Techy Repairs & Smart Home Installs Powered by DrPhoneFix FDD – Franchise Information, Costs and Fees
Type of Business
The franchise offered is the operation of a business for the installation, maintenance and repair of cell phones, computers, tablets, and smart home hardware and other electronic devices, and the sale of specified electronic devices, accessories and other supplies and items that they may designate from time to time under the trade name Techy Repairs & Smart Home Installs Powered by DrPhoneFix ®. They may offer in limited markets, the option to add a Wrapped Techy Van or Techy Café to their single store franchise.
Corporate Information
Techy, LLC is a Florida Limited Liability Company formed August 3, 2016. Their principal business address is 3000 South West 4th Avenue, Fort Lauderdale, Florida 33315. They began offering franchisors in August 2016.
Investment
The total initial investment necessary to begin operation of a single store Inline franchise is $173,600 to $399,500. This includes $22,500 that must be paid to the franchisor and a Start-Up Package of $102,500 to $227,500 paid to their affiliate, DrPhoneFix, Inc. In limited market areas the franchisor offers an In- Store franchise in Walmart facilities. The total initial investment necessary to begin operation ranges from $172,500 to $393,000. This includes $22,500 that must be paid to the franchisor and a Start-Up Package of $102,500 to $227,500 paid to their affiliate DrPhoneFix, Inc. and requires you to sublease the store premises from DrPhoneFix, Inc. The franchisor may agree to a Wrapped Techy Van in some markets. The total initial investment for the Wrapped Techy Van is $60,000 to $83,000. This includes $26,000 to $36,500 that must be paid to their affiliate, DrPhoneFix, Inc. If the Wrapped Techy Van is added to the single store franchise, your total initial investment will include the single store total investment. In a limited number of territories, the franchisor may approve the use of a Wrapped Techy Van franchise without a physical store location in the territory. The total initial investment necessary to begin operation of a Wrapped Techy Van franchise without a physical store location in the territory ranges from $82,500 to $105,500. This includes $22,500 that must be paid to the franchisor and $26,000 to $36,500 that must be paid to their affiliate, DrPhoneFix, Inc. They also offer an Area Development Agreement that allows you to open a minimum of two stores within a designated development territory for a total initial investment of $47,500 to $80,000. This includes a development fee of $25,000 that must be paid to the franchisor. You are required to develop an agreed number of stores within a designated territory with a reduced initial franchise fee after the first store, for each store to be developed. The initial franchise fee for the second store to be developed is $10,000, and $5,000 for the third store and each store thereafter. When you sign the Area Development Agreement you will pay the initial franchise fee for the first store plus one-half of the initial franchise fee for each store thereafter.
