Mr. Appliance
Trusted appliance repair franchise serving residential and commercial customers coast to coast.
$50k minimum cash required
Experimax is not currently accepting inquiries.
| Financial requirements for this franchise: | |
| Minimum Cash Required | $80,000 |
| Total Investment | $170,00 - $175,000 |
| Available Investment | Up to $100,000 |
| Cash Required | $80,000 |
| Options available to franchisees: | |
| SBA Approved | Not Available |
| Facts about this franchise: | |
| Business Type | Franchise |
| Target Market | See List |
To open a Experimax franchise, prospective owners need a minimum of $80,000 in cash available (liquid capital) upfront. This amount is part of the estimated total initial investment required to start the franchise, which ranges from approximately $170,00 to $175,000.
Experimax, which was formed in 2009 and began franchising in 2014, grew from a small company in a garage in Florida to a large franchise with more than 100 locations. It specializes in the repair and selling of pre-owned Apple products, making expensive products more accessible and cheaper to maintain.
“The demand for affordable electronics is growing, and Experimax allows customers on a budget to get their hands on high-end products,” explains Jim Muir, Founder and President of Experimax. “We are growing in order to meet that demand, and Entrepreneur’s ranking validates the success we have already achieved.”
Experimax offers a thriving franchise model that capitalizes on multiple revenue streams, a high closing ratio, a vast customer base and a specialization in a brand with high customer loyalty.
Experimax is actually two complementary businesses, rolled into one.
On the sales side, you will be able to put ownership of highly coveted Apple® product in every customer’s budget. You will take trade-ins and work with each customer to find the best solution for them, without limitations.
You will also offer repairs, upgrades and other services, making your store a one-stop location for all pre-owned Apple® product needs.
You will make money by:
Your customers will benefit from lower repair costs in your store. No appointment needed for service/consultation. Most repairs will be done while the customer waits in your comfortable lounge. In addition to the sales of pre-owned products, you’ll also be trained to provide computer, iPhone® and iPad® repairs.
Your customers will benefit from lower repair costs in your store. No appointment needed for service/consultation. Most repairs will be done while the customer waits in your comfortable lounge.
Service, repair and upgrade options include:
Experimax is part of United Franchise Group, the global leader for entrepreneurs, with more than 30 years of franchise experience. Being a part of our proven franchise model offers extensive benefits that ensure you will never go it alone. We are here to help you establish your retail store, assist you with choosing the right location, building out the retail space, negotiating your lease and coordinating the build-out of your space. That’s not all. Our experienced financing experts will also walk you through a variety of options to fund your new venture, including financing and equipment leasing so your store is set-up with everything you need.
World Class Training
We also ensure that you are knowledgeable and ready to serve your community, as an expert in the industry. You’ll take part in one of the most extensive training programs in the franchise industry, which includes 2 weeks of training at our global headquarters in West Palm Beach, Florida. After that, you’ll get personal one-on-one training right in your store to ensure you have the technical, business and marketing expertise you need. Ongoing training opportunities are also provided through regional meetings, our World Expo events and our proprietary online education portal.
* This information may have changed since first published. We recommend that you always verify fees, investment amounts, and offers with the business opportunity directly prior to making a decision to invest.
TIP — Most successful franchise owners speak with 3 to 5 franchises before deciding. Consider adding a few more.
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