When was CPR founded?
What is the franchise fee?
How long is a franchise agreement?
What is franchise investment?
Do franchisors have in-house financing?
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About this website
How much does a Cell Phone franchise Cost?
Facts & FiguresLiquid capital required$100,000Net worth required$150,000Investment$40,000 - $150,000Units in operation200
Who founded CPR Cell Phone Repair?
Kelly McMahanKelly McMahan opened the CPR Cell Phone Repair shop in the Sam's Club Plaza in June, and now he's planning to open four more in the Birmingham-Hoover metro area.
How many CPR Cell Phone Repair locations are there?
CPR Cell Phone Repair is one of the largest mobile repair franchises in North America, with more than 500 locations throughout the world.
What replaced CPR?
Now, instead of A-B-C, which stands for airway and breathing first followed by chest compressions, the American Heart Association wants rescuers to practice C-A-B: chest compressions first, then airway and breathing. Some have asked, why did CPR change?
Who made up CPR?
1960. Resuscitation pioneers Drs. Kouwenhoven, Safar, and Jude combine mouth-to-mouth breathing with chest compressions to create cardiopulmonary resuscitation, the lifesaving actions we now call CPR.
Who is the father of CPR?
Peter Safar: father of modern cardiopulmonary resuscitation.
Where Was CPR Invented?
The Paris Academy of Sciences first recommended mouth-to-mouth resuscitation in 1740. Dr. Friedrich Maass performed the first documented instances of chest compression in 1891.
Who started the government phone program?
The FCC established the Lifeline program in 1984 during the Ronald Reagan Administration to provide qualified individuals with discounts on phone service.
Start a CPR Cell Phone Repair Franchise, 2022 Costs & Fees
What Does a CPR Cell Phone Repair Franchise Cost?. To buy a franchise with CPR Cell Phone Repair, you'll need to have at least $50,000 in liquid capital and a minimum net worth of $100,000. Franchisees can expect to make a total investment of $58,150 - $176,000.CPR Cell Phone Repair charges a franchise fee of $37,500.They also offer financing via 3rd party as well as a discount for veterans.
How much does a CPR franchise make in 2020?
For the calendar year of 2020, the average annual revenue of the top 25 performing CPR Franchise Business that were open at least 2 weeks every month was $904,812 . Some CPR Franchise Businesses have earned this amount. Individual results may vary.
How to contact CPR franchise?
Thank you for your interest in a Cell Phone Repair (CPR®) franchise! Please complete the form below or call 877-856-5101 to have an information packet emailed to you and begin our Discovery Process. All information is kept strictly confidential.
What are the key areas of franchise?
We’ve grown to be the category leader by focusing on sustainable value for our franchise partners in the following key areas: 1 Product/Service Diversity 2 Operational & Technical Training/Certification 3 Preferred Supplier Pricing Programs 4 Aggressive Lead Generation Programs 5 Advanced Operational Technology 6 National Account Relationships
What is CPR's focus?
While cases, chargers, tempered glass and other phone accessories are a key part of every CPR location, we are focused on substantially growing our retail product offerings.We have conversion stores with >60% of revenue coming from device sales. We are focused on growing the following product categories:
How much does it cost to open a cell phone repair business?
The total investment to open your own Cell Phone Repair franchise is $55,650-$170,500. Prospective owners are asked to have $75,000 in liquid capital and in return CPR provides numerous benefits and programs to help you successfully run an electronic product sales and repair service business. You can have access to: Operational & Technical Training/Certification, Preferred Supplier Pricing, Aggressive Lead Generation Programs, Advanced Operational Technology and National Account Relationships.
Does CPR have a warranty on Zagg?
CPR has entered into an exclusive partnership with ZAGG to provide same day warranty replacements for their InvisibleShield product. In 2017, 2.75m warranty claims were submitted and only 700,000 processed in franchise locations.
Cell Phone Repair Franchise Opportunities
MMI-CPR, LLC, doing business as Cell Phone Repair, owns and operates stores that provide repair services to phones, tablets, laptops, and game consoles in the United States, India, Nigeria, Kuwait, Guatemala, and Mexico. It also franchises its business. The company was incorporated in 2013 and is based in Independence, Ohio.
How much does CPR Cell Phone Repair franchise cost?
CPR Cell Phone Repair has the franchise fee of up to $25,000, with total initial investment range of $55,650 to $170,500.
About
Selecting your franchise is an important decision -- and CPR Cell Phone Repair's growth is a testament to our brand, business model and franchise partner value-add.
Franchise Opportunities
CPR® presently has over 240 locations worldwide and has been franchising since 2004. CPR has locations throughout the US, Canada, South America, Middle East, and India. CPR is looking for qualified franchisees worldwide and Master Franchises outside the USA.
