| ||||
Updated RecentlyuBreakiFix vs Buddy's Home Furnishings Franchise Comparison
Below is an in-depth analysis and side-by-side comparison of uBreakiFix vs Buddy's Home Furnishings including start-up costs and fees, business experience requirements, training & support and financing options.
Start-Up Costs and Fees |
||
| Investment | $98,350 - $303,000 | $385,166 - $912,594 |
| Franchise Fee | $0 - $40,000 | $25,000 |
| Royalty Fee | 7% | 6% |
| Advertising Fee | - | $500/mo. |
| Year Founded | 2009 | 1965 |
| Year Franchised | 2013 | 2007 |
| Term Of Agreement | - | - |
| Term Of Agreement | - | - |
| Renewal Fee | - | - |
Business Experience Requirements |
||
| Experience | A bit of money, and not just change you found in your friend’s couch cushions. Have a passion for the tech industry, or at least appreciate it. A hardworking nature and a positive attitude. A people-person who enjoys helping folks out. An entrepreneurial spirit who sees the big picture. A person who will put customers above all else. Someone who will embrace the uBreakiFix brand and corporate culture. | - |
Financing Options |
||
| In-House/3rd Party | In-House/3rd Party | |
| Franchise Fees | -/- | -/- |
| Start-up Costs | -/- | -/Yes |
| Equipment | -/- | -/Yes |
| Inventory | -/- | -/Yes |
| Receivables | -/- | -/- |
| Payroll | -/- | -/- |
Training & Support |
||
| Training | Our training program is second to none. It consists of 96 hours of training at our corporate facility in sunny Orlando, FL and 48 hours of intensive onsite training in your store. | On-The-Job Training: 60+ hours Classroom Training: Up to 42 hours |
| Support | Our brand means everything to us, and when you become a franchisee, you’re an extended part of the uBreakiFix brand and community. We don’t mind holding your hand if you need it. From lease negotiations to construction build out, franchisees receive ongoing tech and business support. uBreakifix has built state of the art systems and infrastructure to help you keep tabs on not only your store’s day-to-day operations but also keep your location stocked with all of the parts you need to make the best repairs in the business. | Purchasing Co-ops Newsletter Meetings/Conventions Grand Opening Online Support Security/Safety Procedures Field Operations Site Selection Franchisee Intranet Platform |
| Marketing | Ad Templates Regional Advertising Social media SEO Website development Email marketing Loyalty program/app | Co-op Advertising Ad Templates Regional Advertising Social media SEO Website development Email marketing Loyalty program/app |
| Operations | - | - |
Expansion Plans |
||
| US Expansion | Yes | Yes |
| Canada Expansion | Yes | Yes |
| International Expansion | - | - |
Company Overviews
About uBreakiFix
Founded in 2009, the uBreakiFix concept began franchising in 2013.
The company offers both mail-in and walk-in repairs of electronics
including smartphones, tablets, computers and video game consoles. All
repairs come with a 90-day parts and labor warranty.
UBreakiFix is a retail electronics repair franchise. UBreakiFix franchisees
take advantage of an established name that customers trust with
industry leading quality guarantees and an emphasis on customer service.
UBreakiFix franchisees combine a sought after service with healthy margins.
One byte at a time: uBreakiFix is rapidly growing to become one of the nation's leading electronics repair franchises.
The total investment necessary to begin operation of a uBreakiFix
Store ranges from $98,350 to $303,000, excluding land. This includes
initial fees totaling between $24,150 and $137,000 that must be paid to
the franchisor or its affiliates, including the cost of pre-opening
inventory, equipment, furnishings, signs, and expenses during site
review (ranging between $24,150 and $56,000) that must be paid to the
franchisor or its affiliates.
The total investment necessary to begin operation of a single Mobile Unit ranges from $29,160 to $88,910. This includes initial fees totaling between $2,850 and $38,500 that must be paid to the franchisor or its affiliates.
The total investment necessary to begin operation of a single Mobile Unit ranges from $29,160 to $88,910. This includes initial fees totaling between $2,850 and $38,500 that must be paid to the franchisor or its affiliates.
Veteran Incentives 20% off franchise fee
!["Entrepreneur]("https://d3fg11dgb68kbp.cloudfront.net/assets/photos/franchise-badge-22686037fc120ba1bd59c2c9fd6e0fbf.png"){kind=icon}
#21 in Franchise 500 for 2020.
#18 in Franchise 500 for 2021.
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.