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Cell Phone Repair Business Plan Template

Written by Dave Lavinsky

Cell Phone Repair Business Plan

You’ve come to the right place to create your Cell Phone Repair business plan.

We have helped over 1,000 entrepreneurs and business owners create business plans and many have used them to start or grow their Cell Phone Repair businesses.

Below is a template to help you create each section of your Cell Phone Repair business plan.

Executive Summary

Business overview.

Aurora Phone Repair is a cell phone repair business located in Aurora, IL. We offer a wide suite of services that address the most common issues and damages that occur to cell phones. These include screen repairs, battery replacements, and water damage repairs. In addition to repairs, we also sell a variety of phone accessories, such as cases, screen protectors, and chargers.

Aurora Phone Repair is founded and run by Tim Bradshaw. Tim has been a phone and tech geek for years and has purchased several of the most popular and expensive phones on the market. A year ago, he broke his high-end phone and found that no repair shop was willing to fix it. He was able to repair it on his own and found that his skills exceeded those of local repair shops. That’s when he decided to open his own phone repair shop using his expertise in technology and extensive skill set in fixing electronics. With his skill and the right team, Tim expects his business will become the most popular phone repair business in the area in the next five years.

Product Offering

Aurora Phone Repair is a one-stop shop for all one’s phone repair needs. We can repair nearly everything from a cracked screen to water damage. We will have a full staff of trained professionals with years of experience repairing phones and other electronics. As such, we can repair many of the problems that phones have in their lifetime, including problems our competitors won’t fix. In addition to repairs, we also sell a limited variety of phone accessories, such as earbuds, cases, and chargers.

Customer Focus

Aurora Phone Repair will target phone owners in Aurora, Illinois. In the modern age, this includes nearly all of the population, but we expect most of our customers will be young adults or demographics that can’t afford to replace their phones often. We will also target small and medium-sized businesses that provide their employees with work cell phones. No matter the customer, Aurora Phone Repair will deliver the best communication, service, and results.

Management Team

Aurora Phone Repair is owned and run by Tim Bradshaw, a phone aficionado who has extensive experience repairing and upgrading electronics. He started the business after failing to find a nearby shop that could fix his phone. He was able to fix it himself and found that his skills were superior to many of the local repair shops. After this experience, he decided to open his own repair shop so he could help the residents of Aurora fix their phones.

Success Factors

Aurora Phone Repair will be able to achieve success by offering the following competitive advantages:

  • Skilled team of phone repair technicians who will be able to diagnose and repair a wide variety of phone issues in a timely manner.
  • Same-day appointments and quick repair services.
  • The founder has extensive experience repairing electronics and will only hire staff members who also have years of experience in the industry.
  • Competitive pricing along with several promotions and discounts.

Financial Highlights

Aurora Phone Repair is seeking $175,000 in debt financing to launch its phone repair business. The funding will be dedicated to securing the shop location and purchasing phone repair equipment and supplies. Funding will also be dedicated towards three months of overhead costs to include the payroll of the staff and marketing expenses. The breakout of the funding is below:

  • Phone repair shop build-out: $50,000
  • Equipment, supplies, and materials: $25,000
  • Three months of overhead expenses (payroll, utilities): $50,000
  • Marketing costs: $25,000
  • Working capital: $25,000

The following graph below outlines the pro forma financial projections for Aurora Phone Repair.

Aurora Phone Repair Pro Forma Financial Projections

Company Overview

Who is aurora phone repair.

Aurora Phone Repair is a cell phone repair business located in Aurora, IL dedicated to providing the best services in the industry. We can repair nearly any common phone damage or issue including screen repairs, battery replacements, and water damage repairs. We have the most experienced staff of professionals in the area and can even repair issues rejected by other phone repair shops. We are committed to providing our customers with the best possible service and only use the highest quality parts and tools to get the job done.

  Aurora Phone Repair is founded and run by Tim Bradshaw. Tim has been a phone and tech geek for years and has purchased several of the most popular and expensive phones on the market. A year ago, he broke his high-end phone and found that no repair shop was willing to fix it. He was able to repair it on his own and found that his skills exceeded those of local repair shops. That’s when he decided to open his own phone repair shop using his expertise in technology and extensive skill set in fixing electronics. With his skill and the right team, Tim expects his business will become the most popular phone repair business in the area in the next five years.

Aurora Phone Repair’s History

Upon surveying the local customer base and finding potential shop locations, Tim Bradshaw incorporated Aurora Phone Repair as an S-Corporation on August 1, 2023.

The business is currently being run out of Tim’s home office, but once the lease on the shop location is finalized, all operations will be run from there.

Since incorporation, Aurora Phone Repair has achieved the following milestones:

  • Found a potential location for the shop
  • Developed the company’s name, logo, and website
  • Created the list of services the company will provide
  • Determined equipment and inventory requirements
  • Began recruiting key employees

Aurora Phone Repair’s Services

Aurora Phone Repair is a one-stop shop for all of Aurora’s phone repair needs. We offer a wide range of services, including:

  • Screen repair
  • Battery replacement
  • Water damage repair
  • Charging port repair
  • Speaker repair
  • Microphone repair
  • Camera repair
  • Home button repair
  • Power button repair
  • Volume button repair
  • Back cover replacement

In addition to repairs, we sell a limited selection of phone accessories, including:

  • Phone cases
  • Screen protectors

Industry Analysis

The cell phone repair industry has experienced overall growth over the past several years. The main reason for this growth is due to inflation. The rising cost of phones is felt by everyone, no matter what model they choose. While simple smartphones cost about $200-300, a good phone will easily cost upwards of $1000. Inflation is making it much harder to replace phones, so many head to phone repair services to fix any issues and keep their phones working for as long as possible. This is further amplified by the staggering minimum wage and high unemployment rate.

Furthermore, though technology is getting more expensive, it is also becoming more replaceable. Many forms of technology begin to show problems within months or a few years of use. As such, many people replace their phones every few years or even yearly. However, many people cannot afford to do this so they either must settle for a less-than-optimal functioning phone or phone repair services.

According to UnivDatos, the Smartphone Repair Market was valued at $185 billion in 2020 and is expected to grow at a CAGR of 5% from now until 2027. This is moderate growth that shows there is demand for these services. As such, we expect that Aurora Phone Repair will be highly profitable over the next several years.

Customer Analysis

Demographic profile of target market, customer segmentation.

Aurora Phone Repair will primarily target the following customer profiles:

  • Individual cell phone owners
  • Lower and middle-class residents
  • Small businesses

Competitive Analysis

Direct and indirect competitors.

Aurora Phone Repair will face competition from other companies with similar business profiles. A description of each competitor company is below.

iFix is a cell phone repair company that offers extensive repairs for iPhones. They have a team of certified technicians who can repair any model of iPhone, including the earliest models. The team is highly experienced and is able to repair many issues that even Apple stores won’t resolve. iFix is particularly loved for their pricing, which is much more affordable than other iPhone repair services or purchasing a brand-new phone. Though they are extremely popular, since they only repair iPhones, they will only be a minor competitor for our target demographic.

UBreakIFix is a national chain of phone repair stores that offers same-day repairs for most types of phones. They have a team of certified technicians who can repair both hardware and software issues. UBreakIFix is known for its wide range of services, as well as its friendly and knowledgeable staff. The company is also known for its convenience, offering long hours and multiple locations. UBreakIFix will be our biggest competitor.

Mobile Phone Repair Services

Mobile Phone Repair Services is a local mobile phone repair company that offers repairs for all types of phones. They have a team of experienced technicians who can repair both hardware and software issues. They don’t have a shop location; instead, they offer mobile services to repair phones at customer’s homes or offices. Though these services are highly convenient, they also come with an extra cost. Those who have the time to visit a shop will prefer to save money by getting their phone repaired by Aurora Phone Repair.

Competitive Advantage

Aurora Phone Repair will be able to offer the following advantages over the competition:

  • Client-oriented service : Aurora Phone Repair is committed to providing client-oriented service that offers personalized repair services for every client.
  • Management : Tim Bradshaw has been extremely successful in repairing phones and other technology and will be able to use his previous experience to grant his clients extensive phone repair services. His unique qualifications will serve customers in a much more sophisticated manner than Aurora Phone Repair’s competitors.
  • Affordability : Many people who hire phone repair services do not have much disposable income. Otherwise, they would easily replace their broken phones with new ones. Aurora Phone Repair will offer all of its services at an affordable rate to ensure that our customers never break the bank to get their phones fixed.

Marketing Plan

Brand & value proposition.

Aurora Phone Repair will offer the unique value proposition to its clientele:

  • Reliable results in a timely manner for most repairs.
  • Competitive pricing and discounts for regular customers.
  • Knowledgeable and friendly staff.

Promotions Strategy

The promotions strategy for Aurora Phone Repair is as follows:

Social Media Marketing

The company will enlist the help of a marketing specialist to create accounts on social media platforms such as Linkedin, Twitter, Instagram, Facebook, TikTok, and YouTube. The marketing specialist will ensure Aurora Phone Repair maintains an active social media presence with regular updates and informative content.

Website/SEO Marketing

Aurora Phone Repair will create a company website. The website will be well organized, informative, and list all the services that Aurora Phone Repair is able to provide. The company’s marketing specialist will also manage the company’s website presence with SEO marketing tactics so that when someone types in a search engine “Aurora phone repair shop” or “phone repair shop near me,” Aurora Phone Repair will be listed at the top of the search results.

Word of Mouth/Referrals

Aurora Phone Repair will encourage word-of-mouth marketing from loyal and satisfied clients. The company will incentivize its existing customer base to encourage friends and colleagues to hire our services.

Print Advertising

Aurora Phone Repair will invest in professionally designed print ads to display in programs or flyers and to put in magazines, newspapers, and direct mailers.

The pricing of Aurora Phone Repair will be moderate and on par with competitors so customers feel they receive value when purchasing the company’s superior repair services.

Operations Plan

The operations plan for Aurora Phone Repair is as follows: Operation Functions:

  • Tim Bradshaw will be the owner of Aurora Phone Repair. He will run the general operations, help with repairs, and provide customer service. Tim will spend the next several months hiring the following staff:
  • Two to four part-time staff to help repair phones and provide customer service.
  • A part-time marketing specialist who will manage the marketing and promotional campaigns.
  • A part-time accountant who will manage all client invoicing, billing, and payables.

Milestones:

Aurora Phone Repair aims to open in the next six months. The following are the milestones needed in order to obtain this goal.

  • 9/1/2023 – Execute lease for prime location.
  • 9/15/2023 – Begin build out of repair shop location.
  • 10/1/2023 – Hire and train employees.
  • 10/15/2023 – Start social media marketing campaign
  • 11/1/2023 – Purchase initial inventory of equipment and supplies.
  • 11/15/2023 – Grand opening of Aurora Phone Repair.

Tim Bradshaw is the founder and CEO of Aurora Phone Repair. He started the company after his own phone broke and was unable to find a reliable and affordable repair service. Tim saw a need for a better phone repair experience and decided to fill it. He learned how to repair his own phone and then set out to start his own company. Tim is committed to staffing the company with the most experienced repair technicians in the area who can repair nearly any damaged phone they come across.

Though Tim has never run a company of his own, he has considerable experience in repairing and upgrading technology, so he can provide the primary functions of the company. He will hire several other staff who can help him with the aspects of the business he is unfamiliar with, such as marketing and accounting.

Financial Plan

Key revenue & costs.

The revenue drivers for Aurora Phone Repair are the fees charged to customers in exchange for the company’s phone repair services.

The cost drivers will be the overhead costs required in order to staff a phone repair shop. The expenses will be the payroll cost, utilities, phone repair equipment and supplies, and marketing materials.

Funding Requirements and Use of Funds

Key assumptions.

The following outlines the key assumptions required in order to achieve the revenue and cost numbers in the financials and pay off the startup business loan.

  • Average number of phones serviced per month: 150
  • Average cost per repair: $100
  • Overhead costs per year: $20,000

Financial Projections

Income statement, balance sheet, cash flow statement, cell phone repair business plan faqs, what is a cell phone repair business plan.

A cell phone repair business plan is a plan to start and/or grow your cell phone repair business. Among other things, it outlines your business concept, identifies your target customers, presents your marketing plan and details your financial projections.

You can easily complete your Cell Phone Repair business plan using our Cell Phone Repair Business Plan Template here .

What are the Main Types of Cell Phone Repair Businesses? 

There are a number of different kinds of cell phone repair businesses , some examples include: Mail-In Cell Phone Repair Service, Brick-and-Mortar Phone Repair Service, and White Label Cell Phone Repair.

How Do You Get Funding for Your Cell Phone Repair Business Plan?

Cell Phone Repair businesses are often funded through small business loans. Personal savings, credit card financing and angel investors are also popular forms of funding.

What are the Steps To Start a Cell Phone Repair Business?

Starting a cell phone repair business can be an exciting endeavor. Having a clear roadmap of the steps to start a business will help you stay focused on your goals and get started faster.

1. Develop A Cell Phone Repair Business Plan - The first step in starting a business is to create a detailed cell phone repair business plan that outlines all aspects of the venture. This should include potential market size and target customers, the services or products you will offer, pricing strategies and a detailed financial forecast. 

2. Choose Your Legal Structure - It's important to select an appropriate legal entity for your cell phone repair business. This could be a limited liability company (LLC), corporation, partnership, or sole proprietorship. Each type has its own benefits and drawbacks so it’s important to do research and choose wisely so that your cell phone repair business is in compliance with local laws.

3. Register Your Cell Phone Repair Business - Once you have chosen a legal structure, the next step is to register your cell phone repair business with the government or state where you’re operating from. This includes obtaining licenses and permits as required by federal, state, and local laws.

4. Identify Financing Options - It’s likely that you’ll need some capital to start your cell phone repair business, so take some time to identify what financing options are available such as bank loans, investor funding, grants, or crowdfunding platforms.

5. Choose a Location - Whether you plan on operating out of a physical location or not, you should always have an idea of where you’ll be based should it become necessary in the future as well as what kind of space would be suitable for your operations.

6. Hire Employees - There are several ways to find qualified employees including job boards like LinkedIn or Indeed as well as hiring agencies if needed – depending on what type of employees you need it might also be more effective to reach out directly through networking events.

7. Acquire Necessary Cell Phone Repair Equipment & Supplies - In order to start your cell phone repair business, you'll need to purchase all of the necessary equipment and supplies to run a successful operation.

8. Market & Promote Your Business - Once you have all the necessary pieces in place, it’s time to start promoting and marketing your cell phone repair business. This includes creating a website, utilizing social media platforms like Facebook or Twitter, and having an effective Search Engine Optimization (SEO) strategy. You should also consider traditional marketing techniques such as radio or print advertising. 

ProfitableVenture

Cell Phone Repair Business Plan [Sample Template]

By: Author Tony Martins Ajaero

Home » Business Plans » Technology Sector

Are you about starting a cell phone repair business? If YES, here is a complete sample cell phone repair business plan template & feasibility study you can use for FREE .

Cell phones are a very essential commodity that nearly every one owns. This is because of the need to keep in touch with people and be abreast with things. This is essentially one of the reasons why there has been the emergence of various cell phone companies.

These experts make sure that they come up with the best technology options for all those who buy their brand. There are times when phones may begin to pose a challenge. Those who already have gone to learn the ropes of how phones are repaired know the importance of solving all phone problems.

One of the ways which you are able to learn how to repair phones is by going to a skill school where you can learn the ropes as well as go to a business school where you can be taught how to manage a business.

A Sample Cell Phone Repair Business Plan Template

1. industry overview.

Cell phones are used for several purposes; basically, people make use of cell phone to keep in touch with their family members and friends and for conducting their businesses et al. Some people have more than one cell phone which are used for different purposes, such as for business and personal use.

Hence, the growing demand of cell phones has indeed open – up a profitable business opportunity cum industry for aspiring entrepreneurs all over the globe. Basically, the cell phones repair services industry repairs, service and maintains cell phones and tablets such as iPads or other similar telecommunication cum electronic devices.

Companies that operate in this industry include physical cell phones repair stores (brick-and-mortar stores) which allow customers to bring in their cell phones for repair and virtual cell phones repair stores (online cell phones repair stores) which allow customers to mail in devices that need repairs.

The Cell Phones Repair Services industry is an open industry hence a low level of market share concentration. Even though large multiservice agencies operate in the industry, revenue is also spread among thousands of small firms and freelancers.

As a matter of fact, no single cell phones repair company can account for more than 5.0 percent of the total revenue generated in the industry. This is the reason why smaller cell phones repair business accounts for a large percent of the players in the cell phones repair services industry.

The industry is still dominated by original equipment manufacturers (OEMs), which are companies that have their own services centers where customers can repair or replace the same products that they purchase from them.

In most cases, because of the warrantee that comes with the cell phones or any devices manufactured by these companies, it is cheaper for them to have their repair cum customer service centers in key cities where they have high market concentration. Such centers could be outsourced or fully managed by the manufacturing company.

Statistics has it that the Cell Phone Repair industry in the united states of America, is worth $4bn, with an estimated growth rate of 1.7 percent. There are about 8,117 legally registered cell phones repair businesses scattered across the United States of America and they are responsible for employing about 21,758 people.

