Wireless Zone franchise costs, based on Item 7 of the company’s 2022 FDD:
- Initial Franchise Fee: $1,000 to $25,000
- New Franchisee Training, and Travel and Living Expenses While Training: $2,500 to $8,000 per person
- Real Estate/Rent: Not Included
- Real Estate Improvements: $10,000 to $50,000
- Business Equipment and Supplies: $10,000 to $16,000
- Computer Equipment, Signs, Fixtures, Kiosks, and Displays: $51,000 to $132,000
- Miscellaneous Opening Costs: $2,500 to $15,500
How much does it cost to buy into a franchise?
• Franchise Fee: This amount can vary, depending on the franchise, but the average amount is typically $20,000 or $50,000, according to the Small Business Administration. This is paid when you first purchase your franchise.
What are the costs of running a franchise business?
There are a number of ongoing costs including:
- You usually pay a percentage of the sales revenue to the franchisor by way of a management service fee. ...
- Under the terms of the franchise agreement, you may have to buy stock from the franchisor. ...
- You also have to pay the usual business costs - for example, rent for premises, utility bills or the costs of any employees you take on. ...
Are Verizon stores a franchise?
Verizon franchises, called Wireless Zone stores since 1999, attract business investors with experience in communications and cellular telephones.
Are franchise costs deductible?
Franchise fees. The initial franchise fee or transfer fee you pay to the franchisor forms part of the cost base for your franchise business as your capital asset. As these fees are capitally invested in your business, you do not deduct them as business expenses from your annual income tax.
What Are the Eligibility Requirements?
How much does it cost to open a Verizon store?
What are the advantages of opening a Verizon store?
How often do you renew a franchise agreement?
Is Verizon franchising a franchise?
Is Verizon Wireless a company?
Who is Andra Picincu?
See 4 more
About this website
How much do Verizon franchise owners make?
The estimated base pay is $132,092 per year.
Does Verizon have a franchise?
Verizon franchises, called Wireless Zone stores since 1999, attract business investors with experience in communications and cellular telephones.
Is Verizon a corporation or franchise?
Verizon Communications Inc., commonly known as Verizon, is an American multinational telecommunications conglomerate and a corporate component of the Dow Jones Industrial Average.
What is a Verizon authorized dealer?
An authorized Verizon retailer is a privately owned retailer that has been licensed to sell Verizon products and services. These stores are not owned by Verizon and can be owned by an individual or a group of individuals and, as a result, employ their own staff.
How do I become a vendor for Verizon Wireless?
If you believe you qualify, we encourage you to register below.Meet the definition. ... Prove financial stability.Suppliers must be financially sound and creditworthy.Demonstrate continuous improvement. ... Be an established business. ... Submit federal taxpayer ID. ... Provide references. ... Meet insurance & bonding requirements.More items...
How do I become an authorized cell phone dealer?
5 Steps To Become A Cell Phone DealerFind Good Location.Apply For Business License.Inspect Wireless Carrier In Your Area.Find Master Dealer.Click here to become a cell phone dealer.
Who owns Verizon now?
Vodafone GroupVerizon Communic...Verizon/Parent organizations
Did AT&T buy out Verizon?
AT&T does not own Verizon. AT&T only acquired some wireless properties from Verizon to improve its services and range in the wireless domain. In this article, I have talked in detail about AT&T and Verizon as independent companies and their mutual relations as competitors and allies.
What is the difference between Verizon and Verizon Wireless?
Verizon is an American wireless network operator that previously operated as a separate division of Verizon Communications under the name Verizon Wireless.
Who is the largest Verizon retailer?
Verizon's Largest Authorized Retailer - Cellular Sales. Google Pixel 7 Pro. 5G Unlimited plans. 5G Ultra Wideband available in select areas.
Is it better to go to a Verizon company store or authorized dealer?
The biggest difference between corporate and authorized retailers is the return policy. VZW corporate locations have a standardized 30 Worry Free Guarantee policy.
