The UPS Store vs SOHO Hero Franchise Comparison

Below is an in-depth analysis and side-by-side comparison of The UPS Store vs SOHO Hero including start-up costs and fees, business experience requirements, training & support and financing options.

Start-Up Costs and Fees
 
The UPS Store Franchise
SOHO Hero Franchise
Investment $53,496 - $566,585$175,000 - $190,000
Franchise Fee $29,950$29,500
Royalty Fee 5%5%
Advertising Fee 2.5%2%
Year Founded 19801997
Year Franchised 19802000
Term Of Agreement 10 years-
Term Of Agreement 10 years-
Renewal Fee 25% of current franchise fee-


Business Experience Requirements
 
The UPS Store Franchise
SOHO Hero Franchise
Experience
  • General business experience
  • General computer skills
    		• -

    Financing Options
     
    The UPS Store Franchise
    SOHO Hero Franchise
      In-House/3rd PartyIn-House/3rd Party
    Franchise Fees No/Yes-/-
    Start-up Costs Yes/Yes-/-
    Equipment Yes/Yes-/-
    Inventory Yes/Yes-/-
    Receivables No/Yes-/-
    Payroll No/Yes-/-

    Training & Support
     
    The UPS Store Franchise
    SOHO Hero Franchise
    Training Training prior to opening a The UPS Store franchise includes online courses and in-person training. The award-winning The UPS Store Franchisee Training Program focuses on developing business management, marketing, technical, and customer service skills necessary to operate and grow the franchised business. There are two parts: the In Store Experience and The UPS Store University Business Course held in San Diego, CA.-
    Support The UPS Store understands that when you do well, so do we. We provide The UPS Store franchisees with a variety of tools and resources including: newsletters, grand opening assistance, web-based training and security and safety procedures. -
    Marketing We provide The UPS Store franchise owners marketing support, including co-op advertising, national media, and regional advertising.-
    Operations 33% of all franchisees own more than one unit

    Number of employees needed to run franchised unit: 3 - 5

    Absentee ownership of franchise is allowed.

    		-

    Expansion Plans
     
    The UPS Store Franchise
    SOHO Hero Franchise
    US Expansion -Yes
    Canada Expansion No-
    International Expansion Yes-

    Company Overviews

    About The UPS Store

    Do you have the yearning to work for yourself? Presently your fantasy of working for yourself and owning an establishment might be nearer than you might suspect. The UPS Store establishment openings are accessible across the nation. The UPS Store Franchise Development Team is accessible to help you begin the procedure of business possession with The UPS Store organize. Business, Communication and Postal Service Centers Founded in 1980, Mail Boxes Etc. turned into an auxiliary of UPS in 2001. The organization now establishments The UPS Store idea, whose establishment areas give bundling, delivering, duplicate and print administrations, letter drop administrations, PC time rentals, and the sky is the limit from there. The UPS Store establishments are situated all through the United States and Canada. The UPS Store establishment cost and expenses can be decreased through budgetary help and exceptional motivations. The UPS Store offers low charges and monetary help when opening a The UPS Store establishment. We offer a program to help qualified new The UPS Store franchisees with start-up expenses. We have associations with monetary accomplices that can help you with your financing needs. The UPS Store establishment money related motivators include:
     * VetFran Participant
     * Program through Franchise America FinanceTM
    More insights about The UPS Store establishment VetFran impetus:
    * Qualified veterans save $10,000 off the establishment charge of another The UPS Store establishment area and 75% off the underlying application expense (connected towards the aggregate establishment expense).

    About The UPS Store Franchise
     * # 1 in our classification for 21 continuous years*
     * More than 30 years of diversifying background
     * Nationally publicized brand
     * More than 4300 areas across the country.

     Veteran incentive: $10,000 off franchise fee & 50% off initial application fee

    "Top   "Top   ""   "Entrepreneur
    #26 in Canada's Top franchises.
    #22 in Gator's Top franchises.
    #5 in Franchise 500 for 2020.
    #3 in Franchise 500 for 2021.






    About SOHO Hero

    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.