No doubt everybody will quite agree that the cell phones repair services industry has come to stay and of course it is one industry that plays key roles not only in the business world, but also in almost all the aspect of what goes around in our world today as long as cell phones are involved and would need to be repaired, serviced or maintained.

Over and above, the cell phone repair service industry is very open to any aspiring entrepreneur who has acquired the required trainings, skills and perhaps professional certifications to start his or her own cell phones repair business can of course make good money from the industry.

2. Executive Summary

Ariel Cell Phones Repair Shop, LLC is a licensed and standard one stop cell phone repair shop. We have been able to secure a standard and well – positioned office facility in a central business district in Los Angeles – California. We are a cell phone repair company that is set to compete in the highly competitive cell phone repair services industry not only in Los Angeles – California, but also throughout the United States market.

Ariel Cell Phones Repair Shop, LLC will offer all aspect of cell phone repair services such as Repairing cell phones, Repairing smartphones, Repairing tablets, Screen repair, Water damage repair, Battery replacement, Cosmetic damage repair, and other cell phones repair and mobile apps related services.

Our business goal is to become one of the leading cell phone repair shops in Los Angeles and we will make sure that we do all we can to compete favorably with leaders in the industry including cell phone manufacturing companies that are also into cell phone repairs and servicing.

Our workers are going to be selected from a pool of certified and highly experienced cell phone repair engineers and technicians in and around Los Angeles – California and also from any part of the United States of America as the business grows.

We will make sure that we take all the members of our workforce through the required trainings that will position them to meet the expectation of the company and to compete with leading cell phone repair companies in the United States and throughout the globe.

At Ariel Cell Phones Repair Shop, LLC our client’s best interest will always come first, and everything we do will be guided by our values and professional ethics. We will ensure that we hold ourselves accountable to the highest standards by meeting our client’s needs precisely and completely.

We will cultivate a working environment that provides a human, sustainable approach to earning a living, and living in our world, for all our partners, employees and for our clients.

Ariel Cell Phones Repair Shop, LLC is founded by Engr. Donald Clinton a computer cum cell phone engineer per excellence who graduated with from Illinois Institute of Technology (B.Engr. Computer Engineering) and his friend and business partner for many years Kelvin Lindsay (B.Sc. Business Management).

They have a combine experience that can help them build Ariel Cell Phones Repair Shop, LLC to favorably compete with other leading cell phone repair businesses in the United States of America.

3. Our Products and Services

Much more than being in the repair service business, we will offer some cell phone products that will help maximize the phones. Ariel Cell Phones Repair Shop, LLC was established with the aim of maximizing profits in the cell phone repair services industry.

We want to compete favorably with the leading cell phone repair companies in the United States which is why we have but in place a competent quality assurance team that will ensure that every repair jobs carried out or related services rendered meet and even surpass our customers’ expectations.

We will work hard to ensure that Ariel Cell Phones Repair Shop, LLC is not just accepted in Los Angeles – California but also in other cities in the United States of America where we intend opening our outlets. Our products and services are listed below:

  • Repairing cell phones
  • Repairing smartphones
  • Repairing tablets
  • Screen repair
  • Water damage repair
  • Battery replacement
  • Cosmetic damage repair
  • Other cell phones repair and mobile apps related services

4. Our Mission and Vision Statement

  • Our vision is to establish a standard and world class cell phone repair company whose services and brand will not only be accepted in Los Angeles California but also in other cities in the United States of America.
  • Our mission is to provide professional cell phone repair services and other related services that will assist cell phones, smart phones and tablets owners in ensuring that their mobile gadgets are always in good shape to help them communicate with their family and friends and also carry out their business.
  • We want to build a cell phone repair company that can favorably compete with other leading brands in the cell phone repair services industry.

Our Business Structure

Ariel Cell Phones Repair Shop, LLC, is a cell phone repair company that intends to start small in Los Angeles, but hope to grow big in order to compete favorably with leading cell phone repair companies in the industry both in the United States and on a global stage.

We are aware of the importance of building a solid business structure that can support the picture of the kind of world class business we want to own. This is why we are committed to only hire the best hands within our area of operations.

At Ariel Cell Phones Repair Shop, LLC, we will ensure that we hire people who are qualified, hardworking, creative, customer centric and are ready to work to help us build a prosperous business that will benefit all the stake holders (the owners, workforce, and customers).

As a matter of fact, profit-sharing arrangement will be made available to all our senior management staff and it will be based on their performance for a period of five years or more as agreed by the board of trustees of the company. In view of the above, we have decided to hire qualified and competent hands to occupy the following positions;

  • Chief Executive Officer
  • Head, Technical Services
  • Human Resources and Admin Manager
  • Sales and Marketing Executive
  • Cell Phones Repair and Maintenance Engineers and Technicians (10)

Client Service Executive

5. Job Roles and Responsibilities

Chief Executive Officer – CEO:

  • Increases management’s effectiveness by recruiting, selecting, orienting, training, coaching, counseling, and disciplining managers; communicating values, strategies, and objectives; assigning accountabilities; planning, monitoring, and appraising job results; developing incentives; developing a climate for offering information and opinions; providing educational opportunities.
  • Responsible for providing direction for the business
  • Creates, communicates, and implements the organization’s vision, mission, and overall direction – i.e. leading the development and implementation of the overall organization’s strategy.
  • Responsible for signing checks and documents on behalf of the company
  • Evaluates the success of the organization

Head, Technical Services:

  • Serves as project manager of the organization; works directly with employees
  • Develops strategic plan by studying technological and financial opportunities; presenting assumptions; recommending objectives.
  • Accomplishes subsidiary objectives by establishing plans, budgets, and results measurements; allocating resources; reviewing progress; making mid-course corrections.
  • Coordinates efforts by establishing procurement, production, marketing, field, and technical services policies and practices; coordinating actions with corporate staff.
  • Builds company image by collaborating with customers, government, community organizations, and employees; enforcing ethical business practices.
  • Maintains quality service by establishing and enforcing organization standards.
  • Maintains professional and technical knowledge by attending educational workshops; reviewing professional publications; establishing personal networks; benchmarking state-of-the-art practices; participating in professional societies.
  • Makes certain that the technical department perform efficiently, coordinate employee efforts, and facilitate communications between management and cell phones repairs and maintenance engineers and technicians
  • Ensures that the organization work in line with international best practices.

Admin and HR Manager

  • Responsible for overseeing the smooth running of HR and administrative tasks for the organization
  • Maintains office supplies by checking stocks; placing and expediting orders; evaluating new products.
  • Ensures operation of equipment by completing preventive maintenance requirements; calling for repairs.
  • Updates job knowledge by participating in educational opportunities; reading professional publications; maintaining personal networks; participating in professional organizations.
  • Enhances department and organization reputation by accepting ownership for accomplishing new and different requests; exploring opportunities to add value to job accomplishments.
  • Defining job positions for recruitment and managing interviewing process
  • Carrying out staff induction for new team members
  • Responsible for training, evaluation and assessment of employees
  • Responsible for arranging travel, meetings and appointments
  • Oversee the smooth running of the daily office activities.

Sales and Marketing Manager

  • Manage external research and coordinate all the internal sources of information to retain the organizations’ best customers and attract new ones
  • Model demographic information and analyze the volumes of transactional data generated by customer
  • Identifies development opportunities; follows up on development leads and contacts; participates in the structuring and financing of projects; assures the completion of development projects.
  • Writing winning proposal documents, negotiate fees and rates in line with organizations’ policy
  • Responsible for handling business research, market surveys and feasibility studies for clients
  • Responsible for supervising implementation, advocate for the customer’s needs, and communicate with clients
  • Develops, executes and evaluates new plans for expanding increase sales
  • Creates new markets cum businesses for the organization
  • Empowers and motivates the sales team to meet and surpass agreed targets

Accountant / Cashier:

  • Responsible for preparing financial reports, budgets, and financial statements for the organization
  • Provides managements with financial analyses, development budgets, and accounting reports; analyzes financial feasibility for the most complex proposed projects; conducts market research to forecast trends and business conditions.
  • Responsible for financial forecasting and risks analysis.
  • Performs cash management, general ledger accounting, and financial reporting for one or more properties.
  • Responsible for developing and managing financial systems and policies
  • Responsible for administering payrolls
  • Ensures compliance with taxation legislation
  • Handles all financial transactions for Ariel Cell Phones Repair Shop, LLC
  • Serves as internal auditor for Ariel Cell Phones Repair Shop, LLC.

Cell Phones Repair and Maintenance Engineers (2) and Technicians (8)

  • Responsible for Repairing cell phones
  • Responsible for Repairing smartphones
  • Responsible for Repairing tablets
  • Responsible for Screen repair
  • Handle Water damage repair
  • Handle Battery replacement
  • Handle Cosmetic damage repair
  • Handle any other cell phones repair and mobile apps related services
  • Welcomes clients and potential clients by greeting them in person or on the telephone; answering or directing inquiries.
  • Ensures that all contacts with clients (e-mail, walk-In center, SMS or phone) provides the client with a personalized customer service experience of the highest level
  • Through interaction with clients on the phone, uses every opportunity to build client’s interest in the company’s products and services
  • Manages administrative duties assigned by the creative director in an effective and timely manner
  • Consistently stays abreast of any new information on the organizations’ products, promotional campaigns etc. to ensure accurate and helpful information is supplied to clients when they make enquiries .

6. SWOT Analysis

We are aware that for any business to be seen as a force to be reckoned with in the market there has to be a high level of acquaintance about the areas of strengths and weaknesses.

Ariel Cell Phones Repair Shop, LLC engaged the services of a core professional in the area of business consulting and structuring to assist our organization in building a well – structured cell phone repair business that can favorably compete in the highly competitive cell phones repair service industry in the United States and the world at large.

Part of what the team of business consultant did was to work with the management of our organization in conducting a comprehensive SWOT analysis for Ariel Cell Phones Repair Shop, LLC. Here is a summary from the result of the SWOT analysis that was conducted on behalf of Ariel Cell Phones Repair Shop, LLC:

Our core strength lies in the power of our team; our workforce. We have a team of certified and highly trained and experience cell phones repair engineers and technicians, a team with excellent qualifications and experience in various niche areas in the cell phones repair service industry.

Aside from the synergy that exists in our carefully selected workforce, our services will be guided by best practices in the industry.

As a new cell phones repair company in Los Angeles – California, it might take some time for our organization to break into the market and gain acceptance especially from top profile clients in the already saturated and highly competitive cell phones repair services industry; that is perhaps our major weakness.

Another weakness is that we may not have the required cash to pump into promoting our business the way we would want to.

  • Opportunities:

There are lots of opportunities available in the very competitive cell phone repair business in America. No doubt, the opportunities in the cell phones repair services industry is massive considering the number of individuals who owns cell phones and other mobile communication devices and also those whose businesses depends on cell phones and other mobile communication devices. As a cell phone repair company, we are ready to take advantage of any opportunity that is available in the industry.

There isn’t a business that isn’t faced with challenges because all business at point or the other is faced with the threat situation. Hence, just like any other business, one of the major threats that we are likely going to face is economic downturn.

It is a fact that economic downturn affects purchasing / spending power. Another threat that may likely confront us is the arrival of a new cell phone repair company in same location where our target market exist and who may want to adopt same Business model like us.

7. MARKET ANALYSIS

  • Market Trends

The Cell Phone Repair industry has experienced strong growth during the past decade as Smartphone and tablet usage has increased. With the rising popularity of expensive but fragile smartphones, there is indeed a major revenue boost for the industry.

One challenge that might confront players in the this industry is that in the coming years, rapid technological change, the falling price of cell phones and of course rising family and individual incomes are expected to encourage the replacement of mobile devices as against repairing them when they are damaged.

It is obvious that the Cell Phone Repair industry is highly fragmented and small businesses are known to dominate the industry. There are a large number of small companies and non – employers in the industry specializing in cell phone repair services that operate independently and are targeted to serve a small geographic region.

The industry concentration has remained very stable in the last five years, despite the fact that cell phone repair services are generally owned by small, independent operators. Lastly, the cell phones repair services industry will continue to evolve due to the advancement of cell phones technology that makes it to fragile especially the screens.

8. Our Target Market

We are aware that with the right words out there, we will be able to attract all our potential clients within a short period of starting our cell phones repair business in Los Angeles – California. Therefore, we conducted a market survey and feasibility studies and we are certain that there is a wide range of both corporate and individual clients who would need our services from time to time.

In view of that, we have created strategies that will enable us reach out to various corporate organizations and individual who we know can’t afford to do without our services. Below is a list of the people and organizations that we have specifically market our services to;

  • Every individual who owns cell phones within our target locations
  • Every individual who owns smart phones within our target locations
  • Every individual who owns tablets et al with our target locations
  • Corporate organization that make use of cell phones, smart phones and tablets to run their businesses.

Our Competitive Advantage

Surviving in the business world as a cell phone repair company requires more than, your expertise, knowing how to deliver standard repairs and maintenance but also how to network with key people that matters; decision makers that can decide who will get a cell phone supply, repair and maintenance contract.

Without a shadow of doubt, there are loads of big time investors (Cell Phones Manufacturing Companies), that have a stake in the cell phones repair services industry; but one thing is certain, there is room big enough to accommodate both the big cell phones repair companies and the small cell phones repair companies.

What smaller cell phones repair companies need to do to survive in the industry is to concentrate on providing cell phones repair, maintenance and installation services to households, individuals, estates, communities, schools, hospitals and hotels et al before bidding for big cell phones supply, repair and maintenance contracts from corporations and government agencies that operate CUG.

We are quite aware that to be highly competitive in the cell phone repair services industry means that you are not only expected to be able to deliver consistent and highly reliable cell phones repair and maintenance jobs, but you must be able to meet set targets.

No one would want to continue to hire your services if don’t always meet up with the target date of completion of projects.

Our competitive advantage lies in the power of our team; our workforce. We have a team of certified and highly trained and experience cell phones repair engineers and technicians, a team with excellent qualifications and experience in various niche areas in the cell phones repair service industry.

Lastly, all our employees will be well taken care of, and their welfare package will be among the best within our category (startups cell phones repair businesses in the United States) in the industry. It will enable them to be more than willing to build the business with us and help deliver our set goals and achieve all our business aims and objectives.

9. SALES AND MARKETING STRATEGY

  • Sources of Income

When the issue of funding comes to mind, pone of the things that accompanies that thought is where to get the startup funds from.

Ariel Cell Phones Repair Shop, LLC is established with the aim of maximizing profits in the cell phone repair services industry and we are going to go all the way to ensure that we do all it takes to meet and surpass the expectations of all our clients. Ariel Cell Phones Repair Shop, LLC will generate income by offering the following cell phones repair related services;

10. Sales Forecast

One thing is certain, there would always be cell phones, smart phones and tablets owners who would need the services of cell phones repair companies whenever their devices get damaged or stop working.

We are well positioned to take on the available market in cell phone repair services industry and we are quite optimistic that we will meet our set target of generating enough income / profits from the first six month of operations and grow our cell phones repair company to enviable heights.

We have been able to critically examine the cell phones repair market and we have analyzed our chances in the industry and we have been able to come up with the following sales forecast. The sales projection is based on information gathered on the field and some assumptions that are peculiar to similar startups in Los Angeles – California.

Below is the sales projection for Ariel Cell Phones Repair Shop, LLC, it is based on the location of our business and of course the wide range of our services and target market;

  • First Year-: $150,000
  • Second Year-: $250,000
  • Third Year-: $500,000

N.B : This projection is done based on what is obtainable in the industry and with the assumption that there won’t be any major economic meltdown and there won’t be any major competitor offering same cell phone repair services as we do within same location. Please note that the above projection might be lower and at the same time it might be higher.

  • Marketing Strategy and Sales Strategy

We are not going to take lightly advertisement. This is because we are mindful of the fact that there is stiffer competition in the cell phones repair services industry, hence we have been able to hire some of the best marketing experts to handle our sales and marketing.

Our sales and marketing team will be recruited based on their vast experience in the cell phones repair services industry and they will be trained on a regular basis so as to be well equipped to meet their targets and the overall business goal of Ariel Cell Phones Repair Shop, LLC.

Our corporate goal is to grow Ariel Cell Phones Repair Shop, LLC to become one of the top 10 cell phones repair services brands in the United States of America which is why we have mapped out strategy that will help us take advantage of the available market and grow to become a major force to reckon with not only in Los Angeles – California but also in other cities in the United States of America where we intend opening our outlets.

Ariel Cell Phones Repair Shop, LLC is set to make use of the following marketing and sales strategies to attract clients;

  • Introduce our cell phones repair company by sending introductory letters alongside our brochure to individuals, corporate organizations and key stake holders.
  • Advertise our business in relevant business magazines, newspapers, TV stations, and radio station.
  • List our business on yellow pages ads (local directories)
  • Attend relevant international and local expos, seminars, and business fairs et al
  • Create different packages for different category of clients in order to work with their budgets and still deliver excellent services
  • Leverage on the internet to promote our business
  • Engage direct marketing approach
  • Encourage word of mouth marketing from loyal and satisfied clients

11. Publicity and Advertising Strategy

We have been able to work with our brand and publicity consultants to help us map out publicity and advertising strategies that will help us walk our way into the heart of our target market.

