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Updated RecentlyWorldwide Express vs BungoBox Franchise Comparison
Below is an in-depth analysis and side-by-side comparison of Worldwide Express vs BungoBox including start-up costs and fees, business experience requirements, training & support and financing options.
Start-Up Costs and Fees |
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| Investment | $45,980 - $359,650 | $75,400 - $134,000 |
| Franchise Fee | $33,125 - $327,500 | $25,000 |
| Royalty Fee | 6% | 9% |
| Advertising Fee | - | - |
| Year Founded | 1991 | 2007 |
| Year Franchised | 1994 | 2010 |
| Term Of Agreement | 5 years | - |
| Term Of Agreement | 5 years | - |
| Renewal Fee | - | - |
Business Experience Requirements |
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| Experience | BungoBox is seeking individual franchise partners throughout the United States as well as multi-unit development partners domestically and internationally. To be considered, individuals or partnerships must meet the following minimum criteria: *Demonstrated enthusiasm, drive, and passion *Management Experience *Love working in Sales and Marketing *Minimum financial net worth of $50,000 | |
Financing Options |
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| In-House/3rd Party | In-House/3rd Party | |
| Franchise Fees | No/Yes | -/- |
| Start-up Costs | No/Yes | -/- |
| Equipment | No/Yes | -/- |
| Inventory | No/No | -/- |
| Receivables | No/No | -/- |
| Payroll | No/No | -/- |
Training & Support |
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| Training | Available at headquarters, Available at franchisee's location | All BungoBox Franchisees are put through a comprehensive training program that covers every element involved in operating and managing the BungoBox business model successfully. The BungoBox training model is delivered through a week-long classroom training program at the corporate headquarters in Orlando, FL and then followed by an onsite training program at the new franchise location. |
| Support | Newsletter, Meetings, Toll-free phone line | *Real Estate and Site Selection *Pre-opening *Management Training *Vendors and Equipment *Opening Support *Information Technology *Marketing and Public Relations *Operations Support *Purchasing and Distribution |
| Marketing | - | - |
| Operations |
Franchise can be run from home. 50% of all franchisees own more than one unit Number of employees needed to run franchised unit: 1 Absentee ownership of franchise is allowed. | - |
Expansion Plans |
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| US Expansion | - | - |
| Canada Expansion | No | - |
| International Expansion | No | - |
Company Overviews
About Worldwide Express
Worldwide Express is a global logistics company based in Dallas that has handled millions of package and freight shipments for more than 30,000 small to midsize businesses. With more than 150 franchises across the country, Worldwide Express is one of the largest authorized resellers of express shipping for UPS, as well as a trusted freight partner to more than 65 carriers.
Worldwide Express began selling franchises in 1995 with the simple goal of providing unmatched levels of service and competitive rates to the small to medium sized business segment (SMB) of the U.S. air express and ground market.
The SMB segment was and continues to be the fastest growing portion of the U.S. air express and ground market, despite the fact that the near-monopolies of FedEx and UPS have historically treated this segment with a one size fits all mentality.
Worldwide knew it could do a better job. They treat the SMB segment like the big guys treat their Fortune 500 customers
About BungoBox
BungoBox franchisees operate a green moving business that rents eco-friendly boxes to movers to make moving less costly and easier to manage.BungoBox is a Revolution, A new way of thinking - A new way to do business. The BungoBox business model has been designed and modeled for franchise investors. It is a business model that builds upon the best of all business attributes. The Customers Save Money (up to 50% from standard moving costs). The Business Model is new and UNIQUE. Lack of Competition for this Industry. National Applicability. Systems and Business Model Designed around Concept make the system Scalable.BungoBox is Green...and Green is Good. Low Initial Investment for a business that has unlimited Potential.BungoBox is in the lead position of a "wave" that will change the way people think about moving. Solid Management Team and Board of Directors. * Real Estate / Location Guidance - BungoBox corporate staff will help you find a location, negotiate a lease and build your actual location and get your business off the ground....so to speak. * Hiring and Training Your Staff - No one wants to "Bungo" alone. Eventually you will want and need to hire on additional staff for yourBungoBox franchise. We will help you in finding those people and appropriately establishing the criteria needed to build a great team for your Franchise. * Marketing your Franchise - BungoBox will implement and work directly with you to help "get the word out" that BungoBox is in town. Through a refined and tested marketing program, you will be able to appropriately establish a "footprint" for your new franchise location. * Onsite Assistance - BungoBox management and staff will come to your location and help you market and sell the BungoBox services when you first get started. The first weeks in business will be a big step for a new franchisee. We will be there with you every step of the way.