PostNet Franchise is Growing Worldwide
PostNet looks to open more centers in Dominican Republic, Costa Rica and Panama
While PostNet franchise owners in the United States are a critical part of our business, international activity also has been a key driver of growth. We have more than 400 locations overseas, including in Australia, Brazil and Columbia. But we don’t plan on stopping there. Our next stop? PostNet International growth in Costa Rica and Panama, and a possible entry into the Dominican Republic.
Recently co-founder Brian Spindel visited centers in Costa Rica and Panama to meet with the franchisees and staff and discussed plans for additional PostNet centers in that part of the world.
We have one PostNet center in Costa Rica and a plan to build more in 2015. There are 11 locations in Panama with plans for three others to open in the next three to six months. PostNet also has plans to begin developing centers in the Dominican Republic in 2016.
The Dominican Republic provides growing opportunities for franchise owners as the country works to improve its small business environment. Officials recently announced that the time to register a company has been cut from 45 to 7 days and the process for issuing a property title has been streamlined.
In addition, two ministries, Industry and Commerce (MIC) and Tertiary Education, Science and Technology (MESCYT) implemented programs to offer seed money to boost young entrepreneurs, while MIC launched a training program to strengthen business management practices and quality enhancement for more than 5,000 small and medium-sized enterprises.
PostNet’s plan for international growth comes on the heels of a megadeal that underscores just how well known the PostNet global brand has become: Aramex, a leading provider of logistics and comprehensive transportation solutions, acquired the master franchise for the PostNet brand in South Africa.
The $16.5 million deal will make Aramex services, which include international and domestic express shipping and its e-commerce business “Shop and Ship,” available across all PostNet locations in South Africa.
With 287 centers serving more than 55,000 customers daily, the PostNet franchise is South Africa’s largest privately owned counter network in the printing and shipping industry. Under terms of the deal, each South African PostNet center will continue to be owned and operated by their respective franchisees.
“Internationally I see a tremendous amount of opportunity. … With our current international partners we could be looking at 500 centers in the near term. And again, longer-term there is no reason we couldn’t have well over 1,000 units internationally,” Spindel said. “I think that would come through master franchisees in additional countries. We’ve done nothing in Mexico, for example, because we just haven’t found the right partners there. I think we have a lot of opportunity to grow in Canada. Also, we don’t have any presence so far in Europe. So we’ve really got some great opportunities, and we’ve got some great success stories, too.”
For in-depth details about the PostNet franchise opportunity, download our free franchise report. You can also learn more by visiting our research pages. To learn about opportunities to bring PostNet to new countries, visit www.postnet.wpengine.com/international.