Start-Up Costs and Fees |
||
| Device Pitstop | iDropped | |
| Investment | 100700 - 218250 | 60100 - 119089 |
| Franchise Fee | ||
| Royalty Fee | 5% | 6% |
| Advertising Fee | $2K/yr | 2% |
| Year Founded | 2013 | 2012 |
| Year Franchised | 2013 | 2014 |
| Term Of Agreement | ||
| Term Of Agreement | ||
| Renewal Fee | ||
Business Experience Requirements |
||
| Device Pitstop | iDropped | |
| Experience | ||
Financing Options |
||
| Device Pitstop | iDropped | |
| Franchise Fees | ||
| Start-up Costs | ||
| Equipment | ||
| Inventory | ||
| Receivables | ||
| Payroll | ||
Training & Support |
||
| Device Pitstop | iDropped | |
| Training | Product knowledge workshops and using the technology systems and tools in our stores. The entire infrastructure of the store is preconfigured and setup for you, but it's imperative you learn the basics behind the systems. We understand that you are not a technician, but as a business owner, you need to be able to know the product, speak the language, and understand the processes that your technicians will go through. This part of the training is actually the section our franchisees really enjoy. On-The-Job Training: 20 hours Classroom Training: 63 hours | On-The-Job Training: 40 hours Classroom Training: 40 hours |
| Support | Ongoing support services include: Grand Opening assistance. Ongoing communication between corporate and franchisees. Planned yearly convention. Continuous networking between franchisees. Personal review of monthly sales figures to ensure proper growth. Continuous research and development. Newsletter Toll-Free Line Online Support Security/Safety Procedures Field Operations Site Selection Proprietary Software Franchisee Intranet Platform | Newsletter Meetings/Conventions Toll-Free Line Grand Opening Online Support Field Operations Site Selection |
| Marketing | When you begin your training, you will further explore your store location, merchandising, signage, advertising, and budgeting needs. You will also work with a media buyer on your opening campaign, as well as working with Device Pitstop on a grassroots, local marketing campaign. Co-op Advertising Ad Templates National Media Regional Advertising Social media SEO Website development Email marketing Loyalty program/app | Co-op Advertising Ad Templates National Media Regional Advertising Social media SEO Website development Email marketing Loyalty program/app |
| Operations | Number of Employees Required to Run: 1 - 3 | |
Expansion Plans |
||
| Device Pitstop | iDropped | |
| US Expansion | Nationwide, Alabama, Alaska, Arizona, Arkansas, California, Colorado, Connecticut, Delaware, District of Columbia, Florida, Georgia, Guam, Hawaii, Idaho, Illinois, Indiana, Iowa, Kansas, Kentucky, Louisiana, Maine, Maryland, Massachusetts, Michigan, Minnesota, Mississippi, Missouri, Montana, Nebraska, Nevada, New Hampshire, New Jersey, New Mexico, New York, North Carolina, North Dakota, Ohio, Oklahoma, Oregon, Pennsylvania, Puerto Rico, Rhode Island, South Carolina, South Dakota, Tennessee, Texas, Utah, Vermont, Virginia, Washington, West Virginia, Wisconsin, Wyoming | Nationwide, Alabama, Alaska, Arizona, Arkansas, California, Colorado, Connecticut, Delaware, District of Columbia, Florida, Georgia, Guam, Hawaii, Idaho, Illinois, Indiana, Iowa, Kansas, Kentucky, Louisiana, Maine, Maryland, Massachusetts, Michigan, Minnesota, Mississippi, Missouri, Montana, Nebraska, Nevada, New Hampshire, New Jersey, New Mexico, New York, North Carolina, North Dakota, Ohio, Oklahoma, Oregon, Pennsylvania, Puerto Rico, Rhode Island, South Carolina, South Dakota, Tennessee, Texas, Utah, Vermont, Virginia, Washington, West Virginia, Wisconsin, Wyoming |
| Canada Expansion | ||
| International Expansion |
Start-Up Costs and Fees Mobile |
|
| Investment | |
| Device Pitstop | |
| iDropped | |
| Franchise Fee | |
| Device Pitstop | |
| iDropped | |
| Royalty Fee | |
| Device Pitstop | 5% |
| iDropped | 6% |
| Advertising Fee | |
| Device Pitstop | $2K/yr |
| iDropped | 2% |
