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Below is an in-depth analysis and side-by-side comparison of PakMail 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 | $35,525 - $172,750 | $179,000 - And Up |
Franchise Fee | $29,950 | $20,000 |
Royalty Fee | to 5% | 5% |
Advertising Fee | 2% | - |
Year Founded | 1983 | 1983 |
Year Franchised | 1984 | 1984 |
Term Of Agreement | 10 years | - |
Term Of Agreement | 10 years | - |
Renewal Fee | to $2.5k | - |
Business Experience Requirements |
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Experience | - | - |
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 | Prior to opening, all new franchise partners receive two weeks of comprehensive, hands-on training at our International Support Center in Colorado and three days of in-store instruction, included in the franchise fee. After opening, you'll benefit from ongoing seminars, webinars, conventions, site visits and access to our intranet. On-The-Job Training: 32 hours Classroom Training: 80 hours Additional Training: At existing center | - |
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; 5% of all franchisees own more than one unit Number of employees needed to run franchised unit: 1 - 5
Absentee ownership of franchise is allowed. (98% of current franchisees are owner/operators) | - |
Expansion Plans |
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US Expansion | - | - |
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.