Techy Repairs & Smart Home Installs offers installation, maintenance, and repair of cell phones, computers, tablets, and smart home devices. The franchise also sells electronic accessories and may include mobile or café formats.
Key Insights
- The business began with a vision to simplify technology for everyday users, growing organically through a commitment to customer service and problem-solving. It has since evolved to address the increasing reliance on digital devices and connectivity in homes and small businesses, establishing a robust operational framework.
- Operationally, the franchise functions through a network of service centers providing diagnostics, repairs, and support for a wide range of electronic devices. The business also offers proactive maintenance plans and IT solutions, ensuring device longevity and user productivity.
- The tech repair and support industry is experiencing sustained demand due to rapid technological advancement and the widespread adoption of sophisticated electronics. Consumer reliance on these devices for work, communication, and entertainment fuels the ongoing need for reliable repair and maintenance services.
Franchise Fee and Costs to Open
Exploring the financial picture of Techy gives insight into both the upfront commitment and the potential revenue opportunity. According to FDD Item 7, opening this franchise typically involves an investment in the range of , along with a franchise fee of .
Financial Performance and Revenue
Yearly gross sales of $243,355 and estimated earnings of $24,336 - $29,203 show the potential financial performance of this franchise. These figures are crucial for prospective franchisees as they help to project revenue and profitability. They offer insight into the business's ability to generate income and can be used to compare its performance against other investment opportunities. The Franchise Payback Period of 9.1-11.1 provides an estimation of the time it might take for an owner to recover their initial investment. This metric is a key consideration for anyone evaluating the financial viability of a franchise, as it relates directly to the speed at which the business can become profitable. A shorter payback period can indicate a faster return on capital, which is a significant factor in making an informed decision about a franchise investment.
Training and Resources
Techy provides comprehensive training for new franchisees. Initial training, lasting two weeks, takes place at Techy's headquarters. This program offers in-depth operational and brand immersion. Techy also provides extensive operational manuals and a digital resource library. The franchisor recommends consistent engagement with ongoing support materials.
Legal Considerations
Legal considerations for a Techy franchisee are outlined in the Franchise Disclosure Document (FDD) and the Franchise Agreement. Note that this franchise discloses lawsuits and/or bankruptcy information in its FDD, which may impact your evaluation. Subscribe now to access more details and be sure to consult a qualified attorney before proceeding.
Challenges and Risks
Franchisees might encounter a dynamic local market with established competitors offering similar services. Operational complexity arises from managing inventory, technical support, and customer service demands within the Techy framework. Dependence on specific technology vendors and their product availability could also present a consideration for consistent service delivery and inventory management.
Franchise Datasheet
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