iFixandRepair (IFAR)Franchise Cost, Revenue & Review 2026
Data from FDD filing
FranchiseVerdict summary · 2026
A iFixandRepair (IFAR) franchise requires a total initial investment of $68K – $147K, including a $25K franchise fee. The 2024 FDD does not disclose unit-level revenue (no Item 19). Verdict grade: A. Run a live ROI scan →
Data last verified June 21, 2026 · figures per the 2024 FDD issuance
Overview
- Investment
- $68K – $147K
- 13th pct Home Services
- Avg gross sales
- N/A
- 54th pct Home Services
- Royalty
- N/A
- Units
- 232
- 70th pct Home Services
- SBA default
- N/A
Quick verdict · Home Services · color = vs category peers
Green = >15% above Home Services avg · No shading = within ±15% · Red = >15% below avg · Source: FDD filings + SBA 7(a)
Data from public FDD filings and SBA records. Not financial advice. Methodology
The system grew 31% year-over-year. Fast growth means demand, but can strain support.
Bottom line
- Total investment $68K – $147K including a $25K franchise fee.
- No Item 19 financial performance data disclosed. The franchisor chose not to publish revenue figures.
- Verdict A (Top Quintile) with a risk score of 44/100.
- System growing at 152.2% CAGR over 3 years with 232 total units. Strong expansion trajectory.
Item 1 · who you're contracting with
The Franchisor
- Legal entity
- iFixandRepair Franchise LLC
- Predecessor
- has not and does not own or operate any IFAR stores
- Prior franchisor entity
- Incorporated in
- FL
- HQ
- 1500 E Las Olas Blvd #203, Fort Lauderdale, FL 33301
- Auditor
- BAS Partners
- Audited financials
- Franchisor revenue
- $1.5M
- vs $2.1M prior year
Affiliated brands
- of ours
Other brands the franchisor or its parent operates (Item 1).
Overview
About
iFixandRepair franchisees operate mobile and/or storefront electronics repair services, providing device diagnostics, screen replacements, battery repairs, and component fixes for smartphones, tablets, laptops, and other consumer electronics. Daily operations include customer intake, repair diagnostics, parts inventory management, technician scheduling, and customer communication.
- CEO
- Chris Kelley
- Headquarters
- FL
- Founded
- 2021
- FDD year
- 2024
- States available
- 29
FDD Item 7 · 2024 filing
Initial investment breakdown
| Cost component | Low | High |
|---|---|---|
| Initial franchise fee | $25K | $25K |
| Working capital (3–6 mo) | $10K | $20K |
| Equipment, build-out, other | $33K | $102K |
| Total initial investment | $68K | $147K |
Source: iFixandRepair (IFAR) 2024 FDD, Items 5 and 7[2]. “Equipment, build-out, other” is computed as total minus disclosed line items above.
Item 7 · what it costs to open + operate
The Vitals
- Total investment
- $68K – $147K
- Better than avg vs category
- Liquid capital req'd
- $10K – $20K
- Better than avg vs category
- Franchise fee
- $25K – $25K
- Better than avg vs category
- Royalty
- Flat monthly fee of $850 to $2,000
- Ad fund
- 1.0%
- typical 3–5%
- Total fee load
- 1.0%
- vs 9–13% typical
Ongoing fees · Item 6
| Fee | Amount |
|---|---|
| Marketing / ad fund | 1.0% of gross sales |
| Technology fee | $150 |
| Transfer fee | $5K |
| Renewal fee | $25 |
| Inventory (initial) | $7K – $17K |
| Total fee load | 1.0% of rev |
Financial Performance
This franchisor did not disclose financial performance representations in Item 19, or our extractor could not parse them.
vs Home Services averages
How iFixandRepair (IFAR) Compares
Unit growth
Item 20 · unit dynamics
The Growth Chart
- Total units
- 232
- Opened
- 62
- Last reporting year
- Closed
- 7
- Turnover rate
- 3.0%
- Company-owned
- 0
- Corporate units in the system
- % franchised
- 100%
- vs corporate-owned
- Net growth (yr3)
- +31.1%
- Net unit change last year
- 3-yr CAGR
- +152.2%
- Compounded over last 3 years
3-year detail · Item 20
- Transfers (3yr)
- 10
Year-over-year franchised unit counts and net change. Source: FDD Item 20.
Item 20 · 30 states with active franchisees
The Territory Map
Derived from franchisee contact records. Shows states with at least one current operator. Not where the franchisor is registered to sell new units (that data is re-extracting in a future refresh).
States derived from franchisee contact records (FDD Item 20). Shows states with at least one current operator on file. Full state registration data (Item 12) will appear on a future FDD refresh.
