About Techy Franchise
Techy Repairs & Smart Home Installs, powered by DrPhoneFix, is a technology services franchise offering installation, maintenance, and repair of cell phones, computers, tablets, smart home hardware, and other electronic devices.
Franchising since 2016, the brand also sells electronic devices, accessories, and related supplies, targeting individuals and businesses who need professional tech support and products.
The initial franchise fee is $15,000, providing an accessible entry point in the technology services franchise category.
Techy Franchise Cost & Fees
Minimum Investment
$143K
Average Investment
$210K
Maximum Investment
$277K
| Fee Type | Amount | Notes |
|---|---|---|
| Initial Franchise Fee | $15,000 | One-time payment upon signing |
| Royalty Fee | 7% of Gross Revenues (6% if gross reaches $7,500/week) of gross sales | Ongoing; paid monthly |
| Marketing/Ad Fund | 2% of Gross Revenues or $785/month (whichever is greater) | National brand fund |
| Total Investment Range | $142,875 – $276,750 | Includes build-out, inventory, working capital |
The investment range of $143K–$277K reflects variability in build-out costs, store size, lease terms, and market. The combined royalty (7% of Gross Revenues (6% if gross reaches $7,500/week)) and marketing fee (2% of Gross Revenues or $785/month (whichever is greater)) are ongoing costs paid as a percentage of gross sales.
Investment Breakdown (Item 7)
| Item | Low | High |
|---|---|---|
| Initial Franchise Fee | $15,000 | $15,000 |
| Training | $7,500 | $7,500 |
| Start -Up Package | $102,500 | $172,500 |
| Travel and Expenses While Training | $1,500 | $2,000 |
| Real Estate 3 Months Initial Rent | $1,875 | $50,000 |
| Utility Deposits, Permits | $500 | $1,500 |
| Additional Inventory Cost | $500 | $1,500 |
| Business License | $750 | $2,000 |
| Insurance | $750 | $2,000 |
| Legal and Accounting | $1,000 | $2,000 |
| Surveillance System and Alarm System | $1,000 | $1,250 |
| Opening Day Marketing Program | $1,000 | $3,000 |
| Marketing First Sixty Days Program | $4,000 | $6,000 |
| Miscellaneous Costs | $3,000 | $4,500 |
| Additional Funds – 3 Months | $2,000 | $6,000 |
Additional Fees (Item 6)
| Fee Type | Amount |
|---|---|
| Transfer Fee | $10,000 |
| Renewal Fee | 20% of the then-current Initial Franchise Fee for new franchisees |
| Technology Fee | Included in Ad Fee |
| Audit Fee | Cost of Audit and 1.5% interest per month on understated amount ($500 to $1,500) |
| Local Marketing Expenses | 1.5% of Gross Revenues or $500/month (whichever is greater) |
| Cellphone Accessory Support Fee | $100 Monthly (waived if $300+/month purchased) |
| Non Compliance Fee | $250 per day |
| Manual Replacement Fee | $250 |
| Additional Training Requested by You at Your Store | $400 per day, plus travel and expenses |
| Review and Approval of Supplier | $1,000 |
| Unauthorized Failure to Be Open | $250 per unauthorized day |
| Management Fee (only on default by you) | $300 per day plus expenses |
| Area Development Extension | $5,000 to $20,000 |
Training Program (Item 11)
| Detail | Information |
|---|---|
| Total Duration | 120 hours |
| Classroom Training | 80 hours |
| On-the-Job Training | 40 hours |
| Training Location | Fort Lauderdale, FL (Headquarters and Affiliate Store Location) |
| Additional Training | The franchisor may charge a reasonable fee ($400 per day plus travel and expenses) for training additional and/or subsequent managers or for repeating training if a trainee fails to complete it successfully. An additional day of training is provided for Techy Café operators. |
Territory Rights (Item 12)
| Detail | Information |
|---|---|
| Territory Type | Protected Territory |
| Exclusive Territory | Yes |
| Territory Size | 1 mile radius or 50,000 daytime population (whichever is lesser), or negotiated larger/denser area |
| Description | For a Standard Franchise (which may include Techy Café and Wrapped Techy Van), a Protected Territory is granted. This is typically an area with a 1-mile radius from the approved site or a daytime population of at least 50,000 people, whichever is smaller. In more rural or densely populated metropolitan areas, the territory size may be negotiated. The franchisor will not sell another franchise or open a company-owned store within the franchisee's Protected Area during the term of the Franchise Agreement. For In-Store franchises, the location is specific to a Walmart store, and the franchisor retains the right to open or franchise Techy Stores in other Walmart locations within the Development Area. |
Renewal, Termination & Transfer (Item 17)
| Detail | Information |
|---|---|
| Initial Term | 10 years |
| Renewal Term | 10 years |
| Renewal Fee | 20% of the then-current Initial Franchise Fee for new franchisees |
