Start Your Own Business Today - The Franchise Directory · Franchise Opportunity Start Your Own Business Today ownadrphonefix.com - 877.752.0956

Franchise Opportunity

Start Your Own Business Today

ownadrphonefix.com - 877.752.0956

SuccessIt’s our only way,our only goal...

Contents1. About The Founder2. Certified Training3. Strategic Marketing Team4. Headquarters5. Experienced Support Team 6. Strategic Development & Brand Recognition7. Benefits of Being a Franchise8. What Our Owners Are Saying9. Total Investment10. Start-up Costs11. Why Us12. Easy Steps13. FAQ – Frequently Asked Questions14. Benefits of This Industry15. “Am I a Good Franchise Candidate?”16. How to be a Successful Franchise Owner17. Start Your Own Franchise18. Franchising: The Proof is in the Numbers20. Benefits of Franchising vs Small Business

As a young boy, Bill Daragan was bitten by the entrepreneurial bug. He spent most of his teenage years preparing to walk down this path. Upon graduating from high school, he quickly made his mark as a business owner. In 2008, Bill Daragan purchased an existing 1,000 square foot wholesale cell phone accessory business in a shopping plaza in Plantation, Flori-da. His merchandise was sold to local businesses such as flea market kiosks, small cell phone stores, etc.

The Proud Owner OfDrPhoneFix

Accessories were packed in boxes that were ceiling high, making it difficult for customers to find exactly what they wanted. A customer would come in and grab 10 black cases for an iPhone and leave with only that purchase, not realizing that the other boxes held every color imaginable. Bill decided to unpack the boxes and display all the varieties of colors and designs by hanging them on the walls for easy access. In just a month’s time, his business tripled and he immediately needed more space. To accomodate this he took over the unit next to him, adding another 1,000 square feet to his business. It seemed that every month, business was increasing and he needed more space. Due to Bill’s great prices, personality, and dedicated team, he took over most of the shopping center totaling 11,000 square feet. He soon needed room to store inventory and had to rent warehouse space directly behind the expanded wholesale business. At this point, he decided to open a couple of kiosks in a mall and start selling accessories to the public. Realizing that he needed a good right hand man, Bill asked his cousin Timothy Phelps to partner with him on this new retail venture. With Tim supervising, this business also excelled. During this time, customers repeatedly asked Tim if he could also fix the broken screens on their phones. Being the sales expert that Tim is, he did not want to turn down any business. He diligently learned how to disassemble and reassemble phones in order to complete the necessary repairs. Before long, screen repairs became a major portion of the business. This encouraged Bill and Tim to turn the kiosks into a cell phone repair and accessory store. The first step in bringing their vision to fruition was to come up with a great name. After much collaboration, ‘DrPhoneFix’ was born. Now the growing needs for quality and professional repairs would be met.

This demand motivated the cousins to open a brick and mortar location. Coincidentally, there was still 1,000 square feet left at the south end of the same shopping center as Bill’s accessory business. This became their first in-line DrPhoneFix store. DrPhoneFix did so well that they spoke with Dan Daragan, Bill’s father and accomplished businessman, for his expert advice on how to expand thier business. He recommended developing a license program. A few months later, they opened their first Licensed DrPhoneFix in Alabama. The three worked tirelessly on selling license agreements, as well as opening other corporate locations. After several licensed stores were up and running, it became apparent to Bill that if he wanted to be successful on a grand scale; he would need to have more supervision over each DrPhoneFix location. Dan then made the suggestion to convert the License Program into a Franchise Program. To handle their projected growth, in 2013 DrPhoneFix purchased a 24,000 square foot warehouse to use as headquaters for corporate and franchise stores. There are 6 showrooms, training facilities, a marketing department, and corporate offices. The Franchise Program became a win-win for both the company and the Franchisees, as now they would have more hands on help and their stores would run more efficiently. There are currently thirty DrPhoneFix stores, located in four states. DrPhoneFix provides customers with professional highly skilled technicians and management they can count on! Their goal is keep customers happy by helping to keep their devices in working order. The sky is the limit...We are looking for store owners who have the same drive for success… Are you one of them?

