How ups franchise make money

After 20 years in the telecommunications industry, Rick Hildebrandt was ready to cash in his executive salary. He spent the majority of his career traveling, and felt as though he missed seeing his kids grow up. A few years after he retired, Hildebrandt decided it was time to go back to work at a job that allowed him to also see his family.

He and his wife opened their first UPS Store franchise in Today, they own three locations in Texas, including one of UPS's six 3-D print stores. Here's what he's learned in his second career. The UPS Store, with three Texas locations — Frisco, Allen and Plano. My wife and I opened our first UPS store franchise in Frisco, Texas in October of We liked that with a franchise came a proven concept and a recognizable brand name.

Through franchising, you start your business with a defined methodology and are given access to fully-developed, established tools.

There was a point when I realized I was missing my kids growing up. I was in a place financially that I could leave the corporate world and really be a parent. After I made my corporate exit, I spent time volunteering with nonprofits and helping small businesses with strategic planning.

Eventually, my wife and I started the search to find something to do together. Now we see each other daily in the stores and have the opportunity to share our common interest while growing our business. I was seeking the increasingly rare work-life balance and, thankfully, was able to obtain it through our franchise relationship with The UPS Store. I was immediately drawn to the identifiable UPS shield; the brand strength was a definitely a factor. I was also drawn to the network of other franchisees.

We looked at competitive organizations, but none were as strong or boasted as large of a network as The UPS Store.

Franchise Players: Why Franchisees Have to Be Owners, Accountants, Janitors and Everything in Between

How much would you estimate you spent before you were officially open for business? Rather than taking over an existing location or looking for a UPS store for sale, we opened our first store from scratch.

PostalAnnex | UPS FedEx Shipping | Mailbox Rental | Notary Public

Fortunately, we ended up sharing the cost of the build out with the building landlord, so we were able to recover some of those costs. I spent a lot of time visiting other The UPS Store locations and talking with other owners. I spent time reading up on franchises, but most of my information came from one-on-one interactions with others already involved with the company.

I Used All My Money to Buy a Franchise. I quickly discovered owning a business is a lot different than the corporate environment I was used to. On the day we opened, it was just me in the store. We did not have employees, and, if I remember correctly, we did not have customers either. I realized I was now the owner, accountant, bookkeeper, janitor, cashier and everything in between. I had to work to get customers in the door and keep them coming back. When you work for yourself, you wear every hat.

THE UPS STORE: How Much Do UPS Store Franchise Owners Make?

The life experience is great, so enjoy it! In the corporate world, everything is largely scaled. Make sure to not go in blindly and do as much research as possible before making decisions. When we were scouting our first location, I would park at a prospective property and sit in my car drinking coffee for a while.

I wanted to get a sense of the flow of traffic and if that location would work well for us. I looked to other nearby brands as well, especially since I figured Starbucks knew a little more about scouting properties than I did.

You have to figure things out for yourself and create your own success.

People are sometimes surprised how high tech we are in-store. For me, this is just another tool in the toolkit that we can offer to small businesses.

How a Newspaper Editor Developed an Entrepreneurial Mindset Through Franchising. Kate Taylor is a reporter at Business Insider. She was previously a reporter at Entrepreneur. This website uses cookies to allow us to see how our website and related online services are being used. By continuing to use this website, you consent to our cookie collection. More information about how we collect cookies is found here. Home Top 50 How To Magazine Franchise Events.

Why Franchisees Have to Be Owners, Accountants, Janitors and Everything in Between. Inspiring Your Team How 'Risky' Hires Can Become Your Most Loyal Staffers Jason Daley. Franchises Franchising's 4 Hottest Categories Offer Small Costs and Big Payoffs Jason Daley.

Rick Hildebrandt Franchise owned: The UPS Store, with three Texas locations — Frisco, Allen and Plano How long have you owned a franchise? Why did you choose this particular franchise?

I Used All My Money to Buy a Franchise What were the most unexpected challenges of opening your franchise? What advice do you have for individuals who want to own their own franchise? Franchise Franchises Franchise Players Franchise Buying Guide. Find the Right Franchise for You Complete our short quiz to pinpoint your perfect franchise match.

Get our best stories of the week direct to your inbox. Subscribe Now Gift Subscriptions Subscriber Services. Terms of Use Privacy Policy Cookie Policy Site Map. Skip Advertisement This ad will close in 15 seconds OK This website uses cookies to allow us to see how our website and related online services are being used. Receive customized news, stories and solutions direct to your inbox.