THE UPS STORE (TRADITIONAL)

Item 7 lays out the financial entry: franchise fee of $29,950 atop a total investment from $216,417 to $608,975, covering build-out for shipping, printing, and notary hubs targeting businesses and consumers. Ongoing fees bite at 5% royalty, 2.5% national ad fund, 1% marketing, plus $100-500/month collaborative dues and $202/month tech fee—reasonable for a turnkey model with national vendor ties. Item 19 shines bright: average gross revenue $719,842, median $686,743 across mature units, suggesting solid top-line potential in high-traffic spots, though profitability hinges on location and ops efficiency.

System vitality looks steady but not explosive: 4,500 franchise locations plus 500 corporate, up 2% from 5,232 to 5,350 units, with 118 projected new openings. Health metrics impress—terminations at just 8, non-renewals 3—yet 404 transfers hint at resale churn, possibly from owners cashing out. SBA data crushes doubts: 1,499 loans averaging $304,682 with a tiny 0.3% default rate, underscoring bank confidence. One litigation note flags a California dispute over termination threats and competition, but it's isolated. For hands-on operators eyeing $700K+ revenue in business services, this scales reliably, though scout real estate hard to hit the low-end investment.