2023 welcomes the 44th annual Franchise 500® ranking, a list of the best franchise opportunities available to business owners. The UPS Store is honored to be recognized for another consecutive year as a leader in the franchising space, with a No. 4 ranking on the Franchise 500 for 2023. This is the seventh year in a row that The UPS Store holds a top-five spot on the list, reinforcing the franchise opportunity as a solid choice for any prospective business owner. The UPS Store has ranked No. 1 in the Postal & Business Centers category for the 33rd consecutive year.
Over 5,100 The UPS Store locations across the U.S. and Canada make up our vast franchise network, including non-traditional store locations inside hotels, convention centers, pharmacies, hardware stores, military bases and college campuses. Growing demand for our products, services and expertise has contributed to a stable franchise network that continues to evolve with the needs of our customers and communities.
With another year of challenges and opportunities added to our expertise, The UPS Store continues to help entrepreneurs and small business owners forge ahead while serving communities everywhere.
Entrepreneur Magazine and the Franchise 500®
Entrepreneur magazine is the premier source for everything related to small business. First published in 1977, its almost 50 years has guided entrepreneurs and small business operators with advice and insights to expand their visions and grow their ventures.
Entrepreneur’s Franchise 500® is a world-leading, comprehensive franchise ranking. Over its 40-plus years in existence, the Franchise 500 has analyzed and researched thousands of franchise brands, perfecting the process of evaluation along the way. This list celebrates leading franchises and their contribution to the business community, with each year becoming increasingly competitive as franchising expands to new industries and types of businesses.
Five pillars help evaluate and rank a diverse pool of franchise opportunities, which include:
- Costs and Fees (Includes franchise fee, total investment, royalty fees)
- Support (Includes training times, marketing and operational support, franchisor infrastructure, financing availability, litigation)
- Size and Growth (Includes open and operating units, growth rate, closures)
- Brand Strength (Includes social media, system size, years in business, years franchising)
- Financial Strength and Flexibility (Includes franchisor’s audited financial statements)
The Franchise 500 uses an exclusive formula to score each franchise, regardless of size, based on more than 150 data points in the five pillars listed above. The 500 companies with the highest cumulative score make up each year’s Franchise 500 list.
What Makes The UPS Store a Great Franchise Opportunity
Prospective business owners evaluate many aspects of franchise ownership—and any specific franchise opportunity—before deciding to invest. Just like the criteria weighed by the Franchise 500, each entrepreneur must consider several factors.
Why do franchisees continue to choose The UPS Store year after year? Several characteristics make it one of the best franchise opportunities available.
Training
A comprehensive, four-phase training program gives new owners of The UPS Store the strategies and skills they need to launch and grow their business. Over 200 hours of training is incorporated into web-based, in-store and university-style business course classes.
Support
Our support team is always simply a call away. Whether franchisees are looking for troubleshooting help, expert advice or have questions about something specific, our team is here. In addition to training resources, we also provide nationwide advertising and marketing support including television, digital, print and radio. Regional and local campaigns, public relations support and turn-key marketing tools also help support our communities and allow franchisees to focus on applying their strengths to their business operations.
Brand Strength
The UPS Store and UPS brand names are widely known and trusted. After 40+ years in franchising with countless customers and communities served, brand strength continues to grow. It not only attracts new customers, but also new franchisees, and contributes to the overall value of the franchise system.
Community
The UPS Store locations offer products and services to help other small business owners, building a sense of community. We also provide a consistent and reliable experience which builds trust and loyalty, keeping customers coming back for repeat visits. Amongst the franchisee network, many owners also contribute to their local communities in the form of philanthropic efforts. This sense of community runs deep within The UPS Store network.
Learn more about franchise opportunities with The UPS Store by contacting our franchise development team. Discuss the possibility of owning your own retail location and becoming a valuable part of The UPS Store network.
