|
Below is an in-depth analysis and side-by-side comparison of Parcel Plus vs Mailbox IT including start-up costs and fees, business experience requirements, training & support and financing options.
Start-Up Costs and Fees |
||
Investment | $35,525 - $172,750 | $55,950 - $87,250 |
Franchise Fee | $29,950 | $24,750 |
Royalty Fee | 6% | 5% |
Advertising Fee | 2% | Zero |
Year Founded | 1986 | 1996 |
Year Franchised | 1988 | 2995 |
Term Of Agreement | 15 years | - |
Term Of Agreement | 15 years | - |
Renewal Fee | - | - |
Business Experience Requirements |
||
Experience | - | |
Financing Options |
||
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 |
||
Training | On-The-Job Training: 32 hours Classroom Training: 80 hours Additional Training: Operational visit | Springfield, MO 5 days Ongoing, on-site support |
Support | Newsletter Meetings/Conventions Toll-Free Line Grand Opening Online Support Field Operations Site Selection Proprietary Software Franchisee Intranet Platform | Field Training Initial Store Opening Franchisee Newsletter Regional or National Meetings: At Additional Cost |
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; 3% of all franchisees own more than one unit Number of employees needed to run franchised unit: 3 Absentee ownership of franchise is NOT allowed. (100% of current franchisees are owner/operators) | Average Number of Employees: 2 Full-time, 1 Part-time Passive Ownership: Allowed, But Discouraged |
Expansion Plans |
||
US Expansion | Yes | Yes |
Canada Expansion | No | - |
International Expansion | Yes | Yes |
Parcel Plus provides retail packaging, freight, cargo, crating and international shipping.
Mailbox It is a nationally franchised company selling a range of business services by traditional brick and mortar and electronic commerce. Packaged as walk-in facility, Mailbox It services include parcel shipping, packing, print services, product fulfillment, and electronic return services.