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iCare Repair
- iCare Repair Franchising LLC
Okemos, Michigan 48864
USA
- (517) 974-8363
- Mrs. Andrea Barnes, Marketing Manager
- [email protected]
Founded in 2012, iCare Repair is a professional electronics repair company that began franchising in 2015. In four years, the company grew to 11 locations with projections to increase to around 20 by the end of 2016.
iCare Repair offers repairs of devices, including smartphones, tablets, audio players, and laptops. All repairs come with a 90-day warranty on parts and workmanship. Our success lies on the highest value we bring to our customers. Our top-quality parts and certified technicians are our guarantee and our positive reviews speak for themselves.
With our own distribution center being located in Michigan, our franchisees can expect next-day delivery of replacement parts to their store locations. Franchisees can also take advantage of discounted rates on prime parts that have meticulously undergone quality control by our in-house team.
Franchisor Background
Year Established: 2016
Franchising Since: 2016
Operating Units
| Franchised Units | 0 | N/A |
|---|---|---|
| Company-Owned Units | 0 | N/A |
| Total Operating Units | 0 | 100% |
Geographic Distribution
| USA | 0 | N/A | In 0 States |
|---|---|---|---|
| Canada | 0 | N/A | In 0 Provinces |
| International | 0 | N/A | In 0 Foreign Countries |
| Total | 0 | 100% |
Multi-Unit Operators
| Multi-Unit Operators | 0 |
|---|---|
| Franchises Owned by Multi-Unit Operators | 0 |
North American Unit Density
| (no data available) |
Registered in the following Registration States
(not registered in any registration states)
Back to TopSupport and Training
General Information
| IFA Member | Yes |
|---|---|
| CFA Member | No |
| Franchisee Association? | Yes, is a member |
| Size of Corporate Staff | 5 |
| Site Selection Assistance |
Yes |
| Lease Negotiation Assistance | Yes |
| Financial Assistance | No |
Marketing Support
| Co-Op Advertising | No |
|---|---|
| National Advertising | No |
| Regional Advertising | No |
| Local Advertising | No |
Ongoing Support
| Central Data Processing | Included |
|---|---|
| Central Purchasing | Included |
| Field Operation Evaluation | Included |
| Field Training | Included |
| Initial Store Opening | Included |
| Inventory Control | Included |
| Franchisee Newsletter | Included |
| Regional or National Meetings | Included |
| 800 Telephone Hotline | Included |
Training
| (no data available) |
Financial Requirements
Investment
| Minimum Net Worth | $84K |
|---|---|
| Cash Investment | $30K |
| Total Investment | $55K/unit/3 months |
| Average Total Investment | $0K |
Fees
| Initial Franchise Fee | $20K |
|---|---|
| Average Franchise Fee | N/A |
| On-Going Royalty | 7.25% |
| Average Royalty | N/A |
| Advertising Fee | 3% |
Site Information and Requirements
| Average Number of Full-Time Employees | 1 |
|---|---|
| Average Number of Part-Time Employees | 3 |
| Space Needs (in square feet) | Average 600 |
| Preferred Site Types | Free Standing Building, Storefront, Strip Center, Regional Mall |
| Encourages Conversions | Yes |
| Item 19 (Earnings Claim) Provided? | No |
| Listed in the SBA Registry? | No |
Franchisee Qualifications
| Financial Net Worth | 4 |
|---|---|
| General Business Experience | 4 |
| Specific Industry Experience | 1 |
| Formal Education | 1 |
| Psychological Profile | 4 |
| Personal Interviews | 5 |
Terms of Contract
| Term of Initial Contract | 10 |
|---|---|
| Term of Renewal Period | 5 |
| Passive Ownership? | Allowed |
| Area Development Agreements? |
Yes, for 0 years |
| Sub-Franchisor Contracts? |
No |
| Franchisees Allowed to Expand Within Territory? | No |
Expansion Plans
| Projected New Units Over Next 12 Months | 9 |
|---|---|
| USA | Yes, Michigan, Ohio, Indiana, Washington, Oregon |
| Canada | No |
| Overseas | No |
