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Below is an in-depth analysis and side-by-side comparison of Batteries Plus Bulbs vs Cell Phone Repair including start-up costs and fees, business experience requirements, training & support and financing options.
Start-Up Costs and Fees |
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Investment | $201,450 - $385,230 | $79,850 - $205,500 |
Franchise Fee | $37,500 | $25,000 |
Royalty Fee | 5% | 6.5% |
Advertising Fee | 1% | 2% |
Year Founded | 1988 | 2004 |
Year Franchised | 1992 | 2007 |
Term Of Agreement | 10 years | - |
Term Of Agreement | 10 years | - |
Renewal Fee | 20% of franchise fee | - |
Business Experience Requirements |
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Experience | - | |
Financing Options |
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In-House/3rd Party | In-House/3rd Party | |
Franchise Fees | No/No | -/Yes |
Start-up Costs | Yes/Yes | Yes/Yes |
Equipment | Yes/Yes | -/Yes |
Inventory | Yes/Yes | -/Yes |
Receivables | No/No | -/Yes |
Payroll | No/No | -/Yes |
Training & Support |
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Training | Periodic store visits & regional meetings On-The-Job Training: 84 Classroom Training: 168 Additional Training: Ongoing | On-The-Job Training: 40 hours Classroom Training: 40 hours |
Support | National Account Sales Program With Standardized Pricing, On-line Order Capabilities, E-commerce, Real Estate & Store Design Support, On-going Field Support, Product Call Center, Intranet Site plus: Purchasing Co-ops Meetings/Conventions Toll-Free Line Grand Opening Online Support Security/Safety Procedures Field Operations Site Selection Proprietary Software Franchisee Intranet Platform | Purchasing Co-ops Newsletter Meetings/Conventions Toll-Free Line Grand Opening Online Support Security/Safety Procedures Field Operations Site Selection Proprietary Software Franchisee Intranet Platform |
Marketing | Co-op Advertising Ad Templates Regional Advertising Social media SEO Email marketing | Co-op Advertising Ad Templates Regional Advertising Social media SEO Website development Email marketing |
Operations |
62% of all franchisees own more than one unit Number of employees needed to run franchised unit: 4
Absentee ownership of franchise is allowed. | - |
Expansion Plans |
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US Expansion | Yes | Yes |
Canada Expansion | No | - |
International Expansion | No | Yes |
CPR is the most seasoned, most immovably settled, generally known and regarded mark name in the Cell Phone Repair industry. Almost everybody claims a wireless in today's general public and about everybody breaks them at some time too. The mobile phone repair industry is staying put and there is no better approach to take advantage of this exceedingly lucrative market than with a CPR establishment. Similarly as the auto repair industry developed quickly in extent to the quantity of autos being made, the development rate of PDAs and the cell repair industry is taking after a similar example. The market for wireless repairs is still in the early development stages and it will take numerous years for the extension of this market to approach immersion. Owning a CPR establishment is still a ground floor business opportunity as far as start-up expenses and income potential. As a franchisee, you'll have the capacity to offer a full scope of cell repair administrations to your clients with a brand name they've come to trust and regard. Best of all, you'll get the full support of the CPR group - a gathering that is focused on furnishing you with the preparation, hardware and assets you have to make your CPR store an effective, entrenched business. To take in more, we urge you to ask for additional data about this establishment opportunity.