- Franchise 500 Rank
-
N/R Not ranked last year
- Initial investment
-
$56K - $121K
- Units as of 2016
-
10
Company Overview
About iCare Repair
Industry | Tech Businesses |
---|---|
Related Categories | Electronics Repairs/Sales, Electronics Stores, Miscellaneous Maintenance Businesses, Miscellaneous Services, Miscellaneous Tech Businesses |
Founded | 2012 |
Leadership | Dan Peabody, CEO |
Corporate Address |
2145 University Park Dr., #390 Okemos, MI 48864 |
Social | Facebook, Twitter |
Business Overview
Franchising Since | 2015 (10 years) |
---|---|
# of employees at HQ | 4 |
Where seeking |
This company is offering new franchises throughout the US. |
# of Units | 10 (as of 2016) |
|
Information for Franchisees
Here's what you need to know if you're interested in opening a iCare Repair franchise.
Financial Requirements & Ongoing Fees
Here's what you can expect to spend to start the business and what ongoing fees the franchisor charges throughout the life of the business.
Initial Franchise Fee
|
$20,000 |
---|---|
Initial Investment
|
$55,893 - $120,993 |
Net Worth Requirement
|
$80,000 - $200,000 |
Cash Requirement
|
$30,000 - $100,000 |
Veteran Incentives
|
25% off franchise fee |
Royalty Fee
|
7.25% |
Ad Royalty Fee
|
3% |
Term of Agreement
|
10 years |
Is franchise term renewable? | Yes |
Training & Support Offered
Franchisors offer initial training programs and a variety of ongoing support options to help franchisees run their businesses.
On-The-Job Training | 10 days |
---|---|
Classroom Training | 10 days |
Ongoing Support |
Newsletter
Meetings & Conventions
Grand Opening
Online Support
Security & Safety Procedures
Lease Negotiation
Field Operations
|
Marketing Support |
Co-op Advertising
Ad Templates
National Media
Regional Advertising
|
Operations
Additional details about running this franchise.
Is absentee ownership allowed? | Yes |
---|---|
Can this franchise be run from home/mobile unit?
|
No |
Can this franchise be run part time?
|
No |
# of employees required to run | 4 |
Are exclusive territories available?
|
No |
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