Be The Proud Owner of a DrPhonefix Mobile Device Repair Franchise

Bill DaraganPresident and Chief Executive Officer

Timothy PhelpsDeputy Chief Operating Officer

More Drive Equals More Success | OwnaDrPhoneFix.com | 877.752.0956

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We provide state of the art training from our DPF Certified Technicians. Upon completion, Franchisees and their staff will be able to repair an array of electronic devices such as: Smartphones, Tablets, Computers, and Gaming Consoles.

DPF Certified Training

Store Operations Training

The first week of training includes the basics on how to operate a store. We provide demos to our point of sale system, instructional guides on how to use our customer databases, detailed lists of daily tasks, as well as techniques on getting any customer through the door!

What Makes us Different

Repair Training

Repair training covers all aspects of fixing electronic devices. DrPhoneFix training seminars cover everything from learning about all of the different tools we use to disassembling and reassembling devices. You will experience a hands-on technician training over a 2 week time period like none other. We mold repair novices into technical masters.

Sales Representative Training

Not only are our technicians great at repairing, they’re also savvy in the sales and customer service departments. We not only train our employees to be go-getters, but also how to handle a multitude of different situations. A variety of customer scenarios are assigned to each trainee during our seminars, to ensure that they are prepared to handle anything that comes their way.


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With your marketing expense comes the support to grow your business. DrPhoneFix has an in-house marketing team that will support, work, and partner with you on local market domination, strategic marketing, media development, and optimization with search engine rankings.

Strategic Marketing Team

Modesto Ochoa is a Web and Graphic Designer, with more than 18 years of experience. At the age of 8 years old, he would help his father assemble computers and accompany him on networking projects. That is when Ochoa’s love for technology started, and has continued to grow ever since. He started editing websites at an early age in 1998, while he was still in high school. This led to his interest in graphic design, which then led him to taking web design and programming classes at American High School in Miami, Florida. Following his High School graduation, he continued to expand his knowledge in the Web Design industry during his attendance at the Art Institute of Fort Lauderdale. Throughout the next three years, he vigorously studied the subjects of Computer Science Web Designs & Multimedia. Modesto has worked to master his Marketing craft with DrPhoneFix for the past 5 years. He has built a strategic, in-house Marketing Team composed of Web Designers, Graphic Designers, Content Writers, SEO and PPC specialists to continue enhancing the DrPhoneFix brand. He strives to make DrPhoneFix one of the most popular Cell Phone Repair brands in the mobile repair industry.

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Our 24,000 SQ FT Headquarters location is based in the heart of Fort Lauderdale, Florida… just minutes from the airport! This is where all the DrPhoneFix magic happens, from interior designing and marketing strategies to supplying inventory. This is also home to a DrPhoneFix retail store which is open to the public.

Headquarters More Drive Equals More Success | OwnaDrPhoneFix.com | 877.752.0956

Our warehouse contains over $2 million dollars worth of wall

to wall inventory. All franchisees have access to the latest

selection in parts and accessories. With free, expedited

shipping and delivery, we make sure you are equipped to

serve all your customers, and all their needs, at all times.

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Madelyn MedinaParts Specialist

Dan DaraganDirector of Development

Alvaro GarciaHead Technician

Kiara PartidaDirector of Training & Development

DrPhoneFix’s Head Technicians are quick learners and self-motivated, independent, hard workers. In addition, they have the ability to perform all tasks handed to them under extreme pressure; in a high paced environment. Head technicians are expected to effectively perform maintenance, troubleshooting, and repairs on all electronic, cellular, and computer based equipment without assistance.

Maria Arredondo Director of Sales

Tammie Daragan Director of Inventory

Aids in exceeding annual sales targets within assigned regions. Establishes and maintains strong, long-lasting customer relationships. Observes the market, identifies new trends, and monitors the industry’s main competitors. Based on observations, develops and executes strategic sales plans in order to increase profit margins as well as the company’s customer base.

