|
Asurion Tech Repair & Solutions Franchise ProfileComputer & Internet Franchises > Computer Repair |
How Much Does It Cost to Open an Asurion Tech Repair & Solutions Franchise?
To launch an Asurion Tech Repair & Solutions franchise, the initial investment ranges from a low of $118,350 to a high of $369,555. This includes an initial franchise fee of $40,000. Prospective franchisees must meet specific financial requirements, including a minimum net worth of $200,000 and at least $150,000 in liquid cash. Once operational, owners are responsible for a 7% royalty fee on gross sales, though the brand currently features a 0.0% marketing fee, which can help manage ongoing overhead costs during the early stages of business.
What is the Growth Potential for an Asurion Tech Repair & Solutions Franchise?
The brand has demonstrated significant growth in its franchised network, increasing from 337 units in 2022 to 551 units by 2024. Interestingly, the company has transitioned toward a fully franchised model, reducing its corporate-owned units from 120 in 2021 down to zero in 2024. Data from the franchise system shows a median annual revenue per unit of $200,000, with some high-performing locations reaching an annual revenue of $583,002. On average, the business model targets a breakeven time of approximately 15 months, with a full investment payback estimated around 33 months.
Why Should You Consider Starting an Asurion Tech Repair & Solutions Franchise?
Asurion Tech Repair & Solutions is a leader in the electronics repair industry, providing essential services for smartphones, tablets, computers, and game consoles. Starting this franchise allows you to tap into a tech-heavy market with a proven business model and a recognizable brand name. The company provides the training and tools necessary to manage technical repairs and customer service effectively. With a rapidly expanding footprint and a shift toward 100% franchise-led operations, new owners can benefit from a system that is fully committed to the success of its independent operators.
Is Owning an Asurion Tech Repair & Solutions Franchise the Right Move for You?
If you are a business-minded individual with an interest in technology and a desire to provide a vital service to your community, this may be the right opportunity. Success in this field requires a focus on customer satisfaction and efficient operations. You should perform thorough due diligence by reviewing the latest Franchise Disclosure Document and speaking with current franchisees to understand the day-to-day demands of the business. With a relatively low entry cost compared to other retail industries and a clear path toward scaling, Asurion Tech Repair & Solutions offers a compelling option for those looking to enter the tech service sector.
Asurion Tech Repair & Solutions Franchise Financial Requirements
Below, you’ll find an overview of the initial investment needed to launch the business, along with the ongoing fees required by the franchisor to maintain operations over time.
The minimum total assets (minus liabilities) you must possess.
Net Worth Required:
The estimated period to recoup your total investment.
Investment Payback:
The initial fee paid to join the franchise system.
Franchise Fee:
Ongoing percentage of revenue paid to the franchisor.
Royalty Fee:
Regular contribution toward the franchise’s advertising fund.
Marketing Fee:
The estimated timeframe to recover your initial costs.
Breakeven Time:
The total amount required to launch the franchise.
Initial Investment:
The minimum liquid capital you must have on hand.
Cash Required:
The typical yearly revenue generated per franchise location.
Average Revenue:
The middle value of yearly revenue among franchise locations.
Median Revenue:
The largest reported annual revenue among franchisees.
Highest Revenue:
The smallest reported annual revenue among franchisees.
Lowest Revenue:
A broad sector defining similar types of franchise businesses.
Industry:
A more specific division within the broader industry.
Category:
The key individuals guiding the franchise’s strategy and growth.
Leadership:
The official business address of the franchisor’s headquarters.
Corporate Address:
Available financing options to help start the franchise.
Funding Year:
The main organization that owns the franchise brand.
Parent Company:
Asurion Tech Repair & Solutions Franchise Unit Growth Summary
A breakdown of corporate, franchised, and total units, with yearly net changes.
Total Units
Franchised Units
Corporate Units
| Units | 2022 | 2023 | 2024 |
|---|---|---|---|
| Total Units | 392 | 468 | 551 |
| Net Change YoY | -78 | 76 | 83 |
| Franchised Units | 337 | 445 | 551 |
| Net Change YoY | 337 | 108 | 106 |
| Corporate Units | 55 | 23 | 0 |
| Net Change YoY | -65 | -32 | -23 |
Investment Requirements
Starting an Asurion Tech Repair & Solutions franchise requires an initial investment ranging from a low of $118,350 to a high of $369,555. Prospective franchisees must meet specific financial qualifications, including a minimum net worth of $200,000 and at least $150,000 in liquid cash. The initial franchise fee to join the network is $40,000.
Ongoing Fees and Royalties
Franchisees are required to pay a recurring royalty fee of 7% of gross sales for new units. Notably, the current marketing fee is 0.0%, allowing owners to reinvest those potential costs back into their local operations. These fees support the brand's infrastructure and the ongoing development of the repair service model.
Unit Growth and Corporate Transition
The brand has seen significant growth in its franchised footprint, increasing from 337 units in 2022 to 551 units by 2024. Simultaneously, the company has transitioned toward a fully franchised model, reducing its corporate-owned locations from 120 in 2021 down to 0 in 2024, signaling a strong commitment to the success of independent franchise owners.
Performance and Revenue
Financial performance data indicates a median annual revenue per unit of $200,000, with an average annual revenue of $150,000. While performance varies by location, the highest performing units have reached annual revenues of $583,002. These figures provide a benchmark for potential earnings within the tech repair sector.
Return on Investment
Based on system data, the typical breakeven time for a new location is approximately 15 months. Furthermore, the average timeframe for an investment payback is 33 months. This timeline provides prospective owners with a clear expectation for when they might see a full return on their initial capital expenditure.
Business Model and Services
Asurion Tech Repair & Solutions operates in the fast-growing technology maintenance industry, providing essential repair services for smartphones, tablets, computers, and other electronic devices. By leveraging a well-known brand name and a proven operational framework, franchisees can tap into a consistent demand for tech support and hardware restoration.
Frequently Asked Questions
The total investment for a single unit ranges from a low of $118,350 to a high of $369,555. This range covers the initial franchise fee, equipment, leasehold improvements, and other necessary startup costs.