uBreakifix is an international repair shop franchise that fixes smartphones, tablets, computers, and game consoles. With over 350 locations in the United States and Canada, uBreakifix is a leader in same-day repairs with excellent customer service.
If you are thinking about a uBreakifix Franchise, this article has information on Franchise Fees, Profit Potential, Total Investment Costs, Training Requirements & Support, Restrictions to Ownership, Renewal Terms & Conditions, Potential Return On Investment (ROI), and more.
With expert staff and tailored business plans, uBreakifix could be your next business venture! Learn more below.
About uBreakifix
uBreakifix was started in 2009 by Justin Wetherill and David Reiff. They met in college and opened the first store in Orlando, Florida. uBreakifix has grown to be North America’s largest independent repair company for mobile devices.
In 2014, they got money from Best Buy Capital to grow more.
By 2018, uBreakifix had over 200 stores. In 2018, they bought iCracked, another repair business. Today, uBreakifix offers affordable, high-quality repairs for many electronic devices.
uBreakifix Franchise Model
Initial Investment
| Type of Expenditure | Amount of Expenditure |
|---|---|
| Initial Franchise Fee | 25,000 – 40,000 |
| Initial Training Fee | 0 – 12,500 |
| Initial Inventory of Parts and Accessories | 4,000 – 57,000 |
| Initial Equipment, Tools, Supplies, and POS Hardware | 9,650 – 22,000 |
| Furniture and Fixtures | 10,000 – 25,405 |
| Interior Signage | 1,000 – 4,000 |
| External Signane | 5,000 – 20,000 |
| Wages, Travel and Living Expenses During Training | 15,000 – 23,000 |
| Wages, Travel and Living Expenses During Site Review | 0 – 1,000 |
| Legal and Accounting | 1,500 – 11,000 |
| Business Licenses and Permits | 700 – 1500 |
| First 3 Months Marketing | 0 – 8,000 |
| Insurance | 3,000 – 7,000 |
| Store Rent – 3 Months | 0 – 20,000 |
| Mobile Unit Lease Payments – 3 Months | 0 – 3,150 |
| Store Security Deposits | 0 – 15,000 |
| Construction and Leasehold Improvements | 25,000 – 62,000 |
| Additional Funds – 3 Months | 18,500 – 37,000 |
| Total | 118,350 – 369,555 |
uBreakifix Franchise Revenue & Profit
Ubreakifix does not give specific details about the franchise owner revenue or salary. However, it’s estimated that the profit margin in this industry is 5%.
Based on this, the franchise owners might make around $577,000 a year. The return on investment might take around 10 years, which is longer than other franchise opportunities.
The actual profit margin may vary, affecting the time it takes to get a return on investment. So, while the exact franchise owner’s revenue or salary is not known, it’s estimated to be around $577,000 a year with a 5% profit margin.
UbreakIFix Failure Rate
| Outlet Type | Year | Outlets at the Start of the Year | Oulets at the End of the Year | Net Change |
|---|---|---|---|---|
| Franchised | 2019 | 420 | 478 | +158 |
| 2020 | 478 | 434 | -44 | |
| 2021 | 434 | 337 | -97 | |
| Company and Affiliate-Owned | 2019 | 18 | 23 | +5 |
| 2020 | 23 | 120 | +97 | |
| 2021 | 120 | 361 | +241 | |
| Total Outlets | 2019 | 438 | 501 | +63 |
| 2020 | 501 | 554 | +53 | |
| 2021 | 554 | 698 | +144 |
The Ubreakifix franchise saw some fluctuations in the number of units over the past few years. While there was a growth in outlets for both franchised and company-owned stores in 2019 and 2020, the number of franchised units saw a significant drop in 2021 with a net change of -97.
The overall growth in total outlets does not reflect this decline in franchised units, so while the total number of outlets has increased, the failure rate for franchised units specifically seems to be a concern, particularly in the year 2021.
uBreakifix Quality Service
uBreakifix is a leader in phone and computer repairs because of its dependability, affordability, and high-quality service.
They have the best training and offer a 90-day warranty and price guarantee. They are confident in their same-day service. Whether they’re fixing your iPhone, Samsung, PC, or Mac, they make it like new again.
uBreakifix Comparison
| Company | uBreakifix | Ace Hardware |
|---|---|---|
| Founded In | 1993 | 1924 |
| Initial Investment | $98,350-$303,000 | $292,000- $2,119,230 |
| Franchise-Fee | N/A | $5,000 |
| Total Outlets | 832 | 5858 |
| Annual Revenue | $98 Million | $8.6 Billion |
Frequently Asked Questions
Does uBreakifix Offer franchising?
Yes, uBreakiFix offers franchise opportunities and is one of the best options in the tech repair industry, with affordable repair options for consumers who break their favorite gadgets.
How much does a UBreakifix franchise cost?
The estimated total investment required to begin the operation of the uBreakifix franchise ranges from $98,350-$303,000, and also it requires a net worth of $200,000.
Who is the owner of uBreakIFIX?
uBreakIFIX is owned by the parent company, iCare Repair Group. iCare Repair Group is a global leader in device repair and refurbishment technology, with over 20 years of experience in the industry. The company operates an extensive network of uBreakiFIX stores across North America, Europe, and South America, providing quality repairs to customers around the globe.
Amit Gupta is an experienced expert in digital marketing and co-founder of DrFranchises. With more than 11 years of knowledge in franchise digital marketing, SEO, email marketing, and social media marketing, Amit has helped many brands achieve incredible success online. As a passionate entrepreneur and owner of 7 franchises, he continues to study franchise models, looking at costs, revenue, and profitability to guide brands toward profitable growth. When he’s not working on digital marketing, Amit enjoys spending time playing with his beloved dog.