uBreakifix Franchise Cost, Profit & Failure Rate 2024

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.

uBreakifix Franchise

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 ExpenditureAmount of Expenditure
Initial Franchise Fee25,000 – 40,000
Initial Training Fee0 – 12,500
Initial Inventory of Parts and Accessories4,000 – 57,000
Initial Equipment, Tools, Supplies, and POS Hardware9,650 – 22,000
Furniture and Fixtures10,000 – 25,405
Interior Signage1,000 – 4,000
External Signane5,000 – 20,000
Wages, Travel and Living Expenses During Training15,000 – 23,000
Wages, Travel and Living Expenses During Site Review0 – 1,000
Legal and Accounting1,500 – 11,000
Business Licenses and Permits700 – 1500
First 3 Months Marketing0 – 8,000
Insurance3,000 – 7,000
Store Rent – 3 Months0 – 20,000
Mobile Unit Lease Payments – 3 Months0 – 3,150
Store Security Deposits0 – 15,000
Construction and Leasehold Improvements25,000 – 62,000
Additional Funds – 3 Months18,500 – 37,000
Total118,350 – 369,555

uBreakifix Franchise Revenue & Profit

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%.

Also, as per sources Ubreakifix franchise owners make around $577,000 a year in revenue on average. So with a 5% profit margin we can calculate that a Ubreakifix franchise owner make yearly net profit of $28,850 on average.

Financial OverviewPercentage of RevenueAmount ($)
Individual Franchise Annual Revenue100%577000.00
Franchise Royalty Fees5.94%(34259.38)
Cost of Goods Sold (COGS)29.69%(171296.88)
Labor (Variable)15.44%(89074.38)
Total (Expenses)95.00%(548150.00)
Net Profit5.00%28850.00

Note: The displayed expenses are estimates based on industry averages and standard costs. Actual expenses may vary due to factors like location, business size, and market conditions. We recommend conducting detailed research or consulting with a financial advisor for a tailored financial analysis.

Payback Period Of UbreakIFix Franchise

With an investment of $35,000 and an estimated 5% profit margin, the yearly profit would be $28,850.

So, to find out how long it will take to earn back the initial investment:

Payback Period = Investment / Yearly Profit = $35,000 / $28,850= 1.21 years

Based on these figures, it will take approximately 2 years to pay back the initial investment for UbreakIFix. This time period could be longer or shorter depending on your sales, revenue, and profit figures.

UbreakIFix Failure Rate

Franchised Outlets:

YearOutlets at the Start of the YearOutlets at the End of the YearNet Change

For the Franchised outlets:

  • In 2019, the growth rate was (158)/420×100≈37.6%
  • In 2020, the failure rate was (44)/478×100≈9.21%
  • In 2021, the failure rate was (97)/434×100≈22.35%

Company-Owned Outlets:

YearOutlets at the Start of the YearOutlets at the End of the YearNet Change

For the Company-Owned outlets:

  • In 2019, the growth rate was (5)/18×100≈27.7%
  • In 2020, the growth rate was (97)/23×100≈421.7%
  • In 2021, the growth rate was (241)/120×100≈200.8%

Total Outlets:

YearOutlets at the Start of the YearOutlets at the End of the YearNet Change

For Total outlets:

  • In 2019, the growth rate was (63)/438×100≈14.3%
  • In 2020, the growth rate was (53)/501×100≈10.57%
  • In 2021, the growth rate was (144)/554×100≈25.9%

According to the above-mentioned data, we can see that the franchised outlets for Ubreakifix grew only in 2019, showing a growth rate of 37.6%. Later in 2020 to 2021, the company experinced decline in the number of outlets, showing a failure rate between 9.21% and 22.35%.

On the other hand, for company-owned outlets, the growth rate of Ubreakifix was quite high, lying in the range between 27.7% and 200.8% for the same period of time.

Overall, when we combine the data of franchise and company-owned outlets, we can see that the Ubreakifix company-owned outlets has expanded in the years 2019-2021 showing a total growth rate between14.3% and 25.9%.

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

CompanyuBreakifix Ace Hardware
Founded In1993  1924
Initial Investment$98,350-$303,000$292,000- $2,119,230
Total Outlets8325858 
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.

Who founded uBreakIFIX?

uBreakIFIX is co-founded by Justin Wetherill and Eddie Trujillo in 2009.

How many location does uBreakIFIX has?

uBreakIFIX is an American chain of electronic repair shops that is operating in over 832 locations across the United States, Canada, and the Caribbean.

Where is the headquarters of uBreakIFIX?

The headquarters of uBreakIFIX is located in Orlando, FL 32801, United States of America.

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