iCare Repair

  • iCare Repair Franchising LLC
2145 University Park Drive, Suite 390
Okemos, Michigan 48864
USA
  • (517) 974-8363

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)

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Support 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)
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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
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Franchisee Qualifications

Financial Net Worth 4
General Business Experience 4
Specific Industry Experience 1
Formal Education 1
Psychological Profile 4
Personal Interviews 5
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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
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Expansion Plans

Projected New Units Over Next 12 Months 9
USA Yes, Michigan, Ohio, Indiana, Washington, Oregon
Canada No
Overseas No
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Request Information for iCare Repair

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