Coordinates with DrPhoneFix clients (Franchisees/Licensees/Store Managers) to ensure all parts reach customers within an appropriate time frame. Maintains updated knowledge on all new products. Administers and retains records of all warranty parts returned, evaluates and tracks all orders. Ensures optimal level of customer satisfaction by collaborating with customers/vendors to maintain sufficient inventory stocks. Processes invoices and evaluates quantity/quality of merchandise received as well as keeps record of all parts purchased/received.

Inventory management oversees the Parts Specialist at headquarters in ordering, storage and tracking of products. This position also includes organizing and maintaining files on all distributions of products. An Inventory Director’s job involves time at HQ as well as travelling to DrPhone Fix stores throughout the region. Inventory is a major asset to our company and must be managed thoroughly, with highest regard.

Responsible for creating/implementing training programs and overseeing the development of careers. Provides classroom-style training, demonstrations, on-the-job training, continuing education training, workshops, as well as supervising operational/technical training for all staff members and Franchisees. Assesses DrPhoneFix’s needs and plans training programs accordingly. Establishes testing, performance feedback , and performance evaluations for all trainees in order to create long-term career plans with DrPhoneFix.

Experience Support Team “Our Experts Team”


Provides strategic support to potential and existing franchisees by identifying new trade zones, recommending business models, analyzing and managing openings, design and real estate. Creates strategic development growth plans for every franchisee. Identifies, reviews and validates new unit development opportunity using current success criteria. Oversees the execution and management of all new development agreements. Reviews, approves and certifies all new unit advancements.

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Wisely using your talents and resources is key to success as a franchisee. Learn how to develop the strategies that will increase your profitability, approval ratings, and boost customer satisfaction. DrPhoneFix’s team will provide the blueprint for your business to grow.

Strategic Development

A household name with a firm grip on the market, DrPhoneFix is poised to continue it’s growth worldwide. We have fine-tuned our franchise concept to ensure success for business owners. Now is the right time to get on board and become a member of the DrPhoneFix Family.

Brand Recognition

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Benefits include but certainly are not limited to: Assistance in finding the best location possible; initial training and ongoing support; the selling power of a well-known and trusted brand; lower costs through group purchasing; use of an established business model; and a network of peers (our corporate team and your fellow franchisees) to provide advice and encouragement.

Benefits Of Being a Franchise

There are nearly one million franchise businesses in the United States, and the numbers are growing exponentially due to individuals seeking out ownership that provides the security in which franchises bring. When you become a DrPhoneFix franchisee, you’re in business for yourself but never by yourself.Mastering our franchise years of development by running and opening 20+ stores nationwide, DrPhoneFix will help you succeed in your business. Our marketing and development team strives 24/7 to create, design and develop innovative and exciting ways to bring more customers into your store. We take pride in helping both you and your staff grow together and have faster turn around times on all repairs offered to your clients. Our website, instructional PDFs, and all training materials are available 24/7 to help you grow as a certified technician and successful business owner.

1. Success Track Record Working diligently, we have fine-tuned our franchise company into a business model that brings real results. We proudly provide all franchisees with up to date trainings, certifications, as well as the information needed to be successfully profitable.2. On-going Support Recognizing the importance of being leaders in the mobile repair industry, DrPhoneFix is sure to always have a team of highly trained Certified Techs, Support Specialists, and Marketing Team Members within your reach whenever you need them.3. Purchasing Power Having access to the lowest pricing on parts, accessories, furniture, and equipment is essential for a budding franchise. DrPhoneFix makes sure that business owners have all the buying power. they need for their Mobile Express or Brick and Mortar Shop.

The Doctor that goes the extra mile...

Be The Proud Owner Of A

DrPhoneFixMobile Device Repair

Franchise


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Brad CasperOwner of Two Utah Stores

I appreciate the strong support that DrPhoneFix provides. Their help with marketing, parts orders, inventory, and technical solutions makes owning a DrPhoneFix store easier than I could have imagined.