We are set to become the number one choice for both corporate clients and individual clients in the whole of Los Angeles and beyond which is why we have made provisions for effective publicity and advertisement of our cell phones repair and maintenance company. Below are the platforms we intend to leverage on to promote and advertise Ariel Cell Phones Repair Shop, LLC;

  • Place adverts on both print (newspapers and magazines) and electronic media platforms
  • Sponsor relevant community based events / programs
  • Leverage on the internet and social media platforms like; Instagram, Facebook , twitter, YouTube, Google + et al to promote our services
  • Install our Bill Boards on strategic locations all around Los Angeles – California
  • Engage in road show from time to time in targeted neighborhoods
  • Distribute our fliers and handbills in target areas
  • Contact corporate organizations by calling them up and informing them of Ariel Cell Phones Repair Shop, LLC and the services we offer
  • List our cell phones repair and maintenance company in local directories / yellow pages
  • Advertise our cell phones repair and Maintenance Company in our official website and employ strategies that will help us pull traffic to the site.
  • Ensure that all our staff members wear our branded shirts and all our vehicles are well branded with our company logo et al.

12. Our Pricing Strategy

At Ariel Cell Phones Repair Shop, LLC we will keep the prices of our services below the average market rate for all of our customers by keeping our overhead low and by collecting payment in advance especially from corporate organizations who would hire our services. In addition, we will also offer special discounted rates to all our customers at regular intervals.

We are aware that there are some one – off jobs from corporate organizations or government contracts like cell phones, smart phones and tablets supply, repair and maintenance which are always lucrative, we will ensure that we abide by the pricing model that is expected from contractors or organizations that bid for such contracts.

  • Payment Options

We want to give pour clients an all-round experience, where we wouldn’t be found wanting for any reason. At Ariel Cell Phones Repair Shop, LLC, our payment policy will be all inclusive because we are quite aware that different people prefer different payment options as it suits them. Here are the payment options that we will make available to our clients;

  • Payment by via bank transfer
  • Payment via online bank transfer
  • Payment via check
  • Payment via bank draft
  • Payment via mobile money
  • Payment with cash

In view of the above, we have chosen banking platforms that will help us achieve our plans with little or no itches.

13. Startup Expenditure (Budget)

In setting up any business, the amount or cost will depend on the approach and scale you want to undertake. If you intend to go big by renting a place, then you would need a good amount of capital as you would need to ensure that your employees are well taken care of, and that your facility is conducive enough for workers to be creative and productive.

This means that the start-up can either be low or high depending on your goals, vision and aspirations for your business. Also we plan to work hard so that we can give our clients the best low prices ever. The tools and equipment that will be used are nearly the same cost everywhere, and any difference in prices would be minimal and can be overlooked.

As for the detailed cost analysis for starting a standard cell phones repair and maintenance company; it might differ in other countries due to the value of their money. However, this is what it would cost us to setup Ariel Cell Phones Repair Shop, LLC in the United of America;

  • Business incorporating fees in the United States of America will cost – $750.
  • The budget for Liability insurance, permits and license will cost – $3,500
  • Acquiring an office space or warehouse that will accommodate the number of employees for at least 6 months (Re – Construction of the facility inclusive) will cost – $100,000.
  • The amount required to purchase the needed software apps, tool box and repair equipment for cell phones and other mobile communications device – $15,000
  • Equipping the office (computers, printers, projectors, markers, servers / internet facility, furniture, telephones, filing cabinets, and electronics) will cost – $10,000
  • Amount required to purchase the needed software applications – $ 3,500
  • Launching an official Website will cost – $500
  • Amount need to pay bills and staff members for at least 2 to 3 months – $70,000
  • Additional Expenditure such as Business cards, Signage, Adverts and Promotions will cost – $5,000

Going by the report from the market research and feasibility studies conducted, we will need about two hundred and fifty thousand (250,000) U.S. dollars to successfully set – up a large scale and standard cell phone repair and maintenance company in the United States of America.

Generating Funding / Startup Capital for Ariel Cell Phones Repair Shop, LLC

Ariel Cell Phones Repair Shop, LLC is a business that will be owned and managed by Engr. Donald Trump and his friend and business partner for many years Kelvin Lindsay. They are the sole financial of the business which is why they decided to restrict the sourcing of the start – up capital for the business to just three major sources.

These are the areas we intend generating our start – up capital;

  • Generate part of the start – up capital from personal savings and sale of his stocks
  • Generate part of the start – up capital from friends and other extended family members
  • Generate a larger chunk of the startup capital from the bank (loan facility).

N.B: We have been able to generate about $100,000 (Personal savings $70,000 and soft loan from family members $30,000) and we are at the final stages of obtaining a loan facility of $150,000 from our bank. All the papers and document has been duly signed and submitted, the loan has been approved and any moment from now our account will be credited.

14. Sustainability and Expansion Strategy

The future of a business lies in the numbers of loyal customers that they have the capacity and competence of the employees, their investment strategy and the business structure. If all of these factors are missing from a business (company), then it won’t be too long before the business close shop.

One of our major goals of starting Ariel Cell Phones Repair Shop, LLC is to build a business that will survive off its own cash flow without the need for injecting finance from external sources once the business is officially running.

We know that one of the ways of gaining approval and winning customers over is to offer our cell phone repair and maintenance services a little bit cheaper than what is obtainable in the market and we are well prepared to survive on lower profit margin for a while.

Ariel Cell Phones Repair Shop, LLC will make sure that the right foundation, structures and processes are put in place to ensure that our staff welfare is well taken of. Our company’s corporate culture is designed to drive our business to greater heights and training and re – training of our workforce is at the top burner.

As a matter of fact, profit-sharing arrangement will be made available to all our management staff and it will be based on their performance for a period of three years or more. We know that if that is put in place, we will be able to successfully hire and retain the best hands we can get in the industry; they will be more committed to help us build the business of our dreams.

Check List / Milestone

  • Business Name Availability Check:>Completed
  • Business Incorporation: Completed
  • Opening of Corporate Bank Accounts various banks in the United States: Completed
  • Opening Online Payment Platforms: Completed
  • Application and Obtaining Tax Payer’s ID: In Progress
  • Securing a standard office facility for our workshop: Completed
  • Application for business license and permit: Completed
  • Purchase of All form of Insurance for the Business: Completed
  • Conducting Feasibility Studies: Completed
  • Generating part of the start – up capital from the founders: Completed
  • Writing of Business Plan: Completed
  • Drafting of Employee’s Handbook: Completed
  • Drafting of Contract Documents: In Progress
  • Design of Logo for the business: Completed
  • Secure trademark for our products: In Progress
  • Graphic Designs and Printing of Packaging Marketing / Promotional Materials: Completed
  • Recruitment of employees: In Progress
  • Purchase of the needed mobile software apps, tool box and other repair equipment
  • Purchase of the Needed furniture, office equipment, software applications, electronic appliances and facility facelift: In Progress
  • Creating Official Website for the business: In Progress
  • Creating Awareness for the business: In Progress
  • Health and Safety and Fire Safety Arrangement: In Progress
  • Establishing business relationship with vendors and key players in various industries: In Progress

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Cell Phone Repair Business Plan Template

Written by Dave Lavinsky

cell phone repair business plan template

Cell Phone Repair Business Plan

Over the past 20+ years, we have helped over 1,000 entrepreneurs and business owners create business plans to start and grow their cell phone repair businesses. On this page, we will first give you some background information with regards to the importance of business planning. We will then go through a cell phone repair business plan template step-by-step so you can create your plan today.

Download our Ultimate Business Plan Template here >

What Is a Business Plan?

A business plan provides a snapshot of your cell phone repair business as it stands today, and lays out your growth plan for the next five years. It explains your business goals and your strategy for reaching them. It also includes market research to support your plans.

Why You Need a Business Plan

If you’re looking to start a cell phone repair business, or grow your existing cell phone repair business, you need a business plan. A business plan will help you raise funding, if needed, and plan out the growth of your cell phone repair business in order to improve your chances of success. Your cell phone repair business plan is a living document that should be updated annually as your company grows and changes.

Sources of Funding for Cell Phone Repair Businesses

With regards to funding, the main sources of funding for a cell phone repair business are personal savings, credit cards, bank loans and angel investors. With regards to bank loans, banks will want to review your business plan and gain confidence that you will be able to repay your loan and interest. To acquire this confidence, the loan officer will not only want to confirm that your financials are reasonable, but they will also want to see a professional plan. Such a plan will give them the confidence that you can successfully and professionally operate a business. Personal savings and bank loans are the most common funding paths for cell phone repair businesses.

Finish Your Business Plan Today!

How to write a business plan for a cell phone repair business.

If you want to start a cell phone repair business or expand your current one, you need a business plan. Below are links to each section of your cell phone repair business plan template:

Executive Summary

Your executive summary provides an introduction to your business plan, but it is normally the last section you write because it provides a summary of each key section of your plan.

The goal of your Executive Summary is to quickly engage the reader. Explain to them the type of cell phone repair business you are operating and the status. For example, are you a startup, do you have a cell phone repair business that you would like to grow, or are you operating cell phone repair businesses in multiple markets?

Next, provide an overview of each of the subsequent sections of your plan. For example, give a brief overview of the cell phone repair industry. Discuss the type of cell phone repair business you are operating. Detail your direct competitors. Give an overview of your target customers. Provide a snapshot of your marketing plan. Identify the key members of your team. And offer an overview of your financial plan.  

Company Analysis

In your company analysis, you will detail the type of cell phone repair business you are operating.

For example, you might operate one of the following types of cell phone repair businesses:

  • Mail-In Cell Phone Repair Service: this type of cell phone repair business allows people to mail their phones in to be repaired, and then mails them back once they are fixed.
  • Brick-and-Mortar Phone Repair Service: this type of cell phone repair business occupies its own retail location where customers can bring their broken cell phones in person and pick them up in person as well.
  • White Label Cell Phone Repair: this type of business provides cell phone repair services to companies that want to provide phone repair services to their customers under their own business name.

In addition to explaining the type of cell phone repair business you will operate, the Company Analysis section of your business plan needs to provide background on the business.

Include answers to question such as:

  • When and why did you start the business?
  • What milestones have you achieved to date? Milestones could include the number of customers served, number of positive reviews, total number of phones fixed, etc.
  • Your legal structure. Are you incorporated as an S-Corp? An LLC? A sole proprietorship? Explain your legal structure here.

Industry Analysis

In your industry analysis, you need to provide an overview of the cell phone repair industry.

While this may seem unnecessary, it serves multiple purposes.

First, researching the cell phone repair industry educates you. It helps you understand the market in which you are operating.

Secondly, market research can improve your strategy, particularly if your research identifies market trends.

The third reason for market research is to prove to readers that you are an expert in your industry. By conducting the research and presenting it in your plan, you achieve just that.

The following questions should be answered in the industry analysis section of your cell phone repair business plan:

  • How big is the cell phone repair industry (in dollars)?
  • Is the market declining or increasing?
  • Who are the key competitors in the market?
  • Who are the key suppliers in the market?
  • What trends are affecting the industry?
  • What is the industry’s growth forecast over the next 5 – 10 years?
  • What is the relevant market size? That is, how big is the potential market for your cell phone repair business? You can extrapolate such a figure by assessing the size of the market in the entire country and then applying that figure to your local population.

Customer Analysis

The customer analysis section of your cell phone repair business plan must detail the customers you serve and/or expect to serve.

The following are examples of customer segments: electronics stores, digital native cell phone users and older cell phone users.

As you can imagine, the customer segment(s) you choose will have a great impact on the type of cell phone repair business you operate. Clearly, digital natives would respond to different marketing promotions than older cell phone users, for example.

Try to break out your target customers in terms of their demographic and psychographic profiles. With regards to demographics, include a discussion of the ages, genders, locations (if applicable) and income levels of the customers you seek to serve. Because many cell phone repair businesses serve customers living in their same city or town, this type of demographic information is easy to find on government websites.

Psychographic profiles explain the wants and needs of your target customers. The more you can understand and define these needs, the better you will do in attracting and retaining your customers.

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Competitive Analysis

Your competitive analysis should identify the indirect and direct competitors your business faces and then focus on the latter.

Direct competitors are other cell phone repair businesses.

Indirect competitors are other options that customers have to purchase from that aren’t direct competitors. This includes cell phone insurance vendors, cell phone retail stores, cell phone manufacturers, and electronics stores. You need to mention such competition as well.

With regards to direct competition, you want to describe the other cell phone repair businesses with which you compete. Most likely, your direct competitors will be cell phone repair businesses located very close to your location.

For each such competitor, provide an overview of their businesses and document their strengths and weaknesses. Unless you once worked at your competitors’ businesses, it will be impossible to know everything about them. But you should be able to find out key things about them such as:

  • What types of customers do they serve?
  • What types of cell phones do they repair?
  • What is their pricing (premium, low, etc.)?
  • What are they good at?
  • What are their weaknesses?

With regards to the last two questions, think about your answers from the customers’ perspective. And don’t be afraid to ask your competitors’ customers what they like most and least about them.

The final part of your competitive analysis section is to document your areas of competitive advantage. For example:

  • Will you provide better repair services?
  • Will you provide services that your competitors don’t offer?
  • Will you provide better customer service?
  • Will you offer better pricing?

Think about ways you will outperform your competition and document them in this section of your plan.  

Marketing Plan

Traditionally, a marketing plan includes the four P’s: Product, Price, Place, and Promotion. For a cell phone repair business plan, your marketing plan should include the following:

Product : In the product section, you should reiterate the type of cell phone repair company that you documented in your Company Analysis. Then, detail the specific products you will be offering. For example, in addition to cell phone repair, will you provide tablet repair or any other services?

Price : Document the prices you will offer and how they compare to your competitors. Essentially in the product and price sub-sections of your marketing plan, you are presenting the services you offer and their prices.

Place : Place refers to the location of your cell phone repair company. Document your location and mention how the location will impact your success. For example, is your cell phone repair business located in a busy retail district, shopping plaza, mall, etc. Discuss how your location might be the ideal location for your customers.

Promotions : The final part of your cell phone repair marketing plan is the promotions section. Here you will document how you will drive customers to your location(s). The following are some promotional methods you might consider:

  • Advertising in local papers and magazines
  • Reaching out to local websites
  • Social media marketing
  • Local radio advertising

Operations Plan

While the earlier sections of your business plan explained your goals, your operations plan describes how you will meet them. Your operations plan should have two distinct sections as follows.

Everyday short-term processes include all of the tasks involved in running your cell phone repair business, including repairing phones, speaking with customers, point-of-sale service, and marketing.

Long-term goals are the milestones you hope to achieve. These could include the dates when you expect to repair your 1,000th phone, or when you hope to reach $X in revenue. It could also be when you expect to expand your cell phone repair business to a new city.  

Management Team

To demonstrate your cell phone repair business’ ability to succeed, a strong management team is essential. Highlight your key players’ backgrounds, emphasizing those skills and experiences that prove their ability to grow a company.

Ideally you and/or your team members have direct experience in managing cell phone repair businesses. If so, highlight this experience and expertise. But also highlight any experience that you think will help your business succeed.

If your team is lacking, consider assembling an advisory board. An advisory board would include 2 to 8 individuals who would act like mentors to your business. They would help answer questions and provide strategic guidance. If needed, look for advisory board members with experience in managing cell phone repair businesses or successfully running small businesses.  

Financial Plan

Your financial plan should include your 5-year financial statement broken out both monthly or quarterly for the first year and then annually. Your financial statements include your income statement, balance sheet and cash flow statements.

Income Statement : an income statement is more commonly called a Profit and Loss statement or P&L. It shows your revenues and then subtracts your costs to show whether you turned a profit or not.

In developing your income statement, you need to devise assumptions. For example, will you repair 100 phones per month or per quarter? And will sales grow by 2% or 10% per year? As you can imagine, your choice of assumptions will greatly impact the financial forecasts for your business. As much as possible, conduct research to try to root your assumptions in reality.

Balance Sheets : Balance sheets show your assets and liabilities. While balance sheets can include much information, try to simplify them to the key items you need to know about. For instance, if you spend $50,000 on building out your cell phone repair business, this will not give you immediate profits. Rather it is an asset that will hopefully help you generate profits for years to come. Likewise, if a bank writes you a check for $50,000, you don’t need to pay it back immediately. Rather, that is a liability you will pay back over time.

Cash Flow Statement : Your cash flow statement will help determine how much money you need to start or grow your business, and make sure you never run out of money. What most entrepreneurs and business owners don’t realize is that you can turn a profit but run out of money and go bankrupt.

In developing your Income Statement and Balance Sheets be sure to include several of the key costs needed in starting or growing a cell phone repair business:

  • Location build-out including design fees, construction, etc.
  • Cost of equipment and supplies
  • Payroll or salaries paid to staff
  • Business insurance
  • Taxes and permits
  • Legal expenses

Attach your full financial projections in the appendix of your plan along with any supporting documents that make your plan more compelling. For example, you might include your office location lease or descriptions of phone repairs you are working on.  