What is the difference between Verizon Wireless and authorized retailers?
Verizon is a telecommunications company that provides wireless services, while Verizon Authorized Retailer is a company that sells Verizon products and services. Verizon Authorized Retailer is a great place to go to get your Verizon products and services.
How much does a franchise cost?
Franchise startup costs can be as low as $10,000 or as high as $5 million, with the majority falling somewhere between $100,000 and $300,000. The price all depends on the industry, location and type of franchise.
Is AT&T a franchise?
AT&T does not offer a franchise program.
Who owns wireless zone?
VerizonWireless Zone® is the largest Verizon franchisor in the U.S. with over 450 locations. Each is dedicated to being a technology center that provides solutions that keep customers connected and productive, offering the latest wireless devices, smart home products, bluetooth accessories and more.
Verizon corporate stores vs authorized/franchised stores
Just a word of warning, use a Verizon Corporate store vs an authorized retail store. My current problem, I approached an authorized Verizon retailer. You know you can't tell the difference in store-fronts, they all have the large Verizon red & white logo emblazoned on the front. A salesperson & I ...
Wireless Zone®, a Verizon Authorized Retailer
Shop at Wireless Zone and get the latest devices on the best network and award-winning customer service. Learn how your purchase helps a local community.
All Wireless Zone Locations | Verizon Wireless Retailer, Smartphones ...
Browse all Wireless Zone locations in the United States to shop smartphones, tablets, and mobile accessories near you.
Become An Authorized Wireless Dealer | Metro by T-Mobile
We’ve been delivering no-annual-contract, unlimited wireless service to customers since 2002, and we’re not stopping anytime soon. Become a Metro Authorized Dealer and join one of the country’s fastest-growing wireless brands.
Partner with Verizon
The Wireless Zone® franchise system is the largest independent, carrier-exclusive, wireless retailer in the country.
Franchise Opportunities
Our Franchisees make a difference in the lives of customers everyday across the nation while investing in their own American Dream!
Celebrate Growth
Celebrate growth with new Wireless Zone Franchise store openings. Keep up to date with latest Wireless Zone locations.
Why A Wireless Zone ® Franchise?
The average person checks their smart phone 46 times a day or 8 billion times a day across America. Phones, tablets, and portable internet devices are not just a way to communicate – these devices are now our life lines and customers are updating them daily.
What is a wireless zone?
The Wireless Zone ® franchise system is the largest independent, carrier-exclusive, wireless retailer in the country partnered with Verizon. Calling our relationship with Verizon a strategic partnership somehow does not do it justice. A more accurate description would be a highly sought-after, invaluable advantage from the country’s most advanced wireless technology carrier.
What are the benefits of being a wireless zone franchisee?
Perhaps one of the biggest benefits to being part of a franchise system is the infrastructure of not only the that initial training program and support, but also the ongoing training and support . Remember, at any given time there are hundreds of Wireless Zone ® franchisees around the country experiencing the same challenges and successes that you are, so know that with the Wireless Zone ® support system you will never be alone.
Is a franchise system good?
A franchise system is only as good as each of its individual franchise owners. For this reason, we are selective in choosing those candidates whom we truly believe will contribute to the strength of our growing system.
Why Wireless Zone® Franchise?
The average person checks their smart phone 46 times a day or 8 billion times a day across America. Phones, tablets, and portable internet devices are not just a way to communicate – these devices are now our life lines and customers are updating them daily.
What are the benefits of being a wireless zone franchisee?
Perhaps one of the biggest benefits to being part of a franchise system is the infrastructure of not only the that initial training program and support, but also the ongoing training and support. Remember, at any given time there are hundreds of Wireless Zone® franchisees around the country experiencing the same challenges and successes that you are, so know that with the Wireless Zone® support system you will never be alone.
What is the key to franchise success?
