It has been reported by The Balance, that it takes a UPS Store franchise “$365,000 in annual gross sales” for a franchise owner to yield a “$35,000 a year income.” The same report states that “about 60% of all US stores do not break even.”
How much money do franchise owners make?
Our research shows that 37 percent of food franchise owners earn less than $50,000 per year, and just 16 percent – the “top performers” – earn more than $200,000 per year. The average annual income reported by all food and beverage operators that we surveyed is $120,000 for businesses open at least two years.
What is the most profitable franchise?
Most Profitable Franchises in the US
- Ace Hardware Corporation.
- The UPS Store.
- Jimmy John’s.
- Dairy Queen.
- Dunkin’ Donuts.
- McDonald’s. One of the leading franchises in America has well over 30,000 restaurants worldwide with over 14,000 of those in the United States alone.
Who owns the UPS Store?
United Parcel Service
How do you pay for a franchise?
Most franchise companies require a new franchisee to pay a one time initial fee to become a franchisee. This fee can be as low as $10,000 to $15,000 or as high as the sky–in some cases well over $100,000. The average or typical initial franchise fee for a single unit is about $20,000 or $35,000.