Benefits
Cell Phone Repair (CPR®) franchise owners are uniquely positioned to capitalize on our society’s growing gadget dependency. This includes cell phones, as well as tablets, gaming systems and computer systems. The CPR® business model enables franchise owners to operate four key profit centers:
Previous Experience is Not Required with CPR-Cell Phone Repair's Complete Business System
The Cell Phone Repair shop is more than a franchise. It is a partnership. We will provide you with the tools and training to help you build a successful business. We also offer live tech support and updated training on an ongoing basis.
When was CPR founded?
CPR-Cell Phone Repair was founded in 2004 and began franchising in 2007. CPR franchise locations offer walk-in, drop-off and mail-in repair services for cell phones and other electronic devices. They also sell smartphones, game systems, music players, parts and accessories.
What is the franchise fee?
What you need to know: Found in Item 5 of the FDD, this may be a flat fee, or may vary based on territory size, experience, or other factors.The franchise fee is an up-front (one-time) cost that a new franchisee pays to the franchisor. This fee is usually due at the signing of the franchise agreement and covers the right to use the franchisor's trademarks, name, and related business systems.
How long is a franchise agreement?
10 years. Definition: The length of time your franchise agreement will last. What you need to know: Franchise terms are typically anywhere from 5 to 20 years in length, but are sometimes instead dependent on factors such as the term of your lease.
What is franchise investment?
Definition: The total amount necessary to begin operation of the franchise. What you need to know: The initial investment includes the franchise fee, along with other startup expenses such as real estate, equipment, supplies, business licenses, and working capital.
Do franchisors have in-house financing?
Some franchisors offer in-house financing, while others have relationships with third-party financing sources to which they refer qualified franchisees.
How much does a cleaning franchise cost?
This model is not to be confused with buying cleaning contracts which is a totally different model with a much smaller investment. Also not to be confused with a MASTER cleaning franchise which is more about selling franchise contracts. A master cleaning franchise is a great business for people with sales experience, and the average gross for a cleaning master franchise is $2,800,000, top earners at $5,800,000 . A master cleaning franchise will have an investment range of between $240k and $400k.
How much do food franchises make?
They assume food franchise owners are the biggest moneymakers, but according to a Franchise Business Review report, 51.5 percent of food franchises earn profits of less than $50,000 a year and only about 7 percent of food franchises have profits over $250,000.
Why do we call Franchise City?
Smart investors call Franchise City because we have all the data on file. But more importantly, not everyone has the skills or background to successfully operate a senior care or staffing franchise. If you are a bad fit, even with the top franchises, you will not make money. A Taco Bell will have people walking in and buying a taco, but it doesn't really matter if you have no business skills, or are not a good communicator. With senior care, staffing and service-based businesses in general the owner is driving that business forward and they need to have specific skills in order to succeed. We provide a detailed skills assessment to all our clients as part of our free service.
What is the highest grossing franchise on QSR50?
The single highest grossing food franchise on the QSR50 is Chick-fil-A. An average Chick-fil-A generates 4.16 million dollars annually and your investment is only $10,000. But keep in mind that Chick-fil-A has a very different franchise model than other franchises and owners do not receive a traditional revenue split, or even ownership of the store. You'll earn a solid six figures, have limited risk, be part of a solid organization with traditional values but you do not own the store or gain any equity.
How much does it cost to buy a McDonald's?
Buying a Mcdonald's will cost you between $1,263,000 to $2,235,000 not including your real estate. Many people think these numbers include real estate, they do not.
Do franchises track net revenue?
Franchises collect royalties on gross earnings, so they typically don't track the net. We help our clients gather the net numbers to make a more informed decision.
Do food franchises have 20% margins?
There are some food franchises that do have 20% margins or higher, but you have to know where to look. ( Contact Franchise City for details) Multi unit owners can do very well but a single unit, unless you have a great location, is not going to generate a lot of money. Let's look at other industries to compare, ...
When was CPR founded?
CPR-Cell Phone Repair was founded in 2004 and began franchising in 2007. CPR franchise locations offer walk-in, drop-off and mail-in repair services for cell phones and other electronic devices. They also sell smartphones, game systems, music players, parts and accessories.
What is the franchise fee?
What you need to know: Found in Item 5 of the FDD, this may be a flat fee, or may vary based on territory size, experience, or other factors.The franchise fee is an up-front (one-time) cost that a new franchisee pays to the franchisor. This fee is usually due at the signing of the franchise agreement and covers the right to use the franchisor's trademarks, name, and related business systems.
How long is a franchise agreement?
10 years. Definition: The length of time your franchise agreement will last. What you need to know: Franchise terms are typically anywhere from 5 to 20 years in length, but are sometimes instead dependent on factors such as the term of your lease.
What is franchise investment?
Definition: The total amount necessary to begin operation of the franchise. What you need to know: The initial investment includes the franchise fee, along with other startup expenses such as real estate, equipment, supplies, business licenses, and working capital.
Do franchisors have in-house financing?
Some franchisors offer in-house financing, while others have relationships with third-party financing sources to which they refer qualified franchisees.
