Device Pitstop specializes in computer repair, data recovery, and virus removal services. The franchise offers high-quality tech solutions, selling new and used computers, laptops, and tablets, providing customers with reliable service for all their tech-related needs.
Key Insights
- Device Pitstop began with a vision to provide accessible and reliable solutions for consumer electronics, evolving into a trusted name for device repair, sales, and trade-ins, building a foundation of customer service and technical expertise.
- The franchise model allows individuals to enter the electronics service industry by offering comprehensive support in operations, marketing, and supply chain, ensuring consistent service delivery across all locations.
- Operating within the electronics repair and refurbishment sector, the business addresses the growing demand for sustainable solutions and affordable access to technology, catering to a broad consumer base.
Franchise Fee and Costs to Open
Exploring the financial picture of Device Pitstop 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 $146,250 - $218,250, along with a franchise fee of $20,000 - $25,000.
Financial Performance and Revenue
Yearly gross sales of $313,927 and estimated earnings of $31,393 - $37,672 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 5.8-7.8 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
Device Pitstop provides comprehensive training for new franchisees. Initial training is five days long and takes place at Device Pitstop's corporate headquarters. The franchisor offers a detailed operations manual and recommends ongoing support resources.
Legal Considerations
Legal considerations for a Device Pitstop 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
A franchisee might consider local market competition for similar device repair services. The operational complexity of managing inventory, skilled technicians, and customer service presents a focus area. Reliance on specific suppliers for parts and the impact of their availability on service turnaround times are also considerations.
Franchise Datasheet
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