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Updated RecentlyRadioShack vs Mobile HQ Wireless Franchise Comparison
Below is an in-depth analysis and side-by-side comparison of RadioShack vs Mobile HQ Wireless including start-up costs and fees, business experience requirements, training & support and financing options.
Start-Up Costs and Fees |
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| Investment | $144,875 - $643,851 | N/A |
| Franchise Fee | $39,900 | N/A |
| Royalty Fee | 5% of net sales | - |
| Advertising Fee | 3% for the Ad Fund | - |
| Year Founded | 1921 | - |
| Year Franchised | 1968 | - |
| Term Of Agreement | 10 years | - |
| Term Of Agreement | 10 years | - |
| Renewal Fee | - | - |
Business Experience Requirements |
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| Experience | Significant business experience; we are particularly interested in individuals who have demonstrated successful ownership or management of multiple business units or have managed multiple departments Individuals who possess the capability to grow with RadioShack. The ability to develop and execute a business plan. An entrepreneurial spirit and strong desire to work hard and be part of an established franchise system Ability to manage finances, including a thorough understanding of business financial statements The capability to effectively manage an organization that recruits, trains, and motivates employees who deliver an exceptional customer experience An acceptable credit history Sufficient liquid assets (i.e., cash) to invest into the business | - |
Financing Options |
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| In-House/3rd Party | In-House/3rd Party | |
| Franchise Fees | No/No | -/- |
| Start-up Costs | No/No | -/- |
| Equipment | Yes/No | -/- |
| Inventory | Yes/No | -/- |
| Receivables | No/No | -/- |
| Payroll | No/No | -/- |
Training & Support |
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| Training | Local workshop, annual convention | - |
| Support | Newsletter, Meetings, Toll-free phone line, Grand opening, Internet, Field operations/evaluations | We personally coach our franchisees through every step of the process from start to finish including : o Retail site selection o Lease negotiation o Architectural renderings o Store build-out package and installation o Inventory selection and pricing o Point of sales system training o Advertising and Marketing o Overall Business Management o Sales Training o Employee Management o Specific wireless carrier, service provider and product training for everything that is offered at each store. We accomplish this by having a comprehensive national training, weekly conference calls, interactive in-store training and a dedicated full time training department that is on call to coach our franchisees on an ongoing basis. |
| Marketing | Co-op advertising, Ad slicks, National media | - |
| Operations |
9% of all franchisees own more than one unit Number of employees needed to run franchised unit: 2 Absentee ownership of franchise is NOT allowed. (100% of current franchisees are owner/operators) | - |
Expansion Plans |
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| US Expansion | - | - |
| Canada Expansion | No | - |
| International Expansion | Yes | - |
Company Overviews
About RadioShack
RadioShack was opened in 1921 by the Deutchmann family, offering ham radio operators and electronics buffs a retail and mail order source for their electronics needs. By the 1960s, the company had nine stores and was shipping electronics to people all over the world, but was falling on hard times.
Charles Tandy purchased the company in 1963 and turned its $4 million debt into a $20 million profit. Today the company operates stores nationwide, selling everything from batteries to satellite dishes to electronics buffs and general consumers.
About Mobile HQ Wireless
As the "Mobile Headquarters," we offer a wide variety of new and innovative products and accessories that promote mobility and convenience as the wireless and telecommunications industry continues to develop and expand. More specifically, Mobile HQ provides a business model that will enable sustained, long-term growth by offering an assortment of Cellular Phone Services, Satellite TV & Radio, Internet products, VoIP, Bluetooth products and a large assortment of accessories that are not widely available within the U.S. market.