|
Below is an in-depth analysis and side-by-side comparison of Parcel Plus vs SOHO Hero including start-up costs and fees, business experience requirements, training & support and financing options.
Start-Up Costs and Fees |
||
Investment | $35,525 - $172,750 | $175,000 - $190,000 |
Franchise Fee | $29,950 | $29,500 |
Royalty Fee | 6% | 5% |
Advertising Fee | 2% | 2% |
Year Founded | 1986 | 1997 |
Year Franchised | 1988 | 2000 |
Term Of Agreement | 15 years | - |
Term Of Agreement | 15 years | - |
Renewal Fee | - | - |
Business Experience Requirements |
||
Experience | - | |
Financing Options |
||
In-House/3rd Party | In-House/3rd Party | |
Franchise Fees | No/Yes | -/- |
Start-up Costs | No/Yes | -/- |
Equipment | No/Yes | -/- |
Inventory | No/Yes | -/- |
Receivables | No/No | -/- |
Payroll | No/No | -/- |
Training & Support |
||
Training | On-The-Job Training: 32 hours Classroom Training: 80 hours Additional Training: Operational visit | - |
Support | Newsletter Meetings/Conventions Toll-Free Line Grand Opening Online Support Field Operations Site Selection Proprietary Software Franchisee Intranet Platform | - |
Marketing | Co-op Advertising Ad Templates National Media Regional Advertising Social media SEO Website development Email marketing Loyalty program/app | - |
Operations |
International franchisees required to buy multiple units/master licenses; 3% of all franchisees own more than one unit Number of employees needed to run franchised unit: 3 Absentee ownership of franchise is NOT allowed. (100% of current franchisees are owner/operators) | - |
Expansion Plans |
||
US Expansion | Yes | Yes |
Canada Expansion | No | - |
International Expansion | Yes | - |
Parcel Plus provides retail packaging, freight, cargo, crating and international shipping.
The SOHO HERO concept was launched when savvy young entrepreneur and
Atlanta resident, Chris Kouloukas, discovered that small office and home
office business professionals had no place to go for meetings and other
vital business services. As a result, the SOHO HERO Business and
Meeting Center concept was born, and today the company provides a
comprehensive resource for business owners and professionals who work
from home, telecommute or are in need of private, professional meeting,
work or conference rooms. SOHO HERO represents a new ‘world of work’
scenario that provides our Small Office, Home Office professionals, a
comprehensive suite of business services, professional meeting spaces,
wi-fi connections, and state-of-the-art video-teleconferencing. SOHO
HERO Business and Meeting Centers provide a complete menu of
presentation and communications tools and upscale meeting facilities for
the ‘new mom & pop shops’ that have embraced the electronic age and
understand the value of interactive business tools and opportunities.
We handle all of the business services needs that our customers would
normally be able to get if they worked in an office environment, but
don’t have access to since they are working from their homes.