Device Pitstop
Device Pitstop is a retail store that buys, sells, and services used and new consumer electronic devices, including laptops, tablets, digital music players, cell phones, and accessories. We serve value-conscious customers who want quality electronics at a lower price or need help getting a device upgraded or repaired. Most of our inventory comes from customers, vendors, suppliers, and other individuals, with some factory-refurbished products also available. Our stores operate under a consistent format with approved products, services, and operating standards.
Your franchise match score
Technology
Brand highlights
- CEORonald G. Olson
- Headquarters4350 Baker Road, Minnetonka, MN, 55343
- Year founded2013
- Year started franchising2013
- IndustryTechnology
- Locations open12 (+2 last three years)
Statistics & metrics
- Investment range$100,700 - $218,250
- Franchise fee$25,000
- Royalty5% of total Net Sales
- Brand fundCurrently $2,000 per year, although we may increase the NMF Fee to an amount not exceeding $3,000 per year on 60 days’ notice to you.
- Required Liquid CapitalN/A
- Required Net WorthN/A
Learn more about the Technology industry:
Technology franchises include IT support, computer repair, and digital marketing. As technology becomes integral to daily life, this sector offers opportunities for tech-savvy entrepreneurs.
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FDD insights
The information shown below is derived from publicly available franchise disclosure documents (FDDs), including the version issued as of the issuance date listed below, and other third-party sources. This information may not reflect the most current FDD. It is provided for general informational purposes only and is not part of any franchise offering or sales process. Franchise Sidekick is not providing or furnishing an FDD in accordance with FTC requirements. You should obtain and review the most current official FDD directly from the franchisor before making any investment decision.
FDD Version Referenced - Issuance Date: 2019-04-12
| Category | Detail | View |
|---|---|---|
| The Franchisor & Executives | Learn about Device Pitstop, its parent company, and the executive leadership team responsible for operating and supporting the franchise system. | |
| Business Experience | Review the professional backgrounds and relevant business experience of Device Pitstop's executives, directors, and key management personnel. | |
| Litigation | Understand any past or pending legal actions involving Device Pitstop, its affiliates, or key personnel that may be relevant to prospective franchisees. | |
| Estimated Initial Investment | Review the estimated total initial investment required to open a Device Pitstop franchise, including startup costs and working capital estimates. | |
| Financial Performance Representations | Review any financial performance information Device Pitstop provides, including revenue or earnings data, if disclosed. |
Location data
| Total locations | 12 |
| Franchise locations | 11 |
| Corporate locations | 1 |
System growth over time
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