Cesar VasquezOwner of Hammocks, FL StoreWe explored several alternatives before joining DrPhoneFix, but nothing felt like the right fit for us. DrPhoneFix was different; It felt like home from our very first visit to Headquarters. From the receptionist who greeted us, the enthusiastic marketing team, the meeting with Bill, Tim, and Dan, to the opening of our very own store - the process made us feel like part of the family. My family and I are grateful for this opportunity and look forward to our bright future as part of the DrPhoneFix family.

Gerald KnightOwner of Plantation, FL StoreIn late 2012, we decided to leave the Hospitality industry for a Tech related one. With a growing family, it was financially important that we not only got into a growing industry, but one that allowed time with our sons.After much research, we decided on joining the DrPhoneFix family and opened a location in sunny Plantation, FL. This is definitely the best decision we have ever made as a family.

Rodrigo GarridoOwner Of Davie, FL Store

After successfully working for 30+ years as a Civil Engineer in the Construction Industry, I decided to become an Entrepreneur in the retail business and I found DrPhoneFix as an option.I became a Store Owner when the company first started to expand in 2013.Other than saying that I made the right decision, I can assure that you will be dealing with great people.

What Our Owners Are Saying

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DrPhoneFix has multiple options available to our FranchiseesTotal Investment

This unit franchise package includes locations ranging from 500-2000 sq. feet as well as the following:

• 3 Weeks of DPF Certified Training

• Initial Inventory

• Store Build Out

• Computer POS Package

• Area Exclusivity

• Interior and exterior signage

• Furniture

• Surveillance system

• Equipment for repairs

Total Investment Ranges

$92,000-$175,000

All Single Store package features with multi-store franchise fee discounts:

$25,000 for the first DrPhoneFix location, plus one-half of the progressively reduced Initial Franchise Fees ($20,000 second store, $15,000 third store, $10,000 fourth store, $5,000 fifth store and every additional store).

Total Area Investment

$179,000-$500,000

Area Developer

All Single Store and Area Developer package features, as well as leadership responsibilities. Leadership responsibilities include development, training, management, and ongoing support. Also includes:

• City and/or County territories

• Share Franchise and royalty fees

Total Area Investment

$250,000-$1,000,000

Call 877-752-0956 for more information & details!

Master Franchise

Single Store Front

What’s in your future? Pick your path below:

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This unit franchise package includes locations ranging from 500-900 sq. feet. Benefits from having a store inside Walmart:

• Walmart serves over 140 million customers a week

• $279 billion in US sales in 2014 and 1.2 million employees

• 90% of the US population lives within 15 minutes of a Walmart

• Store size ranges from 98,000 to 220,000 square feet

• There are over 3000 Walmart Supercenters in the US

Total Investment Ranges

$96,000-$199,950

Store Inside Walmart

Start-up Costs? Description Estimated

AmountMethod of Payment When Due To Whom

Payable

Initial Franchise FeeTravel and Expenses

$25,000–(For Single Store) Lump Sum

On signingFranchise

AgreementUs

While TrainingReal Estate 3 Months $2,500 - $4,000 Lump Sum As incurred

Transportation Lines,Hotel Facilities,

etc.

Initial Rent $4,500 - $15,000 As arranged As incurred Lessor/Owner of Real Estate As incurred

Tenant Improvementsand Remodeling $16,000 - $65,000 As arranged As incurred Contractors,

architects, ServiceProviders

Cabinetry, Shelving,Furnishings, Furniture $16,000 - $40,000 As arranged As incurred Designated

Suppliers

Signage $8,000 - $15,000 As arranged As incurred Designated Suppliers

Equipment $500 - $1,000 As arranged As incurred Designated Suppliers

Start -Up Package $12,000 - $18,000 As arranged As incurred Designated Suppliers

Utility Deposits,Permits $500- - $1,000 Lump Sum As incurred Utility companies,

cities andmunicipalities

Business License $500- - $1,000 Lump Sum As incurred

City agencies,normally depends

upon the number ofemployees.

