iMechanic
Electronics repairs
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About
Founded

2010

Franchising Since

2017 (2 Years)

Corporate Address

413 S. Walnut St.
Bloomington, IN 47401

CEO

Nicholas Helton

Financial Requirements
Initial Investment

$77,100 - $157,750

Liquid Cash Requirement

$75,000

Ongoing Fees
Initial Franchise Fee

$35,000 - $35,000

Ongoing Royalty Fee

7%

Ad Royalty Fee

1%

Financing Options

iMechanic has relationships with third-party sources which offer financing to cover the following: 
franchise fee, startup costs, equipment, inventory, accounts receivable, payroll

Veteran Incentives

20% off franchise fee

Support Options
Ongoing Support

Purchasing Co-ops

Newsletter

Meetings/Conventions

Grand Opening

Online Support

Field Operations

Site Selection

Franchisee Intranet Platform

Marketing Support

Co-op Advertising

Ad Templates

Social media

SEO

Website development

Email marketing

On-The-Job Training:

40 hours

Classroom Training:

119 hours

Cost
Initial Investment: Low - $77,100 High - $157,750
Units
+66.7%+4 UNITS (1 Year) +150.0%+6 UNITS (3 Years)

Units (Locations)

Where Seeking Franchisees:

Franchisor is seeking new franchise units throughout the U.S.
Franchise Financing
Using 401(K)/IRA Funds
  • Tax Penalty-Free
  • Debt Free
  • Expert Guidance
Learn More

Franchise Articles

Why Entrepreneurs Should Believe They Are Unstoppable

Josh York, CEO of Gymguyz, talks about his rise from being a broke 20-something to franchising 265 gyms nationwide.

7 Tips for Network Marketing Success

A direct-selling expert shares what it takes to start out and make it in this industry.

The Top 100 Franchises for Less Than $50,000 in 2019

Check out the top franchises that can be started for less than $50,000, ranked based on scores they received in Entrepreneur's 2019 Franchise 500 ranking.

The Top 100 Franchises for Less Than $100,000 in 2019

Check out the top franchises that can be started for less than $100,000, ranked based on scores they received in Entrepreneur's 2019 Franchise 500 ranking.

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: November 5th, 2018