TECHY
Techy, LLC franchises businesses specializing in the installation, maintenance, repair of cell phones, computers, tablets, smart home hardware, and other electronic devices, along with the sale of related accessories, supplies, and designated items under the Techy Repairs & Smart Home Installs Powered by DrPhoneFix brand. Franchise formats include inline stores, in-store Walmart locations, optional wrapped Techy vans, Techy Cafés, and area development agreements for multiple units. The business model relies on franchise fees, start-up packages via affiliates, and ongoing support, targeting consumers seeking convenient tech repairs, smart home installations, and accessories in competitive retail markets.
Disclaimer: This information was extracted using AI from public Franchise Disclosure Documents and should be independently verified. This is not financial or legal advice. Always review official FDD filings before making investment decisions.
Overview
Financial Requirements
7% royalty (6% if weekly gross >=$7,500) + 2% marketing & technology fund (min $785/mo) + $150/mo software & accessory support fees
Franchise Stats
Financial Performance
Item 19 Financial Performance
This franchise did not provide Item 19 financial performance data.
Be careful if you are interested in investing. The lack of financial performance representations may indicate limited data or varying results across franchises.
Extracted Item 19 Section
How TECHY Compares to Other General Retail Franchises
Key Insights
- One of the lowest investment costs in General Retail (ranked #1 of 14)
- Top 10 largest franchise system in General Retail
- One of the lowest SBA loan default rates in General Retail
| Franchise | Investment Range | Franchise Fee | Royalty | Locations |
|---|---|---|---|---|
TECHY Current | $119K - $400K | $15K | 7.0% | 62 |
| ACE HARDWARE | $604K - $2.0M | $5K | N/A | 4,885 |
| DO IT BEST CORP. | $565K - $1.3M | $9K | N/A | 3,407 |
| WINDOW WORLD, WORLD OF WINDOWS | $123K - $331K | $45K | N/A | 209 |
| FLEET FEET, FLEET FEET TRIATHLETE | $229K - $545K | $45K | 4.0% | 192 |
| PRETZELMAKER | $392K - $573K | $25K | 7.0% | 129 |
General Retail Average 14 franchises | $502K - $1.0M | $108K | 5.7% | - |
* Comparison based on latest FDD filings. Investment ranges from Item 7, fees from Item 5. Showing top 5 of 14 General Retail franchises by location count.
Locations & Growth
Outlet Growth Over Time
Total outlets at end of each year
Geographic Distribution (2023)
Outlets by state across the United States
SBA Loan History
Historical SBA 7(a) loan data for TECHY franchisees (2021 - 2023)
Loans by Year
* Data sourced from SBA 7(a) FOIA loan records. Default rate calculated from charged-off loans.
Franchisee Contacts
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Due Diligence
Litigation (Item 3)
Primarily breach of franchise agreement and sublease disputes, fraudulent inducement and misrepresentation claims by franchisees, breach of contract actions by franchisor, and trademark infringement by former franchisees.
Bankruptcy (Item 4)
No bankruptcy history reported in the FDD.
System Health (Item 20)
Franchise system changes reported in the most recent fiscal year
Frequently Asked Questions
How much does it cost to open a TECHY franchise?
The total initial investment to open a TECHY franchise ranges from $118,600 to $399,500. This includes a franchise fee of $15,000. Ongoing royalty fees are 7.0% of gross sales.
How many TECHY franchise locations are there?
As of the 2024 FDD, TECHY has 62 franchise locations. The company has been franchising since 2014.
Can you get an SBA loan for a TECHY franchise?
Yes, SBA loans are available for TECHY franchises. Historical data shows 3 SBA 7(a) loans have been approved for TECHY franchisees, with an average loan amount of $165,033. The historical default rate is 0.0%.
Is TECHY a good franchise to buy?
TECHY shows several positive indicators: low SBA loan default rate. However, franchise success depends on many factors including location, local market conditions, and owner involvement. We recommend speaking with existing franchisees and consulting with a franchise attorney before making a decision.
Interested in TECHY?
Talk to a franchise advisor to get personalized guidance and learn if TECHY is the right fit for you.
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