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Updated RecentlyPostNet vs Empire Business Brokers Franchise Comparison
Below is an in-depth analysis and side-by-side comparison of PostNet vs Empire Business Brokers including start-up costs and fees, business experience requirements, training & support and financing options.
Start-Up Costs and Fees |
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| Investment | $186,567 - $233,500 | $25,000 - $30,000 |
| Franchise Fee | $35,950 | $24,900 |
| Royalty Fee | 5% | $400/month or 5% |
| Advertising Fee | 2% | $100/month or 1% |
| Year Founded | 1985 | - |
| Year Franchised | 1993 | - |
| Term Of Agreement | - | - |
| Term Of Agreement | - | - |
| Renewal Fee | - | - |
Business Experience Requirements |
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| Experience | PostNet is a retail and service business, and as such we are looking for people with outgoing personalities that would do an excellent job of representing the brand and their business to the public. The most successful PostNet franchisees are civic-minded and outgoing people who gain fulfillment from working with small business owners, schools and others in their communities. On a financial level, a potential PostNet franchisee must have a net worth of at least $300,000.00 and be (or be able to become) liquid for a minimum of $55,000.00. | At EMPIRE Business Brokers we have defined very clear policies in order to award Franchises and maximize the possibilities for success of an EMPIRE Office.
We actively seek people and offices with the following characteristics:
FRANCHISEE PROFILE
The profile of the Franchisee / Operator that has been established for EMPIRE Business Brokers is as follows:
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Financing Options |
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| In-House/3rd Party | In-House/3rd Party | |
| Franchise Fees | -/Yes | -/- |
| Start-up Costs | -/Yes | -/- |
| Equipment | -/Yes | -/- |
| Inventory | -/Yes | -/- |
| Receivables | -/Yes | -/- |
| Payroll | -/Yes | -/- |
Training & Support |
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| Training | On-The-Job Training: 58 hours Classroom Training: 65 hours Additional Training: At store location 6-8 weeks after opening | Our Comprehensive 5 day (5 FULL DAYS!) Training Program is designed to make you a successful business broker right from the first day you open. Here are some of the subjects we cover: * Appraising the fair market value of a business. * Establishing the price. * Procuring buyers and sellers. * The techniques of successfully selling a business. * Preparation of purchase contracts. * Escrow procedures. * Advertising businesses for sale. * Evaluating financial statements. * How to set up and operate your own office. * The psychology of successful business brokerage. * Hiring and Training a salesperson. * Office policies and procedures. * Applicable accounting principals. * Legal techniques and relevant terminology. * Understanding and using the appropriate forms. Advertising - general, marketing, newspaper, magazines. * and much more! Our training facility is located in our Corporate Headquarters in Buffalo, N.Y. We do have an optional training program that we will conduct in your home city for an additional fee to help defray our travel costs. EMPIRE Business Brokers will train new agents from your office as your office continues to prosper and grow. This training is provided free of charge at our Buffalo Headquarters. You will continue to sharpen your skills by consulting with our highly trained staff. Our annual National Convention provides additional training through seminars & lectures. |
| Support | Newsletter Meetings/Conventions Toll-Free Line Grand Opening Online Support Field Operations Site Selection Proprietary Software Franchisee Intranet Platform | Through or web site: * Generation of potential Buyers and Sellers leads for each EMPIRE office. * Promotion of the listings of a franchised Office with the entire EMPIRE network. * Communication to the entire EMPIRE network of new listings. * Lists of authorized service providers. * Calendar of events. * Electronic chalkboard for communication within Offices. * Access to advertising and public relations material. * Information of events and statistics generated by the EMPIRE network. * Access to informative and promotional materials of listed franchises. Additionally we carry out other activities that are standard to any Franchising System such as: * Pre-opening program. * Continuous operative assistance. * Personnel training and updates on the system. * Development and updating of Operative Manuals. * Development and updating of Corporate Image. * Operative and administrative innovations. * Creation and development of marketing and advertising activities. * Production and broadcasting of press releases. * Creation and operation of promotional seminars. * Counseling and supervision visits to offices. * Organization of Franchising conventions. * Legal assistance. * Financial assistance. With all these services, EMPIRE supplies its franchise network with all the necessary tools to generate business, operate efficiently and continue to be the undisputed leader in the business brokerage sector. |
| Marketing | PostNet's marketing programs include- * Local programs, which the franchisees utilize to build and develop awareness and loyalty with current customer base. * Regional and cooperative advertising, where PostNet franchisees get together with other franchisees and leverage their strength in numbers. * National programs that are conducted by the PostNet National Ad Fund. PostNet is the only company in the industry that offers a first-year managed marketing program that includes both consumer advertising and business-to-business advertising to help develop an initial customer base and momentum for the growth of the business. Co-op Advertising Ad Templates Social media SEO Website development Email marketing | EMPIRE Business Brokers is a franchising corporation specialized in Business Brokerage, whose main objective is to provide services that translate into tangible benefits for the investment initiatives, expansion