Putting together a business plan for your cell phone repair is a worthwhile endeavor. If you follow the template above, by the time you are done, you will truly be an expert. You will really understand the cell phone repair industry, your competition, and your customers. You will have developed a marketing plan and will really understand what it takes to launch and grow a successful cell phone repair business.  

Cell Phone Repair Business Plan FAQs

What is the easiest way to complete my cell phone repair business plan.

Growthink's Ultimate Business Plan Template allows you to quickly and easily complete your Cell Phone Repair Business Plan.

What is the Goal of a Business Plan's Executive Summary?

The goal of your Executive Summary is to quickly engage the reader. Explain to them the type of cell phone repair business you are operating and the status; for example, are you a startup, do you have a cell phone repair business that you would like to grow, or are you operating a chain of cell phone repair businesses?

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Other Helpful Business Plan Articles & Templates

Business Plan Template & Guide For Small Businesses

How to Start a 7-Figure Cell Phone Repair Business (2024)

Norm Tedford

  • 4 years ago

phone repair business

This article is all about starting a cell phone repair business that’ll blow all the other repair shops out of the water. Once you start your repair business, you’ll be able to tap into this lucrative customer base. 

And then, as far as earning potential goes, THE SKY’S THE LIMIT! 

To ensure that this article contains the most up-to-date information about cell phone repair, I talked to Joe Pilat, of Joe’s Gaming & Electronics located in Deming, Washington. He owns a business that buys, sells, and repairs brand name electronics—including cell phones.

The name of his business is Joe’s Gaming & Electronics. In just three short years, he turned his business into a multimillion-dollar empire with 30 employees.  Here’s a photo of him and his team: 

Capture 2

Joe’s Story 

Joe began his entrepreneurial journey eight years ago. That’s when a buddy of his gifted him a Game Cube. He tried to sell it to Game Stop, but they only offered him a measly five bucks for it. Joe knew he could get more than this pathetic amount. So, he went home and created an Amazon account to sell the game console. 

Joe quickly found a willing buyer. Although he lost money on the deal because shipping cost him more than he made, Joe still got more than he would have at Game Stop. That single transaction turned him into a raving eCommerce addict.

This utterly transformed his life!

Next, he bought a whole bunch of Nintendo merchandise on Craigslist. That led to him buying more stuff he could flip for cash. His cell phone started blowing up with endless payment notifications, and he soon had a highly profitable business on his hands.

Within two years, he was able to quit his day job. He also dropped out of college, because the experience of selling consumer electronics provided him a real-life educational opportunity college could never compete with. 

Starting a cell phone repair business really isn’t that complicated. 

You just need the right tools, some basic repair skills, and a killer marketing strategy. 

So, what are you waiting for? Let’s get started, so that you too can follow the exact same steps Joe followed to create his own multimillion-dollar cell phone repair business! If you want to watch our interview with Joe, you can do so right here : 

business plan for cell phone repair shop

Follow this step-by-step guide to get more information.

Step 1: Come up with a cell phone repair business plan. 

Joe didn’t follow this step. When I asked him about it, he said:

However, you might want to make sure you create one. A business plan takes a vague idea floating around in your head and gives it solidity. It helps ensure that your business model is a viable one. It can be a formalized, highly complex document. Or, it can be a short, outline scribbled on the back of an old envelope. 

Here’s what one looks like: 

Business plan making for phone repair business

Start by figuring out who you’re writing it for. If you’re pitching for investors, include things like return on investment and your exit strategy. If it’s for your own use, you can leave this stuff out. 

Here are some of the sections you might want to make sure you have for your cell phone repair business: 

  • EXECUTIVE SUMMARY: This is an expanded version of your elevator pitch, and lists all the reasons you’re writing your business plan. The executive summary is the first thing interested parties will see, but it will be the very last thing you write. Readers will either be captivated by your idea and want to read the rest of the plan, or, they’ll get bored and won’t. 
  • BUSINESS DESCRIPTION: This is a concise overview of your cell phone repair business. What is it about your business that’ll make it a runaway success? Describe, in excruciatingly exact detail, how your company is uniquely positioned to meet customers’ needs. 
  • OWNERSHIP: This is how you’re going to structure your cell phone repair business. When you’re starting out, you’ll probably be organized as a sole proprietorship. 
  • MANAGEMENT AND ORGANIZATION: Who’s running the day-to-day operations of your repair business? Write about the experience of each person running the company, including you–the owner. Interested parties are going to want to know how each team member fits into the organizational structure. 
  • MARKETING: How do you plan to promote your cell phone repair business? Write about your marketing strategy and how it’ll drive more customers through the door. Whether it’s by word of mouth, social media, or something else, it’s important to plan it out.

Marketing strategy to gauge customers

  • MARKET ANALYSIS: Here’s where you list five similar repair shops and evaluate how they stack up to your own. Rigorously evaluate your competitors, describe the industry you’re working in, and provide a little info on your target demographic. A fantastic thing to do is to list five repair shops similar to yours and how they stack up. 
  • OBJECTIVES: How will you know when your repair business is successful? You won’t know that unless you establish specific metrics. 
  • TARGET MARKET: Who’s your ideal customer? List all the attributes you can think of that make up customers you’d think you should be targeting. This is known as a customer avatar. 
  • FINANCIAL PROJECTIONS : Here is where you take your objectives and translate them into figures backed by hard data. 
  • REQUEST FOR FUNDING: Include current and future funding requests, so investors and lenders will know how much debt you’re potentially taking on. 
  • FINANCIALS: Here’s where you’d put your financial projections. Normally, they’ll want to see past financial data, but since you’re just starting this company, that documentation is most likely nonexistent. 

Step 2: Make real-world experience part of your education.  

College might not be the best choice for people who want to be entrepreneurs. 

That’s because entrepreneurs learn best by actually doing things. To become a top-notch business owner, hone your skills by perfecting them out in the real world. 

Ever since that momentous day when he decided to pursue his ambitious dreams, he’s acquired a world-class education without going to college while making TONS of cash in the process. 

Step 3: Get some equipment and supplies. 

Man repairing broken phone

If you’re starting a cell phone repair business from scratch, you’ll need some tools. Try to not waste money on cheap ones because they’ll only end up breaking. Joe uses Hakko for all his soldering equipment. As for other types of tools, see what repair industry professionals recommend and buy those. 

As you grow your cell phone repair business and have a little more money in the bank, you’ll be able to afford fancier tools to do fancier repairs with. A piece of equipment might cost several hundred dollars. But if it lets you do cell phone repairs many competitors can’t do, it becomes an excellent investment. 

Step 4: Acquire the necessary skills. 

Starting a cell phone repair business doesn’t require an expensive college degree or a formal training course. Sure–you can go to a cell phone repair school or a technical institute, but you don’t have to. That’s because everything you need to know about mobile repair you can learn from YouTube videos. 

That’s how many cell phone repair shop owners began their entrepreneurial adventure. It’s an incredibly easy way to get started! 

Here’s what Joe had to say about skills: 

Step 5: Find a location that’s right for you. 

Right location for business

When you’re starting a business, you can always run your cell phone repair shop out of your home. That’s what Joe did. He first operated out of his bedroom, then his parent’s garage. What’s great about working from home is you don’t have to shell out a single dime for rent. 

There might come a point when you’ll want a repair shop that’s separate from your residence. This could happen if your cell phone repair business gets way too big to operate out of your garage or bedroom. 

If you’re going to have walk-in traffic for your cell phone repair business, make sure you find a place that’s convenient for customers to get to. 

If you’re only doing mail-order business like Joe does, this won’t be a factor. 

Step 6: Assemble a team of dedicated ninjas. 

When you’re just starting out with your cell phone repair business, you’re probably going to be a company of one. 

However, there might come a time when business is booming so much, you have to bring on additional employees. 

If you want your cell phone repair business to skyrocket to stratospheric heights of success, forge partnerships with people who have a singular passion for your company’s mission. These are the guys (and gals) who are going to make all the work happen. So, make sure you’ve given them everything they need to be resoundingly successful. 

Employees who have a passionate intensity for the work is vastly more important than employees who have skills. Here’s Joe again: 

Step 7: Fund your business with your profits. 

Man using a calculator for business funds

You only need a shoestring budget to fund a cell phone repair business because you only need a minimal amount of inventory and tools. Here’s Joe again on how he funded his own company: 

Step 8: Create an effective marketing strategy. 

Experiment with different marketing strategies for your cell phone repair business and come up with one that’s effective. In Joe’s case, his plan has continuously evolved over the years. His current approach is to let the work speak for itself. He does this by having hundreds of YouTube videos showing people how they can repair their own cell phones and other devices. 

His company has lots of tutorials on how to repair iPhones and other cell phones, Xboxes, wireless earbuds, and so much more. Viewers can purchase the parts and tools they need to complete the repairs. This organic funnel has dramatically increased business revenues. 

Create a brand identity. 

Creating a brand identity for phone repair business

You need to create a brand identity for your cell phone repair business with an eye-catching logo and a compelling description of what you’re all about. Many business owners think that coming up with a company image is only for such corporate behemoths like Walmart, Apple, and Coca-Cola. 

This is outdated thinking! 

These days, even a small business can benefit from creating brand awareness so powerful, it gets customers to sit up and take notice. By making the customer aware of what value they’ll derive from your service, you’ll give your brand awareness an extra “oomph.” 

Joe brilliantly uses his website to build brand awareness. For example, it’s visually elegant, with only two colors that provide an attractive simplicity that draws people in without overwhelming them. 

His “About” story is folksy and humorous. I love these words from his “About” page: 

joes about us

This kind of language puts a human face on his business. As human beings, we have an intense desire to deal with fellow humans, and not companies that sound emotionless and robotic. 

Step 9: Start out organized and stay that way. 

For Joe, starting out organized and staying that way is the only way to operate a repair shop at optimal levels of efficiency. 

In Joe’s shop, everything is organized to the nth degree. There are QR codes everywhere you look—even on the garbage cans! If you want to learn the most efficient way to do something in Joe’s business, all you have to do is to scan a code. 

Woman scanning barcode

Then, a video pops up showing you the best way to do that task! 

Joe put something called a “Kanban card” in every box of parts. “Kanban” means “signboard” or “billboard” in Japanese. Joe and his employees place these Kanban cards exactly at the point in the box when more inventory needs to be reordered. An employee scans the QR code on the card, the vendor receives the order, and more stock is on its way. 

By using a system like this in your cell phone repair business, you’ll never run out of inventory. Never running out of stock means you’ll always have a steady supply of cell phone repair parts to make sure you fulfill customers’ orders. 

Step 10: Learn to delegate. 

One of the most significant challenges Joe faced in his entrepreneurial career was learning how to delegate. It was difficult for him to realize that he couldn’t do everything by himself–that he needed a team of dedicated ninjas he could trust to help him carry out his mission. 

If you want your cell phone repair business to be successful, you’re also going to have to learn how to delegate. When your business grows to the point where you have a whole team of employees, you’re setting yourself up for failure if you continue to do tasks that are better handled by others. 

So, trust your team to help you carry out your mission. 

Step 11: Have a guiding philosophy that permeates every aspect of your repair business. 

Lean principles to follow for a successful business

Learning about the way Paul Aker uses the Lean philosophy was a life-changing experience for Joe. Lean creates efficiency while eliminating waste. Paul took a concept practiced by many of the world’s top companies and made it easy for the average guy on the street to understand. 

Joe uses the Lean philosophy to try to gain ten-second improvements every single day. He’s got a sign in his cell phone repair shop that beautifully says it all: 

People who want to work for Joe must first listen to Paul’s book, which is free on YouTube. This weeds out those who have a burning passion for improving themselves from those who don’t. If the prospective employee comes back after four hours (which is the length of the book), super excited to work for his repair company, Joe knows that person is a good fit. 

That’s because Joe knows that this individual possesses the energy and drive that’ll make that person an indispensable asset! 

Step 12: Understand the market you’re servicing.

Man writing on a notepad on how to understand and assess customers

Joe considers this to be one of the most important things you can do to make your business successful. 

He says if you focus more on what the customers want, and less about what you want, you’re going to have a profitable cell phone repair business. You need to understand the consumer —what are they willing to pay for, and how much are they’re willing to pay for it. Once you determine that number, it’s going to be a lot easier to know what value you have in the marketplace. This will make you SO much more confident about your marketing efforts. 

This is the way Joe puts it:

Step 13: Always stay one step ahead of the competition. 

As the owner of a cell phone repair company, you need to always be looking for ways to beat your competitors. 

Here’s what Joe has to say about that: 

For the last three years, his cell phone repair company has been feverishly working on software that automatically sends a shipping label to a customer. The customer can then send his item to the repair center for free from anywhere in the United States. This provides the customer with an end-to-end solution, and they love that. 

This has allowed their mail-in center to grow its revenues fifty times what they were before. 

Although this software has exponentially increased the efficiency of its operation, this system can be replicated by many other repair businesses. However, Joe’s cell phone repair company is leading the pack when it comes to making the customer experience as easy and enjoyable as possible. 

Step 14: Create more income streams by adding more services to your existing ones. 

Ideas for additional service to offer to customers

You might find yourself hitting a profit ceiling if repairing cell phones to good working order is the only service you offer. If that happens, think about branching out from cell phone repair and offer other things to your customers. For example, you can be like Joe, who, in addition to cell phone repair, fixes Fitbits, speakers, headphones, iPads, and more. 

Step 15: Learn from your mentors. 

Joe always looked up to his dad, who had a side business installing HVAC when Joe was just starting on his entrepreneurial journey. When his father turned 55, he decided he was done with his regular job. He then made his side hustle his full-time work

Joe took inspiration from this and decided to do the same thing. Joe’s father’s hard work and determination showed him how incredibly rewarding these traits could be in business.

On a more strategic level, Paul Akers was a tremendous help for Joe. Lean manufacturing powerfully transformed Joe’s cell phone repair business. Joe knows that incremental improvements lead to lasting success, and Joe’s company has greatly benefited as a result. We highly recommend that you watch Part 1 and Part 2 our interview with Joe on the topic of lean manufacturing. Here’s the preview of it below:

business plan for cell phone repair shop

Step 16: Be persistent. 

The first thing you’re going to have to do is to when starting a business is to work on your mindset so that you’re like the T-1000 robot from Terminator 2. This was the prototype Terminator sent by Skynet and made from something called a “mimetic polyalloy.”

This formidable liquid metal monstrosity relentlessly pursued Arnold despite having numerous obstacles thrown at him. And even when Mr. Schwarzenegger blasted the entity into a trillion nanoparticles with his trusty 1887 Winchester 12-gauge shotgun, the mechanical shapeshifter always managed to put himself back together again. This is the kind of determination you’ll need to have if you want your cell phone repair business to be a smash success. 

Here’s how Joe puts it: 

What’s the downside of a cellphone repair business? 

  • THIRD-PARTY LIMITATIONS: Many cell phone brands won’t let a third party business repair their stuff. However, Apple allows independent repair shops to repair out-of-warranty iPhones if they have an Apple-certified technician on staff. The only problem is that new phones are off limits, and the certification is expensive. 
  • LOCATION ISSUES : If you’re working from home, there’s going to be distractions galore, so you won’t get as much done as you would working at an office. On the other hand, if you work out of a dedicated storefront, you’ll be incurring a mortgage or lease expense. 
  • MARKETING EXPENSE: If you’re not careful, marketing costs can quickly add up. Billboard and radio ads, mass mailings, and Google AdWords can be expensive. If you’re creative, you can effectively market your cell phone repair business with little money—you can even start on a shoestring budget. 
  • EQUIPMENT COST: When you’re just starting out repairing cell phones, you’ll have to buy some basic equipment. While some stuff is cheap, other stuff can be quite expensive. 

How much does a cell phone repair business make? 

Earnings from a cellphone repair business

How much you make depends on how many cell phone repairs you can do and how good your supply chain is. However, many cell phone repair businesses have HUGE profit margins. 

When you start a cell phone repair business, you might see a profitability rate between 80 and 100%! If you charge an average of $75 per repair and do 15 repairs each week, your weekly gross earnings will be $1,125. With an 80% margin, your weekly profit would be $900. 

Not too shabby! 

There are also cell phone accessories to sell, which will increase your bottom line even more. Of course, if you’re ambitious like Joe, you can scale your business to stratospheric heights. Then, there’s no limit to how much you can make! 

Is mobile repair a good business? 

Joe got into business because he loves to help people. Here’s what he has to say about that: 

If you provide your customers with impeccable service, assemble a team of employees who care deeply about your company’s mission, and establish good procedures, chances are good your repair business will be successful. 

Get started now with your cell phone repair business, and you too can scale to unimaginable heights! 

img

Norm Tedford

Norm Tedford has an associate degree in accounting from Berkshire Community College. While attending this school, he wowed his professors with his ability to write insightful and penetrating business analyses. He’s also a former director of a homeless shelter. For the past two years, he’s been helping businesses generate more leads and sale. In his spare time, he engages in maniacal walking all over hill and dale so he can accumulate a zillion more steps than his Fitbit friends.

