Sussex Insurance vs PostNet Franchise Comparison

Below is an in-depth analysis and side-by-side comparison of Sussex Insurance vs PostNet including start-up costs and fees, business experience requirements, training & support and financing options.

Start-Up Costs and Fees

 
Sussex Insurance Franchise
PostNet Franchise
Investment $800,000 - $1,000,000$186,567 - $233,500
Franchise Fee $75,000 - $350,000$35,950
Royalty Fee 4%5%
Advertising Fee 1%2%
Year Founded 19761985
Year Franchised 19851993
Term Of Agreement --
Term Of Agreement --
Renewal Fee --


Business Experience Requirements

 
Sussex Insurance Franchise
PostNet Franchise
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

 
Sussex Insurance Franchise
PostNet Franchise
  In-House/3rd PartyIn-House/3rd Party
Franchise Fees -/--/Yes
Start-up Costs -/--/Yes
Equipment -/--/Yes
Inventory -/--/Yes
Receivables -/--/Yes
Payroll -/--/Yes

Training & Support

 
Sussex Insurance Franchise
PostNet Franchise
Training - On-The-Job Training: 58 hours Classroom Training: 65 hours Additional Training: At store location 6-8 weeks after opening
Support -Newsletter Meetings/Conventions Toll-Free Line Grand Opening Online Support 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
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

 
Sussex Insurance Franchise
PostNet Franchise
US Expansion -Yes
Canada Expansion Yes-
International Expansion -Yes

Company Overviews

About Sussex Insurance

The Sussex Insurance establishment opportunity offers our franchisee arrange remunerating potential, based on our quality, security and experience. When you are granted a Sussex Insurance establishment, you join a spearheading system that has stood out for more than 30 years! As a Sussex Insurance franchisee, you will have the individual and expert autonomy, flexibility and control that you need and merit. You will construct a productive business utilizing a demonstrated plan of action and an authoritative equation for achievement. You will secure long haul business development and effective customer connections, directing people to your establishment area and changing over guests into paying clients. The subsequent salary will empower you to fulfill the way of life you need, for yourself and your family. Regularly situated inside high-activity retail locations or inside prominent strip malls and business edifices, Sussex Insurance utilizes its sourcing of areas as a major key to our prosperity. Sussex Insurance is a regarded retail establishment operation and has solid associations with significant proprietors crosswise over Canada, which permits us to secure the best retail stores at honest esteem. By consolidating statistical surveying, field involvement and neighborhood information, we build up the ideal open doors accessible, and secure the best establishment areas. Hours of operation change, however areas are regularly open 7 days seven days from 9 a.m. to 9 p.m. Sussex Insurance is as of now tolerating applications from persuaded, entrepreneurial-disapproved of people for new establishment openings in high-development markets. Protection industry encounter, in spite of the fact that an advantage, is not required.

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.