabilities. Assets include cash, stocks, retirement accounts, and real estate. Liabilities include items like mortgages, car payments, and credit card debt.
Definition: The minimum liquid capital you must have available in order to qualify to become a franchisee of this company.
Definition: A discount or other incentive offered to military veterans who buy a franchise with this company.
|20% off franchise fee|
Definition: A ongoing fee paid to the franchisor on a regular basis.
What you need to know: Most franchisors require franchisees to pay an ongoing royalty fee, which is detailed in Item 6 of the FDD. This fee is typically a percentage of weekly or monthly gross sales, but may also be a flat weekly, monthly, or annual fee.
Ad Royalty Fee
Definition: An going fee paid to the franchisor on a regular basis to support advertising or marketing efforts.
What you need to know: This may also be called advertising fee, marketing fee, brand fund fee, and more, but the basic purpose is the same-- to support promotion of the brand systemwide. As with the royalty fee, it is detailed in Item 6 of the FDD, and can be a percentage of weekly or monthly gross sales or a weekly, monthly, or annual fee.
Term of Agreement
Definition: The length of time your franchise agreement will last.
What you need to know: Franchise terms are typically anywhere from 5 to 20 years in length, but are sometimes instead dependent on factors such as the term of your lease. Once your term is up, you may have the option to renew your agreement, typically for a smaller fee than the original franchise fee.
|Is franchise term renewable?||Yes|
Some franchisors offer in-house financing, while others have relationships with third-party financing sources to which they refer qualified franchisees.
|Third Party Financing||Parcel Plus has relationships with third-party sources which offer financing to cover the following: franchise fee, startup costs, equipment, inventory|
Training & Support Offered
Franchisors offer initial training programs and a variety of ongoing support options to help franchisees run their businesses.
|On-The-Job Training||32 hours|
|Classroom Training||72 hours|
Meetings & Conventions
Franchisee Intranet Platform
Additional details about running this franchise.
|Is absentee ownership allowed?||Yes|
Can this franchise be run from home/mobile unit?
Definition: The business can be run from your home and/or a vehicle, and it is not necessary to have a retail facility, office space, or warehouse.
Can this franchise be run part time?
Definition: This business can be run by the owner on a part-time basis (less than 40 hours per week) and/or as a side business; it is not necessary for the business to be open/run full-time.
|# of employees required to run||3|
Are exclusive territories available?
Definition: An exclusive territory is a fixed area in which you are given the right to operate and in which no other units of the same franchise may be opened.
What you need to know: Territory size may be based on factors such as radius, population size, zip codes, and more. Details can be found in Item 12 of the FDD.
Interested in ownership opportunities like Parcel Plus? Request a free consultation with a Franchise Advisor now.
Franchise 500 Ranking History
Compare where Parcel Plus landed on this year's Franchise 500 Ranking versus previous years.
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