That is one of the most frequently asked questions when it comes to investing in a franchise. However, the answer is that is really up to you as the franchise owner. This is your business, and your baby. The time, effort and energy you put into your Dr.PhoneFix business will directly influence the type of results you get in return. While we can’t tell you exactly how much our franchise owners make, as it varies from city to city and owner to owner, we can give you the facts about franchise ownership.
FranchiseGrade is a research firm that polled 12,000 franchise owners about their overall success. A great example of their results is that 78% of the surveyed owners reported that they had fewer than 5% of their franchise locations close in the last year. This is good news because it shows the stability and longevity of buying and running franchises. Small businesses that start on their own without a brand affiliation have an 80% chance of failure, causing them to close their doors for good. Franchise owners that work with established brands help them make grow, expand and make money as a franchisee and stay in business for years reaping professional and monetary benefits.
Perhaps the most important and impressive statistic of all though is that 81% of the surveyed franchises were profitable last year. A whopping majority of franchisees made money from their business. Whether it was hundreds or hundreds of thousands of dollars, these owners worked hard to produce results that led them to a notable year as a business owner.
Even though we are unable give you an exact potential dollar amount, we can tell you that the repair industry is flourishing, and our franchise owners are seeing remarkable success and significant paychecks.
|Miramar FL||Miami Lakes FL||North Miami FL||Coral Gables FL|
|12 months||9 months||11 months||11 months|
|Phone and Internet||$2,810.65||$2,710.60||$2,985.50||$2,624.41|
12 months -
- THE GROSS REVENUE FOR THE 4 AFFILIATE STORES IS COMPILED FROM INFORMATION AND REPORTS SUBMITTED BY AFFILIATED STORES OPEN A MINIMUM OF ONE YEAR ALL LOCATED IN FLORIDA. YOU SHOULD NOT CONSIDER THIS INFORMATION AS THE ACTUAL OR POTENTIAL GROSS REVENUE OR EXPENSES THAT YOU OR ANY OTHER FRANCHISEE WILL REALIZE. WE DO NOT REPRESENT THAT ANY FRANCHISEE CAN EXPECT TO ATTAIN THESE GROSS REVENUE OR EXPENSES. YOUR INDIVIDUAL FINANCIAL RESULTS ARE LIKELY TO DIFFER FROM THE INFORMATION INCLUDED IN THIS STATEMENT.
- YOU ARE LIKELY TO ACHIEVE RESULTS THAT ARE DIFFERENT, POSSIBLY SIGNIFICANTLY AND ADVERSELY, FROM THE RESULTS SHOWN ABOVE. MANY FACTORS, INCLUDING LOCATION, MANAGEMENT CAPABILITIES, LOCAL MARKET CONDITIONS, AND OTHER FACTORS ARE UNIQUE TO EACH STORE AND MAY SIGNIFICANTLY IMPACT THE FINANCIAL PERFORMANCE OF YOUR DRPHONEFIX FRANCHISED BUSINESS. NEITHER WE NOR ANY OF OUR AFFILIATES MAKE ANY PROMISES OR REPRESENTATIONS OF ANY KIND THAT YOU WILL ACHIEVE ANY PARTICULAR RESULTS OR LEVEL OF REVENUE EXPENSES OR PROFITABILITY OR EVEN ACHIEVE BREAK-EVEN RESULTS IN ANY PARTICULAR YEAR OF OPERATION.