Rent - A - Center vs iCare Repair Franchise Comparison

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

Start-Up Costs and Fees

 
Rent - A - Center Franchise
iCare Repair Franchise
Investment $355,392 - $565,190 $55,893 - $120,993
Franchise Fee $35,000 $20,000
Royalty Fee 5.5% 7.25%
Advertising Fee 3% -
Year Founded 1980 2012
Year Franchised 2013 2012
Term Of Agreement 5-10 years -
Term Of Agreement 5-10 years -
Renewal Fee - -


Business Experience Requirements

 
Rent - A - Center Franchise
iCare Repair Franchise
Experience - -

Financing Options

 
Rent - A - Center Franchise
iCare Repair Franchise
  In-House/3rd Party In-House/3rd Party
Franchise Fees -/- -/-
Start-up Costs -/Yes -/-
Equipment -/Yes -/-
Inventory -/Yes -/-
Receivables -/- -/-
Payroll -/- -/-

Training & Support

 
Rent - A - Center Franchise
iCare Repair Franchise
Training On-The-Job Training: 73 hours Classroom Training: 36 hours

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/Conventions Toll-Free Line Grand Opening Online Support Security/Safety Procedures Field Operations Site Selection Franchisee Intranet Platform -
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

 
Rent - A - Center Franchise
iCare Repair Franchise
US Expansion Yes Yes
Canada Expansion No -
International Expansion Yes -

Start-Up Costs and Fees Mobile

Investment
Rent - A - Center Franchise
$355,392 - $565,190
iCare Repair Franchise
$55,893 - $120,993
Franchise Fee
Rent - A - Center Franchise
$35,000
iCare Repair Franchise
$20,000
Royalty Fee
Rent - A - Center Franchise
5.5%
iCare Repair Franchise
7.25%
Advertising Fee
Rent - A - Center Franchise
3%
iCare Repair Franchise
-
Year Founded
Rent - A - Center Franchise
1980
iCare Repair Franchise
2012
Year Franchised
Rent - A - Center Franchise
2013
iCare Repair Franchise
2012
Term Of Agreement
Rent - A - Center Franchise
5-10 years
iCare Repair Franchise
-
Renewal Fee
Rent - A - Center Franchise
-
iCare Repair Franchise
-


Business Experience Requirements

Experience
Rent - A - Center Franchise
-
iCare Repair Franchise
-

Financing Options

  In-House/3rd Party
Franchise Fees
Rent - A - Center Franchise
-/-
iCare Repair Franchise
-/-
Start-up Costs
Rent - A - Center Franchise
-/Yes
iCare Repair Franchise
-/-
Equipment
Rent - A - Center Franchise
-/Yes
iCare Repair Franchise
-/-
Inventory
Rent - A - Center Franchise
-/Yes
iCare Repair Franchise
-/-
Receivables
Rent - A - Center Franchise
-/-
iCare Repair Franchise
-/-
Payroll
Rent - A - Center Franchise
-/-
iCare Repair Franchise
-/-

Training & Support

Training
Rent - A - Center Franchise
On-The-Job Training: 73 hours Classroom Training: 36 hours
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
Rent - A - Center Franchise
Newsletter Meetings/Conventions Toll-Free Line Grand Opening Online Support Security/Safety Procedures Field Operations Site Selection Franchisee Intranet Platform
iCare Repair Franchise
-
Marketing
Rent - A - Center Franchise
Ad Templates National Media Regional Advertising Social media SEO Website development Email marketing
iCare Repair Franchise
-
Operations
Rent - A - Center Franchise
Absentee Ownership Allowed Number of Employees Required to Run: 4 - 6
iCare Repair Franchise
-

Expansion Plans

US Expansion
Rent - A - Center Franchise
Yes
iCare Repair Franchise
Yes
Canada Expansion
Rent - A - Center Franchise
No
iCare Repair Franchise
-
International Expansion
Rent - A - Center Franchise
Yes
iCare Repair Franchise
-

Company Overviews

About Rent - A - Center

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.

Veteran Incentives  $5,000 off franchise fee

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.