£ 178,000 Minimum Investment
Experimax offers computer and tablet repairs, refurbished products and a variety of related services
Experimax was founded in Florida in 2012, as a technology service provider. The brand offers a variety of products and services to customers, including computer and other electrical equipment repair, selling refurbished, pre-owned and new equipment, and providing upgrades and other services.
The brand specialises in Apple products in particular, harnessing a large global market, making the franchise a strong opportunity for anyone looking to start a business in the technology industry.
The Experimax franchise is part of the United Franchise Group which is based in Florida, in the US. In the UK, queries can be addressed through one of the groups other franchising options, Transworld Business Advisors, whose headquarters are in London.
A complete franchise package with Experimax will require a total investment of approximately £200,000. This also includes a franchise fee of £37,500. Franchisees will also require liquid capital of at least £37,500. Owners will also be charged a royalty fee of 6 per cent of gross sales, as well as a monthly fee of 1 per cent towards a marketing and advertising fund.
Actual franchise costs may vary depending on the location and size of your store, equipment and inventory, as well as the number of staff employed.
Opportunities to own an Experimax franchise are available across the UK – for more information on territories, contact the franchise development team at Transworld Business Advisors directly by completing the enquiry form on this page.
Financial support may be available from most major high street banks, depending on your individual circumstances. However, you should be able to demonstrate having sufficient liquid capital, and potential franchisees will be asked to provide evidence of financial capability – this will be needed to cover the cost of inventory, equipment, employee salaries and other essential elements. Even if you have sufficient capital to cover the cost of the investment, Experimax recommends you still apply for some funding to allow for any additional costs that may come up.
To start a franchise with Experimax you do not need to have prior experience within the technology industry, as the brand provides complete training for all franchise owners. However, to succeed as a business owner, you should have a good sense of motivation, drive and discipline. Some prior experience in business management may be helpful, even if it is in a different industry.
Experimax provides a full training package for all franchise owners, including in-person training at the company’s main headquarters, as well as training within your own franchise territory.
The training programme begins with a two-week intensive training programme at Experimax’s global head office in West Palm Beach in Florida, which will provide franchisees with an in-depth understanding of the brand, how it operates, the services it provides, marketing and advertising, and other key aspects.
This is followed up by further in-person training, at your chosen franchise site. This will cover all technical, business and administrative issues, with a regional manager to support you through the process. Experimax will also provide support and assistance with choosing and setting up a store, finding the right location, and go through the store build-out process with you to ensure your store meets the brand’s standards. Experimax may also be able to provide some assistance with negotiating the best lease for your business premises.
Experimax supports all franchisees through the lifetime of their businesses, with a range of continued training programmes and other support. Franchisees have the opportunity to attend a variety of regional meetings, brand conventions and the franchise group’s main leadership summit event. Experimax also gives franchisees access to its online learning platform, with extensive material added regularly, and holds franchisee group calls to help answer issues, provide tailored support and give advice.
Franchisees can also benefit from the the group buying power that comes from being a part of a large franchise, which can help reduce costs and provide a more competitive
Earnings can vary depending on the size and age of the established franchise, however, by being a franchisee with Experimax and its broader franchise group, you can have the
advantage of having access to multiple sources of revenue, with the opportunity to increase your income in several ways.
Existing franchisees have found owning an Experimax franchise to be a fantastic opportunity, helping them to establish successful and fast growing businesses. A key aspect of the franchise that has been highly popular is its relationship with Apple products – as one of the most well-known and in-demand brands in technology, being able to provide repair or more affordable resale options has been a key area of growth for many current franchise owners. This has helped Experimax to tap into an existing market and help increase awareness of their business more rapidly, with an advantage over similar competitors in the repairs industry.
Franchisees have also found the proven business model offered by the brand and its franchise group to be helpful and supportive, with extensive guidance and mentorship available to help grow the business at each stage.
With successful franchises in operation already across the world, a partnership with Experimax could be an exciting opportunity for a franchisee interested in starting their own business in the tech industry.
To find out more about starting a franchise with Experimax, fill in the enquiry form on this page for a franchise prospectus and to arrange an initial discussion about current opportunities available.
For further information, enquire today!
For further information, enquire today!
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