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General

Industry

Retail Products and Services

Category

Specialized Repair

SBA Identifier

S0590

Year of Founding

2020

Fees

Marketing Fee

Varies

Royalty Fee

Varies

Franchise Fee

$49,500-$49,500

Investment Range

$146K-$351K

Location units

Total U.S. Locations

69

U.S. Franchised Units

69

U.S. Corporate Units

0

Headquarters (City)

West Palm Beach

Other

Item 19 - Franchise Financials

Yes

Financing Availability

yes

Started Offering Franchises

2020

Issuance of FDD Data

03/03/2021

What to know about Experimax franchise?

The franchisee will own and operate an Experimax franchise which operates a retail business buying, selling, repairing and refurbishing used cell phones, computers, tablets and other electronic equipment.

Experimax is based in West Palm Beach, FL. Scroll down to learn more!

How much does a Experimax franchise cost?

Are you wondering how much is a Experimax franchise? Before starting a Experimax franchise, it is important to know the franchise fee, working capital and other costs required to start the business.

The minimum investment amount required to open a Experimax franchise is $146,339 and can go all the way up to $351,140. Keep in mind, you should also allocate additional funds to live off of while the Experimax business ramps up. This can take as little as 6 months to over 2 years depending on the franchise opportunity. You should speak to at least 5 Experimax franchisees to understand the true cost of opening the franchise and how long it takes to: 1) start a Experimax business 2) pass break even 3) hit significant income.

After (and if) you pass the point of earning significant income from your Experimax franchise, there may be enough margin to hire a day-to-day manager and work less hours in the business.

Franchise Net Unit Growth

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Industry Report Request

Download our guide to compare Experimax. Hotels to the Specialized Repair, Outdoor Retail Products and Services industry.

Franchise Data

Year Start of Year Units Opened Units Closed End of Year
2016 17 60 5 72
2017 72 43 19 96
2018 96 23 17 101
2019 101 8 13 96
2020 96 2 29 69

Additional Details

How much does a Experimax franchise owner make?

Experimax franchise earnings and revenue can vary significantly from one franchisee to another.
The Experimax franchise owner profits can be influenced by labor costs, lease rates, hours worked as well as other factors.

Experimax discloses financials at the unit level. In other words, they show how much Experimax franchisees made in the past. Through analyzing this information available in the metrics tab, it can serve as a good basis to further explore the opportunity or not.

At Vetted Biz, we advise you to speak with 5 to 10 franchisees to understand how much money they are making from the Experimax franchise. Roughly 60% of franchises disclose financials and it makes the process easier when filtering potential franchise opportunities like Experimax. Don’t just speak to existing franchisees, call franchisees who have recently left the system and try to find out how much those Experimax owners were making.

Visit the Experimax metrics tab to explore the financials for this business.

What is the Experimax franchise fee?

Owning a Experimax franchise requires Varies royalty fee and Varies marketing fee. These two expenses represent the main ongoing costs you can expect to pay the franchisor throughout the franchise relationship. There may be other ongoing fees disclosed in the Experimax Franchise Disclosure Document

Keep in mind, there is also an initial Experimax franchise fee of $49,500 that is included in the initial investment amount of $146,339 to $351,140. Depending on the franchise agreement you sign, you might have to pay the full franchise fee again if you decide to extend the Experimax franchise relationship. Consult with a licensed franchise attorney to understand exactly what you receive for paying the Experimax franchise fee of $49,500.

Visit the Experimax metrics tab to explore the financials for this business, royalty and marketing fees compare to other Retail Products and Services franchises. You can also compare these fees for 2,000+ franchises currently offered in the U.S.

When was Experimax founded?

Experimax started offering franchises in 2020. Experimax was founded 2 years ago in 2020.

At Vetted Biz, we recommend franchises have 3-5 corporate locations and 5+ years of experience before offering a franchise. There needs to be proof that the business model works and is replicable before offering the franchise to other!

How many Experimax locations are in the U.S.?

As of 2021, there were 69 locations across the U.S. There are also 0 corporate locations. Most Retail Products and Services franchises like Experimax have more franchised locations than corporate locations.

How many Experimax franchises opened over the past few years?

Over the prior 3 years we have data for, Experimax has opened 33 outlets throughout the U.S. Visit the Experimax metrics tab to explore how the openings compare to other Retail Products and Services franchises.

How many Experimax franchises closed over the past few years?

Over the prior 3 years we have data for, Experimax has closed 59 outlets throughout the U.S

Visit the Experimax metrics tab to explore how the openings compare to other Retail Products and Services franchises.

Is Experimax growing? Are they opening more locations than they are closing?

The net unit growth rate for Experimax over the past 3 years is -28%. Over the last year we have data for, Experimax had a net unit growth rate of -28%.

Without a comparison, this number doesn’t mean much. Compare how the Experimax growth rate compares to 2,000+ other franchises and Industry franchises like Experimax. More info in the Experimax metrics tab.

