iFixandRepair (IFAR) Franchise Cost, Revenue & Review 2026
Data from FDD filing
Analysis by FranchiseVerdict Research · Methodology
iFixandRepair is a device-repair franchise fixing phones, tablets, and laptops through storefront and mall-kiosk locations. Franchisees run repair shops managing diagnostics, parts, technicians, and customer service.
FranchiseVerdict summary · 2026
A iFixandRepair (IFAR) franchise requires a total initial investment of $78K – $147K, including a $25K franchise fee. The 2024 FDD does not disclose unit-level revenue (no Item 19). FranchiseVerdict grade: A (Strongest tier), an editorial assessment, not investment advice. Run a live ROI scan →
Data last verified · figures per the 2024 FDD issuance
Overview
- Investment
- $78K – $147K
- 18th pct Home Services
- Avg gross sales
- N/A
- Royalty
- N/A
- Units
- 232
- 77th pct Home Services
- SBA charge-off
- N/A
Quick verdict · Home Services · color = vs category peers
Green = favorable by >10% vs Home Services avg · No shading = within ±10% · Red = unfavorable by >10% · Source: FDD filings + SBA 7(a)
Data from public FDD filings and SBA records. Not financial advice. Methodology
Bottom line
- COSTTotal investment $78K – $147K including a $25K franchise fee.
- RETURNSTotal revenue of $2,136,986 cited in Item 8 as the basis for a rebate percentage, described as based on audited financials (FYE June 30). The Exhibit A audited financial statements (FYE 2022/2023/2024) are image-based in the source text; no balance-sheet or income-statement line items (equity, assets, liabilities, net income, year-by-year revenue) or auditor name are extractable.
- RISKVerdict A (Strongest tier), verdict score 73/100 (higher is better).
- GROWTHSystem growing at 152.2% CAGR over 3 years with 232 total units. Strong expansion trajectory.
Item 1 · who you're contracting with
The Franchisor
Corporate structure & franchisor financials
- Legal entity
- iFixandRepair Franchise LLC
- Predecessor
- Gorilla Brands LLC
- Prior franchisor entity
- CEO title
- LLC Member and Manager, Chief Executive Officer, and Retail Operations Manager
- Chris Kelley
- 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
- CEO
- Chris Kelley
- Headquarters
- FL
- Founded
- 2021
- FDD year
- 2024
- States available
- 29
Can you afford it, and what does the money buy?
Entry cost runs 50% below the typical home services franchise.
Source: FDD 2024 · Items 5–7
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 | $43K | $102K |
| Total initial investment | $78K | $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
- $78K – $147K
- Top 40% of category vs category
- Liquid capital req'd
- $10K – $20K
- Top 40% of category vs category
- Franchise fee
- $25K – $25K
- Top 40% of category vs category
- Royalty
- Flat monthly fee of $850 to $2,000, determined before sig…
- Ad fund
- 1.0%
- typical 3–5%
- Total fee load
- 1.0%
- vs 9–13% typical
Ongoing fees · Item 6
| Fee | Amount |
|---|---|
| Royalty (flat) | $850 to $2,000 per month flat fee, set before franchise agreement signing based on location type and market demographics |
| Marketing / ad fund | 1.0% of gross sales |
| Technology fee | $150 |
| Transfer fee | $5K |
| Renewal fee | $6K |
| Inventory (initial) | $7K – $17K |
| Total fee load | 1.0% of rev |
ROI & LBO modelsSingle-unit · 25-unit portfolio · editable
iFixandRepair (IFAR) did not disclose financial performance in FDD Item 19. The ROIC and return models require Item 19 revenue. Without it all inputs are estimates. You can still run the calculator with your own assumptions by entering an expected revenue figure.
Returns model · single-unit ROIC
What would one iFixandRepair (IFAR) unit return on the cash you put in?
Unlevered ROIC · per unit
Estimated return on your total franchise investment, before any debt financing.
70%
Above the 30–60% band. Verify revenue is per-unit average
These models are for research and scenario planning only. Not investment advice. Actual results depend on your specific location, management, and market conditions. Consult a franchise attorney and accountant before signing any franchise agreement.
