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Franchise 500 2023
2023 Franchise 500 Rank
N/R Not ranked last year
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Initial investment
$56K - $121K
Units as of 2016
10 arrow up 400.0% over 3 years

Company Overview

About iCare Repair

Industry
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 (2023-2015 years)
# of employees at HQ
4
Where seeking

This company is offering new franchisees 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 Information Circle
$20,000
Initial Investment Information Circle
$55,893 - $120,993
Net Worth Requirement Information Circle
$80,000 - $200,000
Cash Requirement Information Circle
$30,000 - $100,000
Veteran Incentives Information Circle
25% off franchise fee
Royalty Fee Information Circle
7.25%
Ad Royalty Fee Information Circle
3%
Term of Agreement Information Circle
10 years
Is franchise term renewable?
Yes
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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? Information Circle
No
Can this franchise be run part time? Information Circle
No
# of employees required to run
4
Are exclusive territories available? Information Circle
No
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Franchise 500 Ranking History

Compare where iCare Repair landed on this year's Franchise 500 Ranking versus previous years.

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Disclaimer
The information on this page is not intended as an endorsement or recommendation of any particular franchise or business opportunity by Entrepreneur Media. Our listings and rankings are solely research tools you can use to compare opportunities. Entrepreneur stresses that you should always conduct your own independent investigation before investing in a franchise or business opportunity. That should include reviewing the company's legal documents, consulting with an attorney and an accountant, and talking to former and current franchisees/licensees/dealers.
Updated: December 12th, 2022