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Description

How To Open a Wireless Zone Franchise?

To begin your journey as a Wireless Zone franchisee, start by submitting a franchise application. Once reviewed, you may participate in a series of interviews and training sessions. This process typically culminates in a discovery day, allowing you to meet current franchisees and the corporate team. Following a successful evaluation, you will receive your franchise agreement and can commence preparations for your store opening.

What Are the Financial Requirements for a Wireless Zone Franchise?

The initial investment for a Wireless Zone franchise includes a franchise fee of $25,000, along with additional costs that can range from $75,000 to $125,000 depending on location and store setup. Ongoing royalty fees of 5% of gross sales, along with a marketing contribution of 2%, are also required. It's crucial to assess your financial readiness to cover these initial and ongoing expenses.

Why Consider a Wireless Zone Franchise?

Wireless Zone specializes in retail sales of wireless products and services, making it a prominent player in a continually growing industry. Franchisees benefit from an established brand, comprehensive training, and ongoing operational support. The franchise also offers additional services through affiliates, such as Redux for electronics repair, enhancing revenue opportunities. If you're passionate about technology and customer service, this franchise may align well with your interests.

Is a Wireless Zone Franchise Right for You?

Operating a Wireless Zone franchise can be rewarding, but it's essential to understand the competitive landscape. With the rise of online sales and various retail competitors, you'll need to develop strong customer relationships and effective marketing strategies. If you have a background in sales or retail management and are committed to building a thriving business, a Wireless Zone franchise could be a suitable fit for your entrepreneurial aspirations.

Wireless Zone Franchise Financial Requirements

Below, you’ll find an overview of the initial investment needed to launch the business, along with the ongoing fees required by the franchisor to maintain operations over time.

A broad sector defining similar types of franchise businesses.

Industry

Retail Franchises
A more specific division within the broader industry.

Category

Specialty Retail
Available financing options to help start the franchise.

Funding Year

2016
The main organization that owns the franchise brand.

Parent Company

Round Room LLC
The key individuals guiding the franchise’s strategy and growth.

Leadership

Scott Moorehead
The official business address of the franchisor’s headquarters.

Corporate Address

795 Brook Street, Building #5, Rocky Hill, Connecticut 06067
The total amount required to launch the franchise.

Initial Investment

$190,000 - $445,500
The initial fee paid to join the franchise system.

Franchise Fee

$25,000
Ongoing percentage of revenue paid to the franchisor.

Royalty Fee

22%
Regular contribution toward the franchise’s advertising fund.

Marketing Fee

2%
The minimum liquid capital you must have on hand.

Cash Required

$50,000 - $75,000
The minimum total assets (minus liabilities) you must possess.

Net Worth Required

$300,000 - $500,000
The typical yearly revenue generated per franchise location.

Average Revenue

$509,256
The middle value of yearly revenue among franchise locations.

Median Revenue

$509,256
The smallest reported annual revenue among franchisees.

Lowest Revenue

$55,135
The largest reported annual revenue among franchisees.

Highest Revenue

$6,068,509
The estimated timeframe to recover your initial costs.

Breakeven Time

24 Months
The estimated period to recoup your total investment.

Investment Payback

10 Months

Wireless Zone Franchise Unit Growth Summary

A breakdown of corporate, franchised, and total units, with yearly net changes shown in the chart and table.

The overall number of operating franchise locations.

Total Units

720
The number of locations owned by independent franchisees.

Franchised Units

720
The number of locations owned and run by the franchisor.

Corporate Units

0
Units 2021 2022 2023
Total Units 412 428 720
Net Change YoY 16 292
Franchised Units 412 428 720
Net Change YoY 16 292
Corporate Units 0 0 0
Net Change YoY 0 0

Company Background

Wireless Zone is a premier retailer of wireless products and services, specializing in the sale of mobile devices, accessories, and service plans. Established in 1992, the franchise has grown to over 400 locations across the United States, offering customers a wide range of products from leading brands like Verizon, Apple, and Samsung. With a commitment to exceptional customer service and the latest technology, Wireless Zone is dedicated to meeting the ever-evolving needs of consumers in the wireless market.

Franchise Opportunity

Investing in a Wireless Zone franchise provides an opportunity to tap into the booming wireless industry. As a franchisee, you will benefit from a recognized brand, comprehensive training, and ongoing support. The franchise model offers a scalable business opportunity with multiple revenue streams, including device sales, service plans, and accessories. With the demand for wireless communication continuing to rise, Wireless Zone presents a viable and profitable business venture for aspiring entrepreneurs.

Corporate Structure

Wireless Zone operates under the corporate entity, Wireless Zone, LLC, which was founded in 1992 in Connecticut. The franchise is a subsidiary of the larger Wireless Zone Network, which oversees the operations and expansion of the brand. The company's corporate headquarters are located in Farmington, Connecticut, where it manages franchisee support, marketing initiatives, and product distribution for all its locations.

Royalties

Wireless Zone franchisees are required to pay a royalty fee of 5% of their gross sales, along with an additional 1.5% for national advertising contributions. These fees contribute to the brand's marketing efforts and support initiatives aimed at driving sales and enhancing brand visibility in the competitive wireless market.

Company Mission

At Wireless Zone, our mission is to empower customers by providing them with the best wireless products and services to enhance their connectivity and communication. We strive to create a customer-centric environment where individuals feel valued and informed, ensuring they find the right solutions for their wireless needs. Through innovation, exceptional service, and community engagement, we aim to be the trusted partner for consumers navigating the wireless landscape.

Brand Story

Wireless Zone was founded in 1992 by a group of entrepreneurs who recognized the growing demand for mobile communication solutions. As one of the first authorized retailers for Verizon, the brand quickly gained credibility and expanded its offerings to include various mobile devices, accessories, and service plans. Over the years, Wireless Zone has established itself as a leader in the wireless retail space, known for its knowledgeable staff and commitment to customer satisfaction. Today, the brand continues to evolve, adapting to technological advancements and changing consumer preferences while maintaining its core values of service and excellence.

Frequently Asked Questions

The total investment required to start a Wireless Zone franchise ranges from approximately $190,000 to $445,500. This includes initial franchise fees, inventory, equipment, and other startup costs .