7/10

Franchimp Summary Rating

4 /10
Earnings Transparency
10 /10
Investment Accessibility
Lower than 0% of peers

Franchise Summary

Description
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 electronicequipment.
Company Background
Experimac is a franchise that provides services for electronic devices. They buy, sell, repair and refurbish cell phones, computers, tablets and other electronics. The company has been in business since 2002 and it has over 100 locations in the United States.
Franchise Opportunity
Many people have old electronics lying around, but don't know what to do with them. We buy and sell used Apple products for top dollar. If you're looking to get rid of your old cell phone or computer, bring it in! Experimac will pay cash on the spot for all working iPhones, iPads, iPods and Mac computers. Our store also offers a full line of repair services like screen replacement (iPhones only), battery replacement and hard drive recovery. Your unwanted electronic items can be recycled responsibly at our location as well. Bring us your broken devices so we can turn them into something new again!
Corporate Structure
Experimac Franchising, LLC is a limited liability company formed in June 2013 in the State of Florida. Their principal place of business is 2121 Vista Parkway, West Palm Beach, Florida 33411. They began granting Experimac franchises in October 2014.
Investment and Franchisee Fees
The total investment necessary to begin operation of an Experimac® store is from $142,010 to $321,140. These amounts include $64,500 to $92,000 that must be paid to the franchisor or an affiliate if you obtain financing for the purchase of your equipment to $159,400 to $186,900 that must be paid to the franchisor or an affiliate if you purchase your equipment.

Earnings Transparency

4 /10
This Franchise discloses slightly less 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

Employee Contact Database

# Name Position Phone Number Email Address

Distribution of Experimax Franchisees

Experimax Franchise System Development in 2017

FAQ

How much investment do I need to start my own Experimax business?
Franchisees typically require at least $146 to $351 investment to get their Experimax business started
What are the initial franchise fees for Experimax?
Franchisees typically need to pay at least $134 in fees directly to Experimax in order to earn the right to launch their business
How much money can I make with a Experimax franchise? What are the average revenues for a typical Experimax business?
We haven’t done the math on how much revenue a typical Experimax brings in each year. We estimate that other franchisees in the Retail industry generate $1,203,797 revenue, so we would expect Experimax to generate a similar amount
How long do I need to commit to running a Experimax 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 $10,005 to $38,076 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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