Fast-teks vs iDropped Franchise Comparison

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

Start-Up Costs and Fees
 
Fast-teks Franchise
iDropped Franchise
Investment $45,000 - $60,000$60,100 - $119,089
Franchise Fee $27,750$30,000
Royalty Fee 7%6%
Advertising Fee -2%
Year Founded 20032012
Year Franchised 20042014
Term Of Agreement 7 years-
Term Of Agreement 7 years-
Renewal Fee --


Business Experience Requirements
 
Fast-teks Franchise
iDropped Franchise
Experience --

Financing Options
 
Fast-teks Franchise
iDropped Franchise
  In-House/3rd PartyIn-House/3rd Party
Franchise Fees No/No-/Yes
Start-up Costs No/No-/Yes
Equipment No/No-/Yes
Inventory No/No-/Yes
Receivables No/No-/Yes
Payroll No/No-/Yes

Training & Support
 
Fast-teks Franchise
iDropped Franchise
Training - On-The-Job Training: 40 hours Classroom Training: 40 hours
Support -Newsletter Meetings/Conventions Toll-Free Line Grand Opening Online Support Field Operations Site Selection
Marketing -Co-op Advertising Ad Templates National Media Regional Advertising Social media SEO Website development Email marketing Loyalty program/app
Operations -Number of Employees Required to Run: 1 - 3

Expansion Plans
 
Fast-teks Franchise
iDropped Franchise
US Expansion -Yes
Canada Expansion No-
International Expansion No-

Company Overviews

About Fast-teks

More than ever before, small and medium-sized businesses are seeking a complete IT solution for all their needs. As mobile and web platforms develop and businesses rely more on technology, outsourcing of computer specialists will continue to grow. Fast-teks delivers proactive computer and network maintenance services designed to reduce costs, increase profits and mitigate business risk.
We are seeking professionals that possess strong management and sales skills. Our franchise owners do not need prior computer-related experience to be successful. In fact, our top producing franchises have come from various industries unrelated to technology. Our owners do not fix or repair computers. Fast-teks franchise owners manage a staff of technicians that travel to and conduct all of our services remotely or at the site of the client.


About iDropped

iDropped provides fast, on-site mobile device repair for the most popular brands of mobile device. iDropped strives to mend phones in an hour or less and other electronic devices within 24 hours. Each device goes through a rigorous pre-repair and post-repair checkpoint to ensure complete functionality before it is returned to the customer. iDropped uses the highest quality parts and supplies and supports each repair with a one-year warranty.
The  iDropped cell phone repair business is a very lucrative business, and by operating an  iDropped franchise, you can enter this business model successfully.

Veteran Incentives  10% off franchise fee