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Below is an in-depth analysis and side-by-side comparison of Fastway Couriers Canada vs Mail Boxes Etc. including start-up costs and fees, business experience requirements, training & support and financing options.
Start-Up Costs and Fees |
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Investment | $179,000 - And Up | $154,950 - $293,500 |
Franchise Fee | $20,000 | $29,900 |
Royalty Fee | 5% | 6% |
Advertising Fee | - | 2% |
Year Founded | 1983 | 1990 |
Year Franchised | 1984 | 1990 |
Term Of Agreement | - | 10 years +10 |
Term Of Agreement | - | 10 years +10 |
Renewal Fee | - | - |
Business Experience Requirements |
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Experience | - | - |
Financing Options |
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In-House/3rd Party | In-House/3rd Party | |
Franchise Fees | -/- | -/- |
Start-up Costs | -/- | -/- |
Equipment | -/- | -/- |
Inventory | -/- | -/- |
Receivables | -/- | -/- |
Payroll | -/- | -/- |
Training & Support |
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Training | - | 1. Corporate Office 2 Weeks 2. Center 1.5 Weeks |
Support | - | Central Data Processing: At Additional Cost Central Purchasing Field Operation Evaluation Field Training Initial Store Opening: At Additional Cost Franchisee Newsletter Regional or National Meetings: At Additional Cost |
Marketing | - | - |
Operations | - | Average Number of Employees: 2 Full-time, 1 Part-time Passive Ownership: Allowed, But Discouraged |
Expansion Plans |
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US Expansion | - | Yes |
Canada Expansion | No | Yes |
International Expansion | No | Yes |
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.