Worldwide Express is a shipping company geared specifically toward assisting small and medium-sized businesses with their shipping needs. Because smaller companies do not often ship a high volume of items, they are often excluded from receiving the lowest rates. Worldwide Express works with existing shipping companies to get these smaller businesses’ materials transported at lower costs. In 2008, Worldwide Express drew the attention of UPS, the world leader in package delivery, and a partnership between the two companies soon formed. Now, UPS assists Worldwide Express in providing customers with unprecedented shipping advantages like faster delivery times and delivery to even more door to door locations across the globe. Worldwide Express also offers freight shipping for jobs where air travel or ground transport will not suffice.
Full Franchise Information
Worldwide Express is a privately held company that offers franchisees training at both headquarters and on-site, including a rigorous sales and management course. Ongoing support is provided after the Worldwide Express location is in action. Franchisees must be active in their ownership; absenteeism is not permitted. Half of Worldwide Express franchisees own multiple units.
Worldwide Express Franchise Opportunities - History
Worldwide Express was founded in 1991 and began franchising in 1995. With over 200 locations currently, Worldwide Express is headquartered in Dallas, Texas.
Worldwide Express Franchise Cost / Initial Investment / Worldwide Express Franchise Income
Worldwide Express’s franchise fee varies greatly depending on a number of factors, ranging between $33,125 and $327,500 for a five-year renewable agreement. Accordingly, the total investment can fall between $46,000 and $364,850. Additionally, Worldwide Express charges a 6% ongoing royalty fee of 6%. Potential franchisees must have a net worth of at least $50,000, though that amount is presumably larger for the more expensive franchise options.
Worldwide Express Business Opportunities: Other Information
Shipping is a $65 billion industry annually, of which Worldwide Express has a significant share. In fact, the company completed more than $400 million in sales last year.