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3 thoughts on “How to Start a 7-Figure Cell Phone Repair Business (2024)”

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What Joe has been able to achieve is nothing short of amazing! He’s is probably one in a million whos been able to grow his company and build such large team in electronics repair niche in just 3 years. With a little bit of persistence and perspiration anything could be achieved!

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Going to a technical institute or a phone repair school would be best to acquire technical skills needed for phone repairs. YouTube is a great place to learn but most people are practical learners not visual learners.

' src=

I agree most people are practical learners, but they can learn the practical skills via YouTube by repairing their own phones or friends phones before starting a business.

' src=

I would like to own a business, but I have no experience.

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Cell Phone Repair Business

Back to All Business Ideas

How to Start a Cell Phone Repair Business

Written by: Carolyn Young

Carolyn Young is a business writer who focuses on entrepreneurial concepts and the business formation. She has over 25 years of experience in business roles, and has authored several entrepreneurship textbooks.

Edited by: David Lepeska

David has been writing and learning about business, finance and globalization for a quarter-century, starting with a small New York consulting firm in the 1990s.

Published on April 18, 2022 Updated on March 13, 2024

How to Start a Cell Phone Repair Business

Investment range

$2,450 - $6,700

Revenue potential

$58,000 - $117,000 p.a.

Time to build

1 – 6 months

Profit potential

$53,000 - $105,000 p.a.

Industry trend

Nearly every US adult has a cell phone that they rely on every day. But even pricey smartphones are delicate and can be easily broken with a simple slip of the hand. That’s why cell phone repair is a growing $4 billion US industry. If you’re a tech person, or want to learn cell phone repair, now is a great time to start a cell phone repair business, even from your home, and make good money. 

But first, you need to acquire some knowledge about how to start a business. Fortunately, this step-by-step guide outlines the entire entrepreneurial process required to launch a successful cell phone repair business. 

Looking to register your business? A limited liability company (LLC) is the best legal structure for new businesses because it is fast and simple.

Form your business immediately using ZenBusiness LLC formation service or hire one of the Best LLC Services .

Step 1: Decide if the Business Is Right for You

Pros and cons.

Starting a cell phone repair business has pros and cons to consider before deciding if it’s right for you. 

  • Good Money – Profit margins for phone repair are high
  • Flexibility – Run a mobile phone repair business from home
  • Large Market – With so many phones in use, demand is high
  • Crowded Market – Many large companies offer cell phone repair
  • Skills Needed – Necessary to be a tech pro

Cell phone repair industry trends

Industry size and growth.

  • Industry size and past growth – The US cell phone repair industry was worth $4 billion in 2020 after steady growth the previous five years.(( https://www.ibisworld.com/united-states/market-research-reports/cell-phone-repair-industry/ )) 
  • Growth forecast – The US cell phone repair industry is projected to grow modestly over the next five years. 
  • Number of businesses – In 2021, 9,413 cell phone repair businesses were operating in the US. 
  • Number of people employed – In 2021, the US cell phone repair industry employed 26,896 people. 

cell phone repair industry size and growth

Trends and challenges

Trends in the cell phone repair industry include:

  • Used iPhones, even if they have been repaired, can sell for six times the price of other brands. It’s estimated that about 30% of iPhones suffer damage in the course of any given year, and those phones are worth repairing due to their value. 
  • Ironically, as technology improves, smartphones are becoming more delicate, increasing the need for repairs.

Challenges in the cell phone repair industry include:

  • Evolving technology means that phone repair companies need to continuously educate employees about new models.
  • Because of the large investment some people make in their phones, more people are buying insurance coverage from their service providers. Those companies usually replace the phone rather than pay for repairs.

cell phone repair industry Trends and Challenges

Demand hotspots

  • Most popular states – The most popular states for cell phone technicians are Alaska, Connecticut, and Utah.(( https://www.zippia.com/cell-phone-technician-jobs/best-states/ ))
  • Least popular states – The least popular states for cell phone technicians are Wyoming, Minnesota, and Rhode Island. 

cell phone repair demand hotspots

What kind of people work in cell phone repair?

  • Gender – 29.5% of cell phone technicians are female, while 65.6% are male. (( https://www.zippia.com/cell-phone-technician-jobs/demographics/ ))
  • Average level of education – The average cell phone technician is high school educated.
  • Average age – The average cell phone technician in the US is 45.4 years old.

cell phone repair industry demographics

How much does it cost to start a cell phone repair business?

Startup costs for a mobile phone repair business range from $2,400 to $6,700. Costs include a website, tools, and phone repair training. This assumes that you will run your business from home as a mobile repair outfit. 

You can take cell phone repair training and get a certification through the Cellular Repair School . Courses cost about $400 each and the program can be done online in four months. 

You’ll need a handful of items to successfully launch your cell phone repair business, including: 

  • Nylon spudger
  • Fine tipped curved tweezers
  • Screwdriver kit
  • Plastic triangle opening tool
  • Precision knife set
  • Anti-static brush
  • Suction cup pliers
  • Magnetic mat
  • Magnifying glass
  • Soldering iron

How much can you earn from a cell phone repair business?

Cell phone repairs generally range from $50 to $100 for an average of $75. Your profit margin should be about 90%. 

In your first year or two, you could work from home as a mobile phone repair service and do three repairs a day five days a week, bringing in about $58,000 in annual revenue. This would mean nearly $53,000 in profit, assuming that 90% margin. As your business gains traction, you could do six repairs a day, five days a week. With annual revenue of $117,000, you’d make a fantastic profit of more than $105,000.

cell phone repair business earnings forecast

What barriers to entry are there?

There are a few barriers to entry for a cell phone repair business. Your biggest challenges will be:

  • The training required if you’re not already a cell phone technician
  • Competing with large companies that offer phone repair

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Step 2: hone your idea.

Now that you know what’s involved in starting a cell phone repair business, it’s a good idea to hone your concept in preparation to enter a competitive market. 

Market research will give you the upper hand, even if you’re already positive that you have a perfect product or service. Conducting market research is important, because it can help you understand your customers better, who your competitors are, and your business landscape.

 Why? Identify an opportunity

Research smartphone repair businesses in your area to examine their services, price points, and customer reviews. You’re looking for a market gap to fill. For instance, maybe the local market is missing a mobile repair business or a low-end phone repair service. 

business plan for cell phone repair shop

You might consider targeting a niche market by specializing in a certain aspect of your industry, such as Apple iPhone repairs, or electronic device repairs.

This could jumpstart your word-of-mouth marketing and attract clients right away. 

What? Determine your services

Your services will depend on your training and skills. You can do smartphone repair, electronic device repair, cracked screen repair, or even computer repair. 

How much should you charge for cell phone repair?

Your prices will depend on the extent of the repairs. Most cell phone repairs cost between $50 and $100. You should aim for a profit margin of about 90%. 

Once you know your costs, you can use this Step By Step profit margin calculator to determine your mark-up and final price points. Remember, the prices you use at launch should be subject to change if warranted by the market.

Who? Identify your target market

Your target market is extremely broad, since nearly everyone has a cell phone. You should spread out your marketing to include sites like TikTok, Instagram, Facebook, and LinkedIn. 

Where? Choose your business premises

In the early stages, you may want to run your business from home to keep costs low. But as your business grows, you’ll likely need to hire workers for various roles and might want to rent out a space for a phone repair store. You can find commercial space to rent in your area on sites such as Craigslist , Crexi , and Instant Offices .

When choosing a commercial space, you may want to follow these rules of thumb:

  • Central location accessible via public transport
  • Ventilated and spacious, with good natural light
  • Flexible lease that can be extended as your business grows
  • Ready-to-use space with no major renovations or repairs needed

cell phone repair business idea rating

Step 3: Brainstorm a Cell Phone Repair Business Name

Your business name is your business identity, so choose one that encapsulates your objectives, services, and mission in just a few words. You probably want a name that’s short and easy to remember, since much of your business, and your initial business in particular, will come from word-of-mouth referrals.

Here are some ideas for brainstorming your business name:

  • Short, unique, and catchy names tend to stand out
  • Names that are easy to say and spell tend to do better 
  • Name should be relevant to your product or service offerings
  • Ask around — family, friends, colleagues, social media — for suggestions
  • Including keywords, “smartphone repair” or “mobile phone repair”, boosts SEO
  • Name should allow for expansion, for ex: “Master Tech Phone Repair” over “iPhone Repair Specialists”
  • Avoid location-based names that might hinder future expansion

Discover over 240 unique cell phone repair business name ideas here . If you want your business name to include specific keywords, you can also use our cell phone repair business name generator. Just type in a few keywords and hit “generate” and you’ll have dozens of suggestions at your fingertips.

Once you’ve got a list of potential names, visit the website of the US Patent and Trademark Office to make sure they are available for registration and check the availability of related domain names using our Domain Name Search tool. Using “.com” or “.org” sharply increases credibility, so it’s best to focus on these. 

Find a Domain

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Finally, make your choice among the names that pass this screening and go ahead with domain registration and social media account creation. Your business name is one of the key differentiators that sets your business apart. Once you pick your company name, and start with the branding, it is hard to change the business name. Therefore, it’s important to carefully consider your choice before you start a business entity.

Step 4: Create a Cell Phone Repair Business Plan

Every business needs a plan. This will function as a guidebook to take your startup through the launch process and maintain focus on your key goals. A business plan also enables potential partners and investors to better understand your company and its vision:

  • Executive Summary: A brief overview of your cell phone repair business, summarizing its mission, goals, and key elements.
  • Business Overview: Detailed information about the cell phone repair industry, target market, and the specific niche your business will serve.
  • Product and Services: Outline of the cell phone repair services offered, including types of repairs, warranties, and any additional products or services.
  • Market Analysis: Examination of the cell phone repair market, identifying trends, potential customer base, and demand for your services.
  • Competitive Analysis: Evaluation of competitors in the cell phone repair industry, highlighting strengths, weaknesses, and strategies to gain a competitive edge.
  • Sales and Marketing: Strategies for promoting and selling your cell phone repair services, encompassing online and offline marketing, pricing, and sales channels.
  • Management Team: Introduction of key individuals overseeing the cell phone repair business, emphasizing their relevant skills and experience.
  • Operations Plan: Details on the day-to-day operations of the cell phone repair business, covering location, equipment, suppliers, and workflow.
  • Financial Plan: Financial projections, including startup costs, revenue forecasts, and a break-even analysis for the cell phone repair business.
  • Appendix: Supplementary information, such as detailed market research, resumes of key team members, and any other supporting documents for the cell phone repair business plan.

what to include in a business plan

If you’ve never created a business plan, it can be an intimidating task. You might consider hiring a business plan specialist to create a top-notch business plan for you.

Step 5: Register Your Business

Registering your business is an absolutely crucial step — it’s the prerequisite to paying taxes, raising capital, opening a bank account, and other guideposts on the road to getting a business up and running.

Plus, registration is exciting because it makes the entire process official. Once it’s complete, you’ll have your own business! 

Choose where to register your company

Your business location is important because it can affect taxes, legal requirements, and revenue. Most people will register their business in the state where they live, but if you’re planning to expand, you might consider looking elsewhere, as some states could offer real advantages when it comes to cell phone repair businesses. 

If you’re willing to move, you could really maximize your business! Keep in mind, it’s relatively easy to transfer your business to another state. 

Choose your business structure

Business entities come in several varieties, each with its pros and cons. The legal structure you choose for your cell phone repair business will shape your taxes, personal liability, and business registration requirements, so choose wisely. 

Here are the main options:

  • Sole Proprietorship – The most common structure for small businesses makes no legal distinction between company and owner. All income goes to the owner, who’s also liable for any debts, losses, or liabilities incurred by the business. The owner pays taxes on business income on his or her personal tax return.
  • General Partnership – Similar to a sole proprietorship, but for two or more people. Again, owners keep the profits and are liable for losses. The partners pay taxes on their share of business income on their personal tax returns.
  • Limited Liability Company (LLC) – Combines the characteristics of corporations with those of sole proprietorships or partnerships. Again, the owners are not personally liable for debts.
  • C Corp – Under this structure, the business is a distinct legal entity and the owner or owners are not personally liable for its debts. Owners take profits through shareholder dividends, rather than directly. The corporation pays taxes, and owners pay taxes on their dividends, which is sometimes referred to as double taxation.
  • S Corp – An S-Corporation refers to the tax classification of the business but is not a business entity. An S-Corp can be either a corporation or an LLC , which just need to elect to be an S-Corp for tax status. In an S-Corp, income is passed through directly to shareholders, who pay taxes on their share of business income on their personal tax returns.

types of business structures

We recommend that new business owners choose LLC as it offers liability protection and pass-through taxation while being simpler to form than a corporation. You can form an LLC in as little as five minutes using an online LLC formation service. They will check that your business name is available before filing, submit your articles of organization , and answer any questions you might have.

Form Your LLC

Choose Your State

We recommend ZenBusiness as the Best LLC Service for 2023

business plan for cell phone repair shop

Step 6: Register for Taxes

The final step before you’re able to pay taxes is getting an Employer Identification Number , or EIN. You can file for your EIN online or by mail or fax: visit the IRS website to learn more. Keep in mind, if you’ve chosen to be a sole proprietorship you can simply use your social security number as your EIN. 

Once you have your EIN, you’ll need to choose your tax year. Financially speaking, your business will operate in a calendar year (January–December) or a fiscal year, a 12-month period that can start in any month. This will determine your tax cycle, while your business structure will determine which taxes you’ll pay.

business plan for cell phone repair shop

The IRS website also offers a tax-payers checklist , and taxes can be filed online.

It is important to consult an accountant or other professional to help you with your taxes to ensure you’re completing them correctly.

Step 7: Fund your Business

Securing financing is your next step and there are plenty of ways to raise capital:

  • Bank loans: This is the most common method but getting approved requires a rock-solid business plan and strong credit history.
  • SBA-guaranteed loans: The Small Business Administration can act as guarantor, helping gain that elusive bank approval via an SBA-guaranteed loan .
  • Government grants: A handful of financial assistance programs help fund entrepreneurs. Visit Grants.gov to learn which might work for you.
  • Friends and Family: Reach out to friends and family to provide a business loan or investment in your concept. It’s a good idea to have legal advice when doing so because SEC regulations apply.
  • Crowdfunding: Websites like Kickstarter and Indiegogo offer an increasingly popular low-risk option, in which donors fund your vision. Entrepreneurial crowdfunding sites like Fundable and WeFunder enable multiple investors to fund your business.
  • Personal: Self-fund your business via your savings or the sale of property or other assets.

Bank and SBA loans are probably the best option, other than friends and family, for funding a cell phone repair business. 

types of business financing

Step 8: Apply for Licenses and Permits

Starting a cell phone repair business requires obtaining a number of licenses and permits from local, state, and federal governments.

Federal regulations, licenses, and permits associated with starting your business include doing business as (DBA), health licenses and permits from the Occupational Safety and Health Administration ( OSHA ), trademarks, copyrights, patents, and other intellectual properties, as well as industry-specific licenses and permits. 

You may also need state-level and local county or city-based licenses and permits. The license requirements and how to obtain them vary, so check the websites of your state, city, and county governments or contact the appropriate person to learn more. 

You could also check this SBA guide for your state’s requirements, but we recommend using MyCorporation’s Business License Compliance Package . They will research the exact forms you need for your business and state and provide them to ensure you’re fully compliant.

This is not a step to be taken lightly, as failing to comply with legal requirements can result in hefty penalties.

If you feel overwhelmed by this step or don’t know how to begin, it might be a good idea to hire a professional to help you check all the legal boxes.

Step 9: Open a Business Bank Account

Before you start making money, you’ll need a place to keep it, and that requires opening a bank account .

Keeping your business finances separate from your personal account makes it easy to file taxes and track your company’s income, so it’s worth doing even if you’re running your cell phone repair business as a sole proprietorship. Opening a business bank account is quite simple, and similar to opening a personal one. Most major banks offer accounts tailored for businesses — just inquire at your preferred bank to learn about their rates and features.

Banks vary in terms of offerings, so it’s a good idea to examine your options and select the best plan for you. Once you choose your bank, bring in your EIN (or Social Security Number if you decide on a sole proprietorship), articles of incorporation, and other legal documents and open your new account.

Step 10: Get Business Insurance

Business insurance is an area that often gets overlooked yet it can be vital to your success as an entrepreneur. Insurance protects you from unexpected events that can have a devastating impact on your business.

Here are some types of insurance to consider:

  • General liability: The most comprehensive type of insurance, acting as a catch-all for many business elements that require coverage. If you get just one kind of insurance, this is it. It even protects against bodily injury and property damage.
  • Business Property: Provides coverage for your equipment and supplies.
  • Equipment Breakdown Insurance: Covers the cost of replacing or repairing equipment that has broken due to mechanical issues.
  • Worker’s compensation: Provides compensation to employees injured on the job.
  • Property: Covers your physical space, whether it is a cart, storefront, or office.
  • Commercial auto: Protection for your company-owned vehicle.
  • Professional liability: Protects against claims from a client who says they suffered a loss due to an error or omission in your work.
  • Business owner’s policy (BOP): This is an insurance plan that acts as an all-in-one insurance policy, a combination of the above insurance types.

types of business insurance

Step 11: Prepare to Launch

As opening day nears, prepare for launch by reviewing and improving some key elements of your business. 

