Start a Parcel Plus Franchise in 2024

Franchise 500 Rank: N/R Not ranked last year

Initial investment: $226K - $320K

Units as of 2024: 22 4.8% over 3 years

With the world becoming increasingly interconnected, there may never be a better time to enter the shipping and mailing industry. Parcel Plus strives to understand the value of packages and how to get them from any corner of the world, straight to the client's doorstep. Safety and timeliness are their shipping goals.

Founded in 1986, Parcel Plus is a provider of packaging and shipping solutions. With the attitude that no parcel is too big or small, Parcel Plus believes it is a solid partner to big and small businesses that can rely on them to deliver on their promise.

Customers have stated that they love how they can personalize their shipping preferences with Parcel Plus' partners, including UPS, FedEx, and DHL, among others.

Since beginning to franchise in 1988, Parcel Plus has opened several locations throughout the United States.

Why You May Want To Start A Parcel Plus Franchise

With the flexibility of a well-connected shipping franchise, Parcel Plus may be anywhere customers are. Customers can always get their valuables carefully packaged, shipped, and scheduled to arrive at the specified address on time.

Besides shipping, Parcel Plus believes they are pros at creating business cards, printing, scanning, and shredding, among other services that customers may not have the time to complete on their own. The reach of the brand and its varied service range could highlight the potential for success that a Parcel Plus franchise may have.

The packaging and shipping industry is mature, but experienced brands like Parcel Plus still command respect even with increasing competition. Opening a Parcel Plus franchise could offer a more predictable outcome than investing in a completely new and inexperienced brand that may struggle to thrive. Parcel Plus also gives exclusive territories with their units to help franchisees succeed.

What Might Make A Parcel Plus Franchise A Good Choice?

Parcel Plus believes it has become a valuable business partner to big and small market players alike, who may love it for its expertise in shipping and packaging. Being a turnkey franchise with a fairly low overhead in a huge industry, Parcel Plus may be in an excellent position to succeed.

To be part of the Parcel Plus team, you should make sure you're financially ready for an initial investment made up of a franchise fee and other startup costs. In addition, you should prepare yourself for ongoing fees that will include advertising, royalty, and potential renewal fees. Franchisees will also need to meet the company's set net worth and liquid capital requirements.

How To Open A Parcel Plus Franchise

Before making any financial commitment or signing an agreement, you must perform your due diligence and establish if this is the right opportunity for you. As part of your due diligence, you may want to speak to existing franchisees and ask the Parcel Plus franchising team your questions.

If awarded a franchise, franchisees may receive support from the Parcel Plus team throughout the franchising process. In addition to pre-opening training, franchisees could receive support through brand awareness, marketing, research, and construction. They also may receive hands-on training and continued support after their units are operational.

Company Overview

About Parcel Plus

Industry	Services (Other)
Related Categories	Postal & Business Centers, Shipping Services
Founded	1986
Parent Company	Annex Brands Inc.
Leadership	Patrick F. Edd, CEO & President
Corporate Address	7580 Metropolitan Dr., #200 San Diego, CA 92108
Social	Facebook, YouTube

Business Overview

Franchising Since	1988 (36 years)
# of employees at HQ	43
Where seeking	This company is offering new franchises throughout the US. This company is offering new franchises worldwide.
# of Units	22 (as of 2024)

Information for Franchisees

Here's what you need to know if you're interested in opening a Parcel Plus franchise.

Financial Requirements & Ongoing Fees

Here's what you can expect to spend to start the business and what ongoing fees the franchisor charges throughout the life of the business.

Initial Franchise Fee Definition: The initial fee paid to a franchisor to join their system What you need to know: Found in Item 5 of the FDD, this may be a flat fee, or may vary based on territory size, experience, or other factors.The franchise fee is an up-front (one-time) cost that a new franchisee pays to the franchisor. This fee is usually due at the signing of the franchise agreement and covers the right to use the franchisor's trademarks, name, and related business systems.	$29,950
Initial Investment Definition: The total amount necessary to begin operation of the franchise What you need to know: The initial investment includes the franchise fee, along with other startup expenses such as real estate, equipment, supplies, business licenses, and working capital. This is outlined in a chart in Item 7 of the FDD, showing a range of possible costs from low to high.	$226,080 - $319,780
Net Worth Requirement Definition: The minimum net worth you must have in order to qualify to become a franchisee of this company What you need to know: Net worth is the value of a person's assets minus liabilities. Assets include cash, stocks, retirement accounts, and real estate. Liabilities include items like mortgages, car payments, and credit card debt.	$200,000
Cash Requirement Definition: The minimum liquid capital you must have available in order to qualify to become a franchisee of this company.	$50,000
Veteran Incentives Definition: A discount or other incentive offered to military veterans who buy a franchise with this company.	25% off franchise fee
Royalty Fee Definition: A ongoing fee paid to the franchisor on a regular basis. What you need to know: Most franchisors require franchisees to pay an ongoing royalty fee, which is detailed in Item 6 of the FDD. This fee is typically a percentage of weekly or monthly gross sales, but may also be a flat weekly, monthly, or annual fee.	5%
Ad Royalty Fee Definition: An going fee paid to the franchisor on a regular basis to support advertising or marketing efforts. What you need to know: This may also be called advertising fee, marketing fee, brand fund fee, and more, but the basic purpose is the same-- to support promotion of the brand systemwide. As with the royalty fee, it is detailed in Item 6 of the FDD, and can be a percentage of weekly or monthly gross sales or a weekly, monthly, or annual fee.	2%
Term of Agreement Definition: The length of time your franchise agreement will last. What you need to know: Franchise terms are typically anywhere from 5 to 20 years in length, but are sometimes instead dependent on factors such as the term of your lease. Once your term is up, you may have the option to renew your agreement, typically for a smaller fee than the original franchise fee.	20 years
Is franchise term renewable?	Yes

Financing Options

Some franchisors offer in-house financing, while others have relationships with third-party financing sources to which they refer qualified franchisees.

Third Party Financing	Parcel Plus has relationships with third-party sources which offer financing to cover the following: franchise fee, startup costs, equipment, inventory

Training & Support Offered

Franchisors offer initial training programs and a variety of ongoing support options to help franchisees run their businesses.

On-The-Job Training	32 hours
Classroom Training	72 hours
Ongoing Support	Newsletter Meetings & Conventions Toll-Free Line Grand Opening Online Support Lease Negotiation Field Operations Site Selection Proprietary Software Franchisee Intranet Platform
Marketing Support	Co-op Advertising Ad Templates National Media Regional Advertising Social Media SEO Website Development Email Marketing

Operations

Additional details about running this franchise.

Is absentee ownership allowed?	Yes
Can this franchise be run from home/mobile unit? Definition: The business can be run from your home and/or a vehicle, and it is not necessary to have a retail facility, office space, or warehouse.	No
Can this franchise be run part time? Definition: This business can be run by the owner on a part-time basis (less than 40 hours per week) and/or as a side business; it is not necessary for the business to be open/run full-time.	No
# of employees required to run	3
Are exclusive territories available? Definition: An exclusive territory is a fixed area in which you are given the right to operate and in which no other units of the same franchise may be opened. What you need to know: Territory size may be based on factors such as radius, population size, zip codes, and more. Details can be found in Item 12 of the FDD.	Yes