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New opportunities in the cell phone and consumer electronics repair industries are a result of rapid advances in wireless mobile and computer technology. But unlike in the past, when people had a problem with their cell phone, laptop or game system and just went out to replace it with a new one, people are now looking to repair or trade their devices to reduce cost. This is especially true in today's market, with the high price of cell phones and the recent Smartphone equipment phenomenon that has flooded the marketplace. People and businesses now have much more limited options when these expensive devices break or are damaged. 1800FIX.com understands the frustration that comes with this and has built a strong, highly recognizable business and brand over a fifteen year period that is engaged in the repair, purchase, sale and trading of consumer electronics and related accessories, such as cell phones, computers, cameras, tablets, iPods and game systems, in addition to offering great pre-paid cellular services.
Now we are bringing this unique, growth oriented business model to the franchise marketplace so that others can enjoy the opportunities that a 1800FIX.com store can offer.
We are looking for highly motivated, business minded people searching for independent ownership. The ideal candidate will be excited about the opportunity to build a highly successful cell phone and computer repair business. 1800FIX.com is ideal for someone who understands consumer electronics and is able to multi task in a busy retail environment, prior technical experience in the field is not necessary. Our franchisees must also be financially qualified.
How much is my franchise fee and what is included?
The franchise fee is $25,000 for the initial franchise agreement. The franchise fee for subsequent agreements is reduced to $20,000. Included in the fee is an exclusive territory, use of the 1800FFIX.com brand name, operating systems, logo, trade dress, comprehensive training program and ongoing support.
What are the ongoing fees?
You will be required to pay 7% of Gross Revenues to 1800FIX.com Franchising, LLC. There is also a 2% Brand Development Fee.
What do I need financially to open a 1800FIX.com store?
We require potential franchisees to have a minimum of $100,000 net worth with at least $75,000 in liquid capital.
Is financing available?
Yes, there are many ways to finance your 1800FIX.com location. While we do not provide direct financing to franchisees, we will discuss various financing options including traditional SBA loans, home equity loans, and retirement fund rollovers.
How much money can I make?
Franchise Laws prohibit all franchise concepts from answering this question. We recommend that all prospective franchisees make their own independent investigation to determine what they believe their own potential may be.
What kind of support will franchisees get?
1800FIX.Com provides its franchisees with support from site selection approvals to store opening assistance, training, ongoing consultation, marketing programs and materials
What kind of training will I receive?
You will receive 2 full weeks of training at our corporate office location in the Bronx, NY. The training is a comprehensive training program giving you all the knowledge that you need to open and operate your 1800FIX.com business. In addition to training, we will provide one day of onsite guidance at the time of your store opening.
How long does the application process take?
It generally takes up to 2 weeks between the time you first file the application until you attend the personal interview.
Once approved, how long would it take to open the location?
This time varies from location to location, but it generally takes about six months after signing the Franchise Agreement before you will be ready to open for business.
Estimated Initial investment in opening a 1800FIX.com Store
|Type of Expenditure||Amount|
|Initial Franchise Fee||$15,000 to $25,000|
|Area Development Fee|| $25,000 plus |
$10,000 per Unit
|Construction, Leasehold Improvements, Furniture and Fixtures||$16,900 to $31,250|
|Equipment||$2,525 to $3,300|
|Signage (interior and exterior)||$3,570 to $4,550|
|Computer, Software and POS System||$1,200 to $1,500|
|Opening Inventory||$3,500 to $4,500|
|Rent Deposits||$2,500 to $6,000|
|Utility Deposits||$500 to $1,000|
|Insurance Deposits and Premiums||$1,000 to $1,200|
|Pre-opening Travel Expense||$100 to $2,000|
|Grand Opening Advertising||$1,000 to $2,950|
|Professional Fees||$1,500 to $3,000|
|Business Permits and Licenses||$500 to $1,000|
|Printing, Stationery and Office Supplies||$585 to $700|
|Additional funds - 3 Months||$8,000 to $11,000|
|Total||$58,380 to $98,950|
Step 1: Inquire
The first step in joining 1800FIX.com is to complete the short initial inquiry form. A member of our team will contact you and answer your initial questions. If the opportunity sounds right, you will complete an application.
Step 2: Learn about the opportunity
We want to get to know you and you need to get to know us. We will conduct a series of personal phone calls, and an in person discovery day so that we both can learn more about each other.
Step 3: Research and due diligence
We will continue to be available to answer your questions as talk to people about us, research your territory and determine if the 1800FIX.com opportunity is right for you.
Step 4: Join the Team
If we both determine that you will be a good fit in the 1800FIX.com franchise system, we will issue franchise agreements and begin the process of getting you trained and your 1800FIX.com location open.
Minimum Liquid Capital
Minimum amount of cash and readily convertible assets you’ll need to open a franchise location.
Minimum dollar amount you’ll need to invest in the franchise location.
Minimum Net Worth
Dollar amount value of all your assets, including cash and minus total liabilities.