iCare Repair
Electronics repairs, resales, and accessories
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About
Founded

2012

Franchising Since

2015 (4 Years)

Corporate Address

2145 University Park Dr., #390
Okemos, MI 48864

CEO

Dan Peabody

Financial Requirements
Initial Investment

$55,893 - $120,993

Net-worth Requirement

$80,000 - $200,000

Liquid Cash Requirement

$30,000 - $100,000

Ongoing Fees
Initial Franchise Fee

$20,000 - $20,000

Ongoing Royalty Fee

7.25%

Ad Royalty Fee

3%

Financing Options
Veteran Incentives

25% off franchise fee

Support Options
Ongoing Support

Newsletter

Meetings/Conventions

Grand Opening

Online Support

Security/Safety Procedures

Field Operations

Marketing Support

Co-op Advertising

Ad Templates

National Media

Regional Advertising

On-The-Job Training:

10 days

Classroom Training:

10 days

Additional Training:

At company-owned store

Absentee Ownership Allowed
Number of Employees Required to Run:

4

Cost
Initial Investment: Low - $55,893 High - $120,993
Units

Units (Locations)

Where Seeking Franchisees:

Franchisor is seeking new franchise units in the following regions/states:
Indiana, Michigan, Ohio, Oregon, Washington
Franchise Financing
Using 401(K)/IRA Funds
  • Tax Penalty-Free
  • Debt Free
  • Expert Guidance
Learn More

Franchise Articles

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Chick-fil-A moved up from the No. 7 spot on last year's Top 200 ranking, passing Wendy's, Burger King, Taco Bell and Subway.

Austin Campbell Breaks Down Why He Owns 13 Sola Franchises

He was one of the first Sola franchisees and has experienced continued success. His number 1 reason: supporting beauty entrepreneurs and celebrating their successes.

What Franchises Should Look For In a Marketing Firm

Reaching customers (and potential franchisees) is part art, part science. Three industry vets offer advice on finding a marketing and social media firm that strikes the right balance.

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: August 10th, 2017