| Year Founded | |
| Device Pitstop | 2013 |
| iDropped | 2012 |
| Year Franchised | |
| Device Pitstop | 2013 |
| iDropped | 2014 |
| Term Of Agreement | |
| Device Pitstop | |
| iDropped | |
| Renewal Fee | |
| Device Pitstop | |
| iDropped | |
Business Experience Requirements |
|
| Experience | |
| Device Pitstop | |
| iDropped | |
Financing Options |
|
| Franchise Fees | |
| Device Pitstop | |
| iDropped | |
| Start-up Costs | |
| Device Pitstop | |
| iDropped | |
| Equipment | |
| Device Pitstop} | |
| iDropped | |
| Inventory | |
| Device Pitstop | |
| iDropped | |
| Receivables | |
| Device Pitstop | |
| iDropped | |
| Payroll | |
| Device Pitstop | |
| iDropped | |
Training & Support |
|
| Training | |
| Device Pitstop | Product knowledge workshops and using the technology systems and tools in our stores. The entire infrastructure of the store is preconfigured and setup for you, but it's imperative you learn the basics behind the systems. We understand that you are not a technician, but as a business owner, you need to be able to know the product, speak the language, and understand the processes that your technicians will go through. This part of the training is actually the section our franchisees really enjoy. On-The-Job Training: 20 hours Classroom Training: 63 hours |
| iDropped | On-The-Job Training: 40 hours Classroom Training: 40 hours |
| Support | |
| Device Pitstop | Ongoing support services include: Grand Opening assistance. Ongoing communication between corporate and franchisees. Planned yearly convention. Continuous networking between franchisees. Personal review of monthly sales figures to ensure proper growth. Continuous research and development. Newsletter Toll-Free Line Online Support Security/Safety Procedures Field Operations Site Selection Proprietary Software Franchisee Intranet Platform |
| iDropped | Newsletter Meetings/Conventions Toll-Free Line Grand Opening Online Support Field Operations Site Selection |
| Marketing | |
| Device Pitstop | When you begin your training, you will further explore your store location, merchandising, signage, advertising, and budgeting needs. You will also work with a media buyer on your opening campaign, as well as working with Device Pitstop on a grassroots, local marketing campaign. Co-op Advertising Ad Templates National Media Regional Advertising Social media SEO Website development Email marketing Loyalty program/app |
| iDropped | Co-op Advertising Ad Templates National Media Regional Advertising Social media SEO Website development Email marketing Loyalty program/app |
| Operations | |
| Device Pitstop | |
| iDropped | Number of Employees Required to Run: 1 - 3 |
Expansion Plans |
|
| US Expansion | |
| Device Pitstop | Nationwide, Alabama, Alaska, Arizona, Arkansas, California, Colorado, Connecticut, Delaware, District of Columbia, Florida, Georgia, Guam, Hawaii, Idaho, Illinois, Indiana, Iowa, Kansas, Kentucky, Louisiana, Maine, Maryland, Massachusetts, Michigan, Minnesota, Mississippi, Missouri, Montana, Nebraska, Nevada, New Hampshire, New Jersey, New Mexico, New York, North Carolina, North Dakota, Ohio, Oklahoma, Oregon, Pennsylvania, Puerto Rico, Rhode Island, South Carolina, South Dakota, Tennessee, Texas, Utah, Vermont, Virginia, Washington, West Virginia, Wisconsin, Wyoming |
| iDropped | Nationwide, Alabama, Alaska, Arizona, Arkansas, California, Colorado, Connecticut, Delaware, District of Columbia, Florida, Georgia, Guam, Hawaii, Idaho, Illinois, Indiana, Iowa, Kansas, Kentucky, Louisiana, Maine, Maryland, Massachusetts, Michigan, Minnesota, Mississippi, Missouri, Montana, Nebraska, Nevada, New Hampshire, New Jersey, New Mexico, New York, North Carolina, North Dakota, Ohio, Oklahoma, Oregon, Pennsylvania, Puerto Rico, Rhode Island, South Carolina, South Dakota, Tennessee, Texas, Utah, Vermont, Virginia, Washington, West Virginia, Wisconsin, Wyoming |
| Canada Expansion | |
| Device Pitstop | |
| iDropped | |
| International Expansion | |
| Device Pitstop | |
| iDropped | |