In the U.S., there are more mobile phones than people, according to Wikipedia. Since electronic devices are an inseparable part of our life, tech businesses are in high demand from a consumer level and for businesses. Consequently, a wide range of opportunities appeared for franchises.
The tech franchises can be divided into three categories: repair businesses, tech consulting companies, the digital marketing agencies. The first category provides services to customers and businesses, while the last two focused on small and medium-sized businesses.
To be a tech franchise owner, you don’t need to be a technician yourself. More important for franchisees to possess an entrepreneurial spirit, be interested in technologies and customer-oriented.
Check out this list of top 19 tech franchises that may be a good investment.
1. CPR-Cell Phone Repair
- Founded: 2004
- Franchising since: 2007
- Initial investment: $58,150 – $176,000
- Initial franchise fee: $37,500
- Ongoing royalty fee: 5.8-8%
- Net-Worth Requirement: $150,000
- Liquid Cash Requirement: $50,000
CPR-Cell Phone Repair offers repair services for various electronic devices. For customers' convenience, the franchise locations have walk-in, drop-off, and mail-in options. The business model has four revenue streams: repair services, devices and accessories sales, B2B services. The franchisor provides training for owners and technicians.
2. uBreakiFix
- Founded: 2009
- Franchising since: 2013
- Initial investment: $60,400 – $220,850
- Initial franchise fee: $40,000
- Ongoing royalty fee: 8%
- Net-Worth Requirement: $200,000
- Liquid Cash Requirement: $130,000
uBreakiFix provides repair for electronic devices, including smartphones, game consoles, laptops, computers. The franchise is an authorized repair center of Samsung and Google. All repairs are made in-house and can be completed in most cases in an hour. The franchisees will get business training, comprehensive support starting from lease negotiations. The engineering background isn’t required; typically, the franchise owners have sales and marketing experience.
3. CMIT Solutions Inc.
- Founded: 1994
- Franchising since: 1998
- Initial investment: $125,970 – $170,200
- Initial franchise fee: $49,950 - $54,950
- Ongoing royalty fee: to 6%
- Net-Worth Requirement: $350,000
- Liquid Cash Requirement: $150,000
CMIT Solutions started specializing in in-home computer services and training. Now the franchise focuses on serving small to medium-sized businesses offering them remote monitoring and maintenance, data backup, disaster recovery, cloud computing, VOIP telecommunications services, and more. The franchisor is looking for candidates with business ownership, management, or executive experience.
4. Wireless Zone
- Founded: 1988
- Franchising since: 1989
- Initial investment: $1,973,500 – $3,121,000
- Initial franchise fee: $40,000
- Net-Worth Requirement: $3,000,000
- Liquid Cash Requirement: $1,000,000
Wireless Zone is a wireless retail franchise. Over 450 franchise locations across the U.S. sell wireless and wireline communication devices, services, and accessories. The franchise has an exclusive partnership with Verizon Wireless. The franchisor provides a turnkey business model, training, field support, and in-house advertising agency services.
5. Multivista
- Founded: 2003
- Franchising since: 2007
- Initial investment: $125,500 – $538,500
- Initial franchise fee: $20,000 - $157,500
- Ongoing royalty fee: 18%
- Net-Worth Requirement: $350,000
- Liquid Cash Requirement: $100,000
Multivista is a professional cloud-based technology used to monitor and document building projects. Franchisees provide webcam feeds, online photo and video documentation of projects for construction professionals. The franchisor will provide extensive training on proprietary software and equipment, ongoing education, and support.
6. TeamLogic IT
- Founded: 2004
- Franchising since: 2005
- Initial investment: $94,550 – $142,800
- Initial franchise fee: $45,000
- Ongoing royalty fee: 7%
- Net-Worth Requirement: $300,000
- Liquid Cash Requirement: $60,000
TeamLogic IT provides an outsourced IT team for small and medium-sized businesses. The franchise business model has several revenue streams: project solutions, managed IT services, software and hardware sales. The franchisees must have strong communication and managerial skills, but IT experience is not required. The support from the franchisor includes but is not limited to training, marketing, and buying power from approved vendors.
7. 101 Mobility
- Founded: 2008
- Franchising since: 2010
- Initial investment: $116,560 – $215,120
- Initial franchise fee: $35,000 - $60,000
- Ongoing royalty fee: 5-7%
- Net-Worth Requirement: $250,000
- Liquid Cash Requirement: $100,000
101 Mobility is a provider of a wide range of personal accessibility and mobility equipment for the disabled and elderly.
The franchise owners will benefit from proprietary cloud-based operating systems, training programs, guidance from an experienced management team, assistance with local marketing. Franchisees must be ready for a full-time commitment to running the business.
8. Our Town America
- Founded: 1972
- Franchising since: 2004
- Initial investment: $63,300 – $86,250
- Initial franchise fee: $47,500
- Ongoing royalty fee: 5%
- Net-Worth Requirement: $160,000
- Liquid Cash Requirement: $70,000
Our Town America is a marketing franchise that connects new movers and local businesses. The advantages of the franchise: low initial investment, home-based model, and proprietary management software. The candidates must be ready to follow a proven system and full-time commitment.