| Renewal Conditions | To renew, the franchisee must be in good standing, provide written notice in the first 90 days of the 9th year, possess or renew their lease, agree to any requested modifications, be in compliance with all agreements, sign a release of all claims, attend required refresher training at their expense, and pay the renewal fee. The new agreement may have materially different terms. |
| Transfer Fee | $10,000 (plus $7,500 training fee) |
| Transfer Conditions | All agreements must be in compliance, the business must have been continuously operated for at least five full years (unless urgent circumstances), the transferee and owners must meet current franchisee requirements, all payment and reporting obligations must be met (promissory notes accelerated), third-party obligations satisfied or assumed, operations brought into full compliance with current standards, transferee pays a $7,500 training fee and successfully completes training, transferee executes the then-current Franchise Agreement, and the transfer complies with all applicable laws and leases. A non-refundable $10,000 transfer fee is also required. |
| Termination for Cause | Termination can occur without right to cure for material misrepresentation, bankruptcy/insolvency, felony conviction, misconduct affecting reputation, unauthorized transfer, unauthorized use of Marks/Confidential Information, violation of non-compete, fraud/misrepresentation of Gross Revenues, 5+ material customer complaints in 12 months, or failure to cooperate with audits. Curable defaults (with 10 or 30 days to cure) include failure to maintain insurance, correct dangerous conditions, accurately report Gross Revenues, make payments, or comply with dispute resolution. Repeated defaults (2+ in 12 months or 3+ in 24 months) also lead to termination. |
| Non-Compete Period | 2 years |
| Non-Compete Details | For two years after termination, transfer, or expiration, the franchisee and its affiliates/owners cannot solicit Techy customers from the prior 12 months or operate a 'Similar Business' within the Protected Territory or within 10 miles of it. This restriction applies to all persons and entities named in Section 8.2 (A) of the Franchise Agreement. |
Operations & Supply (Items 8 & 15)
| Detail | Information |
|---|---|
| Owner-Operator Required | Yes |
| Participation Details | The franchised store must be personally managed on a full-time basis by a person who has successfully completed mandatory training and meets current standards. The franchisor recommends that the owner participate in the supervision of the franchise. If an approved manager is used, they must complete the training program and have no competing business interests. All employees must sign a confidentiality agreement. |
| Required Suppliers | Franchisees are required to sell and offer only franchisor-approved products, items, and services, adhering to specified standards and specifications. This includes using franchisor-approved products, signs, furnishings, supplies, fixtures, and equipment. The franchisor has the right to require purchases from approved suppliers, which may include the franchisor or its affiliates. Cellular Supplies, Inc., an affiliate, is currently the sole approved supplier for cellular phone accessories. Franchisees must not offer or deal with unapproved products or services. |
| Supply Restrictions | Franchisees are restricted from selling or offering any products or services not approved by the franchisor. If an item is disapproved, it cannot be used. The franchisor reserves the right to designate single or multiple suppliers for any item or service and may concentrate purchases with one or more suppliers. |
| Franchisor Revenue from Suppliers | The franchisor or its affiliates reserve the right to derive revenue from required purchases from approved suppliers. This includes receiving .5% to 20% of the total purchase price from the sale of certain apparel and supplies. In 2021, affiliate Cellular Supplies Inc. had $715,965 in revenue from franchisee purchases, and DrPhoneFix, Inc. had $634,360 from franchisee purchases and $743,832 from rental payments. The franchisor expects to derive revenue from software leases and product sales, but had no revenue from vendor rebates in 2021. |
Financing (Item 10)
| Detail | Information |
|---|---|
| Financing Available | Yes |
| Description | The franchisor may, in its sole discretion, finance up to 40% of the Standard Franchise Agreement tenant improvements, cabinetry, furnishings, furniture, and Start-Up Package cost for qualified prospective franchisees. Financing terms and conditions are specified, with an 8% annual interest rate and 24 equal monthly installment payments by automatic bank draft. A Promissory Note and Security Agreement are required. The franchisor does not guarantee third-party obligations and has no current arrangements with third-party lenders for referrals or placement of financing. |
Techy Franchise Earnings — Item 19
Average Revenue
$243K
Median Revenue
$243K
Sample Size
29 units
Past financial performance does not guarantee future results. Individual results will vary.
