Fix phone in the Franchise Agreement

How to fix phone in Franchise Agreement and save time

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How to Fix phone in the Franchise Agreement

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Patrick findaro here co-founder at vetted Biz excited to have on Shane Miracle who's the owner of five cell phone repair franchises across Austin as well as one in Houston as well as he's the founder of the cell phone repair independent Owners Association we met earlier this month um in Arizona I had a press pass for the event uh held by the American Association of franchisees and dealers and Shane and I had a lot of time to talk about his experience and franchising his background before and we thought it'd be good to have him on as a guest and talk about the good side of franchising but also the bad side of franchising where the franchisor might be overstepping their boundaries and not have the same alignment as franchisees so we'll leave it at that but let's hear directly from Shane maybe you could tell me a little bit about your background for the audience and and how you got into a cell phone repair franchise sure yeah so uh it's an interesting conversation I'll summarize it becau...

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How profitable is cell phone repair business?

An typical cell phone repair business might earn between $50 and $65,000 per year, with more earning possibilities as you grow. When you first start a cell phone repair business, you may see a profit margin of 80 to 100%!

How do I advertise my phone repair business?

Using social media sites such as Facebook, Twitter, YouTube, and numerous blogging platforms to promote your cell phone repair business is a smart idea. Many websites allow you to advertise your business, and videos and articles can help you attract a huge number of clients.

Is fixing phones a good side hustle?

Being a cell phone repair technician is one of the highest-earning side hustles nowadays. For starters, its a field that doesnt take a lot of money and time to get into.

Is it cheaper to repair or replace a phone?

Purchasing a new phone can cost upwards of $1,000 for high-end brands. Repairing your current phone, on the other hand, can cost anywhere from less than $100 to a few hundred dollars, depending on the repair and phone model. The two most common issues plaguing older phones are shattered screens and dying batteries.

What happens if you buy a franchise and it fails?

Often the best answer to a franchise that is not succeeding is for the franchisee to sell the business to a third party who becomes the new franchisee for that territory. This allows the failing franchisee to terminate its obligations under the franchise agreement and under any lease.

How to market a cell phone repair business?

Using social media sites such as Facebook, Twitter, YouTube, and numerous blogging platforms to promote your cell phone repair business is a smart idea. Many websites allow you to advertise your business, and videos and articles can help you attract a huge number of clients.

What happens to the franchisee when the franchisor fails?

In this scenario, the assets of the franchisors business are sold off. The assets a franchisor has are the brand and the franchise agreements, although on a liquidation, franchisees will be able to argue their franchise agreement has come to an end and that theyre released from any obligations.

Is it hard to start a phone repair business?

Starting a cell phone repair business really isnt that complicated. You just need the right tools, some basic repair skills, and a killer marketing strategy.

Is it hard to start a phone repair business?

Starting a cell phone repair business really isnt that complicated. You just need the right tools, some basic repair skills, and a killer marketing strategy.

How to start a business of phone repair?

Check out other small business ideas. STEP 1: Plan your business. STEP 2: Form a legal entity. STEP 3: Register for taxes. STEP 4: Open a business bank account credit card. STEP 5: Set up business accounting. STEP 6: Obtain necessary permits and licenses. STEP 7: Get business insurance. STEP 8: Define your brand.

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