The UPS Store – West Maple Ridge $119,000
The UPS Store – West Maple Ridge
11948 – 207 St., Maple Ridge BC $119,000
Overview:
The UPS Store – Maple Ridge branch is available for purchase. This store has been in its current location since 2007 (5 years) and owned by the current Owner for 5 years. A well-known brand, The UPS Store is a Franchise provided by the shipping company of the same name. Turnkey in operation and easy to operate, this franchise location is ideal for the person wanting a steady, stable revenue stream in an industry that is always in demand by customers. This is a great opportunity for a family team or as an extension of business for a company already providing business services.
Reason For Sale:
After 5 years of operation, the present Owner is looking for a change in activities.
Business Highlights:
Some of the highlights of this business are:
- Established for 5 years
- International Brand recognition in The UPS Store
- Plenty of untapped marketing activities available to drive up sales
- No competition in the immediate community
- Multiple streams of income from Shipping, Printing, and Mailbox rental
- Excellent location located in the well known Meadow Ridge Shopping Centre, near the Royal Bank and community stores.
- Lease cost has been reduced to $1800/month.
Products or Services:
This store has a number of different products and services available. Some of these are:
- Shipping / Courier Services – Domestic and International
- Packaging Supplies and Services
- Support Services such as Graphic Design, Fax, and Office Supplies
- Mailboxes for rent
- Printing Services such as Photocopies, Printing from Computer Files, Manuals, and Binding
- Business Forms can be created for items such as Business Cards, Stationary, Labels, and Carbon-less copies
- Finishing Services
- Courier services for UPS as well as, DHL.
Major Markets:
This store supports Maple Ridge and Pitt Meadows area. [Population approx 85,000]
Major Customers/Clients:
There are numerous customers / clients that use The UPS Store regularly
Marketing/Promotional Efforts:
As a member of The UPS Store franchise network, 3% of the gross sales go towards the National marketing activities. Aside from the Chain’s activities, the present Owner has done the following marketing / advertising activities:
- Advertisement in the [Google], Coffee net, Chamber of Commerce
- Word of Mouth
The present Owner has done limited marketing activities and that leaves a great deal of activities that can be done to drive up sales.
Sales Force:
Not applicable as this is a family driven business.
Competition:
There currently isn’t any UPS courier competition located in West Maple Ridge or Pitt Meadows. The only competition for Mailboxes is the Canada Post outlet.
Competitive Advantages:
Aside from the fact that there isn’t any competition for this particular location, the following are the Competitive Advantages:
- Located next to the Royal Bank which drives traffic past the store front
- The UPS Store has National name recognition
- The store front is located in one of the main West Side Malls of Maple Ridge
- Long term franchise with a renewal lease started in 2007 means that the locals know about the store and word of mouth is well established
- Equipment is up to date and mostly paid off. Will require the UPS integrated Computer system.
Organization:
This business is an incorporated company with shares owned by the present Owner.
Staff:
The only staff is the owner.
Facilities/Leases:
| Warehouse/Office | |
| SQ FT: | 730 |
| Rent: | $1800 per month (including HST) |
| Option: | Yes (for another 3 years) |
| Expire: | March 2015 left on present lease with option afterwards |
Location:
11948 207 Street., Maple Ridge located in the Meadow Ridge Shopping Centre on the North East side of Lougheed Highway.
Images of Facility:
Storefront.
Inside the Store:
Equipment: Included in price
- One Printer and includes a new Printer presently on month-to-month rental. The new owner is not obligated to any lease agreement, which is the best option.
- 2 computers
- Cash Register
- Office equipment such as scale, Binder, Laminator
- Store Front Signage, interior signage
- One business card cutter for urgent or smaller than 250 business cards.
Terms:
| Price & Terms: | |
| Price: | $119,000 |
| Down: | Negotiable |
| Terms: | Negotiable |
Financials: To Follow
Training:
Training required by UPS for owning The UPS Store franchise is as follows:
- 2 weeks at The UPS Store University
- 1 week with regional Franchisor
- 3 weeks with the current Owner
Other Information:
As this is a UPS Franchise, there are requirements associated with the sale and transfer of a “The UPS Store” franchise. Some of the requirements are things such as:
- Financial credit check
- Franchisee interview and personality testing (required to determine that the potential owner has the skill set needed to run a Franchise)
- Administration fees for transferring ownership
Conclusions:
This is the ideal situation for someone to take over a local business and make it fly. This business is a Nationally recognized name and is located in an area that has absolutely no competition. It’s also a turnkey operation that is simple to run. All it needs is an Owner that can see how far they can take it.
Listing information disclaimer: All information provided (including all financial statements) has been obtained from the Seller. Buyer is advised to fully investigate and verify all representations regarding subject businesses.