In other words, the key to franchise success is a mixture of intangible and tangible attributes. Intangible attributes like an understanding of retail environments, a willingness to get involved in the community, a customer service philosophy, the ability to adapt to change and follow a proven system to name a few.
What keeps the wireless zone relevant?
You might say that technology is what keeps the Wireless Zone® relevant, customer service is what keeps us a step ahead. The backbone of The Wireless Zone® franchise system is our wonderful franchisees that follow a proven system every day and serve their communities. Our model is an exclusive carrier model instead of multi-carrier because of the benefits exclusivity brings to our franchisees, their customers, and our organization. Going with a single carrier, Verizon, allows our franchisees to carry reduced inventory, receive preferred services from our carrier, and present to our customers an expert level of knowledge about the products and services we offer.
How many states does AtWork operate in?
AtWork is a national staffing franchise that stands as one of the largest providers of contingent and permanent workforce solutions in the country. They operate in 27 states with over 98 franchises and have helped entrepreneurs reach their dreams of financial freedom through business ownership. Their optimal training has generated annual revenues of over $250M across all franchises.
What is a Minuteman press?
Minuteman Press centers provide digital printing, graphics, design, marketing, direct mail, and related products and services that help promote and grow local businesses. Family owned and operated for over 40 years, Minuteman Press is known for its family-friendly working hours, small staff requirements and capped royalties to maximize franchisee profitability.
What is Express Employment Professionals?
Express Employment Professionals is a business-to-business sales franchise that connects only top-tier talent to companies looking to hire in a multitude of industries. Their franchisee training and support along with their proven business model allows for you to focus on growing your business. Build income while helping those in your community today!
What is Verizon Communications?
Verizon Communications Inc. (NYSE, Nasdaq: VZ) was formed on June 30, 2000 and is one of the world’s leading providers of technology and communications services. Headquartered in New York City and with a presence around the world, Verizon generated revenues of $128.3 billion in 2020. The company offers voice, data and video services and solutions on its award-winning networks and platforms, delivering on customers’ demand for mobility, reliable network connectivity, security and control. Verizon was the first company in the world to launch commercial 5G for mobility, fixed wireless and mobile edge computing. The company's operating structure focuses on two customer-facing areas: Consumer and Business. Citizen Verizon is the company’s responsible business plan for economic, environmental and social advancement.
How many small businesses will be in the digital economy by 2030?
1 million small businesses provided with resources to help them thrive in the digital economy by 2030
How much has diverse suppliers spent on the past 10 years?
More than $50 billion spent with diverse suppliers over the past 10 years
Do I really need an unlimited Verizon plan?
Unlimited data plans are becoming the norm from carriers, with many doing away with their other types of plans. Verizon does have some other prepaid plans with limited that may work for some users, but its post-paid shared data plans don't offer a compelling value compared to its unlimited plans. If you don't frequently stream video and music, you may be able to get by without an unlimited plan.
What other plans does Verizon have?
While Verizon's unlimited plans are on its flagship plans, it offers plenty of other options. You can choose from a number of postpaid plans that let you share a small data allotment with the other users on your account. You can also select from a number of prepaid plans that include data allotments or even unlimited data.
Is Verizon unlimited really unlimited?
Verizon's unlimited plans are all somewhat different, and while they all have some limits, the actual amount of data you're allowed to use is unlimited. Whether you're on the old Verizon Plan with unlimited data or one of the current unlimited plans, you get unlimited data.
What are the best phones I can get from Verizon?
If you want to get a great phone from Verizon, your options aren't limited. Verizon carries many of the best phones on the market. You can get the latest iPhone or the newest Samsung smartphone, and there are plenty of budget options to choose from. Here's our guide on the best Verizon phones available. But, if you're not planning to buy a phone directly from Verizon, you can also check out the best unlocked phones, which will let you activate with Verizon and change to another mobile carrier whenever you want.
Does Verizon have a limit on hotspot data?
