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Below is an in-depth analysis and side-by-side comparison of Craters & Freighters vs Worldwide Express including start-up costs and fees, business experience requirements, training & support and financing options.
Start-Up Costs and Fees |
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Investment | $176,850 - $276,500 | $45,980 - $359,650 |
Franchise Fee | $31,500 | $33,125 - $327,500 |
Royalty Fee | 5% | 6% |
Advertising Fee | 1% | - |
Year Founded | 1990 | 1991 |
Year Franchised | 1991 | 1994 |
Term Of Agreement | 15 years | 5 years |
Term Of Agreement | 15 years | 5 years |
Renewal Fee | - | - |
Business Experience Requirements |
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Experience | It is not necessary to have a background in packaging, crate building, or transportation to operate our franchise. Our franchise owners come from widely varied backgrounds from Doctors to CPA's to Engineers. Our staff has the experience and credentials to guide you through an extensive training process in all aspects of running the operation including packaging, crating, and shipping procedures to administration, accounting, marketing, & sales. | |
Financing Options |
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In-House/3rd Party | In-House/3rd Party | |
Franchise Fees | No/Yes | No/Yes |
Start-up Costs | No/Yes | No/Yes |
Equipment | No/Yes | No/Yes |
Inventory | No/Yes | No/No |
Receivables | No/No | No/No |
Payroll | No/No | No/No |
Training & Support |
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Training | 10-day training program in Golden, CO Training includes classroom and hands-on experience in an operating franchise in Colorado. Owners are trained on, and provided with, the company's proprietary eBusiness Management System Software, Center Opening Handbook, Operations Manual, Policy and Procedures Manual, Freight Carriers Guide, Packaging & Crating Manual and Marketing Manual. Also includes business preparation, proprietary software, pick-up and delivery, transportation, bills of lading, shipping invoices, accounting, marketing, advertising, promotion, start-up operations, pricing and quoting, packaging and crating, insurance, tracers and claims, warehousing, personnel and international shipping. | Available at headquarters, Available at franchisee's location |
Support | Newsletter, Meetings, Toll-free phone line, Internet, Security/safety procedures, Field operations/evaluations | Newsletter, Meetings, Toll-free phone line |
Marketing | Ad slicks, National media | - |
Operations |
21% of all franchisees own more than one unit Number of employees needed to run franchised unit: 3 - 4
Absentee ownership of franchise is NOT allowed. (100% of current franchisees are owner/operators) |
Franchise can be run from home. 50% of all franchisees own more than one unit Number of employees needed to run franchised unit: 1 Absentee ownership of franchise is allowed. |
Expansion Plans |
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US Expansion | Yes | - |
Canada Expansion | No | No |
International Expansion | Yes | No |
Worldwide Express is a global logistics company based in Dallas that has handled millions of package and freight shipments for more than 30,000 small to midsize businesses. With more than 150 franchises across the country, Worldwide Express is one of the largest authorized resellers of express shipping for UPS, as well as a trusted freight partner to more than 65 carriers.
Worldwide Express began selling franchises in 1995 with the simple goal of providing unmatched levels of service and competitive rates to the small to medium sized business segment (SMB) of the U.S. air express and ground market.
The SMB segment was and continues to be the fastest growing portion of the U.S. air express and ground market, despite the fact that the near-monopolies of FedEx and UPS have historically treated this segment with a one size fits all mentality.
Worldwide knew it could do a better job. They treat the SMB segment like the big guys treat their Fortune 500 customers