iFixandRepair Franchise FDD, Costs & Fees (2024)
KEY FRANCHISE STATS
All you need to know about this franchise in a snapshot
Initial franchise fee
$25,000
Investment required
$68,000 - $147,000
Royalty fee
$850 - $2,000 per month
iFixandRepair: Leading the Charge in Tech Repair Solutions
iFixandRepair is a leading franchise specializing in electronic device repair services. Founded in 2012 in Atlanta, Georgia, the company has quickly established itself as a prominent player in the tech repair industry.
Headquartered in Atlanta, iFixandRepair began offering franchise opportunities in 2016, expanding its reach across the United States and internationally. The franchise focuses on repairing a wide range of electronic devices, including smartphones, tablets, laptops, and game consoles.
iFixandRepair stands out from competitors by offering a comprehensive range of services, including screen replacements, battery repairs, and water damage repairs, all with a commitment to high-quality parts and customer satisfaction.
Their emphasis on quick turnaround times and affordable pricing has helped them build a strong reputation in the tech repair market.
Initial investment
Here's what you would need to invest if you were to start this franchise. These costs are provided by the franchisor in the Franchise Disclosure Document.
iFixandRepair offers 2 types of franchises:
| Type of iFixandRepair Franchise |
Initial Investment |
| Single Unit iFixandRepair Stand-Alone Kiosk Franchise |
$68,200 to $124,950 |
| Single Unit iFixandRepair Retail Merchandising Store Franchise |
$78,200 to $147,450 |
We are summarizing below the main costs associated with opening a Single Unit iFixandRepair Retail Merchandising Store Franchise.
For more information on the various types of franchises and its costs, refer to the Franchise Disclosure Document (Item 7).
Single Unit iFixandRepair Retail Merchandising Store
| Type of Expenditure |
Amount |
| Initial Franchise Fee |
$25,000 for a single unit |
| Transportation and living expenses while training (out-of-pocket for 1 person) |
$1,500 to $2,500 |
| Rent and/or Lease Security Deposit |
$2,500 to $5,000 |
| Lease Liability Fee |
$0 to $5,000 |
| Leasehold Improvements, remodeling, Licensing, Permitting |
$15,000 to $40,000 |
| IFAR in a Box |
$10,000 to $22,500 |
| Opening inventory and supplies |
$7,000 to $17,000 |
| Insurance |
$750 to $1,500 |
| Software license fee |
$1,450 |
| Grand Opening and Initial Advertising (initial 3 months) |
$5,000 to $7,500 |
| Additional Funds for the Initial 3 Months |
$10,000 to $20,000 |
| Total Estimated Investment |
$78,200 to $147,450 |
Get
more
information
about
iFixandRepair
Interested in becoming a franchisee? Get matched with a franchise consultant to discuss your options. For free
Get a free consultationNumber of units
Franchise Disclosure Document
Training
iFixandRepair offers a comprehensive training program for its franchisees to ensure they are well-equipped to deliver high-quality repair services and manage their businesses effectively. The training program includes:
- Technical Training: Franchisees receive detailed instruction on repairing a wide range of electronic devices, including smartphones, tablets, laptops, and game consoles. This training covers various repair techniques, the use of specialized tools, and the handling of different types of damage.
- Customer Service Training: Emphasis is placed on delivering excellent customer service, including managing customer interactions, handling inquiries, and addressing complaints. This training helps franchisees build strong relationships with customers and ensure high levels of satisfaction.
- Operational Training: Franchisees are trained in the daily operations of running an iFixandRepair location. This includes managing inventory, using the point-of-sale system, and following company procedures and standards.
- Marketing and Sales Training: Franchisees receive guidance on local marketing strategies, promoting their services, and driving sales. This includes training on leveraging digital marketing, local advertising, and community engagement to attract and retain customers.
Territory Protection
iFixandRepair offers territory protection to its franchisees to ensure that each location has a defined geographic area where no other iFixandRepair franchise will operate.
This territory protection helps franchisees avoid direct competition from within the brand, allowing them to build and maintain a loyal customer base without concern for encroachment from neighboring franchisees.
The protection typically includes a specific radius around each franchise location, ensuring that franchisees can focus on growing their business without the risk of cannibalizing their own market. This strategic approach helps maintain the value of each franchisee's investment and supports the overall success of the brand.
