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Below is an in-depth analysis and side-by-side comparison of Cell Phone Repair vs Rent - A - Center including start-up costs and fees, business experience requirements, training & support and financing options.
Start-Up Costs and Fees |
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Investment | $79,850 - $205,500 | $355,268 - $560,225 |
Franchise Fee | $25,000 | $35,000 |
Royalty Fee | 6.5% | 5.5% |
Advertising Fee | 2% | 3% |
Year Founded | 2004 | 1980 |
Year Franchised | 2007 | 2013 |
Term Of Agreement | - | 5-10 years |
Term Of Agreement | - | 5-10 years |
Renewal 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 | -/Yes | -/- |
Start-up Costs | Yes/Yes | -/Yes |
Equipment | -/Yes | -/Yes |
Inventory | -/Yes | -/Yes |
Receivables | -/Yes | -/- |
Payroll | -/Yes | -/- |
Training & Support |
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Training | On-The-Job Training: 40 hours Classroom Training: 40 hours | On-The-Job Training: 73 hours Classroom Training: 36 hours |
Support | 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 | Newsletter Meetings/Conventions Toll-Free Line Grand Opening Online Support Security/Safety Procedures Field Operations Site Selection Franchisee Intranet Platform |
Marketing | Co-op Advertising Ad Templates Regional Advertising Social media SEO Website development Email marketing | Ad Templates National Media Regional Advertising Social media SEO Website development Email marketing |
Operations | - | Absentee Ownership Allowed Number of Employees Required to Run: 4 - 6 |
Expansion Plans |
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US Expansion | Yes | Yes |
Canada Expansion | - | No |
International Expansion | Yes | 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.
There's no better way to join the exciting and profitable rent-to-own industry than to franchise with Rent-A-Center. With over 4,100 locations in the United States and Mexico and over $3 billion in annual revenue, Rent-A-Center is the undisputed segment leader.
We offer the resources unmatched in rent-to-own to support our franchisees. In addition to world-class marketing, training and operations support, Rent-A-Center franchisees benefit from in-house financing and a competitive royalty structure that decreases as you grow.
Rent-A-Center Franchising is the nation's first franchisor of independently owned and operated rent-to-own stores, with over 35 years of franchising experience. Today, we are committed to creating value for our Franchisees by supporting them with superior systems, programs and processes every step of the way. Their successes are what drive our franchise model, one that is poised to continue its long, successful history.