I use a UPS store as a business address and know the owner pretty well. He is at the store a large amount of time and has said he doesn't own the store, the store owns him. Most of the people I know that own franchises invest a lot of their own time in them.

2 ...

Report Post

Posted by baldona

Florida

Member since Feb 2016

20535 posts

Posted on 2/9/20 at 7:16 am to EA6B

quote:
Most of the people I know that own franchises invest a lot of their own time in them.

This...if there was easy franchises out there with good returns for new investors then big money would be into them.

I’d be very very careful here OP. I think most franchises are going to require either a lot of time from a dedicated owner or not return what they try and advertise they do.

Maybe expand into a new type of real estate investment?

0 ...

Report Post

Posted by Dr.Funke

Not a real Doctor

Member since Dec 2011

642 posts

Posted on 2/9/20 at 8:49 am to EA6B

quote:
I use a UPS store as a business address and know the owner pretty well. He is at the store a large amount of time and has said he doesn't own the store, the store owns him

I'd say this is only true around Christmas, and even then if you hire enough help it's not bad at all. My father owns a UPS store, last year he made around 140k and puts in maybe 40 hours a week. He could definitely work less if he wanted. Ups stores are going to start requiring owners to open on Sundays for a few hours soon though. I know of a lot of good owners with great stores that are selling because of it.

1 ...

Report Post

Money Talk - Replies to Post

Return To Board

Page 1

Return To Board