strategies and financing of projects of Buyers, Sellers, Investors, Entrepreneurs and Franchises. EMPIRE Business Brokers has a varied array of materials that assist its Franchisees in establishing a rapid presence in their markets, and increase sales every month. Some of these are: * Website with auto-editable solutions to incorporate and edit listings of businesses and franchises. * Designs for Newspaper Ads. * Brochures. * Materials for Seminars. * Press Releases. * Telemarketing scripts. * E-mail marketing scripts. * Designs for promotional stands. * Business cards and stationary formats. Additionally, EMPIRE continuously carries out marketing activities in order to increase its business listings, franchises and buyers. Some of these activities are: * Registry of the businesses we handle in our web site. * Promotion of our web site in the most important search engines. * Ads in local Newspapers. * Ads in Specialized Magazines. * Participation in Franchise Fairs. * Creation and broadcasting of electronic bulletins to our data base. * Telemarketing. * Seminars specializing in Business Brokerage and Franchising. * Participation in Entrepreneurial Chambers and Associations. * Public Relations activities with the media. * Individual presentations to buyers, business owners and franchises in our offices. As if this wasn't enough, the EMPIRE Offices have the backing of a worldwide network of Brokers, with which they continuously exchange buyers, business and franchise prospects. |
| Operations | PostNet only grants franchises to individuals that are planning on being involved initially as a full-time owner operator. Long term, full-time ownership and operation of the centers are not required; however, initially it is critical because PostNet is a neighborhood business and it is up to the individual store owner to become actively involved in the community to promote the services and products offered. With PostNet, every franchisee offers a core of proven and high-demand services and products through their PostNet Center. However, depending on the needs of the local market and the franchisee's own attributes, other complimentary services that are consistent with the other PostNet offerings may be approved by PostNet. Services, as bookkeeping, advanced computer and database services, and eBay selling services are just some examples of other services and products that PostNet franchisees offer to the public through their PostNet Centers. Initially an owner operator of a franchise will typically have one (1) to two (2) part-time or full-time staff members to help with the operation of the store. As the business grows, and you build a customer base, more employees and staff will be needed. Our highest volume locations have six (6) to seven (7) full-time staff members including the franchisee. | - |
Expansion Plans |
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| US Expansion | Yes | - |
| Canada Expansion | - | - |
| International Expansion | Yes | - |
Company Overviews
About PostNet
PostNet offers a variety of franchise opportunities from owning and operating a single store to taking our brand into new markets across the globe.
Single Unit
PostNet's single unit license grants an individual or entity the right to own and operate an individual PostNet center in an approved business location.
Area Development
PostNet's area development license grants an individual or entity the right to own and operate multiple PostNet centers with exclusive development rights in a specific territory.
Area Franchising
PostNet's area franchise license grants an individual or entity the right to assist PostNet headquarters in developing a specific exclusive territory. This assistance includes providing hands-on support in recruiting new franchisees, securing new locations, coordinating the store development process and providing local training and pre-opening support to new franchisees.
Master Franchise
PostNet's master franchise license grants an entity the exclusive right to develop and franchise PostNet Centers in a particular country with the training, guidance, and support of PostNet World Headquarters.
International Single Unit, Area Development and Area Franchise Opportunities Whether you are interested in developing a single store, multiple stores, an entire territory or pioneering the PostNet brand in your country, we have the right opportunity for you.
Veteran Incentives 35% off franchise fee
#293 in Franchise 500 for 2020.
About Empire Business Brokers
A Business Broker is a professional executive, equipped with the knowledge to successfully complete the sale of an existing business, franchise or business opportunity. As the owner of an EMPIRE Business Brokers Franchise, you will be working on a daily basis with other professionals: business owners, buyers, seasoned entrepreneurs as well as top executives in national franchise companies.
You will serve people from all walks of life. They will come to you for help to buy or sell a business.You will be their negotiator, counselor, marketer, broker, advisor and teacher. You will shape many futures. Your personal integrity will be supremely important. You will stretch your creativity and draw on all your knowledge and experience.
Every day will be fresh and every accomplishment will be sweet.
We have successfully trained people from many walks of life to become top producers and business brokers. Our success stories include CPA's, Attorneys, Bankers, former mid to high level management executives; others who have successfully operated their own businesses, and people with a high ambition to learn. People who feel that they are ready to expand their capabilities with the leader in a dynamic and growing industry will feel at home at EMPIRE Business Brokers.
Advantages of the EMPIRE Business Brokers Franchise
The most important competitive advantages of the EMPIRE franchise are:
* Excellent levels of income and profits.
* Return on your investment in a year.
* Various profit centers with consulting services.
* Ever increasing listings of Buyers, Businesses and Franchises.
* Initial Training, Marketing and On-Going Support to the franchised network.
* Initial investment between $25,000 and $50,000 USD.