- 2023 Franchise 500 Rank
N/R Not ranked last year
- Initial investment
$125K - $208K
- Units as of 2020
5 25.0% over 3 years
From late-night emergency calls to keeping in touch with loved ones, phones have become a staple of life in the 21st century. Phone Repair Guy is a brand that helps customers get back on the grid after their phones come to a halt.
Founded in 2016, Phone Repair Guy has evolved with the phone industry. From old beepers to smartphones, tablets, iPods, or even laptops, Phone Repair Guy may be the right place to get timely professional fixes. Whether a phone is having trouble due to water damage, cracked screens, or faulty mics, Phone Repair Guy is ready to fix the issue.
Customers may love Phone Repair Guy because it's a place they can walk in any day and leave with their device problems solved at competitive market prices.
Why You May Want To Start a Phone Repair Guy Franchise
If you love technology, investigating problems, and providing accurate diagnostics, then a Phone Repair Guy franchise might be an exciting opportunity for you. Potential franchisees are individuals who prefer a flexible work schedule and the capacity to learn more about the latest technology. Having technical experience is not necessary, but some experience in the field can be highly beneficial.
While independent entry into the phone repair industry may be easy, thriving in an already crowded and competitive market can be an uphill battle. Opening a Phone Repair Guy franchise may offer a more predictable outcome since you can leverage an existing market and brand presence.
What Might Make a Phone Repair Guy Franchise a Good Choice?
The phone market has continued to serve an important role in American life, and with customers becoming more conscious about what they spend, professional repair services may always be in demand. Phone Repair Guy has built a system that strives to make every customer visit as satisfactory as possible.
With walk-in stores and remote services, Phone Repair Guy might have technicians ready to meet customer needs whenever they arise. Franchisees are responsible for hiring technicians and training them to streamline business operations.
To be part of the Phone Repair Guy franchise team, you should make sure you're financially ready for an initial investment made up of a franchise fee and other startup costs. In addition, you should prepare yourself for ongoing fees that will include advertising fees and royalty fees.
How To Open a Phone Repair Guy Franchise
Make sure to research the brand and your local area to see if a Phone Repair Guy would do well in your community. Before making any financial commitment or signing an agreement, you must perform your due diligence and establish if this is the right opportunity for you. As part of your due diligence, you may want to speak to existing franchisees and ask the Phone Repair Guy franchising team questions.
If awarded a franchise, franchisees receive a great deal of support from Phone Repair Guy throughout the franchising process. In addition to pre-opening training, franchisees receive support through brand awareness, marketing, and research. They also receive hands-on training and continued support after their units have opened.
About Phone Repair Guy
- Tech Businesses
- Related Categories
- Electronics Repairs/Sales, Miscellaneous Services, Miscellaneous Tech Businesses
- Darwin Ramdhan, CEO
- Corporate Address
3291 W. Sunrise Blvd.
Ft. Lauderdale, FL 33311
- Franchising Since
- 2019 (2023-2019 years)
- # of employees at HQ
- Where seeking
This company is offering new franchisees in the following US states:
- # of Units
- 5 (as of 2020)
Information for Franchisees
Here's what you need to know if you're interested in opening a Phone Repair Guy 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
Definition: The initial fee paid to a franchisor to join their system
What you need to know: Found in Item 5 of the FDD, this may be a flat fee, or may vary based on territory size, experience, or other factors.The franchise fee is an up-front (one-time) cost that a new franchisee pays to the franchisor. This fee is usually due at the signing of the franchise agreement and covers the right to use the franchisor's trademarks, name, and related business systems.
- Initial Investment
- $124,950 - $207,850
Definition: The total amount necessary to begin operation of the franchise
What you need to know: The initial investment includes the franchise fee, along with other startup expenses such as real estate, equipment, supplies, business licenses, and working capital. This is outlined in a chart in Item 7 of the FDD, showing a range of possible costs from low to high.
- Royalty Fee
Definition: A ongoing fee paid to the franchisor on a regular basis.
What you need to know: Most franchisors require franchisees to pay an ongoing royalty fee, which is detailed in Item 6 of the FDD. This fee is typically a percentage of weekly or monthly gross sales, but may also be a flat weekly, monthly, or annual fee.
- Ad Royalty Fee
- to 1%
Definition: An going fee paid to the franchisor on a regular basis to support advertising or marketing efforts.
What you need to know: This may also be called advertising fee, marketing fee, brand fund fee, and more, but the basic purpose is the same-- to support promotion of the brand systemwide. As with the royalty fee, it is detailed in Item 6 of the FDD, and can be a percentage of weekly or monthly gross sales or a weekly, monthly, or annual fee.
- Term of Agreement
- 10 years
Definition: The length of time your franchise agreement will last.
What you need to know: Franchise terms are typically anywhere from 5 to 20 years in length, but are sometimes instead dependent on factors such as the term of your lease. Once your term is up, you may have the option to renew your agreement, typically for a smaller fee than the original franchise fee.
- Is franchise term renewable?
Some franchisors offer in-house financing, while others have relationships with third-party financing sources to which they refer qualified franchisees.
- Third Party Financing
- Phone Repair Guy has relationships with third-party sources which offer financing to cover the following: franchise fee, startup costs, equipment, inventory, accounts receivable, payroll
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
- 40 hours
- Classroom Training
- 2 hours
- Ongoing Support
Purchasing Co-opsNewsletterMeetings & ConventionsToll-Free LineGrand OpeningOnline SupportSecurity & Safety ProceduresLease NegotiationField OperationsSite SelectionProprietary SoftwareFranchisee Intranet Platform
- Marketing Support
Co-op AdvertisingAd TemplatesNational MediaRegional AdvertisingSocial MediaSEOWebsite DevelopmentEmail MarketingLoyalty Program/App
Additional details about running this franchise.
- Is absentee ownership allowed?
- Can this franchise be run from home/mobile unit?
Definition: The business can be run from your home and/or a vehicle, and it is not necessary to have a retail facility, office space, or warehouse.
- Can this franchise be run part time?
Definition: This business can be run by the owner on a part-time basis (less than 40 hours per week) and/or as a side business; it is not necessary for the business to be open/run full-time.
- # of employees required to run
- Are exclusive territories available?
Definition: An exclusive territory is a fixed area in which you are given the right to operate and in which no other units of the same franchise may be opened.
What you need to know: Territory size may be based on factors such as radius, population size, zip codes, and more. Details can be found in Item 12 of the FDD.
Interested in ownership opportunities like Phone Repair Guy? Request a free consultation with a Franchise Advisor now.
Franchise 500 Ranking History
Compare where Phone Repair Guy landed on this year's Franchise 500 Ranking versus previous years.
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