Essential software and tools

Being an entrepreneur often means wearing many hats, from marketing to sales to accounting, which can be overwhelming. Fortunately, many websites and digital tools are available to help simplify many business tasks. 

You may want to use industry-specific software, such as Fixably , RepairShopr , or RepairDesk , to manage your bookings, schedule, workflows, invoicing, and payments. 

  • Popular web-based accounting programs for smaller businesses include Quickbooks , Freshbooks , and Xero . 
  • If you’re unfamiliar with basic accounting, you may want to hire a professional, especially as you begin. The consequences for filing incorrect tax documents can be harsh, so accuracy is crucial. 

Develop your website

Website development is crucial because your site is your online presence and needs to convince prospective clients of your expertise and professionalism.

You can create your own website using website builders . This route is very affordable, but figuring out how to build a website can be time-consuming. If you lack tech-savvy, you can hire a web designer or developer to create a custom website for your business.

They are unlikely to find your website, however, unless you follow Search Engine Optimization ( SEO ) practices. These are steps that help pages rank higher in the results of top search engines like Google. 

For your cell phone repair business, the marketing strategy should focus on showcasing your technical expertise, fast turnaround times, and reliability in repairing a wide range of issues. Emphasize the convenience, cost-effectiveness, and trustworthiness of your services. Here are some powerful marketing strategies for your future business:

Kickstart Marketing

  • Professional Branding : Ensure that your branding communicates efficiency, expertise, and reliability, from your logo to your in-store or online presence.
  • Direct Outreach : Network with local businesses, schools, and community centers to offer your repair services and establish corporate or educational repair contracts.

Digital Presence and Online Marketing

  • Professional Website and SEO : Develop an easy-to-navigate website that details your services, prices, and customer testimonials. Implement SEO best practices to optimize your site for local search terms related to cell phone repair and electronic services.
  • Social Media Engagement : Use platforms like Facebook, Instagram, and Twitter to share before-and-after repair photos, customer reviews, and occasional tips for device maintenance.

Content Marketing and Engagement

  • Tech Tips Blog : Publish posts about common cell phone issues, maintenance tips, and the latest trends in mobile technology.
  • Customer Success Stories : Feature stories from satisfied customers, highlighting how you solved their device issues quickly and effectively.
  • Video Tutorials : Create short videos showing simple repair tips, phone care advice, or quick fixes that users can do at home.

Experiential and In-Person Engagements

  • Repair Workshops : Host workshops or clinics in your store or community centers teaching basic phone maintenance or repair skills.
  • Local Community Events : Participate in local events and fairs, offering on-the-spot consultations or minor repair services.

Collaborations and Community

  • Partnerships with Local Businesses : Collaborate with nearby electronics stores, cafes, or co-working spaces to offer discounts or joint promotions.
  • Sponsorship of Local Events : Sponsor local sports teams, school events, or tech meetups to increase brand visibility and community engagement.

Customer Relationship and Loyalty Programs

  • Loyalty Discounts : Offer discounts on future services to repeat customers to encourage loyalty.
  • Referral Incentives : Implement a referral program where customers get discounts or free services for referring new clients to your business.

Promotions and Advertising

  • Targeted Local Advertising : Use local online platforms, community boards, and Google Ads to reach potential customers in your area.
  • Email Marketing : Send out newsletters with updates about new services, tech tips, and special promotions to keep your audience engaged.

Focus on USPs

Unique selling propositions, or USPs, are the characteristics of a product or service that set it apart from the competition. Customers today are inundated with buying options, so you’ll have a real advantage if they are able to quickly grasp how your cell phone repair business meets their needs or wishes. It’s wise to do all you can to ensure your USPs stand out on your website and in your marketing and promotional materials, stimulating buyer desire. 

Global pizza chain Domino’s is renowned for its USP: “Hot pizza in 30 minutes or less, guaranteed.” Signature USPs for your cell phone repair business could be: 

  • Mobile smartphone repair – we make house calls!
  • Apple iPhone repair without the Apple prices
  • Cracked screen? Fixed in one hour, guaranteed

unique selling proposition

You may not like to network or use personal connections for business gain. But your personal and professional networks likely offer considerable untapped business potential. Maybe that Facebook friend you met in college is now running a cell phone repair business, or a LinkedIn contact of yours is connected to dozens of potential clients. Maybe your cousin or neighbor has been working in smartphones for years and can offer invaluable insight and industry connections. 

The possibilities are endless, so it’s a good idea to review your personal and professional networks and reach out to those with possible links to or interest in phone repair. You’ll probably generate new customers or find companies with which you could establish a partnership. 

Step 12: Build Your Team

If you’re starting out small from a home office, you may not need any employees. But as your business grows, you will likely need workers to fill various roles. Potential positions for a cell phone repair business include:

  • Repair Technicians – assist with cell phone repairs
  • General Manager – scheduling, accounting
  • Marketing Lead – SEO strategies, social media

At some point, you may need to hire all of these positions or simply a few, depending on the size and needs of your business. You might also hire multiple workers for a single role or a single worker for multiple roles, again depending on need. 

Free-of-charge methods to recruit employees include posting ads on popular platforms such as LinkedIn, Facebook, or Jobs.com. You might also consider a premium recruitment option, such as advertising on Indeed , Glassdoor , or ZipRecruiter . Further, if you have the resources, you could consider hiring a recruitment agency to help you find talent. 

Step 13: Run a Cell Phone Repair Business – Start Making Money!

Cell phone repair is not an industry that will go away anytime soon. With 97% of the US population owning cell phones, any phone repair business should have no shortage of customers. If you’re not already a repair technician, you can learn to be one quickly and start your own repair business for a very small investment. You can even run your business from home as a mobile repair service and make a good living while providing a valuable service. 

You’ve had your business education now, so it’s time to get your successful cell phone repair business going!

  • Cell Phone Repair Business FAQs

A cell phone repair business can be very profitable since the demand for your services will be high. You just need the proper training so that you can do quality work that will bring in business.

The Samsung Galaxy S22 is one of the most diffi cult. The Microsoft Surface Duo, and the Samsung Galaxy Note 20 Ultra also make the list.

The most common iPhone repairs are:

  • Cracked backs
  • Cracked screens
  • Water damage
  • Battery issues
  • Faulty charging ports

Replacing a cracked back is the most expensive iPhone repair. It can cost $400 to $500 or more depending on the model.

A cell phone repair business would be a great side hustle. You’d just set appointments for dropoffs and pickups when you’re available, and do the repairs in your spare time. 

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  • Decide if the Business Is Right for You
  • Hone Your Idea
  • Brainstorm a Cell Phone Repair Business Name
  • Create a Cell Phone Repair Business Plan
  • Register Your Business
  • Register for Taxes
  • Fund your Business
  • Apply for Licenses and Permits
  • Open a Business Bank Account
  • Get Business Insurance
  • Prepare to Launch
  • Build Your Team
  • Run a Cell Phone Repair Business - Start Making Money!

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How to Start a Cell Phone Repair Business

A cell phone repair business focuses on repairing broken or damaged cell phones and tablets.

You may also be interested in additional low cost business ideas .

Learn how to start your own Cell Phone Repair Business and whether it is the right fit for you.

Ready to form your LLC? Check out the Top LLC Formation Services .

Cell Phone Repair Business Image

Start a cell phone repair business by following these 10 steps:

  • Plan your Cell Phone Repair Business
  • Form your Cell Phone Repair Business into a Legal Entity
  • Register your Cell Phone Repair Business for Taxes
  • Open a Business Bank Account & Credit Card
  • Set up Accounting for your Cell Phone Repair Business
  • Get the Necessary Permits & Licenses for your Cell Phone Repair Business
  • Get Cell Phone Repair Business Insurance
  • Define your Cell Phone Repair Business Brand
  • Create your Cell Phone Repair Business Website
  • Set up your Business Phone System

We have put together this simple guide to starting your cell phone repair business. These steps will ensure that your new business is well planned out, registered properly and legally compliant.

Exploring your options? Check out other small business ideas .

STEP 1: Plan your business

A clear plan is essential for success as an entrepreneur. It will help you map out the specifics of your business and discover some unknowns. A few important topics to consider are:

What will you name your business?

  • What are the startup and ongoing costs?
  • Who is your target market?

How much can you charge customers?

Luckily we have done a lot of this research for you.

Choosing the right name is important and challenging. If you don’t already have a name in mind, visit our How to Name a Business guide or get help brainstorming a name with our Cell Phone Repair Business Name Generator

If you operate a sole proprietorship , you might want to operate under a business name other than your own name. Visit our DBA guide to learn more.

When registering a business name , we recommend researching your business name by checking:

  • Your state's business records
  • Federal and state trademark records
  • Social media platforms
  • Web domain availability .

It's very important to secure your domain name before someone else does.

Want some help naming your cell phone repair business?

Business name generator, what are the costs involved in opening a cell phone repair business.

Depending on the location of your shop, most of the costs involved for the startup will be rent and utilities. Some cell phone repair shops operate as kiosks in a mall or other heavily trafficked consumer center. These can be more cost effective, but may not have the storage area needed for your business, as it expands and grows.

Some businesses operate out of a home and reduce much of the overhead associated with a brick and mortar location. There will be some loss of walk in customer business, but most customers will find your business online through a website or webpage via social media. There are a few options and configurations for how you will set up your business, so consider them carefully and think about what will work best, both currently and for the future.

What are the ongoing expenses for a cell phone repair business?

Other than rent and utilities, if you have a brick and mortar, most costs will be generated from buying parts and supplies for the actual repairs. And you should be able to recoup these costs, once the repairs are completed. As you grow as a business, you may find additional costs pertaining to advertising or hiring additional staff, but this business tends to have a relatively low overhead.

Who is the target market?

Your target market is technology consumers. To be specific, you’re gunning for the savvy tech user, who understands how a repair can save them time and money. Especially as cell phones and other devices become more expensive and more powerful, the owners will want to stay with their tried and trusted choices for tech connectivity.

Another smaller, yet growing, target market is the environmentally conscious tech consumer. As more people become aware of the growing problem of added tech waste to our landfills, there are more and more consumers who wish to keep a device as long as possible, with repairs and upgrades keeping their device working and out of a dump pile. Appeal to both of these aesthetics to increase your overall business bottom line.

How does a cell phone repair business make money?

Revenue is generated through the fees customers pay to have their cell phone or other mobile device repaired or upgraded.

Repair and upgrade prices will vary, depending on the make and model of the device. An average cost for a broken screen, for instance can start around $75 but can climb to as much as $300. As stated before, make sure your prices are competitive, but remember that a repair on a $1000 phone will still be much more affordable than replacing the phone all together.

How much profit can a cell phone repair business make?

An average cell phone repair business could net profits in the range of $50-65,000, with greater earning potential, as you continue to become more well-known and successful.

How can you make your business more profitable?

Many cell phone repair businesses expand to include repairs on all kinds of tech gadgets. Gaming systems and music production equipment may also be good fits for your repair business. You can also offer customers phone and data plans through third-party service providers. As the technology surrounding our lives increases, as it is sure to, there will be more avenues to explore and include in your business plan.

Want a more guided approach? Access TRUiC's free Small Business Startup Guide - a step-by-step course for turning your business idea into reality. Get started today!

STEP 2: Form a legal entity

The most common business structure types are the sole proprietorship , partnership , limited liability company (LLC) , and corporation .

Establishing a legal business entity such as an LLC or corporation protects you from being held personally liable if your cell phone repair business is sued.

Form Your LLC

Read our Guide to Form Your Own LLC

Have a Professional Service Form your LLC for You

Two such reliable services:

You can form an LLC yourself and pay only the minimal state LLC costs or hire one of the Best LLC Services for a small, additional fee.

Recommended: You will need to elect a registered agent for your LLC. LLC formation packages usually include a free year of registered agent services . You can choose to hire a registered agent or act as your own.

STEP 3: Register for taxes

You will need to register for a variety of state and federal taxes before you can open for business.

In order to register for taxes you will need to apply for an EIN. It's really easy and free!

You can acquire your EIN through the IRS website . If you would like to learn more about EINs, read our article, What is an EIN?

There are specific state taxes that might apply to your business. Learn more about state sales tax and franchise taxes in our state sales tax guides.

STEP 4: Open a business bank account & credit card

Using dedicated business banking and credit accounts is essential for personal asset protection.

When your personal and business accounts are mixed, your personal assets (your home, car, and other valuables) are at risk in the event your business is sued. In business law, this is referred to as piercing your corporate veil .

Open a business bank account

Besides being a requirement when applying for business loans, opening a business bank account:

  • Separates your personal assets from your company's assets, which is necessary for personal asset protection.
  • Makes accounting and tax filing easier.

Recommended: Read our Best Banks for Small Business review to find the best national bank or credit union.

Get a business credit card

Getting a business credit card helps you:

  • Separate personal and business expenses by putting your business' expenses all in one place.
  • Build your company's credit history , which can be useful to raise money later on.

Recommended: Apply for an easy approval business credit card from BILL and build your business credit quickly.

STEP 5: Set up business accounting

Recording your various expenses and sources of income is critical to understanding the financial performance of your business. Keeping accurate and detailed accounts also greatly simplifies your annual tax filing.

Make LLC accounting easy with our LLC Expenses Cheat Sheet.

STEP 6: Obtain necessary permits and licenses

Failure to acquire necessary permits and licenses can result in hefty fines, or even cause your business to be shut down.

State & Local Business Licensing Requirements

Certain state permits and licenses may be needed to operate a cell phone repair business. Learn more about licensing requirements in your state by visiting  SBA’s reference to state licenses and permits .

Most businesses are required to collect sales tax on the goods or services they provide. To learn more about how sales tax will affect your business, read our article, Sales Tax for Small Businesses .

A cell phone repair business is generally run out of your home or a storefront. Businesses operating out of a physical location typically require a  Certificate of Occupancy  (CO).  A CO confirms that all building codes, zoning laws and government regulations have been met.

  • If you plan to lease a location :
  • It is generally the landlord’s responsibility to obtain a CO.
  • Before leasing, confirm that your landlord has or can obtain a valid CO that is applicable to a cell phone repair business.
  • After a major renovation, a new CO often needs to be issued. If your place of business will be renovated before opening,  it is recommended  to include language in your lease agreement stating that lease payments will not commence until a valid CO is issued.
  • If you plan to purchase or build a location :
  • You will be responsible for obtaining a valid CO from a local government authority.
  • Review all building codes and zoning requirements for your business’ location to ensure your cell phone repair business will be in compliance and able to obtain a CO.

STEP 7: Get business insurance

Just as with licenses and permits, your business needs insurance in order to operate safely and lawfully. Business Insurance protects your company’s financial wellbeing in the event of a covered loss.

There are several types of insurance policies created for different types of businesses with different risks. If you’re unsure of the types of risks that your business may face, begin with General Liability Insurance . This is the most common coverage that small businesses need, so it’s a great place to start for your business.

Another notable insurance policy that many businesses need is Workers’ Compensation Insurance . If your business will have employees, it’s a good chance that your state will require you to carry Workers' Compensation Coverage.

FInd out what types of insurance your Cell Phone Repair Business needs and how much it will cost you by reading our guide Business Insurance for Cell Phone Repair Business.

STEP 8: Define your brand

Your brand is what your company stands for, as well as how your business is perceived by the public. A strong brand will help your business stand out from competitors.

If you aren't feeling confident about designing your small business logo, then check out our Design Guides for Beginners , we'll give you helpful tips and advice for creating the best unique logo for your business.

Recommended : Get a logo using Truic's free logo Generator no email or sign up required, or use a Premium Logo Maker .

If you already have a logo, you can also add it to a QR code with our Free QR Code Generator . Choose from 13 QR code types to create a code for your business cards and publications, or to help spread awareness for your new website.

How to promote & market a cell phone repair business

Your biggest concern for success will be making sure customers are aware of your business and the services you can offer. Therefore, advertising and marketing are critical pieces to this puzzle. And, in order to keep costs low, you should consider all of the inexpensive, yet effective methods for getting your name known among consumers.

To start, business cards, flyers, and brochures or handouts explaining your prices and areas of expertise are still effective, especially if you’re able to leave them in places where customers will see them and pick them up. Some non-competitive tech stores will let you leave your information on their counters or in storefront windows. You can also hand out cards and flyers during social gatherings in your city or region. You’d be surprised how many people will refer to the tangible items they casually receive.

Next, look to set up a website or start a social media page on Facebook or Instagram. Many customers will do a Google search first, when looking for a cell phone repair shop. You want to be their top result, so use keywords to push your business to the top of these searches. You may also be able to join social clubs, groups, or organizations, specifically related to technology and even device repairing and modifications.

Finally, make sure that you make a connection with your customers. Word of mouth referrals and positive reviews are great marketing tools. When a friend refers another friend, they’re often going to follow up on the recommendation, as it’s coming from a trusted source. Remember, the main goal is to become known and trusted and then continually live up to your positive reputation.

