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Updated RecentlyPostNet vs Venture X Franchise Comparison
Below is an in-depth analysis and side-by-side comparison of PostNet vs Venture X 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 | $748,585 - $2,026,210 |
| Franchise Fee | $35,950 | $79,500 |
| Royalty Fee | 5% | 6% |
| Advertising Fee | 2% | 1% |
| Year Founded | 1985 | 2012 |
| Year Franchised | 1993 | 2016 |
| Term Of Agreement | - | 20 years |
| Term Of Agreement | - | 20 years |
| Renewal Fee | - | $1K |
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. | - |
Financing Options |
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| In-House/3rd Party | In-House/3rd Party | |
| Franchise Fees | -/Yes | -/- |
| Start-up Costs | -/Yes | -/Yes |
| Equipment | -/Yes | -/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 | On-The-Job Training: 8 hours Classroom Training: 23 hours |
| Support | Newsletter Meetings/Conventions Toll-Free Line Grand Opening Online Support Field Operations Site Selection Proprietary Software Franchisee Intranet Platform | Newsletter Meetings/Conventions Toll-Free Line Grand Opening Online Support Security/Safety Procedures Field Operations Site Selection Proprietary Software Franchisee Intranet Platform |
| 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 | Co-op Advertising Ad Templates Regional Advertising Social media SEO Website development Email marketing Loyalty program/app |
| 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. | Absentee Ownership Allowed Number of Employees Required to Run: 2 |
Expansion Plans |
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| US Expansion | Yes | Yes |
| Canada Expansion | - | No |
| International Expansion | Yes | 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 Venture X
The days of working in a cramped cubicle are over for many people in today’s mobile work world. That has led to a rise of coworking spaces that allow for environments that are collaborative, inspiring, and stimulating.
By 2020, The Bureau of Labor Statistics estimates 65 million Americans will be freelancers, temps, independent contractors, or entrepreneurs, making up a full 40% of the workforce. Venture X provides an attractive opportunity for those workers who want to benefit from a rich work community.
Like other “sharing” industries, Venture X franchisees simply provide the modern workspace and members buy private memberships, giving them access to open areas or private offices, whichever they prefer.
Many business models today are built on this collaborative model including transportation and vacation destination sharing. Venture X is at the forefront of this growing trend. Venture X’s unique combination of open space mixed with higher revenue private offices allows for higher income opportunities. Additional revenue can be generated from event hosting to further increase the bottom line of each location.
Veteran Incentives 10% off franchise fee
#319 in Franchise 500 for 2021. Not in Franchise 500 for 2020.