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Computer Troubleshooters Franchise ProfileComputer & Internet Franchises > Computer Repair |
What Are the Initial Investment Requirements for a Computer Troubleshooters Franchise?
To open a Computer Troubleshooters franchise, you will need an initial investment ranging from $19,500 to $45,000. This includes a franchise fee of $20,000. You should also ensure you have a net worth of $75,000 to $150,000 and be prepared for ongoing costs such as a 6% royalty fee and a 2% marketing fee. Having sufficient cash on hand is crucial, as the cash required falls within the same range as the total investment.
What Is the Revenue Potential for a Computer Troubleshooters Franchise?
A Computer Troubleshooters franchise has the potential to generate average annual revenue of $91,554 per unit, with a median revenue of $50,000. The revenue can vary, with the lowest reported annual revenue at $25,000 and the highest at $10,041,000 across all units. Understanding these figures can help you assess the financial viability of the franchise and set realistic revenue expectations.
What Are the Operating Costs for a Computer Troubleshooters Franchise?
Operating costs for a Computer Troubleshooters franchise can range from $19,800 to $41,000 annually. Key expenses include rent and utilities ($2,000 to $6,000), marketing and advertising ($1,000 to $4,000), and management salaries ($12,000 to $24,000). Additionally, you should account for technology fees and insurance, which can impact your overall profitability. Knowing these costs is essential for effective budgeting.
What Is the Breakeven Timeline for a Computer Troubleshooters Franchise?
The breakeven time for a Computer Troubleshooters franchise is approximately 12 months, indicating that you can expect to recover your initial investment within the first year of operation. This quick payback period is an attractive feature for potential franchisees, providing a clearer path to profitability and financial stability in the early stages of your business.
Computer Troubleshooters 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:
Computer Troubleshooters Franchise Unit Growth Summary
A breakdown of corporate, franchised, and total units, with yearly net changes.
Total Units
Franchised Units
Corporate Units
| Units | 2020 | 2021 | 2022 |
|---|---|---|---|
| Total Units | 134 | 123 | 110 |
| Net Change YoY | -11 | -13 | |
| Franchised Units | 134 | 123 | 110 |
| Net Change YoY | -11 | -13 | |
| Corporate Units | 0 | 1 | 1 |
| Net Change YoY | 1 | 0 |
Franchise Overview
Computer Troubleshooters is a global franchise network specializing in computer repair and IT support services. Established to cater to the growing demand for reliable technology assistance, the franchise offers a range of services including troubleshooting, installations, and maintenance for both residential and commercial clients. With a focus on customer satisfaction and technical expertise, Computer Troubleshooters has built a strong reputation in the industry.
Investment Requirements
The initial investment for a Computer Troubleshooters franchise ranges from $19,500 to $45,000, with a franchise fee of $20,000. Prospective franchisees need to have a net worth between $75,000 and $150,000. This relatively low entry cost makes it an attractive option for aspiring entrepreneurs looking to enter the technology service sector.
Financial Performance
On average, Computer Troubleshooters units generate annual revenues of approximately $91,554, with a median revenue of $50,000. The lowest annual revenue reported is $25,000, while the highest reaches up to $10,041. With a breakeven time of just 12 months, franchisees can expect to see a return on their investment within the same timeframe, making it a potentially lucrative business opportunity.
Ongoing Fees
Franchisees are required to pay a royalty fee of 6% on gross sales, along with a marketing fee of 2%. These fees contribute to the overall support and resources provided by the franchisor, including national marketing campaigns and operational guidance, ensuring franchisees have the tools they need to succeed.
Operational Insights
Computer Troubleshooters franchisees can expect annual running expenses to range between $19,800 and $41,000. Key expenses include rent and utilities ($2,000 to $6,000), marketing and advertising ($1,000 to $4,000), and management salaries ($12,000 to $24,000). Understanding these costs is crucial for effective budgeting and financial planning.
Franchise Growth
As of 2022, Computer Troubleshooters had a total of 110 franchised units, a decrease from 134 in 2020. This trend indicates a need for strategic growth initiatives and support for existing franchisees. The presence of one corporate unit suggests that the franchisor is actively involved in the franchise system, which can provide additional resources and insights for franchisees.
Frequently Asked Questions
The initial investment for a Computer Troubleshooters franchise ranges from $19,500 to $45,000, which includes a franchise fee of $20,000.