Insurance $750 - $1,200 As arranged As incurred Insurance Agencies

Legal and Accounting $2,000 - $3,000 As arranged As incurred Attorney, Accountant

Computerhardware/software

POS and PC$1500 - $2,000 Lump Sum

Upon signingFranchise

Agreement;prior to open-

ing

DesignatedSuppliers/Vendors

Surveillance Systemand Alarm System $850-$1,250 Lump Sum As incurred Designated Suppliers/

Vendors

Grand OpeningMarketing Program $3,000 As incurred As incurred

DesignatedSuppliers/Vendors

Miscellaneous Costs $3,000 - $4,500 As arranged As incurredUs/Vendors/

Designated Suppliers

TOTAL $102,600- $214,950Employees,

Designated Suppliers,Vendors

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+

Why Us?

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+ WALMART®

Cell phone repair franchise, DrPhoneFix is excited to announce that its franchise locations can now be opened in Walmart shopping centers throughout the United States!

DrPhoneFix, which is headquartered in Fort Lauderdale, Florida, has opened its first Walmart based location in the Naples, Florida Walmart Supercenter. The ability for DrPhoneFix to open a location inside any Walmart will provide them the opportunity to serve a much larger clientele base. On the other hand, it will also provide an additional valuable service to Walmart shoppers.

Franchise opportunities are available throughout the country and new locations are opening rapidly. Business professionals are quick to take advantage of this booming industry and comprehensive training provided by DrPhoneFix. For example, franchise owners are trained in all of the following areas: store operations, marketing support, cell phone repair and sales.

industry statistics• Annual industry revenue is $1 billion with projected annual growth of 4.9%

• Tablet penetration is now 30% of the US market and growing faster than any other smart device with higher repair margin

• Profitability will increase over next five years as repairs continue to see margin improvement accelerated by tablet penetration

• There are no companies with a dominant market share in the industry

• Smartphone penetration continues to grow

Walmart Store Statistics• Walmart serves over 140 million customers a week

• $279 billion in US sales in 2014 and 1.2 million employees

• 90% of the US population lives within 15 minutes of a Walmart

• Store size ranges from 98,000 to 220,000 square feet

• There are over 3000 Walmart Supercenters in the US

Receive Franchise informational PDF

Fill Out Application

We will call you at your desired time

Speak to a Franchise Associate

Read over FDD and we will answer

any follow up questions

Received Franchise Disclosure Agreement

Easy Steps To Owning A DPF Franchise

To Own a DPF Franchise

APPLY TO OWN

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1. Request Information

2. Download Franchise Report

3. Initial Call

4. Complete Franchise Application

5. Receive FDD

6. Follow Up Call

7. In Person Meeting

8. Sign FDD

9. Pay Franchise Fee

10. Find a Location

11. Store Build Out

12. Repair & Management Training

13. Store’s Grand Opening

DrPhoneFix staff is always available to answer any questions you may have about our franchise process, below are some of the most common questions we’ve received from potential Franchisees.

If you did not see an answer to a question may have, or need assistance with, feel free to email us directly at [email protected] or call us at 877-752-0956. A member of our support team will be available to answer any questions.

Frequently Asked QuestionsMore Drive Equals More Success | OwnaDrPhoneFix.com | 877.752.0956

Minimum Qualifications

• What are the basic financial requirements for franchising with DrPhoneFix?

A credit score of 550 or better.

• What are liquid assets?

An asset is said to be liquid if it is easy to sell or convert into cash without any loss in its value

• How do I determine my net worth?

Your net worth is essentially the grand total of all your assets minus your liabilities.

• Do you require repair experience?

No, we will give you all the necessary training.

• If I cannot personally meet all the requirements, may I partner with other people?

Yes. However, the partner that runs the store must attend our extensive training program and be DPF Certified.

Real Estate Development Qualifications

• What type of locations do DrPhoneFix stores usually open in?

We look for locations with great exposure with either heavy foot traffic or heavy traffic patterns that are located in either a shopping center with a major anchor or a local regional mall.

• What does DrPhoneFix look for in a location or site?