SBA loan performance
Government records
SBA Loan Data
Aggregated from SBA 7(a) and 504 loan disclosures, public data unique to FranchiseVerdict.
No SBA loan data available for this brand.
Risk analysis
FranchiseVerdict rating + FDD Items 3, 5, 6, 12, 17
Risk & Legal
Critical absence of financial disclosure combined with 'Going Concern = False' status creates elevated uncertainty around franchisee profitability and franchisor financial health despite rapid unit growth.
Litigation (Item 3)
0 case reference(s): 0 pending, 0 settled.
Bankruptcy (Item 4)
None disclosed
Audited financials (Item 21)
Yes · BAS Partners
Franchisor revenue (Item 21)
Franchisor entity revenue (not unit-level)
Supplier relationship · Items 8 & 16
- Franchisor sells you products: No
- Must buy proprietary products: No
- Restricted to system-approved products: No
Score breakdown · what drove the 44 / 100 rating
- 01MINORNo average revenue or net income disclosure (Item 19) prevents ROI validation and profitability assessment
- 02HIGHGoing Concern = False indicates potential financial instability or accounting irregularities at franchisor level
- 03MINORRapid 31.1% YoY unit growth may reflect aggressive recruitment masking underlying unit economics or high failure rates
- 04MINORWide investment range ($68,200–$147,450) and royalty spread ($850–$2,000/month) suggests inconsistent business model or territory-based pricing opacity
- 05HIGHNo disclosed litigation could indicate unreported disputes or suppressed claims history
- 06MINORFlat royalty structure may not align franchisee profitability with franchisor success, creating misaligned incentives
Severity inferred from the FDD text · not a regulatory classification
FDD Items 5, 6, 12, 17 · continued from Risk & Legal
Contract & Territory Detail
| Initial term | 10 years |
|---|---|
| Renewal term | 10 years |
| Territory type | Radius or Venue-specific |
| Protected territory | Yes |
| Online sales rights | Restricted |
| Franchisor can compete | Yes |
| Hire a manager? | Allowed |
| Owner-operator | Required |
| Non-compete (years)ℹ | 2 years |
| Right of first refusalℹ | Yes |
| Termination notice | 30 days |
| Mandatory arbitration | Yes |
| Jury trial waiver | Yes |
| Governing law | Florida |
| Litigation count | 0 |
View Item 3 litigation summary
0 case reference(s): 0 pending, 0 settled.
Items 10, 11
Training & Operations
- Classroom training
- 35 hrs
- On-the-job training
- 42 hrs
- Training location
- On-site and corporate
Items 5 & 11
Franchisor Support
Item 20 · call current owners
Franchisee Contacts
225 owners to call
Name · phone · city · state. Extracted from FDD Item 20
FDD download
iFixandRepair (IFAR) · FDD (2024) PDF
Frequently asked questions
Frequently Asked Questions
How much does it cost to open a iFixandRepair (IFAR) franchise?
The total investment to open a iFixandRepair (IFAR) franchise ranges from $68K – $147K, with an initial franchise fee of $25K. This includes real estate, equipment, inventory, and working capital as disclosed in their Franchise Disclosure Document (FDD).
What do iFixandRepair (IFAR) franchise owners earn?
iFixandRepair (IFAR) does not disclose average franchise owner earnings in their FDD Item 19. Not all franchisors are required to make financial performance representations. We recommend asking existing franchisees directly about their financial experience.
What is iFixandRepair (IFAR)'s franchise failure rate?
SBA 7(a) loan charge-off data is not available for iFixandRepair (IFAR) (fewer than 10 loans on file). Charge-off rates are one way to gauge franchise risk, but not all franchise loans go through the SBA program. We recommend reviewing turnover and closure data in the FDD and speaking with current franchisees.
How many iFixandRepair (IFAR) franchise locations are there?
As of their most recent FDD filing, iFixandRepair (IFAR) has 232 total units in the United States, including 92 franchised units and 0 company-owned units. 62 new units were opened in the latest reporting year.
Is iFixandRepair (IFAR) a good franchise to buy?
FranchiseVerdict rates iFixandRepair (IFAR) as a A-grade franchise with a risk score of 44 out of 100, based on our analysis of investment costs, revenue data, SBA loan performance, and growth trends. Our rating is based solely on publicly available FDD and government data; we recommend speaking with current franchisees before making any investment decision. This is not investment advice.
Data sourced from public FDD filings and SBA 7(a) FOIA records. Not financial advice.
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Data extracted from public FDD filings and SBA 7(a) loan disclosures (FOIA). This information is provided for research purposes only and does not constitute financial, legal, or investment advice. Verify all figures with the franchisor's current Franchise Disclosure Document before making any investment decision.