Quick Summary – UBREAKIFIX
Startup Costs: $55,400 – $236,250
Revenue Range: $134,480 – $1,323,772
What is this franchise about?
uBreakiFix is the place to go with your broken computers, smart phones, tablets, gaming consoles, and other electronic equipment — and have it fixed for an affordable price.
What does it sell – and how is money made?
- In the growing market for electronic device recommerce, the franchise offers repair services to the general public and a variety of electronic devices.
- The location of uBreakiFix franchises is key to their success and they are usually found in suburban areas in business districts. They are open year-round and have an increase in sales in the summer months due to cell phone breakage.
What type of entrepreneur is it perfect for?
uBreakiFix is the ideal franchise for those with a passion for technology and are looking to invest in changing a customer’s experience, one broken screen at a time.
Locations: AL, AK, AZ, AR, CA, CO, CT, DE, DC, FL, GA, HI, ID, IL, IN, IA, KS, KY, LA, ME, MD, MA, MI, MN, MS, MO, MT, NE, NV, NH, NJ, NM, NY, NC, ND, OH, OK, OR, PA, RI, SC, SD, TN, TX, UT, VT, VA, WA, WV, WI, WY
It Began With A Crack
In 2009, uBreakiFix’s founder, Justin Wetherill dropped his brand new, right out of the package iPhone 3G on the concrete. The screen was shattered but as an avid tech geek, Justin figured he could repair his phone by himself. He ordered the parts he needed online, but realized that he bit off more than he could chew.
Justin partnered up with his college buddy, David Reiff and they realized that there was a need for high quality smartphone repairs. If two tech-savvy dudes had a hard time bringing their phones back to life, how can someone who barely knows how to power-on their device do it? So Justin and David got their hands on a few broken iPhones and tinkered away like mad scientists. They became pretty good at it and they figured they could run a store on eBay offering iPhone glass repairs at a flat-rate of $79.99. Demand began to increase and the mail order business was booming.
Franchising with uBreakiFix
uBreakiFix actively seeks highly-qualified individuals to become franchisees. Prior business experience is preferred, but not a necessity. We do however, seek individuals that meet our financial qualifications. No, you do not have to be a billionaire (or even a millionaire) to start your own uBreakiFix.
You would never guess that the successful UBreakiFix franchise was founded out of a 21-year-old’s bedroom, according to Forbes. With locations across the country, to say the franchise came from humble beginnings is an understatement.
Justin Wetherill, cofounder of uBreakiFix was trained as an accountant but learned how to fix phones after accidentally smashing his iPhone screen. He was intrigued by the ease with which he fixed the issue and decided to run a mail-in repair shop with a friend. Orders began coming in and customers started demanding same-day service. With that, Wetherill opened the first location.
After only three years, the once-bedroom business had 47 stores. Seeing the potential in his business, Wetherill began franchising, offering franchisees and managers extremely reasonable fees. Currently, the franchise spans across 25 states. Across the entire system, uBreakiFix brought in $98 million in revenue in 2016.
“How a 21-year-old took uBreakiFix from his bedroom to 262 stores and a deal with Google.” From Forbes.
Prior business experience is preferred for UBreakiFix franchisees, however not necessary. However, prospective franchisees must meet all financial requirements in pursuing a franchise location.