Techy Litigation & Risk Flags
Clean Litigation RecordTechy has no pending litigation actions listed in their FDD. There is also no bankruptcy history disclosed.
Litigation and bankruptcy data is sourced from Items 3 and 4 of the FDD. Always verify current status directly from the most recent FDD.
Techy System Growth
Total Units
45
Franchised
37
Company-Owned
8
Techy currently operates 37 franchised locations and 8 company-owned units. Unit count data is sourced from Item 20 of the FDD.
Unit History (Item 20)
| Year | Opened | Closed | Total |
|---|---|---|---|
| 2019 | 9 | 10 | 34 |
| 2020 | 13 | 10 | 36 |
| 2021 | 10 | 3 | 45 |
Transfers: 5 | Closures: 3
State Registrations
Registered in 14 states: CA, HI, IL, IN, MD, MI, MN, NY, ND, RI, SD, VA, WA, WI
Franchisor Financials (Item 21)
Revenue
$1.2M
Net Income
$623K
Total Assets
$252K
Audited by Kevin Norton, P.A. Certified Public Accounting for year ending December 31, 2021.
Techy Franchise — FAQ
The total investment to open a Techy franchise ranges from $142,875 to $276,750, per their Franchise Disclosure Document. This includes the initial franchise fee of $15,000. The investment covers build-out, inventory, equipment, signage, working capital, and other startup costs.
Techy charges a royalty fee of 7% of Gross Revenues (6% if gross reaches $7,500/week) of gross sales, plus a 2% of Gross Revenues or $785/month (whichever is greater) contribution to the marketing/advertising fund. These fees are paid on an ongoing basis.
You can download the Techy Franchise Disclosure Document free on this page. The FDD is a public document filed with state franchise registries. Always also request the current FDD directly from Techy to ensure you have the most up-to-date version.
According to the Item 19 financial performance representation in their FDD, Techy franchise owners report average revenue of $243K and median revenue of $243K. This is based on a sample of 29 units. Past performance does not guarantee future results.
Techy has been franchising since 2016. The FDD shows an investment range of $142,875-$276,750, a 7% of Gross Revenues (6% if gross reaches $7,500/week) royalty, and includes an Item 19 earnings disclosure. There is no pending litigation. Review the full FDD and contact current franchisees listed in Item 20 before making any investment decision.
The franchise fee is $15,000 and the total investment ranges from $142,875 to $276,750 depending on location size and market. A minimum of $2,000 in liquid capital is required. Contact the franchisor directly for current net worth and liquid capital requirements, territory availability, and application details.
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Data Source & Disclaimer: This website is for informational purposes only. It is not an offer to sell or buy a franchise. This profile is based on publicly available FDD data sourced from state franchise registry filings. All information is for research purposes only and does not constitute legal, financial, or investment advice. Data may be outdated or contain errors. Always obtain the current FDD directly from Techy and consult a qualified franchise attorney before making any investment decision. FranchiseOverview.com is operated by Franchising Compliance, LLC and is not affiliated with Techy or any of its subsidiaries. To report an inaccuracy: info@franchiseoverview.com