It’s no secret that smartphones, tablets and other wireless devices are in high demand. Multiple industry reports point to a healthy U.S. smartphone market that doesn’t look to be waning anytime soon. Our obsessions with digital devices has paved the way for cell phone repair businesses like Phone-n-Fix to occupy a unique niche with high growth potential.
Are you looking for a viable sector in which to invest? Here are three things you probably don’t know about the cell phone repair market:
The cell phone repair industry has steadily increased over the past five years. A 3% annual growth rate from 2011 to 2016 has brought total revenue to around $4 billion. As long as smartphones continue to play a vital role in our lives, which looks promising in the immediate future, there will be a market for reliable cell phone repair services – and cell phone franchise opportunities like Phone-n-Fix will continue to thrive. In fact, 46% percent of smartphone owners say they “can’t live without” their devices. This trend of smartphone reliance has translated to strong returns for cell phone repair businesses nationwide as they offer a quick and convenient means to keep our beloved devices intact.
Currently, there are no companies with a dominant market share in this industry – that opens the playing field for phone care franchise concepts like Phone-n-Fix to rise to the top as a market leader. With our refined business model and the direction of our seasoned leadership team as a guide, Phone-n-Fix franchisees are on pace to change the wireless game in their local markets and beyond.
Between 2007 and 2014, alone, Americans spent over $23.5 billion on repair and replacement of their smartphones. We can only imagine how the market will expand during the next seven-year span. Thanks to Phone-n-Fix’s innovative franchise model, aspiring and emerging business owners don’t have to miss out. Our cell phone business for sale is specially designed to help franchisees make the most out of this booming sector.
Phone-n-Fix’s cell phone repair franchise opportunity gives passionate individuals a chance to take advantage of rapid growth in a dynamic industry. Connect with a member of our franchise support team to discuss available franchising opportunities in your area.