RadioShack vs iCare Repair Franchise Comparison

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

Start-Up Costs and Fees

 
RadioShack Franchise
iCare Repair Franchise
Investment $144,875 - $607,351 $55,893 - $120,993
Franchise Fee $39,900 $20,000
Royalty Fee 7% of net sales 7.25%
Advertising Fee 3% for the Ad Fund -
Year Founded 1921 2012
Year Franchised 1968 2012
Term Of Agreement 10 years -
Term Of Agreement 10 years -
Renewal Fee - -


Business Experience Requirements

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

Training & Support

 
RadioShack Franchise
iCare Repair Franchise
Training Local workshop, annual convention

We'll provide substantial training on repairs and customer service, site selection, supply of low-priced OEM parts and repair tools, Internet presence and marketing, as well as unique point-of-sale (POS) and operational technologies.

Support Newsletter, Meetings, Toll-free phone line, Grand opening, Internet, Field operations/evaluations -
Marketing Co-op advertising, Ad slicks, National media -
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
iCare Repair Franchise
US Expansion - Yes
Canada Expansion No -
International Expansion Yes -

Start-Up Costs and Fees Mobile

Investment
RadioShack Franchise
$144,875 - $607,351
iCare Repair Franchise
$55,893 - $120,993
Franchise Fee
RadioShack Franchise
$39,900
iCare Repair Franchise
$20,000
Royalty Fee
RadioShack Franchise
7% of net sales
iCare Repair Franchise
7.25%
Advertising Fee
RadioShack Franchise
3% for the Ad Fund
iCare Repair Franchise
-
Year Founded
RadioShack Franchise
1921
iCare Repair Franchise
2012
Year Franchised
RadioShack Franchise
1968
iCare Repair Franchise
2012
Term Of Agreement
RadioShack Franchise
10 years
iCare Repair Franchise
-
Renewal Fee
RadioShack Franchise
-
iCare Repair Franchise
-


Business Experience Requirements

Experience
RadioShack Franchise

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

iCare Repair Franchise
-

Financing Options

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

Training & Support

Training
RadioShack Franchise
Local workshop, annual convention
iCare Repair Franchise

We'll provide substantial training on repairs and customer service, site selection, supply of low-priced OEM parts and repair tools, Internet presence and marketing, as well as unique point-of-sale (POS) and operational technologies.

Support
RadioShack Franchise
Newsletter, Meetings, Toll-free phone line, Grand opening, Internet, Field operations/evaluations
iCare Repair Franchise
-
Marketing
RadioShack Franchise
Co-op advertising, Ad slicks, National media
iCare Repair Franchise
-
Operations
RadioShack Franchise
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)

iCare Repair Franchise
-

Expansion Plans

US Expansion
RadioShack Franchise
-
iCare Repair Franchise
Yes
Canada Expansion
RadioShack Franchise
No
iCare Repair Franchise
-
International Expansion
RadioShack Franchise
Yes
iCare Repair Franchise
-

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 iCare Repair

Join a fast-growing business opportunity with iCare Repair

We place substantial value on our brand. Our outstanding commitment to our customers and partners proves to be the best in the mobile phone repair industry.
With our extensive business model, you can take advantage of the increasing number of users of mobile devices and excellent profit potential on these areas:

Increasing Demand

Around 33 percent of smartphone users lose/damage their phones, according to Plaxo, while a British study found that an iPhone gets broken roughly 10 weeks from purchase.
As smartphones and tablets have many breakable parts such as a fragile LCD (liquid crystal display) screens and inaccessible batteries, users are going to need repair services for their broken gadgets.

iCare Repair is proud to be a trusted brand that has garnered multiple positive reviews from our satisfied customers.
We thrive in the competitiveness and affordability of our products and services, besides the outstanding customer service that we offer at all our locations.

With our effective business model, iCare Repair provides a great opportunity for franchisees who want to gain financial independence and the ability to make their own business decisions.

Veterans get 25% discount off franchise fee.