Device Pitstop

Device Pitstop is a retail and repair store that buys, sells, trades and repairs laptops, tablets, and smartphones of all varieties, from Apple products to Windows and Android. We provide quality refurbished and factory recertified laptops and other personal devices at high value retail prices.

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Device Pitstop

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Device Pitstop Franchise Cost and Requirements for 2022

Background

It's A Two Part Business:

Front: Retail Sales Floor
The store resells used, high-quality, brand-name, certified/ warranted laptops, tablets, smartphones, desktops (and almost any other tech hardware you can imagine) at tremendous value pricing. That's great value for consumers, and because it's used, high gross profit margins for our franchisees.

Back: Service Tech Area
Fully equipped multiple work stations and technicians (in-store to speed turn-around on repairs), provide helpful services and offer upgrades. Services in back helps sell more hard- ware up front, and hardware up front helps sell more services in back.

Do you ever stop and think about how reliant the average person is on the technology they use? Between smartphones, tablets, the ever-present laptop, traditional desktops, all-in-one machines and the expanding wearable technology market, the average person spends countless hours logged in and online with some sort of device - quite likely, multiple devices! But what happens when something stops working? Or it's time for a cost-effective upgrade? That's where Device Pitstop steps in.

Device Pitstop is a retail and repair store that buys, sells, trades and repairs laptops, tablets, and smartphones of all varieties, from Apple products to Windows and Android. We provide quality refurbished and factory recertified laptops and other personal devices at high value retail prices. Additionally, the service and repair aspect of the business model comprises approximately 30% of average store sales. Refurbished retail inventory is acquired on an ongoing basis from our customers selling their gently-used or no longer needed electronics to Device Pitstop for CASH on-the-Spot. We also utilize a network of brokers who acquire product off-lease from various companies or outsource overstock items from clearance houses. Our refurbished inventory is typically sold between 25% and 50% below current or original retail pricing. Plus, Device Pitstop offers all of the common accessories you would expect to see for laptops, desktop computers, tablets, smartphones and more.

At every Device Pitstop store, customers will find a clean, open layout, a great product selection and a friendly, professional staff that provides excellent customer service.

Company Details

Established: 2003
First Unit Franchised: 2013
Franchised Units: 9
Company Owned Units: 1
States Registered In: All, but HI and RI.
Canada Franchises: No
International Franchises: No

Support and Training Offered By Device Pitstop

Financial Assistance Provided: Yes
Site Selection Assistance: Yes
Lease Negotiation Assistance: Yes
Recruiting Assistance: Yes
Co-Operative Advertising: Yes


Training: You (or if you are an entity, a Principal Owner) and your Store manager must attend 2 1/2 days of Operations and In-Store Training. Operations Training lasts 4 days and will cover subjects that address back-of-house administration, loss prevention, inventory management, customer service and Store standards, including grand opening marketing, merchandising and product knowledge. In-Store Training will take place in our corporate Store for a period of 2 days, and will focus on the key areas of running your new Store including: POS training, Store procedures, product buying, local Store marketing, customer service and visual merchandising.
You (or if you are an entity, a Principal Owner) and your Store manager must have successfully completed Business Training before you may attend Operations and In-Store Training. Before Operations and In-Store Training, you also must have a signed lease that has been received by us and ordered your fixture package. Operations and In-Store Training must be completed before you begin your Open to Buy period.

2022 Franchise Requirements Needed to Own a Device Pitstop Franchise.

What does a Device Pitstop Franchise Cost?

Device Pitstop franchise fees for 2022:

Cash Investment: $75,000
Total Investment: $100,700 - $173,000
Minimum Net Worth: $300,000
Franchise Fee: $25,000
Royalty: 5%
Ad:
Average Number of Employees: 4-5
Item 19: Yes
Visa Candidates: Yes
Passive Ownership: No
Home Based: No
B2B: No
Master Franchise Opportunities: Yes
Veteran Discount: Yes

Is Device Pitstop a Semi Absentee Franchise with a Passive Ownership Opportunity?

No. Device Pitstop is not a semi absentee franchise. The owner of the franchise (the franchisee) is expected to be involved in all aspects of day-to-day operations.

Is Device Pitstop a Home Based franchise?

No. Device Pitstop is not a home based franchise opportunity.

What Do Device Pitstop Franchise Owners Make?

Click here to find out how much Device Pitstop franchisees make. Device Pitstop offers an Item 19 in their Franchise Disclosure Document which provides financial information about select franchisees in their franchise system.

Is Device Pitstop a Master Franchise Opportunity?

Yes. Device Pitstop is a master franchise opportunity. A master franchisee is responsible to recruit, train and support franchisees in their territory.

Does Device Pitstop Offer a Veteran Discount?

Yes. Device Pitstop franchise does offer a veteran discount.

Does Device Pitstop Work with E2 Visa and EB-5 Visa Candidates?

Yes. Device Pitstop franchise does work with E2 Visa and EB-5 Visa candidates.

Is Device Pitstop Looking for Franchisees in Canada?

No. Device Pitstop franchise is not looking for Canada franchisees.

Is Device Pitstop Looking for International franchisees?

No. Device Pitstop franchise is not looking for International franchisees.

Additional Information

Additional Categories

Computer & Internet, Green & Eco Friendly, Retail, Non Food Franchises

Number of Units Open

LESS THAN 20 UNITS

Cash Required

$50,000 - $100,000

Master Franchise

Yes

Passive Franchise

No

Home Based Franchise

No

Item 19 Franchise

Yes

Veteran Discount

No

B2B

No

Franchise Opportunities in Canada

No

International Franchise Opportunities

No

E2 Visa Franchise

Yes

Device Pitstop Franchises for Sale

Click Here to inquire about existing Device Pitstop franchises for sale. We may have Device Pitstop franchise resales. A franchise resale is an already established franchise owned by a franchisee and the franchisee is looking to sell their franchise.

The International Franchise Professionals Group (IFPG) is an internationally recognized membership-based franchise organization. IFPG Franchise Consultants guide aspiring business owners through the process of identifying and investing in franchise businesses. The IFPG represents more than 550 franchises. We do not represent all franchises listed here. By clicking on "Request a Consultation," you are agreeing to be contacted by one of our Certified Franchise Consultants to discuss franchise ownership.

About our rankings: The IFPG uses its internal data collected from our membership portal to identify which franchises had the most activity in the past week. This ranking system is not based on franchise sales, franchisee success rates or number of units open. Our ranking system should not be used to make a decision on which franchise to buy it was solely created for internal purposes and for our IFPG Members.