| ||||
Updated RecentlyComputertots vs iDropped Franchise Comparison
Below is an in-depth analysis and side-by-side comparison of Computertots vs iDropped including start-up costs and fees, business experience requirements, training & support and financing options.
Start-Up Costs and Fees |
||
| Investment | $47,700 - $66,300 | $60,100 - $119,089 |
| Franchise Fee | $30,000 | $30,000 |
| Royalty Fee | 8% | 6% |
| Advertising Fee | - | 2% |
| Year Founded | 1983 | 2012 |
| Year Franchised | 1988 | 2014 |
| Term Of Agreement | 15 years | - |
| Term Of Agreement | 15 years | - |
| Renewal Fee | 5% of franchise fee | - |
Business Experience Requirements |
||
| Experience | - | |
Financing Options |
||
| In-House/3rd Party | In-House/3rd Party | |
| Franchise Fees | Yes/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 |
||
| Training | - | On-The-Job Training: 40 hours Classroom Training: 40 hours |
| Support | Newsletter, Meetings, Toll-free phone line, Internet, Security/safety procedures | Newsletter Meetings/Conventions Toll-Free Line Grand Opening Online Support Field Operations Site Selection |
| Marketing | National media, Regional advertising | Co-op Advertising Ad Templates National Media Regional Advertising Social media SEO Website development Email marketing Loyalty program/app |
| Operations |
Franchise can be run from home. International franchisees required to buy multiple units/master licenses; 10% of all franchisees own more than one unit Number of employees needed to run franchised unit: 6 Absentee ownership of franchise is NOT allowed. (100% of current franchisees are owner/operators) | Number of Employees Required to Run: 1 - 3 |
Expansion Plans |
||
| US Expansion | - | Yes |
| Canada Expansion | No | - |
| International Expansion | Yes | - |
Company Overviews
About Computertots
Computertots is now a subsidiary of ComputerExplorers In 1984, personal computers were still considered a luxury, and schools were figuring out how to best use the new technology as a learning tool. Moms Karen Marshall and Mary Rogers saw the teaching potential of computers and began Computertots/Computer Explorers with $1,500, one computer and 10 young students. Franchisees can operate the business using either a manager model or an owner-operated model. A manager employs a staff to assist in the teaching and operation of the business; the owner of an owner-operated model not only teaches classes, but also operates the business.
In 2003, Computertots/Computer Explorers was acquired by The International Center for Entrepreneurial Development Inc., which also owns Kwik Kopy Printing, Kwik Kopy Business Centers, Franklin's Printing, American Wholesale Thermographers, Copy Club, Women's Health Boutique and Parcel Plus.
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.