6/10

Franchimp Summary Rating

1 /10
Earnings Transparency
10 /10
Investment Accessibility
Lower than 0% of peers

Franchise Summary

Description
The franchise offered is for the operation of an iFixandRepair (IFAR) retail store for the maintenance and repair of smartphones, tablets, computers, and a variety of other devices and the sale of related gear and accessories. Each store/franchise will be opened and operated in accordance with our single store franchise agreement. There are two types of outlets: (1) a retail merchandising store and (2) a stand-alone kiosk. We also offer the right to develop multiple franchises under the Multiple Franchise Purchase Addendum.
Corporate Structure
We have offered franchises since 2021. We began offering the right to develop multiple franchises under a Multiple Franchise Purchase Addendum in 2019. We have not offered franchises in any other line of business. We do not operate businesses of the type being franchised, and we have no other business activities.

Earnings Transparency

1 /10
This Franchise discloses much 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

Franchise Types Available

# Type Investment Fees

Employee Contact Database

# Name Position Phone Number Email Address

iFixandRepair Franchise System Development in 2023

FAQ

How much investment do I need to start my own iFixandRepair business?
Franchisees typically require at least $78 to $147 investment to get their iFixandRepair business started
What are the initial franchise fees for iFixandRepair?
Franchisees typically need to pay at least $36 in fees directly to iFixandRepair in order to earn the right to launch their business
How much money can I make with a iFixandRepair franchise? What are the average revenues for a typical iFixandRepair business?
We haven’t done the math on how much revenue a typical iFixandRepair brings in each year. We estimate that other franchisees in the Retail industry generate $1,153,118 revenue, so we would expect iFixandRepair to generate a similar amount
How long do I need to commit to running a iFixandRepair unit? What is my contractual commitment?
iFixandRepair franchisees are typically required to sign up to a 10 year contract initially. The renewal length is 10 years. You can of course exit early but don’t expect to get any refund!

Accessibility

10 /10
The Franchisor's investment costs ranges from $78,200 to $147,450 which is Much Lower than the $0 to $0 average in the Electronics & Appliances Retail 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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