For instance, Verizon places limits on mobile hotspot data and streaming video quality. It also will give higher priority to the data speeds of other users after you've exceeded a certain level of data usage in a month. The current exception is for users on the 5G network, which have no bandwidth restrictions applied to general data, streaming or mobile hotspot.
Does Verizon have unlimited data?
This is Verizon's most basic unlimited data plan. You'll get unlimited calls, texts, and 4G LTE data, but you may have your speed restricted any time the network is congested . You'll also have your data speeds limited for video streaming, giving you up to 480p video quality.
How to make international call from landline?
To make an international call from a landline phone to a destination outside of the US, dial 011, then the country code, followed by the area code and the phone number you wish to reach.
Does Verizon charge for international calls?
Many foreign telecommunications companies impose premium fees on Verizon to complete international calls to certain types of devices or services. These include calls made to wireless phones, pagers, personal computers, and personal digital assistants (PDAs); calls that require satellite technology; and calls to information services, such as chat lines or other 900-type numbers. If you make an international call to one of these devices or services, the call will be billed at the higher ("premium") rate than at the standard rate for other international calls. Premium fees are added to the standard rate and will be charged regardless of whether or not you have an international calling plan. Devices and services that are billed premium fees are subject to change without advance notice.
Is FiOS available in select areas?
Fios available in select areas only. Plans include residential direct-dialed domestic calls only. Backup battery available for Fios voice services and E911 (but not data or video). Additional charges, taxes and other terms and conditions apply. Offer subject to credit approval and may require a deposit.
What Are the Eligibility Requirements?
Verizon has strict eligibility requirements for franchisees, which contributes to its global success. Candidates with business experience are highly preferred. The ideal franchisee should possess a specific combination of skills, attitude and determination. He should have in-depth knowledge of the retail environment, strong customer service skills and the ability to adapt to change.
How much does it cost to open a Verizon store?
According to Franchise Times, the cost of opening a Verizon store is anywhere between $160,000 and $395,000. Franchisees who earn $5,000 or less per month pay a 22% royalty fee. The higher your earnings, the lower the fee.
What are the advantages of opening a Verizon store?
Another advantage of opening a Verizon store franchise is that you will have dedicated field-support staff. A team of professionals will visit your store at regular intervals and help you with any issues you may have. Furthermore, Verizon’s marketing team provides support for each store.
How often do you renew a franchise agreement?
Your franchise agreement must be renewed every seven years, so be prepared for the renewal fee of $7,500. There are many standards and procedures that must be followed in accordance with franchise guidelines. Having a thorough knowledge of the benefits and drawbacks of franchise ownership will help you to be completely prepared for this unique and rewarding experience.
Is Verizon franchising a franchise?
The company has been offering franchising opportunities for over 30 years. Today, it's the largest 4G LTE network in the United States. The Wireless Zone University, its training program, aims to teach franchisees everything they need to know about starting and running a Verizon store. Franchisees also receive ongoing support and attend regularly scheduled meetings where they can exchange ideas, share business strategies, ask questions and more.
Is Verizon Wireless a company?
Verizon Wireless has emerged as a leading supplier of smartphones and internet services. The company is a subsidiary of Verizon Communications, a global organization with over 150 locations and $131 billion in annual revenue. In 2018, the median gross profit for a typical Verizon store franchise was $382,572.
Who is Andra Picincu?
Andra Picincu is a digital marketing consultant with over 10 years of experience. She works closely with small businesses and large organizations alike to help them grow and increase brand awareness. She holds a BA in Marketing and International Business and a BA in Psychology. Over the past decade, she has turned her passion for marketing and writing into a successful business with an international audience. Current and former clients include The HOTH, Bisnode Sverige, Nutracelle, CLICK - The Coffee Lover's Protein Drink, InstaCuppa, Marketgoo, GoHarvey, Internet Brands, and more. In her daily life, Ms. Picincu provides digital marketing consulting and copywriting services. Her goal is to help businesses understand and reach their target audience in new, creative ways.
