9/10

Franchimp Summary Rating

10 /10
Lower than 4% of peers

Franchise Summary

Description
The franchisee will operate a retail outlet under the ZAGG name and sell products and services approved by us, including protective glass, films and covers, audio products and accessories, battery cases, wireless charging and power solutions for consumer electronics and hand-held devices (collectively, the "Products"), and repair services we authorize for smartphones, cell phones and other electronic devices (the "Services").
Company Background
ZAGG is a leading manufacturer of protective cases for handheld devices, audio accessories and power solutions. ZAGG also offers repair services for smartphones, tablets, MP3 players and other electronic devices. ZAGG's customer-centric approach to innovation ensures that our products are practical, reliable and offer the best possible user experience.
Franchise Opportunity
Zagg is one of the most respected brands in mobile accessories. You can't find a better way to protect your phone and keep it charged than with ZAGG. Our cases are designed to be slim, lightweight and durable so you don't have to worry about adding bulk or sacrificing style for safety. If you want the best protection for your smartphone, then you need a case from ZAGG! We offer protective glass screen covers that will help prevent scratches on your screen as well as battery cases that provide extra power when needed.
Corporate Structure
ZAGG Inc is a corporation that was formed in April 2004 under the name Amerasia Khan Enterprises Ltd. (“AKE”). In February 2007, AKE entered into a merger agreement with its wholly-owned subsidiary, SZC Acquisition, Inc., a Nevada corporation (“SZC”), and ShieldZone Corporation, a Utah corporation, pursuant to which SZC merged with and into ShieldZone. Following the Merger, ShieldZone was converted into a Nevada corporation and was then merged up and into AKE, which changed its name to ZAGG Incorporated, which subsequently changed its name to ZAGG Inc. Effective June 13, 2016, they changed their state of incorporation from the State of Nevada to the State of Delaware. Their principal business address is 910 W. Legacy Center Way, Ste. 500, Midvale, Utah 84047.

Earnings Transparency

7 /10
This Franchise discloses slightly more information about the financial performance of their franchisees compared to other franchises in the same industry

Why do some franchises disclose more than others?
There are many reasons why a brand may choose to not include item 19 on their FDD: they could be a newer franchise, they may be in a unique industry that is not super profitable or well-known yet

Financial Performance of "Standard" Units

Average Revenue Per Unit

Compared vs. Retail Stores Industry

$282,907 / unit

Franchise Type: Standard

Average Revenue During 2020

$282,907
$282,907
Industry Low
$1,493,070
Industry High

Average Gross Profit Per Unit

Compared vs. Retail Stores Industry

$198,035 / unit

Franchise Type: Standard

Average Gross Profit During 2020

$198,035
$198,035
Industry Low
$768,662
Industry High

Franchise Types Available

# Type Investment Fees

Employee Contact Database

# Name Position Phone Number Email Address

Distribution of ZAGG Franchisees

ZAGG Franchise System Development in 2022

FAQ

How much investment do I need to start my own ZAGG business?
Franchisees typically require at least $49 to $109 investment to get their ZAGG business started
What are the initial franchise fees for ZAGG?
Franchisees typically need to pay at least $18 in fees directly to ZAGG in order to earn the right to launch their business
How much money can I make with a ZAGG franchise? What are the average revenues for a typical ZAGG business?
We estimate that the average revenue of an individual ZAGG unit is approximately $282,907. We based this on Item 19 in franchise disclosure document
How long do I need to commit to running a ZAGG unit? What is my contractual commitment?
The standard length for an initial franchise contract is 10 years. Renewals are also generally 10 years

Accessibility

10 /10
The Franchisor's investment costs ranges from $49,000 to $109,000 which is Much Lower than the $0 to $0 average in the Retail Stores industry
What determines the investment cost?
Item 7 of the Franchise Disclosure Document lays out the full list of initial investment costs, including the fee payable to the franchisor, security deposits, equipment, professional fees etc

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