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    Experimax

    Description

    What to know about Experimax franchise?

    Experimax buys, sells, repairs and refurbishes used cell phones, computers, tablets and other electronic equipment. Experimax is a franchise concept in the Retail Products and Services industry.

    Investment Amount

    $201K-$351K

    Franchise Fee

    $49,500-$49,500

    Year of Founding

    2013

    U.S. Franchised Units

    101

    U.S. Corporate Units

    4

    Total U.S. Units

    105

    Franchise Data
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    * Closed includes terminations, non-renewals, and ceased operations

    Franchise Graph
    Additional Details

    Where was Experimax founded?

    Experimax was founded in West Palm Beach, Florida.

    When did Experimax start offering franchises

    Experimax started offering franchises in 2014.

    How much does a Experimax franchise cost?

    The minimum amount required for a franchisee to invest is $201,360, and can go all the way up to $351,140.

    How many Experimax units are in the United States?

    There are 105 Experimax locations in the United States, of which 4 are corporate units and 101 are franchise units.

    From the Franchise Disclosure Document of Experimax, that was issued on February 27, 2020.

    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.

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    Download our guide to compare Experimax to the Retail Products and Services industry.

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    Details
    • Investment Amount Low

      $201,360

    • Investment Amount High

      $351,140

    • U.S. Franchised Units

      101

    • U.S. Corporate Units

      4

    • Total U.S. Units

      105

    • Year of Founding

      2013

    • Started Offering Franchises

      2014

    • Marketing Fee

      1.0%

    • Royalty Fee

      6.0%

    • Franchise Fee

      $49,500-$49,500

    • Item 19 - Franchise Financials Disclosed?

      No

    • Headquarters (State)

      Florida

    • Headquarters (City)

      West Palm Beach

    • Issuance of FDD (Data Last Updated)

      2/27/2020

    • Last Updated on Vetted Biz

      August 2020

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    Detailed Metrics

    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.

    U.S. Franchised Units

    101

    U.S. Corporate Units

    4

    Total Number of Units

    105

    Industry Report Request

    Download our guide to compare Experimax to the Retail Products and Services industry.

    By clicking the button, you agree to Vetted Biz’s Terms of Use and Privacy Policy and consent to receive notices and other communications electronically.

    SBA Loan Data

    SBA Loan for Experimax Details

    Please visit the SBA Loan Franchise Directory for the latest details on each franchise and its SBA loan eligibility.

    Vetted Biz has reviewed the SBA Loan Data for Experimax. Experimax is available for SBA financing. Experimax's SBA Franchise Identifier Code was issued on October 1, 2017. Experimax also meets the Federal Trade Commission's definition of a franchise.

    SBA Loan Information
    • Loan Eligible for SBA financing (listed on SBA Franchise Directory)?

      Yes

    • Meets the FTC's definition of a franchise?

      Yes

    • Franchise Identifier Code for SBA Loans

      S0590

    • Issuance Date of Identifier Code

      October 1, 2017

    • Addendum Required for SBA Financing?

      Yes

    • SBA Standard Addendum (Form 2462)

      No

    • SBA Negotiated Addendum

      Yes

    • FDD Issuance Date

      2/27/2020

    • Last Reviewed on SBA Franchise Directory

      June 2020

    • Last updated on Vetted Biz

      August 2020

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    Detailed SBA Loan Data Request

    Contact us today for a due diligence on all current and past SBA Loans issued to Experimax

    As part of our due diligence process for franchises, we review the SBA loan success ratio. This is a fundamental indicator for measuring past success for a given franchise brand. We review SBA loan data for the past 30 years (including SBA loans paid in full and charged off). If you engage our services, we will vet Experimax for items that influence the business success should you decide to buy a Experimax franchise. The SBA loan success ratio is an important factor we consider along with other items included on our franchise search & due diligence page.

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