Asurion Tech Repair & Solutions is a provider of repair services for electronic devices. The franchise specializes in fixing smartphones, tablets, and gaming consoles, as well as other electronics.
Key Insights
- Asurion Tech Repair & Solutions developed through years of hands-on experience that revealed specific opportunities for improvement within the industry, resulting in innovative solutions that address common challenges while creating new possibilities for growth and customer satisfaction.
- Service customization addresses specific client requirements through flexible approaches and specialized expertise that adapt to unique project demands while maintaining consistent quality standards and professional service delivery that builds trust and long-term business relationships.
- The market demonstrates consistent growth driven by demographic changes, evolving consumer expectations, and increased awareness of service quality, creating opportunities for businesses that can adapt to changing needs while maintaining high standards of professional service delivery and customer satisfaction.
Franchise Fee and Costs to Open
Exploring the financial picture of Asurion Tech Repair & Solutions gives insight into both the upfront commitment and the potential revenue opportunity. According to FDD Item 7, opening this franchise typically involves an investment in the range of $118,350 - $369,555, along with a franchise fee of $25,000 - $40,000.
Financial Performance and Revenue
Yearly gross sales of $534,031 and estimated earnings of $53,404 - $64,084 show the potential financial performance of this franchise. These figures are crucial for prospective franchisees as they help to project revenue and profitability. They offer insight into the business's ability to generate income and can be used to compare its performance against other investment opportunities. The Franchise Payback Period of 4.7-6.7 provides an estimation of the time it might take for an owner to recover their initial investment. This metric is a key consideration for anyone evaluating the financial viability of a franchise, as it relates directly to the speed at which the business can become profitable. A shorter payback period can indicate a faster return on capital, which is a significant factor in making an informed decision about a franchise investment.
Training and Resources
Asurion Tech Repair & Solutions provides comprehensive initial training for new franchisees. This program, lasting two weeks, is conducted at their dedicated training facility. The franchisor offers extensive resources, including operational manuals and marketing guidance, to support business launch and ongoing success. They provide access to a robust support network and learning materials to aid in building a thriving business.
Legal Considerations
Legal considerations for a Asurion Tech Repair & Solutions franchisee are outlined in the Franchise Disclosure Document (FDD) and the Franchise Agreement. Note that this franchise discloses lawsuits and/or bankruptcy information in its FDD, which may impact your evaluation. Subscribe now to access more details and be sure to consult a qualified attorney before proceeding.
Challenges and Risks
Franchisees may encounter challenges with local market competition for tech repair services, requiring strategies to differentiate their offerings. Managing operational complexity, including staff training and inventory control, is crucial for consistent service delivery. Reliance on specific supply chains for parts can introduce risks related to availability and cost fluctuations.
Franchise Datasheet
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