uBreakiFix
Electronics repairs- 2021 Franchise 500 Rank
-
#18 Ranked #21 last year
- Initial investment
-
$98K - $303K
- Units as of 2020
-
585 80.0% over 3 years
Request more information from
uBreakiFix
Thank you! You will be hearing from us shortly.
Company Overview
Founded in 2009, the uBreakiFix concept began franchising in 2013. The company offers both mail-in and walk-in repairs of electronics including smartphones, tablets, computers and video game consoles. All repairs come with a 90-day parts and labor warranty.
About uBreakiFix
- Industry
- Tech Businesses
- Related Categories
- Electronics Repairs/Sales, Miscellaneous Services, Miscellaneous Tech Businesses
- Founded
- 2009
- Parent Company
- Asurion LLC
- Leadership
- Justin Wetherill, CEO
More from uBreakiFix
A Culture Worth Investing In
At uBreakiFix, we like to say that we can fix anything with a power button. We specialize in the repair of electronics including smartphones, game consoles, tablets and computers. With hundreds of stores across North America and over 4 million devices repaired to date, uBreakiFix is the undisputed leader in the repair industry.
All of our repairs take place in-store and can usually be completed in about an hour. By choosing uBreakiFix, customers are getting a guarantee that their device will be returned fixed, faster and for a lower price than anywhere else.
Why uBreakiFix?
Our greatest advantage is the partnerships we have built with the biggest names in the tech industry. We provide authorized repairs for Samsung and Google customers as well as insurance underwriters. Through uBreakiFix, our partners are able to offer same-day, walk-in repairs that meet OEM specifications.
UBIF by the Numbers
- Over 550 Stores currently open across the United States and Canada with a 66% YOY Growth*
- $693K average second year net income for top 25 Stores*
- $120K average second year total revenue for top 25 Stores*
Financial Requirements
Individuals will need approximately $130,000 to open a uBreakiFix Franchise. Financing can be secured through third-party lending sources. The total cost of each unit varies by size and location, that’s why our disclosure document estimates start-up costs to be between $60,400 to $220,850.
Training and Support
All new franchise owners go through a three-week-long, on-site training program at our home office in Orlando. During this training, franchisees learn our business practices, our brand standards and how to create positive customer experiences.
Our franchise support team is there at every step of the process from lease negotiations to the build out. Once the doors are opened, franchisees receive ongoing support from our franchise support team and our traveling consultants.
*As published in Item 19 of our FDD dated April 19, 2019, as amended October 31, 2019 and updated November 12, 2019 these figures represent the average total revenue and net income (total revenue, minus cost of goods sold and expenses excluding interest and income taxes) for the top 25 of 257 out of 420 US franchisee-operated UBREAKIFIX stores that submitted unaudited profit and loss statements from Jan. 2013 through Dec. 2018. Average second year total revenue for the top 25 stores was $693,389 (median $672,037). Average second year net income for the top 25 stores was $120,217 (median $87,649). Of the stores included for the second year, 10 (or 45%) attained or exceeded the average total revenue and 7 (or 32%) attained or exceeded the average net income. Average second year total revenue for the bottom 25 stores was $234,062 (median $235,698). Average second year net income for the bottom 25 stores was -$14,743 (median $36,956). Of the stores included for the second year, 9 (or 53%) attained or exceeded the average total revenue and 7 (or 41%) attained or exceeded the average net income. You should review our FDD for details about these numbers. Your results may differ and there are no assurances you will do as well and must accept that risk.
**This information is not intended as an offer to sell, or the solicitation of an offer to buy a franchise. If you are a resident of or want to locate a franchise in a state that regulates the offer and sale of franchises, we will not offer you a franchise unless we have complied with that applicable pre-sale registration and disclosure requirement in your state.
This advertisement is not an offering. An offering can only be made by a franchise disclosure document filed with the Department of Law of the State of New York. Such filing does not constitute approval by the Department of Law of the State of New York. These franchises have been registered under the franchise investment law of the State of California. Such registration does not constitute approval, recommendation or endorsement by the Commissioner of Business Oversight nor a finding by the commissioner that the information provided herein is true, complete and not misleading. Minnesota Department of Commerce File No. F-7063.
Franchising Overview
- Franchising Since
- 2013 (8 years)
- # of employees at HQ
- 162
- Where seeking
-
This company is seeking new franchisees throughout the US.
This company is seeking new franchisees in the following international regions: Canada
- # of Units
- 585 (as of 2020)
Franchisor Information
Information for Franchisees
Here’s what you need to know if you’re interested in opening a uBreakiFix 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
- $0 - $40,000
- Initial Investment
- $98,350 - $303,000
- Net Worth Requirement
- $200,000
- Cash Requirement
- $150,000
- Veteran Incentives
- 20% off franchise fee
- Royalty Fee
- 7%
- Term of Agreement
- 10 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
- uBreakiFix 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.
- Classroom Training
- 144 hours
- Ongoing Support
-
Purchasing Co-opsNewsletterMeetings & ConventionsToll-Free LineGrand OpeningOnline SupportSecurity & Safety ProceduresLease NegotiationField OperationsSite SelectionProprietary SoftwareFranchisee Intranet Platform
- Marketing Support
-
Ad TemplatesSocial 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
- Are exclusive territories available?
- Yes
Franchise 500 Ranking History
Compare where uBreakiFix landed on this year’s Franchise 500 Ranking versus previous years.
Additional Rankings
Curious to know where uBreakiFix ranked on other franchise lists? Find out below.
Franchise 500 Ranking
Fastest-Growing Franchises
Top Global Franchises
Top Franchises for Less Than $150,000
Best of the Best
Want to stay updated on the latest franchise news?
Never miss a beat when you sign up to receive our newsletter.
We care about the protection of your data. Read our Privacy Policy
Related Franchise Content
Catch up on the latest franchise news, trends, and more.
Entrepreneur Franchise of the Day: PJ's Coffee
The coffee-centric café franchise has sprung up on college campuses around the country and climbed into the Entrepreneur Franchise 500 list.
Free On-Demand Webinar: How This Pending Legislation Can Impact Your Business
Watch this webinar on-demand to hear Mark Siebert discuss some of the most detrimental provisions included in the 30-part PRO Act, what this means for you and your business, and how to avoid the dangers of this bill.
Judge rejects lawsuit against McDonald's for racial discrimination
Two brothers accused the fast food chain of awarding African Americans establishments in less favorable locations.
Burger King Announces Donation Efforts to LGBTQ Organization, Taking a Jab at Chick-fil-A
Burger King aligns its new menu item with donation efforts for Pride month.
Entrepreneur Franchise of the Day: Pet Supplies Plus
Jack Berry and Harry Shallop opened the first supermarket-style pet food and supply store in Redford, Mich., and today Pet Supplies Plus is in the top 25 of the Entrepreneur Franchise 500.
5 Essential Elements Franchisees Need to Know about Their Franchise Agreement
If you are thinking about buying a franchise, give your full attention to the legal contract that connects you to the brand.
