At a Glance
Products & Services: Consumer electronics
Number of Locations: 5,792
Total Investment: $145.88K - 607.35K
Began Franchising: 1968
About RadioShackRadioShack was opened in 1921 by the Deutchmann family, offering ham radio operators and electronics buffs a retail and mail order source for their electronics needs. By the 1960s, the company had nine stores and was shipping electronics to people all over the world, but was falling on hard times.
Charles Tandy purchased the company in 1963 and turned its $4 million debt into a $20 million profit. Today the company operates stores nationwide, selling everything from batteries to satellite dishes to electronics buffs and general consumers.
Startup Costs, Ongoing Fees and Financing
Franchise Fee: $39,900
Ongoing Royalty Fee: 7%
Term of Franchise Agreement: 10 years, renewable
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