RadioShack vs Cell Phone Repair Franchise Comparison

Below is an in-depth analysis and side-by-side comparison of RadioShack vs Cell Phone Repair including start-up costs and fees, business experience requirements, training & support and financing options.

Start-Up Costs and Fees

 
RadioShack Franchise
Cell Phone Repair Franchise
Investment $144,875 - $643,851$79,850 - $205,500
Franchise Fee $39,900$25,000
Royalty Fee 5% of net sales6.5%
Advertising Fee 3% for the Ad Fund2%
Year Founded 19212004
Year Franchised 19682007
Term Of Agreement 10 years-
Term Of Agreement 10 years-
Renewal Fee --


Business Experience Requirements

 
RadioShack Franchise
Cell Phone Repair Franchise
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

 
RadioShack Franchise
Cell Phone Repair Franchise
  In-House/3rd PartyIn-House/3rd Party
Franchise Fees No/No-/Yes
Start-up Costs No/NoYes/Yes
Equipment Yes/No-/Yes
Inventory Yes/No-/Yes
Receivables No/No-/Yes
Payroll No/No-/Yes

Training & Support

 
RadioShack Franchise
Cell Phone Repair Franchise
Training Local workshop, annual conventionOn-The-Job Training: 40 hours Classroom Training: 40 hours
Support Newsletter, Meetings, Toll-free phone line, Grand opening, Internet, Field operations/evaluationsPurchasing Co-ops Newsletter Meetings/Conventions Toll-Free Line Grand Opening Online Support Security/Safety Procedures Field Operations Site Selection Proprietary Software Franchisee Intranet Platform
Marketing Co-op advertising, Ad slicks, National mediaCo-op Advertising Ad Templates Regional Advertising Social media SEO Website development Email marketing
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

 
RadioShack Franchise
Cell Phone Repair Franchise
US Expansion -Yes
Canada Expansion No-
International Expansion YesYes

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 Cell Phone Repair

CPR is the most seasoned, most immovably settled, generally known and regarded mark name in the Cell Phone Repair industry. Almost everybody claims a wireless in today's general public and about everybody breaks them at some time too. The mobile phone repair industry is staying put and there is no better approach to take advantage of this exceedingly lucrative market than with a CPR establishment. Similarly as the auto repair industry developed quickly in extent to the quantity of autos being made, the development rate of PDAs and the cell repair industry is taking after a similar example. The market for wireless repairs is still in the early development stages and it will take numerous years for the extension of this market to approach immersion. Owning a CPR establishment is still a ground floor business opportunity as far as start-up expenses and income potential. As a franchisee, you'll have the capacity to offer a full scope of cell repair administrations to your clients with a brand name they've come to trust and regard. Best of all, you'll get the full support of the CPR group - a gathering that is focused on furnishing you with the preparation, hardware and assets you have to make your CPR store an effective, entrenched business. To take in more, we urge you to ask for additional data about this establishment opportunity.

Veteran Incentives  10% off franchise fee or franchise fee waived on third unit
"Entrepreneur
#48 in Franchise 500 for 2020.
#96 in Franchise 500 for 2020.