How to keep customers coming back

As mentioned previously, customer reviews and referrals can be some of the most important aspects of a healthy business. Develop business relationships with your customers. Don’t over-promise what you can’t deliver. And don’t make your prices too low, simply to attract customers. You have to be competitive, but you should also be comparable to your competition. You can offer specials now and then, especially for repeat customers. And you may want to offer plans for future service visits. These incentives will help customers think of you first, when deciding on a repair business.

STEP 9: Create your business website

After defining your brand and creating your logo the next step is to create a website for your business .

While creating a website is an essential step, some may fear that it’s out of their reach because they don’t have any website-building experience. While this may have been a reasonable fear back in 2015, web technology has seen huge advancements in the past few years that makes the lives of small business owners much simpler.

Here are the main reasons why you shouldn’t delay building your website:

  • All legitimate businesses have websites - full stop. The size or industry of your business does not matter when it comes to getting your business online.
  • Social media accounts like Facebook pages or LinkedIn business profiles are not a replacement for a business website that you own.
  • Website builder tools like the GoDaddy Website Builder have made creating a basic website extremely simple. You don’t need to hire a web developer or designer to create a website that you can be proud of.

Recommended : Get started today using our recommended website builder or check out our review of the Best Website Builders .

Other popular website builders are: WordPress , WIX , Weebly , Squarespace , and Shopify .

STEP 10: Set up your business phone system

Getting a phone set up for your business is one of the best ways to help keep your personal life and business life separate and private. That’s not the only benefit; it also helps you make your business more automated, gives your business legitimacy, and makes it easier for potential customers to find and contact you.

There are many services available to entrepreneurs who want to set up a business phone system. We’ve reviewed the top companies and rated them based on price, features, and ease of use. Check out our review of the Best Business Phone Systems 2023 to find the best phone service for your small business.

Recommended Business Phone Service: Phone.com

Phone.com is our top choice for small business phone numbers because of all the features it offers for small businesses and it's fair pricing.

Is this Business Right For You?

Individuals possessing an attention to detail, technical proficiency, specifically regarding electronics, as well as small business acumen, will find a rich market for their services.

Want to know if you are cut out to be an entrepreneur?

Take our Entrepreneurship Quiz to find out!

Entrepreneurship Quiz

What happens during a typical day at a cell phone repair business?

Since most cell phone repair shops and businesses make the majority of their money from the repairs performed on cell phones and similar devices, this is where the majority of the time is spent. There is also time allotted for ordering new supplies, planning advertising and marketing plans, returning customer phone calls and e-mails and cleaning and organizing the shop.

What are some skills and experiences that will help you build a successful cell phone repair business?

Fortunately for entrepreneurs looking to make cell phone repair a successful business venture, there is very little overhead or start-up cost involved. The skills needed for performing the repairs are also fairly manageable to learn and execute, as well. If you have a knack for working with your hands, especially on smaller or delicate items, you will be well-suited for this profession. If you also have experience or knowledge with small business management, you will equally have an advantage for this career. The last piece of the puzzle becomes communicating with customers and making sure their cell phones and devices are repaired and returned to them in a timely manner.

What is the growth potential for a cell phone repair business?

Cell phones are very popular and useful items for most people. They are fast becoming a necessity for most, no matter where you reside. We manage both our business and personal lives with these pint-sized technical powerhouses. When one breaks or is no longer working properly, many individuals find themselves in a situation in which they must quickly find a replacement.

But, not every person has the money or access to pick up a new phone or device, when there’s trouble with their current one. Because of this new dynamic, repairing a cell phone becomes another necessity for remaining connected and able to navigate the web, make calls, send and receive emails, texts, etc. Repairing a cell phone, then, becomes the best option for many, both economically and location-wise. And, with cell phone sales continuing to skyrocket, there will be many more devices requiring repairs in the coming days, months, and years. The cell phone repair business is poised to become one of the larger facets of the technology industry, with even more individuals opting for a repair, especially as the price of cell phones continues to skyrocket, as well.

TRUiC's YouTube Channel

For fun informative videos about starting a business visit the TRUiC YouTube Channel or subscribe to view later.

Take the Next Step

Find a business mentor.

One of the greatest resources an entrepreneur can have is quality mentorship. As you start planning your business, connect with a free business resource near you to get the help you need.

Having a support network in place to turn to during tough times is a major factor of success for new business owners.

Learn from other business owners

Want to learn more about starting a business from entrepreneurs themselves? Visit Startup Savant’s startup founder series to gain entrepreneurial insights, lessons, and advice from founders themselves.

Resources to Help Women in Business

There are many resources out there specifically for women entrepreneurs. We’ve gathered necessary and useful information to help you succeed both professionally and personally:

If you’re a woman looking for some guidance in entrepreneurship, check out this great new series Women in Business created by the women of our partner Startup Savant.

What are some insider tips for jump starting a cell phone repair business?

Since this business thrives on customer recognition and your repair and service reputation, its important to make sure you’re sharing success stories and connecting customers with your website, webpage, or logo and business name. Social media can be quite helpful, and we detail how to achieve the recognition and return customers in the marketing and promotion section below.

You also want to make sure you have a strong relationship with your parts supplier. Your ability to repair and return devices to customers in a timely manner requires you to have the replacement materials shipped quickly, if not already on hand

How and when to build a team

Part of the draw of this business is that it can be operated by one or two people for a very long time. Your business will have to be extremely successful and isolated from other competitors in order to think about having a team of repair people working for you. You may want to have one other person in the front of the shop to greet and qualify customer needs, as your business grows. This will help you to focus on the repairs and making sure the customers are reunited with their devices as soon as possible. It would be ideal to have a partner who can do both, so either of you can handle front of house, as well as repairs, in order to maximize your effectiveness.

Useful Links

Industry opportunities.

  • Cell Phone Repair — franchise opportunity

Real World Examples

  • A2 Phone Repair Ann Arbor, MI
  • Digital Doc Repair Ann Arbor, MI

Further Reading

  • How Much Does Cell Phone Repair Pay?

Have a Question? Leave a Comment!

Financial Model, Business Plan and Dashboard Templates - FinModelsLab

How To Write a Business Plan for Cell Phone Repair in 9 Steps: Checklist

By alex ryzhkov, resources on cell phone repair.

  • Financial Model
  • Business Plan
  • Value Proposition
  • One-Page Business Plan
  • SWOT Analysis
  • Business Model
  • Marketing Plan

Cell phones are an essential part of our lives, with over 3.8 billion smartphone users worldwide. With such a vast market, starting a cell phone repair business can prove incredibly lucrative. But where do you start?

To ensure the success of your business, you need to start with a solid business plan. In this article, we'll guide you through the nine essential steps to writing a business plan for cell phone repair .

From conducting market research to secure funding, we'll provide you with a checklist to keep you on track. Ensuring you don't miss any critical steps in your business planning process.

So, whether you're starting a cell phone repair business or looking to improve your existing one, follow the steps below for a successful venture.

  • Conduct market research
  • Identify target market
  • Analyze competitors
  • Determine startup costs
  • Develop a pricing strategy
  • Create a marketing plan
  • Establish a location
  • Secure funding

Conduct Market Research

Market research is essential for any business venture. Conducting thorough research will give you a better understanding of the target market, the industry, and potential competitors. Here are some important factors to consider when conducting market research for your cell phone repair business:

  • Demographics: Know your target market's age, gender, income, and education level. This information will help you tailor your business to their needs.
  • Geographic: Determine the best location for your business based on your target market's location and accessibility.
  • Psychographics: Consider your target market's lifestyle, interests, and values. This information will help you understand what kind of phone cases and accessories to offer.
  • Industry trends: Stay up-to-date with the latest industry news and developments in cell phone technology. This will help you identify opportunities for growth and ensure your business stays relevant.
  • Competitors: Research other cell phone repair businesses in the area to identify their strengths and weaknesses. This will help you differentiate your business and offer unique services.

Market Research Tips:

  • Use online research tools, such as Google Trends and social media analytics, to gather data on your target market.
  • Survey potential customers to gain insights on what they look for in a cell phone repair business.
  • Attend industry conferences and events to network and stay informed on the latest industry trends.
  • Visit other cell phone repair businesses to observe their operations and learn from their successes and failures.

By conducting comprehensive market research, you'll be able to make informed decisions when it comes to developing your business plan and launching your cell phone repair business.

Identify Target Market

In order to successfully run a cell phone repair business , it is crucial to identify and understand the target market. The target market consists of the individuals or groups of people who are in need of the services that the business has to offer. Knowing who the target market is will help the business tailor its marketing strategies and services to better meet the needs of its customers.

The target market for a cell phone repair business includes:

  • Individuals who own and use cell phones on a daily basis
  • People who rely heavily on their cell phones for work or personal use
  • Those who do not have insurance on their cell phone and need affordable repair options
  • People who value convenience and need quick repairs
  • Conduct surveys or focus groups to gain insight into the target market's specific needs and preferences
  • Use social media platforms or other online resources to analyze the behavior and demographics of potential customers
  • Create customer personas to better understand the target market and tailor marketing efforts

It is also important to keep in mind that the target market may vary depending on the location of the business. For example, a cell phone repair business located near a college campus may have a higher concentration of young adult customers who prioritize cost-effective repairs, while a business located in a business district may have a larger customer base of professionals who prioritize quick and reliable repairs.

By identifying and understanding the target market, a cell phone repair business can better cater to its customers' needs and differentiate itself from competitors.

Analyze Competitors

Before starting a cell phone repair business, it is necessary to analyze the competition in the market. This step is important to identify the strengths and weaknesses of your competitors, and to develop a better plan to differentiate your business.

Identify Key Competitors: Begin by identifying the major competitors in the cell phone repair industry. Visit their websites, read customer reviews, and analyze their services and prices. Take note of the areas they excel in and where they fall short, as well as any unique selling points that they offer.

  • Check out their social media channels for customer engagement activity and reviews.
  • Visit their physical store locations to get an accurate feel of the customer experience they offer.

Identify Gaps: Next, identify the gaps in the market that your competitors are not fulfilling. Look for particular cell phone repair services that your competitors lack, or areas where they are not providing the best customer service experience. By identifying gaps, you can develop a plan to stand out in that area, and attract the customers your competitors are overlooking.

Analyze Pricing: Pricing is a crucial aspect in the cell phone repair industry. Analyze the pricing strategy of your competitors, and determine how your business can differentiate itself through pricing. Will you offer competitive pricing or have premium pricing that is worth more than your competitors? Make sure to take into consideration the cost of repair services, overhead expenses, and staffing costs to identify your price point.

Develop a Competitive Advantage: Finally, use the information gathered from market research and competitor analysis to create a unique selling proposition. Develop a plan to differentiate your business based on quality of service, competence in repair services, or a personalized customer experience. These elements will help to make your business stand out among competitors, and drive more customers to your store.

Determine Startup Costs

Starting a cell phone repair business requires a good understanding of the startup costs involved. Accurate budgeting is critical to the success of your business. In this step, we will discuss the important costs you need to budget for when starting a cell phone repair business.

  • Equipment and Tools: You will need to purchase equipment and tools to repair cell phones. This includes specialized tools, workbenches, testing equipment, and other essential supplies. The cost of these items can range from $5,000 to $10,000, depending on the quality and quantity of the equipment you buy.
  • Inventory: You will need to purchase replacement parts and components to repair cell phones. This includes screens, batteries, connectors, and other small parts. Depending on the range of services you offer, your initial inventory cost could be up to $10,000.
  • Rent and Utilities: The cost of rent and utilities will depend on the location of your business. Do your research and budget at least $2,000 to $5,000 per month for rent and utilities.
  • Marketing: You will need to invest in marketing your business. This includes creating a website, printing marketing materials and business cards, and advertising in local media. Budget at least $5,000 to $8,000 for initial marketing expenses.
  • Licenses and Permits: Depending on your state, you may need to obtain licenses and permits to operate your cell phone repair business. The cost of obtaining these licenses and permits can range from $500 to $1,500.
  • Insurance: As with any business, you will need insurance to protect your business from unforeseen events. The cost of insurance can vary, but budget for at least $1,000 to $3,000 per year.
  • Make sure to research the cost of equipment and supplies from multiple suppliers before making a purchase. Prices can vary widely, and there may be opportunities to find discounts or used equipment to save money.
  • Consider leasing equipment instead of purchasing it outright to save on upfront costs.
  • Be conservative when estimating expenses. It's always better to budget more and have some left over than to underestimate costs and run out of money.

By accurately budgeting for these costs, you can be better prepared to launch your cell phone repair business with confidence. Remember that these are just rough estimates, and your actual costs will depend on several factors, including the location of your business, the services you offer, and the size of your inventory.

Develop a Pricing Strategy

One of the most important aspects of running a successful cell phone repair business is developing a pricing strategy that is both competitive and profitable. Your pricing should be structured in a way that attracts customers while still allowing you to make a reasonable profit.

Here are some important factors to consider when developing your pricing strategy:

  • COST OF GOODS AND LABOR: You need to take into account the cost of parts and labor when determining your price. This should include the cost of any necessary replacement parts, tools, and supplies, as well as the labor required to complete the repair.
  • COMPETITOR PRICES: Look at what your competitors are charging for the same or similar services. You should aim to charge a similar price, or offer discounts that make your services more attractive to potential customers.
  • DEMAND FOR YOUR SERVICES: Consider the demand for cell phone repair services in your area. If there is high demand but few competitors, you may be able to charge slightly higher prices. If there is a lot of competition, you may need to lower your prices to attract customers.
  • CUSTOMER VALUE: The value you provide to customers is an important factor in determining your pricing. If you offer high-quality repairs and excellent customer service, customers may be willing to pay a little more for your services over your competitors.

Tips for Developing Your Pricing Strategy:

  • Consider offering discounts for multiple repairs or for customers who refer others to your business.
  • Offer tiered pricing based on the complexity of the repair.
  • Take into account the cost of any warranties or guarantees you offer with your repairs.

By considering these important factors, you can develop a pricing strategy that is both competitive and profitable for your cell phone repair business.

Create A Marketing Plan

A good marketing plan will help you reach your target customers and differentiate you from your competitors. Here are the steps you can follow to create a successful marketing plan for your cell phone repair business .

  • Define your target audience . Identify the demographic, geographic, and psychographic characteristics of your target audience. Understand how often they need cell phone repair services and what they value in a repair service provider.
  • Identify your unique selling proposition (USP) . Define what sets your cell phone repair business apart from your competitors. It could be the quality of your services, your pricing strategy, your customer service, or any other feature that differentiates you from your competitors.
  • Choose your marketing channels . Based on your target audience and USP, you can choose the most effective marketing channels to reach your customers. These could include social media, email marketing, search engine optimization (SEO), paid advertising, or guerilla marketing.
  • Set your marketing budget . Determine how much you can afford to spend on marketing, and allocate your budget wisely across different channels. Make sure to measure the ROI of each marketing campaign.
  • Create compelling marketing materials . Develop marketing materials that engage and persuade your target audience. These could include your website, brochures, flyers, business cards, email templates, and social media profiles.
  • Offer promotions and discounts . Encourage first-time customers to try your services by offering promotions and discounts. You can also offer discounts for loyal customers who refer new customers to your business.
  • Maintain your online reputation . Keep an eye on online reviews and respond to them promptly. Encourage satisfied customers to leave positive reviews on popular review sites such as Yelp and Google My Business.
  • Stay up-to-date with technology trends . Keep yourself informed about the latest trends in cell phone technology, and adjust your repair services and marketing strategy accordingly.
  • Partner with other businesses and organizations . Build partnerships with businesses and organizations that cater to your target audience, such as phone carriers, electronics stores, and schools.
  • Be creative and innovative . Don't be afraid to experiment with novel marketing strategies that set you apart from your competitors, such as hosting events, sponsoring community activities, or creating viral content.

Establish A Location

Once you have conducted market research, analyzed competitors, and identified your target market, it's time to establish a location for your cell phone repair business. Choosing the right location is critical to the success of your business as it can significantly impact its visibility, accessibility, and profitability.

To begin with, you need to decide on the type of location that is suitable for the business. For a cell phone repair business, you can go for a standalone store, mall kiosk, or a shop-in-shop format. Each option comes with its own set of pros and cons. For instance, a standalone store offers increased visibility and flexibility in terms of store design, but it can be expensive to rent.

  • Consider a high traffic area with a large number of residential and commercial customers.
  • Choose an easily accessible location with ample parking space.
  • Avoid areas with high competition and low demand.
  • Negotiate with the landlord over the terms of the lease.

Another important consideration when selecting a location is zoning and permits. Ensure that the location you choose supports a business like yours and that you obtain all the necessary permits and licensing before launching the business.

Estimate the cost of setting up the location, including rent, utilities, insurance, and any upgrades or repairs required. Ensure that your budget covers all the costs associated with getting the location up and running before officially opening the doors to the public.

Finally, promote your business's location once it's operational. Use local media, flyers, billboards, and other advertising channels to reach a broader audience. Word of mouth is also a powerful marketing tool, so encourage loyal customers to refer their friends and family.

Establishing a location for your cell phone repair business requires careful consideration of factors such as location type, zoning and permits, cost estimation, and marketing. By taking the necessary steps to establish a robust location for your business, you increase your chances of success and attract more customers.

