PostNet
Date of Incorporation: 1992
Franchising Since: 1992
Headquarters: Colorado
Country: U.S.
Description: PostNet offers franchises for retail stores which provide business and consumer services and products under the trade name ‘PostNet’
Franchise Offer: PostNet offers franchises for a retail business which provides business and consumer services and products pursuant to a unique and distinctive marketing program. Among the services and products the businesses typically sell are black and white/color photocopying, digital photocopy and scanning, computer and Internet services, printing and finishing services, overnight air express and ground shipping (domestic and international), packaging services and supplies, private mailbox rentals, facsimile services, notary public services, and office supplies. Most Centers will be located in high traffic areas that provide ample parking, significant foot traffic, and exposure to a public thoroughfare.
Financial Assistance: The franchisor does not presently offer either direct or indirect financing and does not guarantee note, lease or other obligation.
Training and Assistance: The Classroom Training Program will last for approximately 7 to 10 calendar days. Training will be held at the corporate headquarters in Denver, Colorado. Training will cover basic customer service and Center operations. The franchisor will provide training instructors, a training manual, and other materials without charge. The franchisee will be responsible for all other expenses incurred during the Classroom Training Program, such as travel, lodging and meal costs. The Initial Onsite Training Program will be held at the Center at the time the Center opens. The trainer will be a PostNet Certified Trainer who may be one of the Area Franchisees, and the training will cover Center set-up, daily operations, use and maintenance of equipment, service fulfilment, advertising, merchandising, and marketing. Training will last for 4 to 6 calendar days, of which 1 to 3 days will be after the Center is open for business.
Territory: The Franchise Agreement designates the Approved Location for the Center. During the term of the Franchise Agreement, neither franchisor nor any affiliate will establish or operate, or franchise any entity to establish or operate, a business using the Proprietary Marks and System at any location within the area described in the Franchise Agreement.
Term of Agreement and Renewal: The length of the Franchise Term is 15 years. The successor franchise right allows a franchisee to remain as a franchise after the expiration of the initial term of Franchise Agreement.
Obligations and Restrictions: The franchisee or the designated Center manager must devote full-time and best efforts to the management and operation of the Center. The franchisee or the Center manager and other employees are required to attend and satisfactorily complete Classroom Training Program and Initial Training Program before opening the Center for business.
Total Number of Units: 733 units
Investment Tables:
Initial Investment:
| Name of Fee | Low | High |
|---|---|---|
| Initial Franchise Fee | $29,900 | $29,900 |
| Center Development Fee | $89,900 | $89,900 |
| Lease of Center Premises | $1,375 | $6,000 |
| Equipment Lease Payments | $950 | $950 |
| Security Deposit Fees | $3,000 | $8,000 |
| Insurance | $900 | $2,000 |
| Classroom Training | $1,000 | $2,500 |
| Fee for first year advertising program | $6,500 | $6,500 |
| Miscellaneous Pre-Opening Expenses | $3,500 | $7,500 |
| Additional Funds(during the first 8-12 months) | $30,000 | $40,000 |
| Total | 172,025 | $198,250 |
Ongoing Fees:
| Type of Fee | Amount |
|---|---|
| Royalty Fee | 5% of gross sales |
| National Advertising Fund Contribution | 2% of gross sales |
| Interest on Late Payments | Lesser of 18% per annum, calculated daily, or highest legal rate |
| Transfer | $5,000 to $22,475 |
| Audit | Amount of underpayment, interest, and cost of audit estimated to be between $600 to $3,000 |
| Music Service Fee for the Center | $38 |
| Training Meal Fee | $249 per person |
| Additional Training | $325 per day plus reimbursement of the trainer's expenses, which are estimated to be between $75 to $150 per day |
| Successor Franchise Fee | 15% of the then-current Initial Franchise Fee |
| Indemnification | Will vary under circumstances |
| National Franchisee Convention Fee | Varies each year |
| Annual Software Fee | $600 to $700 per year |
| Reimbursement of monies paid | Varies |
Date of FDD: 2009
The above information has been taken from the UFOC/FDD and online sources of PostNet.
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