Item 19 · Source: 2024 FDD
Financial Performance
Total revenue of $2,136,986 cited in Item 8 as the basis for a rebate percentage, described as based on audited financials (FYE June 30). The Exhibit A audited financial statements (FYE 2022/2023/2024) are image-based in the source text; no balance-sheet or income-statement line items (equity, assets, liabilities, net income, year-by-year revenue) or auditor name are extractable.
Operator outlook
What the numbers say
Data-driven interpretation of this brand's financial disclosures, fee structure, and system trajectory.
Fee burden
Total ongoing fee load of 1.0% — below the Home Services average of 8.9%.
Disclosure
Franchisor chose not to disclose financial performance representations. You will need to gather unit economics directly from existing franchisees.
Operator retention
System expanding at 152.2% CAGR over 3 years across 232 units — operators are staying and new ones are joining.
Source: FDD Item 19 financial performance representations and publicly filed FDD data. Past performance is not indicative of future results. Verify all figures with the franchisor and current franchisees before making any investment decision.
vs Home Services averages
How iFixandRepair (IFAR) Compares
Is the system healthy?
Source: FDD 2024 · Item 20
Unit growth
Item 20 · unit dynamics
The Growth Chart
- Total units
- 232
- Opened
- 62
- Last reporting year
- Closed
- 7
- Terminated
- 0
- Franchisor ended the franchise (per Item 20)
- Non-renewed
- 0
- Term expired, not renewed (per Item 20)
- Turnover rate
- 3.0%
- Company-owned
- 0
- Corporate units in the system
- % franchised
- 100%
- vs corporate-owned
- Net growth (3-yr)
- +152.2%
- Net unit change over 3 years
- 3-yr CAGR
- +152.2%
- Compounded over last 3 years
3-year detail · Item 20
- Opened (3yr)
- 62
- Closed (3yr)
- 7
- Terminated (3yr)
- 0
- Non-renewed (3yr)
- 0
- Transfers (3yr)
- 10
- Reacquired (3yr)
- 0
- Franchisor bought back
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.
What could kill this investment?
Source: SBA 7(a) FOIA · FDD Items 3, 21
Risk analysis
FranchiseVerdict rating + FDD Items 3, 4, 8, 16, 21
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: Yes
- Kickbacks from required suppliers: No
- Must buy proprietary products: Yes
- Restricted to system-approved products: Yes
- Can negotiate own supplier terms: Yes
Score breakdown · what drove the 73 / 100 verdict
- 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
- 04MEDNo disclosed litigation could indicate unreported disputes or suppressed claims history
- 05MINORFlat royalty structure may not align franchisee profitability with franchisor success, creating misaligned incentives
Severity inferred from the FDD text · not a regulatory classification
What are you signing up for?
Ongoing fees run about 1.0% of sales (royalty + ad fund), before rent and labor.
Source: FDD 2024 · Items 11, 12, 17
FDD Items 12, 15, 17 · continued from Risk & Legal
Contract & Territory Detail
| Initial term | 10 years |
|---|---|
| Renewal term | 10 years |
| Territory type | protected |
| Protected territory | Yes |
| Exclusive territoryℹ | No |
| Online sales rightsℹ | Restricted |
| Franchisor can compete | Yes |
| Hire a manager? | Allowed |
| Owner-operator | Required |
| Non-compete (years)ℹ | 2 years |
| Non-compete (miles)ℹ | 20 mi |
| Right of first refusalℹ | Yes |
| Transfer requires consent | Yes |
| Termination notice | 30 days |
| Curable defaultsℹ | 1 |
| Mandatory arbitration | Yes |
| Arbitration location | Broward County, Florida |
| Jury trial waiver | Yes |
| Governing law | FL |
| 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
- 40 hrs
- Training location
- Corporate training center in West Palm Beach, FL, or another designated location
- Ongoing training
- Required
- Time to open
- 9 mo
- From signing to launch
- Site selection
- Franchisee responsible; franchisor must approve site
- Franchisor financing
- Not offered
- Item 10
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 $78K – $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 Item 19 in the iFixandRepair (IFAR) FDD?
The FDD section where a franchisor may disclose financial performance of its outlets. Disclosure is optional and formats vary; figures are typically gross sales, which is revenue before expenses, not profit. FranchiseVerdict extracts these figures directly from the iFixandRepair (IFAR) FDD and qualifies whose outlets they describe.
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 232 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 verdict score of 73 out of 100 (higher is better), 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.
For franchisors
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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.