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Below is an in-depth analysis and side-by-side comparison of Fast-teks vs 1800FIX.com including start-up costs and fees, business experience requirements, training & support and financing options.
Start-Up Costs and Fees |
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Investment | $45,000 - $60,000 | $77,600 - $203,800 |
Franchise Fee | $27,750 | $20,000 - $25,000 |
Royalty Fee | 7% | 7% |
Advertising Fee | - | 2% |
Year Founded | 2003 | - |
Year Franchised | 2004 | - |
Term Of Agreement | 7 years | - |
Term Of Agreement | 7 years | - |
Renewal Fee | - | - |
Business Experience Requirements |
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Experience | - | We are looking for highly motivated, business minded people searching for independent ownership. The ideal candidate will be excited about the opportunity to build a highly successful cell phone and computer repair business. 1800FIX.com is ideal for someone who understands consumer electronics and is able to multi task in a busy retail environment Prior technical experience in the field is not necessary. Our franchisees must be financially qualified. |
Financing Options |
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In-House/3rd Party | In-House/3rd Party | |
Franchise Fees | No/No | -/- |
Start-up Costs | No/No | -/- |
Equipment | No/No | -/- |
Inventory | No/No | -/- |
Receivables | No/No | -/- |
Payroll | No/No | -/- |
Training & Support |
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Training | - | *2 full weeks of training at our corporate office location in the Bronx, NY. The training is a comprehensive training program giving you all the knowledge that you need to open and operate your 1800FIX.com business *One day of onsite guidance at the time of your store opening. |
Support | - | *site selection approvals *store opening assistance *training *ongoing consultation *marketing programs *materials |
Marketing | - | - |
Operations | - | - |
Expansion Plans |
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US Expansion | - | Yes |
Canada Expansion | No | - |
International Expansion | No | - |
New opportunities in the cell phone and consumer electronics repair industries are a result of rapid advances in wireless mobile and computer technology. But unlike in the past, when people had a problem with their cell phone, laptop or game system and just went out to replace it with a new one, people are now looking to repair or trade their devices to reduce cost. This is especially true in today's market, with the high price of cell phones and the recent Smartphone equipment phenomenon that has flooded the marketplace. People and businesses now have much more limited options when these expensive devices break or are damaged. 1800FIX.com understands the frustration that comes with this and has built a strong, highly recognizable business and brand over a fifteen year period that is engaged in the repair, purchase, sale and trading of consumer electronics and related accessories, such as cell phones, computers, cameras, tablets, iPods and game systems, in addition to offering great pre-paid cellular services. Now we are bringing this unique, growth oriented business model to the franchise marketplace so that others can enjoy the opportunities that a 1800FIX.com store can offer.