10 Best Technology Franchises

So you want to try and open your own businesses, starting with technology franchises. Well, that’s not a bad idea at all. 

Everyone has smart devices these days, so you’ll never run out of phones to repair or secure. On a more serious note, though, the IT industry will have a projected annual growth rate of 6.7% from 2023 to 2028. 

That means the global market volume will be around $628.8B in 2028, with the most revenue coming from the US, $454.7B, to be exact.  

If you want to join this money train, you’re in luck. We’ve listed together the most profitable technology franchises to invest in for 2023. 

But before we start, here are some factors you should consider before choosing a franchise. 

• The kind of technology service the franchise offers
• Company franchise policies, royalties, and fees
• Individual budget and capacity to work/manage your own spot

1. CMIT Solutions

You can’t go wrong with CMIT Solutions when offering cybersecurity and general IT support. They take their name, Completely Managed IT, pretty seriously. They offer custom IT solutions to small businesses and non-profits. These include data backup and recovery, networking, mobile device management, hardware procurement, and more. 

They’ve been in business since 1994 and have franchised their locations for over 20 years. So far, they have over 250 chains across the US. 

2. Asurion Tech Repair and Solutions

If you want to franchise a technology repair service, Asurion is one of the best technology franchises. They can repair phones, tablets, computers, game consoles, and more—with a 1-year limited warranty. Oh, and they also do professional cleanings and have limited discounts on their site. 

So far, they have over 690 stores across the US and some global locations. The company was started in 2009 but only started offering franchises in 2013. Talk about growth. 

3. TeamLogic IT

If you want something that’s more B2B-oriented, then TeamLogic IT is your best bet. They offer IT support in two ways. Companies can get supplementary support services from them or outsource their IT services to them altogether. 

It’s pretty standard for most IT companies if you’re wondering what they do. You can expect cybersecurity, remote monitoring, IT planning, cloud, website services, and more! Oh, and they also do consulting, so you can create your custom solution. 

They’ve been in business since 2005 but gained traction in the 2010s. Today, they have over 250 privately-owned franchises across the US.

4. iMechanic

Next, iMechanic is one of the most versatile and flexible technology franchises out there. They can work on mobile phones, tablets, and laptops. But they’re also adept at repairing drones, watches, TVs, and more! Repairs can be scheduled through reservation or walk-in, and they also have flat rates on some of their repairs. 

Compared to other companies on the list, iMechanic has fewer franchises. But it’s still a worthy enterprise to look into. 

5. CPR Cell Phone Repair

Meanwhile, if you need to give your devices a little CPR, then CPR Cell Phone Repair is another ideal franchise. Aside from repairing mobile phones, they also fix game consoles, computers, tablets, laptops, and other devices. Customers get an upfront price, and they can give a 90-day warranty. 

Assurant, a Fortune 500 company, recently acquired CPR Cell Phone Repair. Oh, and they currently have over 450 locations in the US. 

6. Experimax

Want a more unique and specific company to invest in? Experimax is one of the few technology franchises focusing solely on repairing Apple devices. Want to get more out of your Apple device? 

Customers can bring in their phones for repairs or shop for pre-owned devices. The best part? They cater to all Apple products—desktops, smartphones, watches, accessories, and other wearables. Oh, and they also offer warranties for their repairs. 

Experimax was launched in 2009, but they’ve expanded their locations to over 90 across the US. 

7. iDropped

The key success of technology franchises is speed and convenience. People don’t want to be away from their devices for too long. iDropped knows this concept well, and they know how to deliver. They do common and essential cell phone repairs in an hour. Meanwhile, bigger devices like laptops, iPads, and iPods have a 24-hour turnaround time. 

The cell repair industry will grow further in the coming years. Because of this, tech repair companies should be on your radar. iDropped opened in 2012, and they currently have five locations. 

8. Cellairis

Next, Cellairis is another franchise you might want to check, especially if you want dual-income streams. This store sells its products, such as cell phone covers, screen protectors, power mounts, and other accessories. Apart from that, they also offer device repairs and device management support. 

They offer franchisees low up-front investment costs on franchise fees, loyalties, and ad fees. Plus, they’re partners with Walmart so you can get excellent foot traffic in-store. 

9. Lifeline Repairs

Lifeline Repairs is another great franchise to invest in. Unlike other repair retailers, they have 120–day warranty. Plus, you don’t even need to go to their physical location to get your items fixed. They actually offer mail-in repairs!

They fix all Apple products, including Samsung, Nokia, Blackberry, and LG phones. Lifeline Repairs takes its customer service seriously and provides training and support for interested franchise owners. 

10. Computer Troubleshooters

With Computer Troubleshooters, you’re not just going to get computer services. They also offer support for mobile and other digital workspace devices. In terms of services, they don’t differ all that much from the other companies we’ve seen on the list. 

For one, they offer data backup and recovery, remote support, security services, and more. As of the process, they first evaluate your network free of charge. Then, they draw up a plan to optimize your capabilities. 

Computer Troubleshooters has been in the business since 1997, with around 80 locations outside the US. 

And for other franchise info, read more here at Franchise How!