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Updated RecentlyRadioShack Franchise
Electronics products and services retailer
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.
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How much does it cost to open a RadioShack Franchise?
The investment required to open a RadioShack Franchise is between $144,875-$643,851. There is an initial franchise fee of $39,900 which grants you the license to run a business under the RadioShack name.
Individual Unit Costs
- Initial Investment:
$144,875-$643,851 - Initial Franchise Fee:
$39,900 - Royalty Fee:
5% of net sales - Advertising Fee:
3% for the Ad Fund - Term of Agreement:
10 years
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As RadioShack has shown in its new, 2014 Super Bowl commercial, you need to be able to laugh at yourself.
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RadioShack Corp. (NYSE: RSH) announced today that it has promoted Marty Amschler to senior vice president of franchise.
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RadioShack News & Press Releases
When did RadioShack start Franchising? 1968
| Year | U.S.A. | Canada | International | Corporate |
|---|---|---|---|---|
| 2004 | 1820 | 0 | 46 | 5089 |
| 2003 | 1898 | 0 | 55 | 5142 |
| 2002 | 2038 | 0 | 56 | 5145 |
| 2001 | 2039 | 0 | 231 | 5226 |
| 2000 | 2018 | 0 | 224 | 5061 |
International:
| Expense | In-House | Third Party |
|---|---|---|
| Franchise Fee | No | No |
| Startup Costs | No | No |
| Equipment | Yes | No |
| Inventory | Yes | No |
| Accounts Receivable | No | No |
| Payroll | No | No |
Training
Local workshop, annual convention
Support
Newsletter, Meetings, Toll-free phone line, Grand opening, Internet, Field operations/evaluations
Marketing
Co-op advertising, Ad slicks, National media
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)
Business 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
Your income potential as a RadioShack Franchise entrepreneur depends vastly on many factors. As an entrepreneur, the goals to achieve are related to expanding sales while lowering your operation costs and increasing the quality of your products and or services. Each month your operating costs can include royalty fees, mortgage / rent, supplies for products, staffing, utilities, bookwork, stationary and other items. From one month to the next, you may find your costs fluctuate, but your up-front costs are, for the most part, fixed and they will cover most of the initial setup of equipment, signage and renovations.
Listing Tags
Legal Disclaimer: This information is not a franchise offering for RadioShack and should not be construed as such. The Franchise Mall makes every effort to maintain accurate franchise data but does not guarantee nor assume liability for incorrect data. We recommend that anyone seriously interested in pursuing a RadioShack franchise opportunity, review that franchise's Franchise Disclosure Document (FDD) with an attorney and accountant.
RadioShack
RadioShack Corporation
300 RadioShack Circle
Fort Worth,
TX
76102-1964