9. WSI
- Founded: 1995
- Franchising since:1996
- Initial investment: $64,450 – $94,550
- Initial franchise fee: $49,700 - $69,700
- Ongoing royalty fee: 10%
- Net-Worth Requirement: $200,000
- Liquid Cash Requirement: $60,000
WSI worldwide network of digital marketing professionals. The franchise specializes in providing customized services to all businesses but primarily small- and medium-sized. The franchisor offers a proven business system. Three types of franchise licenses are available: the local territory license, the regional territory license, and the national territory license.
10. Liberty Tax Service
- Founded: 1972
- Franchising since: 1973
- Initial investment: $58,700 – $71,900
- Initial franchise fee: $40,000
- Ongoing royalty fee: 14%
Liberty Tax Service focused on helping people with tax resolutions, loans, mortgage origination, insurance, and more. The franchisor has extensive expertise and knowledge in taxes, comprehensive ongoing training and support systems. The franchisees will also get assistance with site selection and marketing guidance. Candidates must have Leadership and organizational skills.
11. Computer Troubleshooters
- Founded: 2007
- Franchising since: 2007
- Initial investment: $12,200 – $27,900
- Initial franchise fee: $9,900
- Ongoing royalty fee: 5.82-7.76%
- Liquid Cash Requirement:$60,000
Computer Troubleshooters is a technology services franchise. Franchisees offer IT consultations and a wide range of on-site computer services to customers and businesses. The franchisor will provide comprehensive training, including technical, marketing & sales, business plans and operational manuals, best practices.
12. Experimax
- Founded: 2012
- Franchising since: 2014
- Initial investment: $130,000 – $145,000
- Initial franchise fee: $49,500
- Liquid Cash Requirement: $50,000
Experimax has two business parts: repairs and service for devices and sales of pre-owned products and accessories with a focus on Apple products. No technical background is required because the franchisor will provide the knowledge, training, and tools needed to become an expert. The franchisor will also provide pre-opening support and marketing and advertising guidance.
13. Device Pitstop
- Founded: 2013
- Franchising since: 2013
- Initial investment: $100,700 – $173,000
- Initial franchise fee: $25,000
- Ongoing royalty fee: 4%
- Net-Worth Requirement: $250,000
- Liquid Cash Requirement:$31,000
Device Pitstop provides for its franchisees a proven business system. The franchise stores re-sell used smartphones, tablets, laptops, and computers. Each store has four technician repair stations to provide quick repairs to more customers.
The franchisor offers training, business planning, and advertising assistance, ongoing support. The ideal candidate possesses strong business acumen and management experience.
14. iMechanic
- Founded: 2010
- Franchising since: 2017
- Initial investment: $77,100 – $157,750
- Initial franchise fee: $35,000
- Ongoing royalty fee: 7%
- Liquid Cash Requirement:$75,000
iMechanic provides high-quality repairs for various consumer electronic devices. All repairs are made by professionally trained staff and backed by a lifetime warranty. The franchise owners will benefit from the franchisor’s expertise, ongoing support, and proprietary dashboard.
15. iDropped
- Founded: 2012
- Franchising since: 2014
- Initial investment:$60,100 – $119,089
- Initial franchise fee: $30,000
- Ongoing royalty fee: 6%
- Net-Worth Requirement: $125,000
- Liquid Cash Requirement: $75,00033
iDropped is a consumer mobile device repair franchise. All new franchise owners will attend training on repairing phones and business operations. Ongoing help and support will also be provided.
16. Cartridge World
- Founded: 1997
- Franchising since: 1997
- Initial investment: $36,900 – $109,500
- Initial franchise fee: $18,500
- Ongoing royalty fee: 6%
- Net-Worth Requirement: $100,000
- Liquid Cash Requirement: $30,000
Cartridge World is an ink and toner retail franchise. The franchise also sells printers & supplies and provides repair services for them. Advantages of this business model are low cost, traditional business hours, protected territory, minimum employees, comprehensive training, and support from the franchisor. Retail store is optional.
17. iFixandRepair
- Founded: 2010
- Franchising since: 2010
- Initial investment: $59,750 – $114,000
- Initial franchise fee: $35,000
- Net-Worth Requirement: $150,000
- Liquid Cash Requirement:$50,000
iFixandRepair offers full-range services for smartphones, tablets, and game consoles. The franchise store can be located on a first floor or street-level location or non-traditional locations and require 750 to 1,500 square feet. The business model is suitable for semi-absentee ownership. All new franchisees will have on-premise training in training stores before opening. The candidates must be customer-oriented, have sales and marketing skills, and retail or operations management experience.
18. RadioShack Corp.
- Founded: 1921
- Franchising since: 1968
- Initial investment: $144,875 – $643,851
- Initial franchise fee: $39,900
- Ongoing royalty fee: 5%
RadioShack Corp. is the oldest company on our list with impressive 100 years of operations. The franchise is a national retailer of all kinds of technology products to general consumers and electronics buffs.
The franchisor has comprehensive pre-opening assistance and ongoing support. The franchisees will also benefit from the franchisor's trusted name, buying power, and national advertising campaigns.
19. TechVoo
- Founded: 2005
- Franchising since: 2014
- Initial investment: $92,825 – $156,150
- Initial franchise fee:$49,500
- Ongoing royalty fee: 7%
- Net-Worth Requirement: $250,000
- Liquid Cash Requirement: $100,000
TechVoo specializes in computer and technology repair for both people and companies. The services include fixing hardware, operating systems installation, cleaning viruses, putting in networks, and more. The franchisor will provide all knowledge needed to run the storefront, marketing tools, sales techniques.
