A couple of years back, only a select few felt that information technology would blossom into what it is today. In fact, most companies believed that information technology was not very significant for their company, and so they didn’t invest enough time and money on it.
Well, today, that is no longer the case. Any company today ought to think about information technology and work out a way to use it to their advantage. From there, you can see how vital information technology has become, not only for businesses but also for us individuals.
In this article, you will get acquainted with some of the best technology franchise opportunities to invest in.
CEO: Justin Wetherhill
uBreakiFix, which was founded in 2009, is a professional electronics repair franchise. It grabbed the 18th spot on the Franchise 500 list, which is published by Entrepreneur magazine based on a submission and review method.
uBreakiFix is offering mail-in and walk-in repair services. At the beginning of 2017, the franchise has rapidly expanded, reaching over 300 locations because of the explosion of smartphones.
uBreakiFix started franchising in 2013, with an initial investment ranging from $60,400 to $220,850 and an initial franchising fee of $40,000. They will provide training, which will last for about 3 weeks on the site and 120 hours in the classroom. Their marketing support includes but is not limited to Ad Templates, social media, SEO, website development, email marketing, and a loyalty program.
CPR: Cell Phone Repair
CEO: Josh Sevick
CPR, or Cell Phone Repair, is the oldest electronics repair franchise in the country; it was founded in 2004. It was ranked 26th among the other franchise on the Franchise 500 list.
Like uBreakiFix, Cell Phone Repair provides fast and affordable electronics repair for tablets, laptops, mobile phones, and even gaming consoles. Aside from this service, Cell Phone Repair also sells game systems, smartphones, and many more. At the beginning of 2017, the franchise significantly expanded, having 365 franchises all over the world.
Cell Phone Repair started franchising in 2007, three years after it was founded, with an initial investment ranging from $58,150 to $176,000 and an initial franchising fee of $45,000. They will provide training, which will last approximately 400 hours on the site and 24 hours in the classroom. Their marketing support includes but is not limited to Co-op advertising, ad templates, regional advertising, social media, SEO, website development, and email marketing.
CEO: Jeff Connally
CMIT, formerly known as Computer Moms, was founded in 1994. It initially focused on in-home computer services and training. By 2014, they shifted their concentration and served small to medium-sized enterprises (SMEs) and also changed their name to CMIT Solutions (or Completely Managed IT Solutions).
Apparently, their business strategy worked because, at the beginning of 2017, CMIT already had 175 franchise and is currently ranked 186th on the Franchise 500 list.
CMIT started franchising in 1998, which is four years after it was founded, with an initial investment ranging from $127,200 to $173,200 and an initial franchising fee of $45,000. They will provide training, which will last approximately 400 hours on the site training and 24 hours for in-classroom training. Their marketing support includes, but are not limited to, Co-op advertising, ad templates, regional advertising, social media, SEO, website development, and email marketing.
People might shy away from investing in a tech franchise, probably because they think they’d have to be all tech-savvy in order to do so, but I think it’s a great opportunity to learn, to expand a business, and to shatter that age-old false myth.