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re: Thinking about buying a franchise
Posted on 2/9/20 at 8:49 am to EA6B
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
Posted on 7/26/22 at 3:48 pm to Dr.Funke
So crazy coincidence, I thought about this thread from a few years ago and was about to bump it and just realized it was on the 1st page.
To edit my last post
I bought the store from my father last November. Two things. I work way more than 40 hours a week. I also grossly underestimated how much my father made.
I'll pull 240k this year, maybe 250k if it is a good Christmas.
This is after paying my dad 30k this year. I'll be paying that for about the next 20 years.
To edit my last post
quote:
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
I bought the store from my father last November. Two things. I work way more than 40 hours a week. I also grossly underestimated how much my father made.
I'll pull 240k this year, maybe 250k if it is a good Christmas.
This is after paying my dad 30k this year. I'll be paying that for about the next 20 years.
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