- Franchise 500 Rank
-
N/R Not ranked last year
- Initial investment
-
$173K - $400K
- Units as of 2023
-
78 129.4% over 3 years
Company Overview
About Techy
Industry | Tech Businesses |
---|---|
Related Categories | Electronics Repairs/Sales |
Founded | 2012 |
Parent Company | Techy |
Leadership | Nicole Cooper, Director of Franchise Sales |
Corporate Address |
3000 S.W. 4th Ave. Ft. Lauderdale, FL 33315 |
Social | Facebook, LinkedIn, Instagram, YouTube |
Business Overview
Franchising Since | 2014 (10 years) |
---|---|
# of employees at HQ | 40 |
Where seeking |
This company is offering new franchises throughout the US. This company is offering new franchises worldwide. |
# of Units | 78 (as of 2023) |
|
Information for Franchisees
Here's what you need to know if you're interested in opening a Techy franchise.
Financial Requirements & Ongoing Fees
Here's what you can expect to spend to start the business and what ongoing fees the franchisor charges throughout the life of the business.
Initial Franchise Fee
|
$15,000 |
---|---|
Initial Investment
|
$172,500 - $399,500 |
Cash Requirement
|
$50,000 - $1,000,000 |
Royalty Fee
|
7% |
Ad Royalty Fee
|
$785+/mo. |
Term of Agreement
|
10 years |
Is franchise term renewable? | Yes |
Financing Options
Some franchisors offer in-house financing, while others have relationships with third-party financing sources to which they refer qualified franchisees.
In-House Financing | Techy offers in-house financing to cover the following: startup costs, equipment, inventory, accounts receivable |
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Training & Support Offered
Franchisors offer initial training programs and a variety of ongoing support options to help franchisees run their businesses.
On-The-Job Training | 40 hours |
---|---|
Classroom Training | 80 hours |
Ongoing Support |
Newsletter
Meetings & Conventions
Toll-Free Line
Grand Opening
Online Support
Security & Safety Procedures
Lease Negotiation
Field Operations
Site Selection
|
Marketing Support |
Social Media
SEO
Website Development
Email Marketing
Loyalty Program/App
|
Operations
Additional details about running this franchise.
Is absentee ownership allowed? | Yes |
---|---|
Can this franchise be run from home/mobile unit?
|
No |
Can this franchise be run part time?
|
No |
Are exclusive territories available?
|
Yes |
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