See #6 above. In addition, we look for strong demographics, good ingress and egress, and plenty of parking.

• Who determines whether or not I can open a DrPhoneFix in a particular location?

Both the Franchisee (you) and DrPhoneFix.

Finance

• Does DrPhoneFix provide financing?

Yes. The Franchise Fee must be paid up front, and then with a good credit score we will finance 40% of the remaining balance to open your unit.

General Information

• I am interested in owning the development rights for an entire area, so that I am the only one who can build DrPhoneFix’s in that area. Can I do this?

Yes. Speak to Dan Daragan the Director Of Development for details.

• Can I purchase existing DrPhoneFix stores from the company or from other franchisees?

Yes. Speak to Dan Daragan the Director Of Development for details.

• How long does it normally take to get approved to become a franchisee?

Approximately one week.

• Once I’m approved to become a franchisee, how long until I can actually open a DrPhone-Fix?

Approximately 60 to 90 days

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* 99.5% Access content

* 63.1 % Access the internet

* 62.1% Check email

* 49.2% Listen to music

* 46% Play games

What do consumers do on their mobile Devices?

DrPhoneFix has multiple options available to our Franchisees

64% of Americans have a smartphone.

Smartphone Sales Broke The Billion Barrier in 2013

Americans have spent over

on cell phone repairs for the past 7 years

$23.7 Billion

42% of Americans own a tablet.

Increase by 2017 (1,734)

Benefits Of This Industry

The Cell Phone Repair industry has experienced strong growth during the past decade as smartphone and tablet usages have increased. The rising popularity of expensive but fragile smartphones has given the industry a significant boost since 2010.

* 41.7% Download and use apps

* 15% Read a book

* 15% Make purchases

Mobile Repair Market Is A BOOMING Business14

DrPhoneFix has multiple options available to our Franchisees

Franchising could be the perfect fit for you. If you have considered opening up your own business, or are fond of the idea of purchasing a franchise, you’re on the right track. Many potential franchisees are independent, want to run their own organization and have comprehensive business knowledge – but that’s just the beginning. A good franchise candidate is motivated and dedicated. If you love business, customer service as well as building and leading a team, franchising could be right for you. Like a startup company, franchisees have to choose a location, hire a team and train staff to be successful. Unlike a startup, franchises are not nearly as monetarily risky.

Am I a Good Franchise Candidate?

IdealFranchiseCandidates Must BeMotivated


Franchises do cost money, so a good candidate will also be financially stable. Most franchises are reasonably priced, but they still require start up capital. Having the cash to buy the franchise isn’t necessarily the only way, but individuals should be able to get a business loan for the obligatory amount. In addition to the upfront franchise fee, owners must also be able to afford ongoing royalties and any start up costs out of the scope of the business contract.

Interpersonal skills and a positive attitude are other traits that make up a good franchise candidate. As an owner, you will be responsible for interacting with staff and customers. Keeping both of these parties happy can come down to being able to relate to them,

communicate and collaborate with them. A positive attitude will help you find the right people and keep customers satisfied. Negativity can be the main cause of failure, as it spreads like wildfire from management to employees to customers. An innate positive attitude is a must-have when it comes to being the right fit for franchise ownership.

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Franchise Company Tips: How to be a Successful Franchise Owner

On top of financial stability and the right personality, if you have done research into owning and operating a franchise, you are a great fit for franchising. Knowing exactly what you’re getting into is half the battle. For franchises and businesses in general, jumping in without prior knowledge and education is a recipe for disaster. If you have spent time on the Internet, reading reviews and scouring articles, you are at a huge advantage. This type of educational research also shows resourcefulness, another important trait for any type of business owner.

All of these aspects make up someone who is a great candidate for owning their own franchise. A major bonus that should be mentioned however, is corporate experience. Previous work in sales, marketing, management or human resources can all help you develop and sustain a new franchise. From balancing the books to holding productive staff meetings, a solid background in corporate companies is a huge plus. You can still be a successful franchise owner without these skills; you may just have to work a little bit harder.

