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Below is an in-depth analysis and side-by-side comparison of Craters & Freighters vs Fastway Couriers Canada 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 | $179,000 - And Up |
Franchise Fee | $31,500 | $20,000 |
Royalty Fee | 5% | 5% |
Advertising Fee | 1% | - |
Year Founded | 1990 | 1983 |
Year Franchised | 1991 | 1984 |
Term Of Agreement | 15 years | - |
Term Of Agreement | 15 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 | -/- |
Start-up Costs | No/Yes | -/- |
Equipment | No/Yes | -/- |
Inventory | No/Yes | -/- |
Receivables | No/No | -/- |
Payroll | 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. | - |
Support | Newsletter, Meetings, Toll-free phone line, Internet, Security/safety procedures, Field operations/evaluations | - |
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) | - |
Expansion Plans |
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US Expansion | Yes | - |
Canada Expansion | No | No |
International Expansion | Yes | No |
Fastway Couriers, established in 1983, is the world's largest courier franchise system with 104 Regional Franchisees and 1,500 Courier Franchisees and serves a strong market niche untapped by other couriers. Sole Regional Franchise rights for each city are awarded to only one entrepreneur who enters the business of franchising, not package distribution. Cities are then divided into territories which are awarded to Courier Franchisees who conduct the actual distribution of packages.