Dr. Phone Fix Franchise FDD, Profits & Costs (2025)
Dr. Phone Fix is a mobile device repair franchise established in 2008 and headquartered in Fort Lauderdale, Florida. The company began franchising in 2014 to meet the demand for professional repair services due to the increasing reliance on smartphones.
Aside from offering repair services, Dr. Phone Fix also sells device accessories like cases and chargers, broadening franchisees’ revenue options. Training is a key part of the franchise package, focusing on technical skills and business management to ensure high standards and effective operations.
As a leader in the mobile repair market, Dr. Phone Fix has completed over 400,000 repairs and is rapidly expanding its presence across the United States. The franchise supports its network with aggressive marketing strategies and operational support, ensuring franchisee success in a growing industry.
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Initial Investment
How much does it cost to start a Dr. Phone Fix franchise? It costs on average between $173,000 – $400,000 to start a Dr. Phone Fix franchised facility.
This includes costs for construction, equipment, inventory, and initial operating expenses. The exact amount varies based on factors such as the type of repair shop you establish, the location, and whether the franchisee opts to lease or purchase the property.
| Description | Estimated Amount |
|---|---|
| Initial Franchise Fee | $15,000 |
| Training | $7,500 |
| Start-Up Package | $102,500 – $227,500 |
| Travel and Expenses While Training | $1,000 – $20,000 |
| Real Estate 3 Months Initial Rent | $9,600 – $19,500 |
| Utility Deposits, Application Fees, Permits | $1,000 – $4,000 |
| Additional Inventory Cost | $750 – $4,000 |
| Business License / Occupational License | $1,000 – $4,000 |
| Insurance | $750 – $1,500 |
| Legal and Accounting | $2,000 – $20,000 |
| Surveillance System and Alarm System | $500 – $1,500 |
| Opening Day Marketing Program | $2,000 – $3,000 |
| Marketing First Sixty Days Program | $4,000 – $6,000 |
| Miscellaneous Costs | $1,000 – $6,000 |
| Additional Funds – Six (6) Months | $25,000 – $60,000 |
| Total | $173,000 – $400,000 |
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Dr. Phone Fix Franchise Disclosure Document
Frequently Asked Questions
How many Dr. Phone Fix locations are there?
As of the latest available information, Dr. Phone Fix operates 35 locations in the United States. These locations are a mix of company-owned and franchise-owned stores.
What is the total investment required to open a Dr. Phone Fix franchise?
The total investment required to open a Dr. Phone Fix franchise ranges from $173,000 to $400,000.
What are the ongoing fees for a Dr. Phone Fix franchise?
Dr. Phone Fix franchises have a royalty fee of 6% of gross sales and a marketing fee of 2% of gross sales. These fees contribute to the brand’s national and local marketing efforts.
What are the financial requirements to become a Dr. Phone Fix franchisee?
To become a Dr. Phone Fix franchisee, the financial requirements include a minimum net worth of $300,000 and liquid capital of at least $100,000. The liquid capital requirement helps cover the initial investment, including equipment, inventory, and other startup costs.
Who owns Dr. Phone Fix?
Dr. Phone Fix franchise is owned by Dr. Phone Fix Inc., a company focused on providing phone repair services through its franchise model. The company operates with a vision of expanding its presence across North America by partnering with franchisees who manage individual locations.
Disclaimer
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