If most of these traits sound like you, a future in franchising could be in store. Doing your homework about the company, staying positive and motivated, as well as getting your finances in order are the best preparation for owning a franchise. If you know you’re a good candidate for owning a franchise, what are you waiting for?


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Franchise Company Tips: How to be a Successful Franchise Owner

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Start Your Own FranchiseBusiness professionals that are farther into their careers are also great prospects for becoming a franchisee. With years of business experience under their belts, it could be a natural transition from business professional to business owner. This demographic of professionals often have enough money for a franchise investment and also the knowledge that gives them an advantage in the market of their choice. For example, a business professional that has worked in the smartphone or tablet industry for six years is the perfect fit for a DrPhoneFix franchisee as they have the experience, knowledge and passion for the electronic device industry. They know the right kind of people to hire and how to excel at customer service.

Seasoned veterans of the business world can also find a place in franchising. As the hustle and bustle of corporate life gets taxing and frustrating, investing in a franchise

allows older professionals a chance to continue working but on their own terms. Franchises provide a structured way of business that is less of a monetary risk than opening an independent business from scratch. Instead of retiring, many business veterans enter into the world of franchising for a new career path. They know what works, what doesn’t and how to navigate all types of business challenges. Since franchises can be opened around the world, they can easily relocate and start a new business venture of their choice.

No matter which group you fall in, or if you don’t fall into one at all – you could be the perfect fit for franchise ownership. DrPhoneFix is actively seeking motivated individuals of all ages and backgrounds to join their team.

Anyone can tell you that investing in his or her business is a good idea but we can prove it. Franchising is one of the safest ways to invest your money and run your very own business. You don’t have to just take our word for it; there are some pretty significant industry statistics to back it up. FranchiseGrade is a research firm that surveys today’s franchisees to compile a look into the industry as well as its trends and changes. A study of more than 12,000 franchisees has brought us these very important numbers;

The Proof is in the Numbers

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As a potential franchisee, this is a very great percentage. Out of every ten people that own a franchise, 8 of them had a profitable year ranging from hundreds of dollars to hundreds of thousands of dollars. This number shows the potential and success that franchisees are having all over the country and throughout a variety of different industries. It also shows how the economy has improved and that spending has returned to normal, after years of financial instability.

75% of franchisees are proud to be a part of their franchiseAs important as it is for franchisees to make money, it’s also crucial for them to be passionate about their business. When an owner lacks interest, the business will almost always begin to fail whether due to unmotivated team members or customers that don’t return. 75% of franchisees are proud of what they do and are having monetary success because of it. They get to enjoy going to work each day, run their own company and reap the rewards of a successful company and brand.

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81% of franchisees

were profitable last year

Franchise Opportunities

78% of Franchises had fewer than 5% of their locations close over one year

Sometimes franchises do have to close, it’s the nature of the business. For example, when Blockbuster couldn’t compete with Netflix, its locations sadly had to close little by little. Even though the franchise owners could have been dedicated managers, the industry just couldn’t justify these locations. Luckily, this comprehensive report shows that a vast majority of franchises hardly had to close any locations over the span of a year. The stability of the franchising industry is displayed perfectly through this statistic.

46% of franchises offer financing

This statistic is important because it shows that not all franchises require your total investment, in cash, up front. Since not many hopeful entrepreneurs have thousands of dollars in the bank, it doesn’t mean that they can’t venture into the world of franchising. If you want to explore all that franchising has to offer you, it can never hurt to ask a potential company whether or not they will offer a financing opportunity for you to make it an easier investment.

These numbers, straight from the franchising industry, provide great insight for current and potential franchisees. They also support the debate that franchising is a great opportunity for those that want to own their own business with additional established and constant support. DrPhoneFix offers franchise openings to motivated and dedicated individuals looking to take advantage of an increasing market demand, smartphone repairs, with quality products and services.