Is Experimax franchise eligible for an SBA Loan?

Experimax is eligible for SBA loans including the 7(a) loan. To find out more about the SBA loan program for franchising click here.

Experimax franchise was assigned the SBA Franchise ID of S0590 on 10/01/2017. This DOES NOT mean the SBA endorses this franchise. The SBA Franchise Directory will only include business models like Experimax that are reviewed and found eligible under SBA’s affiliation rules and other eligibility criteria. Currently, there are over 7,000 franchise opportunities that the SBA has deemed eligible for SBA financing.

Is Experimax a franchise in the United States?

According to the SBA, Experimax meets the Federal Trade Commission (FTC) definition of a franchise. The FTC Franchise Rule requires franchisors to provide all potential franchisees with a disclosure document (FDD) containing 23 items about the franchise, its officers, and other franchisees. Be sure that Experimax provides you with an FDD if you are in discussion to buy a Experimax.

What is the Experimax Franchise for Sale Rate?

The Experimax systemwide health and franchisee satisfaction can be measured by the Experimaxfranchise for sale rate. The franchise for sale rate is calculated by the percentage of units transferred to new franchisees and reacquired by franchisor.

Experimax franchise for sale rate over the past 3 years is 13%. Over the last year we have data for, Experimax had a franchise for sale rate of 4%.

Without a comparison, this number doesn’t mean much. Compare how the Experimax franchise for sale rate compares to 2,000+ other franchises and Industry franchises like Experimax. More info in the Experimax metrics tab.

What is the Experimax Franchise Failure Rate?

Experimax franchise failures comprise franchise terminations, franchise non-renewals, and franchises that ceased operations for other reasons. The failure rate is one of the most important franchise metrics to consider when investing in a franchise!

Experimax failure rate over the past 3 years is 86%. Over the last year we have data for, Experimax had a franchise failure rate of 42%.

Without a comparison, this number doesn’t mean much. Compare how the Experimax franchise for sale rate compares to 2,000+ other franchises and Industry franchises like Experimax. More info in the Experimax metrics tab.

How can I find out more details on Experimax franchise?

Visit the Experimax metrics tab to explore franchise profitability, industry comparables and more. Become a Vetted Member today today for exclusive access on this franchise opportunity!

Investment Midpoint

The average of the low and high range of the investment amounts calculated from the most recently available Franchise Disclosure Document

Experimax

$248,740

Industry median

All franchises median

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Royalty Fee

The median royalty fee from the Franchise Disclosure Document

Experimax

Varies

Industry median

All franchises median

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Franchise Fee Midpoint

Payment that the franchisee must pay to the franchise owner in order to start a franchise.

Experimax

$49,500

Industry median

All franchises median

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Item 19 – Financial Performance Representations

Historical financial performance representations

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Franchise Financials

Franchisor company financial information and financial performance representations, if disclosed by the franchisor.

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Franchise Disclosure Document

Download Latest FDD (2021)

General

Industry

Retail Products and Services

Category

Specialized Repair

SBA Identifier

S0590

Year of Founding

2020

Fees

Marketing Fee

Varies

Royalty Fee

Varies

Franchise Fee

$49,500-$49,500

Investment Range

$146K-$351K

Location units

Total U.S. Locations

69

U.S. Franchised Units

69

U.S. Corporate Units

0

Headquarters (City)

West Palm Beach

Other

Item 19 - Franchise Financials

Yes

Financing Availability

yes

Started Offering Franchises

2020

Issuance of FDD Data

03/03/2021

Detailed Franchise metrics for Experimax

Detailed Franchise Metrics are metrics calculated and reviewed by Vetted Biz. You can find the available metrics for Experimax below. “N/A" or Not Applicable results mean that there is not enough data available to compute a precise rate or that the result is not mathematically computable. When results are not mathematically computable, you should pay attention to the absolute values (#) instead of the percentage rate itself.

Franchise Fee Midpoint

Payment that the franchisee must pay to the franchise owner in order to start a franchise.

Experimax

$49,500

Industry median

All franchises median

Unlock premium content

Franchise Disclosure Document

Download Latest FDD (2021)

Net Unit Growth (most recent year)

Net Unit Growth (3 years)

Failure Rate

Franchise failures comprise franchise terminations, franchise non-renewals, and franchises that ceased operations for other reasons.

 

1 year

3 years

Experimax

14%

86%

Industry median

All franchises median

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Franchise for Sale Rate

The percentage of units transferred to new franchisees and reacquired by franchisor.

 

1 year

3 years

Experimax

2%

13%

Industry median

All franchises median

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Business details

Website

https://***********.com

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Business email

**********@******.com

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Mailing address

2121 Vista Parkway

State headquarters

Florida

Key leadership

Experimax

Phone

+1 (000) 0********00

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City

West Palm Beach

Zip code

33411
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