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Updated RecentlyiCare Repair vs Buddy's Home Furnishings Franchise Comparison
Below is an in-depth analysis and side-by-side comparison of iCare Repair vs Buddy's Home Furnishings including start-up costs and fees, business experience requirements, training & support and financing options.
Start-Up Costs and Fees |
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| Investment | $55,893 - $120,993 | $385,166 - $912,594 |
| Franchise Fee | $20,000 | $25,000 |
| Royalty Fee | 7.25% | 6% |
| Advertising Fee | - | $500/mo. |
| Year Founded | 2012 | 1965 |
| Year Franchised | 2012 | 2007 |
| Term Of Agreement | - | - |
| Term Of Agreement | - | - |
| 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 | -/- | -/- |
| Start-up Costs | -/- | -/Yes |
| Equipment | -/- | -/Yes |
| Inventory | -/- | -/Yes |
| Receivables | -/- | -/- |
| Payroll | -/- | -/- |
Training & Support |
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| Training | 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. | On-The-Job Training: 60+ hours Classroom Training: Up to 42 hours |
| Support | - | Purchasing Co-ops Newsletter Meetings/Conventions 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 Loyalty program/app |
| Operations | - | - |
Expansion Plans |
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| US Expansion | Yes | Yes |
| Canada Expansion | - | Yes |
| International Expansion | - | - |
Company Overviews
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:
- Smartphone, Tablet, and iPod Repair Services
- Buy/Sell/Trade of Devices
- Parts and Accessory Sales
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.
About Buddy's Home Furnishings
Buddy’s Home Furnishings is
the third largest Rent-To-Own (“RTO”) furniture, appliance, electronic
and computer provider in the United States. Buddy’s was founded in 1961
in Tampa, Florida and for the first 30 years of existence the Company
operated 21 stores in the Greater Tampa Area. Over the past five years,
Buddy’s has aggressively expanded its footprint by adding new
company-owned and franchised stores outside of its home area. As of July 1, 2015, 103 franchise, 54 company, and 45 partnership stores located
in the South, Southeastern and Southwestern regions of the U.S. The
Company plans to continue this rapid growth over the next several years
by opening new company-owned stores, acquiring independently operated
RTO stores and franchising stores.
The total investment necessary to begin operation of a Buddy’s Home Furnishings retail business is $385,166 to $912,594. This includes
$100,860 to $243,510 that must be paid to the franchisor or an
affiliate. If you enter into a Development Agreement, your investment to
begin operation of your first Buddy’s Home Furnishings retail business
will be as described above (minus the initial franchise fee for the
first Buddy’s Home Furnishings retail business that will be paid as part
of the development fee under the Development Agreement), and you will
pay the franchisor a development fee due in connection with signing the
Development Agreement. The development fee will be $25,000 for your
first Buddy’s Home Furnishings retail business to be developed under the
Development Agreement and 40% of the initial franchise fee for each
additional Buddy’s Home Furnishings retail business to be developed
under the Development Agreement. You must commit to develop a minimum of
two Buddy’s Home Furnishings retail businesses under the Development
Agreement.