Franchise: CPR-Cell Phone Repair

Initial Investment
LOW:$24,630
HIGH: $173,500
Change in Units
+18.3% +40 UNITS (1 Year)
+81.7% +116 UNITS (3 Years)

Ongoing Support
Purchasing Co-ops
Newsletter
Meetings
Toll-Free Line
Grand Opening
Internet
Security
Field Operations
Marketing Support
Co-op Advertising
Ad Slicks
National Media
Regional Media

Training Onsite: 5 days

Training at headquarters: 16 days

About CPR-Cell Phone Repair

CPR-Cell Phone Repair was founded in 2004 and began franchising in 2007. CPR franchise locations offer walk-in, drop-off and mail-in repair services for cell phones and other electronic devices. They also sell smartphones, game systems, music players, parts and accessories. CPR also accepts electronic devices for recycling, with a percentage of the proceeds going to Shriner's Hospitals for Children.

Founded

2004

Franchising Since

2007 (10 Years)

Corporate Address

7100 E. Pleasant Valley Rd., #300 Independence, OH 44131

CEO

John Davies

Units (Locations)

Where Seeking Franchisees:
Franchisor is seeking new franchise units worldwide.

Financial Requirements

Initial Investment

$24,630 - $173,500

Net-worth Requirement

$150,000

Liquid Cash Requirement

$85,000

Ongoing Fees

Initial Franchise Fee

$37,500

Ongoing Royalty Fee

5.8-8%

Ad Royalty Fee

1%

Financing Options

CPR-Cell Phone Repair offers in-house financing to cover the following: startup costs, equipment, inventory

CPR-Cell Phone Repair has relationships with third-party sources which offer financing to cover the following: 
franchise fee, startup costs, inventory, accounts receivable, payroll

Veteran Incentives


10% off franchise fee or franchise fee waived on third unit

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Disclaimer

The Franchise 500 is not intended to endorse, advertise, or recommend any particular franchise. It is solely a research tool you can use to compare franchise operations. Entrepreneur stresses that you should always conduct your own independent investigation before investing money in a franchise.

Updated: June 26th, 2017

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