Parcel Plus
Packing, shipping, postal, and business services
- 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.
Company Overview
About Parcel Plus
| Industry | Services (Other) |
|---|---|
| Related Categories | Postal & Business Centers, Shipping Services |
| Founded | 1986 |
| Parent Company | Annex Brands Inc. |
| Leadership | Patrick F. Edd, CEO & President |
| Corporate Address |
7580 Metropolitan Dr., #200 San Diego, CA 92108 |
Business Overview
| Franchising Since | 1988 (35 years) |
|---|---|
| # of employees at HQ | 42 |
| Where seeking |
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
|
$29,950 |
|---|---|
|
Initial Investment
|
$196,000 - $275,950 |
|
Net Worth Requirement
|
$200,000 |
|
Cash Requirement
|
$50,000 |
|
Veteran Incentives
|
20% off franchise fee |
|
Royalty Fee
|
5% |
|
Ad Royalty Fee
|
2% |
|
Term of Agreement
|
20 years |
| Is franchise term renewable? | Yes |
Financing Options
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 |
| Ongoing Support |
Newsletter
Meetings & Conventions
Toll-Free Line
Grand Opening
Online Support
Lease Negotiation
Field Operations
Site Selection
Proprietary Software
Franchisee Intranet Platform
|
| Marketing Support |
Co-op Advertising
Ad Templates
National Media
Regional Advertising
Social Media
SEO
Website Development
Email Marketing
Loyalty Program/App
|
Operations
Additional details about running this franchise.
| Is absentee ownership allowed? | Yes |
|---|---|
|
Can this franchise be run from home/mobile unit?
|
No |
|
Can this franchise be run part time?
|
No |
| # of employees required to run | 3 |
|
Are exclusive territories available?
|
Yes |
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.
Sign Up for Our Franchise Newsletter
Stay up to date on the latest news and trends affecting the franchise industry.
Related Franchises
Are you eager to see what else is out there? Browse franchises that are similar to Parcel Plus.
Related Franchise Content
Catch up on the latest franchise news, trends, and more.
Franchise Legalese Defined — A Deep Dive Into Franchising Definitions
Before you can decide if you should franchise, find out exactly what you're getting yourself into.
Opening a New McDonald's Franchise Will Be More Expensive in 2024
Starting January 1, franchise royalty fees will rise from 4% to 5% for new locations in the U.S. and Canada.
Your Ultimate Research Guide to the Crucial Steps Before Buying a Franchise
If you're thinking about becoming a franchisee, find out what you're getting yourself into by reviewing this quick guide.
If You Want to Join a Franchise That Is Truly Diverse, These Are the Top 100 to Consider
These franchises are putting their money where their mouth is when it comes to inclusivity.
These Are the Top Companies That Support Franchises in 2023
From banking to marketing to event planning, find out who to hire to help your business thrive.
Would You Turn Your Small Business Into a Franchise? Here's Why Everyone From Hardware Stores to Hot Dog Shops Are Doing It.
When you've put your blood, sweat and tears into building an independent business, it's hard to know if converting to franchise is selling out, or buying into something better. We talked to business owners across industries about how they made the decision, and to franchisors on why they're pursuing the conversion strategy.