877-752-0956OwnaDrPhoneFix.com

Franchise Opportunities


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Although much has been written about the benefits of franchising versus small business, there are still many questions and issues. There are a lot of differences between running an independent business and purchasing a franchise. While often compared and contrasted to one another, these are two separate business ventures. They each come with advantages and disadvantages that should be considered before any initial investment. For example, owning your own, original businesses gives you full control of products, services and staff. Franchising, when matched up against a small business however, offers benefits like increased brand recognition, more available resources, and perhaps most importantly, a higher success rate, but there are other benefits of franchising.

Benefits of Franchising vs Small Business

Benefits of Franchising Business is Real The ownership model of a small business is completely up to you. You can sell whatever product you would like, performed services anywhere you want and hire employees at your own discretion. Marketing, Human Resources and Administrative processes are all created by you, the way you want. Owning a business gives you total, 100% control. You have no one to answer to except yourself, and of course the government. Since franchises have a headquarters and high-level management team, owners can’t simply change the products and services they offer or the colors of the logo and successful the model of the business. The franchising company predetermines all these aspects.

Benefits of Franchising: Brand RecognitionOn the other hand, franchising offers brand recognition right from the beginning. As an owner, you don’t have to start from scratch promoting your company and trying to get your name out to potential customers. Your company will already be recognizable and may even have brand loyal customers that you don’t have to attain on your own, but that just come to you. Major franchises like Subway or Chipotle offer extreme brand recognition that couldn’t easily be replicated by a smaller start up company. A franchise has already made a name of itself so you don’t have to, all you have to do is invest and manage this extended branch of the organization, the name and brand have already been solidified. You are never alone in franchising either. Investing in this type of business opportunity provides you with many resources as an owner and manager.


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A variety of franchises offer training and the initial products you will need to set up your location. They might have annual conferences or a network of franchise owners that you can go to for advice. Individual business owners don’t have an already built network ready to help them overcome business obstacles. Franchises don’t want to see their franchisees fail so they typically do all that they can to provide investors with the information, collateral and resources they might need to be profitable. In fact, when it comes to being profitable, franchises have a much higher success rate than individual small or start up business ventures.

It is a combination of the franchising benefits as well as the structure of agreements that makes investing in a franchise a safer and less risky business investment. If you open your own business and it fails, only you lose money. Many people are wondering “Am I A Good Franchise Candidate”? When you purchase a franchise and it fails, you, the management team and the owners all lose money – and no one wants that.

Own A DrPhoneFix Cell Phone Repair Franchise

The International Franchise Association (IFA) Reports:

U.S. SALES:

• More than $800 billion in annual sales

• 40.9% of all retail

• Total franchise sales over 1 Trillion

FRANCHISE GROWTH:

• 1 in 12 business establishments is a franchise

• A new franchise opens every 8 minutes of every business day

• There are approximately 1500 Franchisors and 550,000 Franchisees

EMPLOYMENT:

• More than 8 Million people are employed by franchise businesses

• The total number of people employed in franchising is approaching 8 Mil-lion, with 8 to 14 employed per business.

• Franchised businesses create more than 170,000 new jobs each year.

SUCCESS STUDIES:

• According to the U.S. Commerce Department fewer than 5% of Franchises were terminated on an annual basis

• In a study by Arthur Anderson & Company of 366 franchise companies, nearly 97% were still in business after 5 years.

• In contrast, a study by the U.S. Small Business Administration revealed that 62.2% of all new businesses failed within their first 6 years of business.

THE LAST RECESSION:

Franchising in the Economy, 1991-93, a study conducted by the University of Louisville, indicated “franchising not only participated in, but helped to lead America out of its economic downturn”. As people once again are downsized and re-engineered they will need to replace their employment through franchising.

THE TRENDS:

• Economic slowdown and skepticism about job security is driving franchising.

• The franchise industry today is breaking away from the “Mom & Pop” industry of the past and is being replaced by corporate executives. 50% of all franchises are multiple unit owners.

• 87% of franchisors indicated that lead quality is up this year an average of 50% over the previous year. Of the 47% using broker referral networks (up 3% over last year), 50% have chosen deals with them.

Franchise Facts...

Benefits of Franchising: A Prosperous Future.

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