4/10

Franchimp Summary Rating

4 /10
Investment Accessibility
Higher than 62% of peers

Franchise Summary

Description
The franchise offered is for the operation of a FAST-TEKS® On-Site Computer Services franchise business which provides affordable on-site computer services at a residential or business location.
Company Background
FAST-TEKS is the first and only on site computer services franchise with a mobile, full service team. We offer affordable on-site computer services at your location for all of life's technology needs. Whether you need help with hardware or software, we can get to you fast (hence our name) and fix it right there on the spot! Our motto is "we come to you" which means that we are able to provide reliable, prompt service without any hassle for busy professionals who don't have time to head into an office building--let alone wait around for hours in line. With FAST-TEKS, providing professional IT support has never been easier or more convenient.
Franchise Opportunity
Computers are integral to our lives. They help us communicate, work, play and more. But when something goes wrong with your computer it can be incredibly frustrating! Technology is constantly changing and updating which makes computers very complicated and prone to problems that require repair or replacement. The average cost of repairing a laptop is $300 while the average cost of replacing one ranges from $500-$2000 depending on the model you purchase. And if you're not tech savvy then it's even harder to fix them yourself! FAST-TEKS offers affordable on site computer services at a residential or business location in most major cities across Canada. We come right to your door so there's no need for traveling into town and waiting around for hours at an expensive shop just because your computer isn't working properly anymore! Our technicians will have you back up and running in no time flat for only $99 per hour (plus tax). You'll never overpay again
Corporate Structure
Fast-Teks Inc. is a Florida corporation, formed on June 25, 2004. Their current principal business address is 15310 Amberly Drive, Suite 185, Tampa, Florida 33647.
Investment and Franchisee Fees
The total investment necessary to begin operation of a FAST-TEKS Franchised Business ranges from $36,460 to $62,260.

Employee Contact Database

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FAQ

How much investment do I need to start my own FAST-TEKS business?
Franchisees typically require at least $36,460 to $62,260 investment to get their FAST-TEKS business started
What are the initial franchise fees for FAST-TEKS?
Franchisees typically need to pay at least $19,750 in fees directly to FAST-TEKS in order to earn the right to launch their business
How much money can I make with a FAST-TEKS franchise? What are the average revenues for a typical FAST-TEKS business?
We haven’t done the math on how much revenue a typical FAST-TEKS brings in each year. We estimate that other franchisees in the Professional Services industry generate $924,086 revenue, so we would expect FAST-TEKS to generate a similar amount
How long do I need to commit to running a FAST-TEKS unit? What is my contractual commitment?
FAST-TEKS franchisees are typically required to sign up to a 7 year contract initially. The renewal length is 7 years. You can of course exit early but don’t expect to get any refund!

Accessibility

4 /10
The Franchisor's investment costs ranges from $101,950 to $154,950 which is Much Higher than the $0 to $0 average in the Computer Products and Services 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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