|
uBreakiFix Franchise ProfileComputer & Internet Franchises > Computer Repair |
What Are the Initial Investment Requirements for a uBreakiFix Franchise?
To start a uBreakiFix franchise, the initial investment ranges from $151,350 to $447,150. This includes a franchise fee of $40,000. Prospective franchisees should also consider additional costs such as a 7% royalty fee and a 2% marketing fee. It’s essential to have a net worth of $300,000 to $500,000, along with sufficient cash reserves to cover the total initial investment.
What Is the Average Revenue Potential for a uBreakiFix Franchise?
The average annual revenue for a uBreakiFix franchise unit is approximately $557,204, with a median revenue of $526,993. Revenue can vary significantly, with the lowest reported annual revenue at $160,203 and the highest reaching $2,753,253. Understanding the revenue potential is crucial for franchisees to assess profitability and make informed financial decisions.
What Are the Financial Metrics for Operating a uBreakiFix Franchise?
uBreakiFix franchises typically maintain a gross profit margin of about 59.8%, with the cost of goods sold averaging $224,173. While specific operating expenses and EBITDA figures are not provided, franchisees should prepare for various running costs, including insurance, rent, and marketing, which can total between $23,700 and $107,650 annually.
How Quickly Can You Expect to Break Even with a uBreakiFix Franchise?
Franchisees can expect to break even within 12 months of opening their uBreakiFix location. This quick payback period is an attractive feature for potential investors, allowing them to recoup their initial investment and start generating profits relatively soon after launching their business.
uBreakiFix 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:
uBreakiFix Franchise Unit Growth Summary
A breakdown of corporate, franchised, and total units, with yearly net changes.
Total Units
Franchised Units
Corporate Units
| Units | 2021 | 2022 | 2023 |
|---|---|---|---|
| Total Units | 457 | 804 | 721 |
| Net Change YoY | 347 | -83 | |
| Franchised Units | 337 | 443 | 557 |
| Net Change YoY | 106 | 114 | |
| Corporate Units | 120 | 361 | 164 |
| Net Change YoY | 241 | -197 |
Franchise Overview
uBreakiFix is a leading electronics repair franchise specializing in the repair of smartphones, tablets, computers, and other electronic devices. Founded in 2009, the brand has rapidly expanded, offering franchise opportunities to entrepreneurs who are passionate about technology and customer service. With a commitment to quality repairs and exceptional customer experiences, uBreakiFix has established itself as a trusted name in the electronics repair industry.
Investment Details
Starting a uBreakiFix franchise requires an initial investment ranging from $151,350 to $447,150. This includes a franchise fee of $40,000, with ongoing royalty fees set at 7% of gross sales and a marketing fee of 2%. Potential franchisees should have a net worth between $300,000 to $500,000, ensuring they can support their business during its initial growth phase.
Financial Performance
On average, uBreakiFix franchise units generate annual revenues of approximately $557,204, with a median revenue of $526,993. The lowest reported annual revenue is $160,203, while the highest reaches an impressive $2,753,253. With a breakeven time of just 12 months, franchisees can expect a quick return on their investment, making it an attractive opportunity in the franchise landscape.
Franchise Growth
The uBreakiFix franchise has seen significant growth in recent years. In 2021, there were 337 franchised units, which increased to 443 in 2022. By 2023, the number of franchised units reached 557. This growth reflects the brand's strong market presence and the increasing demand for electronic repair services across the country.
Operational Expenses
Franchisees should be aware of the operational expenses involved in running a uBreakiFix location. Annual costs can include insurance ($3,000 - $7,000), store rent (up to $20,000 for the first three months), and marketing expenses (up to $8,000 for the first three months). Additional costs for legal, accounting, and business licenses can range from $700 to $11,000, leading to a total estimated expenditure of $23,700 to $107,650.
Support and Training
uBreakiFix provides comprehensive support and training for its franchisees to ensure their success. New franchise owners receive initial training covering technical skills, customer service, and operational management. Ongoing support includes marketing assistance, access to proprietary systems, and a network of fellow franchisees, fostering a collaborative environment that encourages growth and innovation within the franchise system.
Frequently Asked Questions
The initial investment for a uBreakiFix franchise ranges from $151,350 to $447,150. This includes the franchise fee of $40,000 and other startup costs associated with setting up the business.