
Experimax
Electronics resales and repairs- 2021 Franchise 500 Rank
-
N/R Ranked #485 last year
- Initial investment
-
$139K - $351K
- Units as of 2020
-
93 7% over 3 years
Company Overview
About Experimax
- Industry
- Tech Businesses
- Related Categories
- Electronics Repairs/Sales, Electronics Stores, Miscellaneous Tech Businesses
- Founded
- 2009
- Parent Company
- United Franchise Group
- Leadership
- Walter Seltzer, Brand President
Franchising Overview
- Franchising Since
- 2014 (7 years)
- # of employees at HQ
- 234
- Where seeking
-
This company is seeking new franchisees throughout the US.
This company is seeking new franchisees worldwide.
- # of Units
- 93 (as of 2020)
Franchisor Information
Information for Franchisees
Here’s what you need to know if you’re interested in opening a Experimax 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
- $49,500
- Initial Investment
- $139,460 - $351,140
- Cash Requirement
- $60,000
- Veteran Incentives
- 10-25% off franchise fee
- Royalty Fee
- $500+/mo.
- Ad Royalty Fee
- $500+/mo.
- Term of Agreement
- 35 years
- Is franchise term renewable?
- Yes
Financing Options
Some franchisors offer in-house financing, while others have relationships with third-party financing sources to which they refer qualified franchisees.
- Third Party Financing
- Experimax has relationships with third-party sources which offer financing to cover the following: 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.
- Classroom Training
- 80 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
Operations
Additional details about running this franchise.
- Is absentee ownership allowed?
- No
- Can this franchise be run from home/mobile unit?
- No
- Can this franchise be run part time?
- No
- # of employees required to run
- 3
- Are exclusive territories available?
- Yes
Franchise 500 Ranking History
Compare where Experimax landed on this year’s Franchise 500 Ranking versus previous years.
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