How much can you make owning a UPS Store?
The UPS Store requires a $359,500 investment and a projected $35,333 monthly income to break even (including taxes and fees). Because of the high operating cost of a store, 60% of UPS Stores don’t turn a profit until they hit over $30,000 in monthly sales.
How much does it cost to open a UPS Store box?
Breaking Down UPS Mailbox Costs Small size boxes from UPS run between $10 and $30 a month, Medium size boxes run between $20 and $40 a month, and Large size boxes run between $30 and $50 a month.
How much does a UPS franchise make a year?
Questionable Profitability – According to a very reliable source it takes “about $365,000 in annual gross sales” to produce a modest “$35,000/yr income for the owner” and “about 60% of all US stores do not break even.” In other words, you will not see a nickel in profit until your UPS Store does over $30,000 in monthly …
How do UPS Store owners make money?
As for a UPS Store, there is no known data as to how much do they make on average. But according to reports, UPS Store franchisees get $1.00 for every drop-off package. UPS Store sales also depend on the location and the type of store (whether traditional, rural, or store-in-store locations) they own.
Is UPS a profitable company?
ATLANTA – UPS (NYSE:UPS) today announced fourth-quarter 2021 consolidated revenue of $27.8 billion, an 11.5% increase over the fourth quarter of 2020. Consolidated operating profit was $3.9 billion, up 91.0% compared to the fourth quarter of 2020, and up 37.7% on an adjusted basis.
What is the ongoing royalty fee for UPS?
The UPS Store, Inc. collects a total of 8.5 percent of franchise owners’ adjusted gross monthly sales, which is applied as follows: 5 percent of that fee covers royalties; and. 3.5 percent of that fee goes to local and national marketing and advertising efforts.
Who owns The UPS Store?
United Parcel ServiceThe UPS Store / Parent organization
What did UPS make last year?
The company’s net profit last year soared to $12.89 billion from $1.34 billion in 2020. Revenue reached a record $97.29 billion, up 15% from 2020.
Is UPS a top 100 company?
RANK35. Big Brown continues its reign as the leading U.S. delivery business.