UBREAKIFIX is a store and mobile unit providing repair services for computers, smartphones, tablets, gaming consoles, and other electronic devices. The franchise also accepts used electronics for resale or recycling.
Key Insights
- UBREAKIFIX began with a vision to provide accessible and reliable repair services for the growing world of personal electronics, evolving into a network dedicated to keeping devices functional and in the hands of their owners. The business has built its reputation on convenience and expertise.
- The franchise operates through a model of local repair shops offering a wide range of services for smartphones, tablets, computers, and other electronic devices. Customers can experience walk-in service, mail-in options, and even on-site repairs for certain needs, ensuring broad accessibility.
- Operating within the vital electronics repair sector, the business caters to the constant need for device maintenance and restoration as technology becomes increasingly integral to daily life. This industry is characterized by continuous innovation and a sustained demand for skilled repair solutions.
Franchise Fee and Costs to Open
Exploring the financial picture of UBREAKIFIX 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 $151,350 - $448,150, along with a franchise fee of $25,000 - $40,000.
Financial Performance and Revenue
Yearly gross sales of $597,830 and estimated earnings of $59,783 - $71,740 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 5.1-7.1 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
UBREAKIFIX provides comprehensive initial training for new franchisees. This program, lasting two weeks, is conducted at the UBREAKIFIX corporate headquarters in Memphis, Tennessee. The franchisor offers extensive resources covering operational procedures, repair techniques, and business management. Franchisees are provided with a robust support system and ongoing training opportunities to foster success.
Legal Considerations
Legal considerations for a UBREAKIFIX 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 considerations regarding local market competition, requiring strategies to differentiate their service. The operational complexity of device repair, including skilled technician management and inventory control, presents ongoing demands. Furthermore, reliance on specific supply chains for parts introduces potential vulnerabilities that impact turnaround times and customer satisfaction.
Franchise Datasheet
FAQs
What is the minimum cash required to open a UBREAKIFIX franchise?
How can I estimate the profitability and return on investment (ROI) of a UBREAKIFIX franchise?
What is the franchisee fee for a UBREAKIFIX franchise?
How to open a UBREAKIFIX franchise?
How many locations does UBREAKIFIX have?
Get insider access to franchise insights
Subscribe to receive expert tips, franchise rankings, and exclusive data straight to your inbox, trusted by thousands of aspiring business owners and investors.
Franchise resources & insights
Explore expert guides, data-driven articles, and tools to help you make smarter franchise decisions, whether you're just starting out or ready to invest.