Secure Funding

Once you have determined your startup costs, you will need to secure funding to get your cell phone repair business up and running. Depending on the scope of your business, you may require a significant amount of funding to cover expenses such as equipment, supplies, staff salaries, and marketing costs.

Tips for Securing Funding:

  • Research funding options: Consider applying for a business loan from a bank or credit union, seeking out investors, or exploring crowdfunding platforms such as Kickstarter or GoFundMe.
  • Prepare a business plan: To increase your chances of securing funding, create a strong business plan that outlines your goals, target market, revenue projections, and marketing strategy.
  • Present a professional image: When seeking funding, it's important to present a professional image. Make sure your website, business cards, and marketing materials are well-designed and convey a clear message about your business.

It's important to be realistic about your funding needs and to have a solid financial plan in place before approaching lenders or investors. By presenting a clear, well-thought-out plan, you can increase your chances of securing the funding you need to get your cell phone repair business up and running.

Once you have determined the needs of your cell phone repair business, it's time to hire staff to help run the day-to-day operations. When it comes to hiring staff, it's important to remember that they will be the face of your business, interacting with customers and carrying out the services you offer. With this in mind, you'll want to ensure that the people you hire are both skilled and customer-oriented.

Tips for Hiring Staff

  • Know your needs: Review your business plan to determine the roles and responsibilities you need to fill. Your cell phone repair business may need certified technicians, receptionists, sales associates, or other positions. Know what type of employee you're looking for and what skills and qualities are important.
  • Look for relevant experience: Experience in customer service, sales, or technology can be valuable for your cell phone repair business. Consider previous jobs or roles that required technical skills or interaction with customers. Prior experience in cell phone repair is also a plus.
  • Conduct thorough interviews: Ask open-ended questions and listen carefully to responses. Look for applicants who show enthusiasm about the job and an interest in the technology behind cell phone repair. Ask about their prior experiences and how they handle customer service-related problems.
  • Check references: Ask for references and follow up on them. Contact previous employers to learn more about the applicant's skills and work history. This information can help you determine if they're the right fit for your business.
  • Offer competitive compensation: It's important to offer a fair salary or hourly wage to attract the best candidates. In addition, be sure to offer benefits such as healthcare, paid vacation time, and other perks to show that you value your employees.

Remember that hiring the right staff is key to the success of your cell phone repair business. Take the time to find the right people who are both skilled and customer-oriented, and you'll be on your way to building a loyal customer base.

Starting a cell phone repair business can be a profitable venture, but it requires careful planning and execution. By following these 9 steps, you can create a solid business plan that will set you on the path to success. Conducting market research, identifying your target market, analyzing your competitors, determining startup costs, developing a pricing strategy, creating a marketing plan, establishing a location, securing funding, and hiring staff are all crucial components of the planning process. Keep in mind that a business plan is not set in stone and will need to be adjusted as your business grows and changes.

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Mobile Repairing Online

Create thriving cell phone repair business: a step-by-step plan, the ultimate cell phone repair business plan, the state of the cell phone repair market: insights and trends, defining your target market before starting, starting a cell phone repair business: what you need to know about costs, ensure your startup is free of cell phone repair legal issues, the equipment and supplies for a profitable cell phone repair business.

  • Cell phone repair tools and equipment. try to buy an all-in-one cell phone repair kit can save you cost and time
  • Parts and components for repairing cell phones, especially cell phone screens and cell phone battery
  • A computer and printer for invoicing and record keeping
  • A website and social media presence to market your business

Choose the Right Cell Phone Repair Business Model for Your Needs

  • Retail repair shops: Physical stores that offer repair services for cell phones, tablets, and other electronic devices.
  • Mobile repair services: Companies that offer on-site repair services for cell phones, often at the customer's home or office.
  • Mail-in repair services: Customers send in their damaged devices for the repair and receive the repaired device back through the mail.
  • Wholesale repair services: Businesses that offer bulk repair services to retailers, manufacturers, and insurance companies.

Protect Your Cell Phone Repair Business with the Right Insurance

  • General liability insurance: Protects against third-party claims for bodily injury or property damage.
  • Property insurance: Covers damage to the business's physical location, equipment, and inventory.
  • Business interruption insurance: Provides financial protection in the event of a temporary shutdown due to a covered event such as a fire or natural disaster.
  • Professional liability insurance: Covers claims related to errors or omissions in the repair process.
  • Workers' compensation insurance: Required in most states for businesses with employees, this coverage provides financial protection in case of on-the-job injury or illness.

Marketing Your Cell Phone Repair Business

  • Creating a website and social media presence
  • Networking with other business owners in your community
  • Offering promotions and discounts to attract new customers
  • Participating in local events and sponsoring community events

Boost Your Cell Phone Repair Sales with 7 Proven Techniques

  • Offer competitive pricing: Be aware of market prices for repair services and adjust your prices accordingly to remain competitive.
  • Build trust with customers: Provide excellent customer service, transparent pricing, and quality repairs to build a positive reputation and earn repeat business.
  • Offer warranty: Offer a warranty on repairs to instill confidence in customers and encourage them to choose your business over competitors.
  • Use social media: Utilize social media platforms to showcase your business and reach new customers. Share customer reviews and testimonials to build trust and credibility.
  • Partner with other businesses: Partner with other local businesses to cross-promote services and reach new customers.
  • Offer value-added services: Offer additional services such as screen protectors, case covers, and accessories to increase average sales per customer.
  • Provide excellent customer service: Respond promptly to customer inquiries and resolve any issues quickly to maintain a positive customer experience.

Pricing Your Cell Phone Repair Services

  • Cost of parts: The cost of replacement parts is a major factor in determining the price of a repair. Make sure to factor in the cost of parts, shipping, and handling when setting prices.
  • Labor cost: The cost of labor, including the hourly rate of technicians, is another factor to consider when pricing repairs.
  • Market competition: Research the prices of competitors to determine a competitive price for your services.
  • Location: The cost of living and local market demand can impact the prices of cell phone repair services.
  • Type of repair: The complexity of the repair, including the time and skill required, will impact the price.
  • Warranty: Consider offering a warranty on repairs as an added value for customers and a way to differentiate from competitors.
  • Volume discounts: Offer discounts for bulk repairs or repeat business to incentivize customers to choose your business over competitors.

6 Deliver Exceptional Customer Service in Your Cell Phone Repair Business

  • Be responsive: Respond promptly to customer inquiries and resolve any issues as quickly as possible.
  • Be transparent: Provide clear, upfront pricing and explain the repair process to customers to instill confidence and trust.
  • Be knowledgeable: Train yourself or your store technicians to have a thorough understanding of the repair process and various devices to provide accurate information and advice to customers.
  • Keep customers informed: Keep customers informed throughout the repair process and provide regular updates on the status of their devices.
  • Solve problems: If a customer experiences any issues with a repair, take the necessary steps to resolve the issue and make it right.
  • Seek feedback: Encourage customers to provide feedback and take any suggestions or criticisms into consideration when making improvements to your business.

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How to open a mobile phone repair shop?

open a mobile phone repair shop

Are you keen to open a mobile phone repair shop but don't know where to begin? Then you're in luck because this guide will lead you through all the steps required to check if your business idea can be profitable and, if so, turn it into a reality. 

Our guide is for prospective entrepreneurs who are thinking about starting a mobile phone repair shop no matter how far they are in their journey - whether you’re just thinking about it or in the middle of market research this guide will be useful to you.

Think of this as your blueprint: we cover everything you need to know about opening a mobile phone repair shop and what key decisions you’ll need to make along the way.

Ready? Let’s get started!

In this guide:

  • Understanding how a mobile phone repair shop works

Assembling your mobile phone repair shop's founding team

Conducting market research for a mobile phone repair shop.

  • Choosing the right concept and positioning for your mobile phone repair shop
  • Deciding where to base your mobile phone repair shop
  • Choosing your mobile phone repair shop's legal form

Calculating the budget to open a mobile phone repair shop

  • Creating a sales & marketing plan for your mobile phone repair shop
  • Building your mobile phone repair shop's financial forecast
  • Finding a name and registering your mobile phone repair shop

Deciding upon the corporate identity of your mobile phone repair shop

  • Understanding the legal and regulatory steps involved in opening a mobile phone repair shop
  • Writing a business plan for your mobile phone repair shop
  • Financing the launch of your mobile phone repair shop

Launching your mobile phone repair shop and monitoring progress against your forecast

Key takeaways, learn how a mobile phone repair shop works.

Before you can start a mobile phone repair shop, you need to have a solid understanding of how the business works and what are its main revenue streams.

This will give you a glimpse into the profitability potential of your venture, whilst allowing you to decide whether or not it is a good fit for your situation (current skill set, savings and capital available to start the business, and family responsibilities).

It may be that creating a mobile phone repair shop is an excellent idea, but just not the right one for you.

Before starting their own company, successful entrepreneurs typically:

  • Consult with and take advice from experienced mobile phone repair shop owners 
  • Acquire hands-on experience by working in an operational mobile phone repair shop

Take relevant training courses

Let's explore each option in a bit more detail.

Consulting with and taking advice from experienced mobile phone repair shop owners

Having "seen it all", established business owners can offer valuable insights and hands-on advice drawn from their own experiences.

This is because, through both successes and failures, they've gained a more informed and practical understanding of what it takes to build and sustain a successful mobile phone repair shop over the long term.

Acquiring hands-on experience by working in an operational mobile phone repair shop

If you want to open a mobile phone repair shop, having industry-specific experience is imperative because it equips you with the knowledge, network, and acumen necessary to navigate challenges and make informed decisions critical to the success of your future business.

You'll also be able to judge whether or not this business idea is suitable for you or if there might be conflicts of interest with your personal life (for example, long working hours could be incompatible with raising young children).

This work experience will also help you to make contacts in the industry and familiarise yourself with customers and their expectations, which will prove invaluable when you set up your mobile phone repair shop.

Taking a training course is another way of familiarising yourself with the business model of your future activity before you decide to make the jump.

You may choose to complete a training course to obtain a certificate or degree, or just take online courses to acquire practical skills.

Before going any further in setting up your venture

Before you go any further with your plans to open a mobile phone repair shop, make sure you have a clear vision of what it will take in terms of:

  • What skills are needed to run the business successfully (do you have some or all of these skills?)
  • What a standard working week looks like (does it suit your personal commitments?)
  • What sales potential and long-term growth prospects the mobile phone repair shop has (compare this with your level of ambition)
  • What options you'll have once you decide to retire (or move on and inevitably sell the company)

This analysis of the business model and the constraints of the business should help you to check that your idea of launching a mobile phone repair shop fits your entrepreneurial profile.

If there is a match, it will then be time to look at assembling the founding team of your business.

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The next step to opening your mobile phone repair shop is to think about the ideal founding team, or to decide to go in alone.

Starting and growing a successful business doesn't have to be a solo journey and setting up a mobile phone repair shop with several co-founders is generally easier. The business benefits from a management team with a wider skillset, decisions are made together, and the financial risk is shared among the partners, making the journey more collaborative and less daunting.

But, running a business with several partners brings its own challenges. Disagreements between co-founders are quite common, and these can pose risks to the business. That's why it's crucial to consider all aspects before starting your own business.

We won't go into too much detail here, as this is a complex topic that deserves its own guide, but we do recommend that you ask yourself the following questions:

What is the ideal number of co-founders for this venture?

Are you on the same wavelength as your potential partners in terms of vision and ambition , how will you deal with potential failure.

Let's look at each of these questions in more detail.

To answer this question you will need to consider the following:

  • What skills do you need to run the business? Are you lacking any?
  • How much startup capital do you need? How much do you have?
  • How are key decisions going to be made? - It is usually advisable to have an odd number of partners (or a majority shareholder) to help break the tie.

Put simply, your co-founders contribute skills, capital, or both. Increasing the number of partners becomes advantageous when there is a deficiency in either of these resources.

Your business partners should share the same short and long-term vision, be it business expansion or social responsibility, to avoid future frustrations and simplify decision-making. Different views are natural, but alignment is ideal.

In any case, you should think of having an exit mechanism in place in case one of the partners wants to move on.

We wish you nothing but success when starting up and growing your mobile phone repair shop, but it's always wise to have a backup in case things don't go as planned.

How you deal with a potential failure can vary significantly based on the relationship you have with your business partner (close friend, spouse, ex-colleague, etc.) and the personal circumstances of each of you. 

For instance, starting a business with your spouse might seem appealing, but if it doesn't succeed, you risk losing 100% of the household income at once, which could be stressful.

Similarly, going into a partnership with a friend can put pressure on the friendship in the event of failure or when you need to make difficult decisions.

There is no wrong answer, but it is essential to carefully evaluate your options before starting up to ensure you're well-prepared for any potential outcomes.

The next step in launching a mobile phone repair shop is to carry out market research. Let's take a look at what this involves.

The objectives of market research

The objective here is very simple: to assess the level of demand for your business and whether there is an opportunity for it to thrive in your chosen location. 

The first step will be to check that the market is not saturated with competing offers and that there is room for a new player: your mobile phone repair shop.

Your market analysis will also help you identify a concept and market positioning that has every chance of being successful in your target market, thereby helping increase your business's chances of success.

Carrying out market research for your mobile phone repair shop will also enable you to better understand the expectations of your future customers and the most effective ways to communicate with them in your marketing plan.

Analyse key trends in the industry

Your market research should start with an industry analysis in order to gain a good understanding of the main players and current trends in your sector.

Once you've delved into the current state of the market, it will be time to assess what proportion of your target market can be seized by your mobile phone repair shop. To do this, you will need to consider both the demand and supply side of the market.

Assess the demand

After checking out the industry, let's shift our focus to figuring out what your potential customers want and how they like to buy.

A classic mistake made by first-time entrepreneurs is to assess demand on the global or national market instead of concentrating on their target market. Only the market share that can be captured by your company in the short term matters. 

Your demand analysis should seek to find answers to the following questions:

  • Who are your target customers?
  • How many are there?
  • What are their expectations?
  • What are their buying habits?
  • How much budget do they have?
  • What are the different customer segments and their characteristics?
  • What are the main distribution channels and means of communication for reaching each segment?

The aim of the demand analysis is to identify the customer segments that could be targeted by your mobile phone repair shop and what products and services you need to offer to meet their expectations.

Analyse the supply side

You will also have to familiarize yourself with the competing mobile phone repair shops on the market targeted by your future business.

Amongst other things, you’ll need to ask yourself:

  • Who are the main competitors?
  • How many competitors are already present?
  • Where are they located?
  • How many people do they employ?
  • What is their turnover?
  • How do they set their prices?
  • Are they small independent businesses or national players?
  • Do they seem to be in difficulty or are they flourishing? 
  • What is their market positioning?
  • What types of products and services do they offer?
  • What do customers seem to like about them?

The aim of the competitive analysis is to identify who your competitors will be and to gather information that will help you find a differentiating commercial positioning (more on that later in this guide).

Regulations

Conducting market research is also an opportunity to look at the regulations and conditions required to do business.

You should ask yourself the following questions:

  • Do you need to have a specific degree to open a mobile phone repair shop?
  • Do you need specific licences or permits?
  • What are the main regulations applicable to your future business?

Given that your project is at an early stage, your focus should be to clear that there are no roadblocks from a regulatory standpoint before you deep dive into the planning process.

Once your project is more advanced, you will have the opportunity to talk about regulation more in-depth with your lawyer.

Concluding your market research

By the time your market research is completed, you should have either:

  • Pinpointed an untapped business opportunity
  • Or arrived at the realisation that the market is saturated, prompting the search for alternative business ideas or models.

If the conclusion is that there is an opportunity in the market to cater to one or more customer segments currently overlooked by competitors, that's great!

Conversely, if you come to the conclusion that the market is already saturated, don’t panic! The good news is that you won’t spend several years working hard on a project that has little chance of success. There is no shortage of business ideas either - at The Business Plan Shop, we have identified more than 1,300 potential business ideas!

Don't start from scratch!

With dozens of business plan templates available, get a clear idea of what a complete business plan looks like

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How should I position my mobile phone repair shop on the market?

The next step to start your mobile phone repair shop is to define precisely the market positioning your company will adopt in order to capitalise on the opportunity identified during your market research.

Market positioning refers to the place your product and service offering occupies in customers' minds and how they differ from the competition. Being perceived as a low-cost solution, for example.

To find a concept and a market positioning that will resonate with your customers, you need to address the following issues: 

How can you differentiate yourself from your competitors?

Do you have the option of joining a franchise to reduce risk, is it better to start or buy a mobile phone repair shop already in operation, how will you validate your concept and market positioning before investing in the business.

Let's look at these aspects in more detail.

Opening a mobile phone repair shop means starting with a major disadvantage compared with competitors already active on the market. 

While you will have to create everything from scratch, your competitors already have everything in place.

Your competitors' teams know the business well, whereas yours has only just been recruited, their customers are loyal and they benefit from word of mouth that you don't yet have.

So you're going to need a solid plan to succeed in taking market share from your competitors and making your mark.

There are a number of aspects to consider in order to try to avoid direct confrontation if possible: 

  • Can you target a different customer base than your competitors?
  • Can you offer products or services that are different from or complementary to what your competitors already sell?
  • How will your competitors react to your mobile phone repair shop entering their market?
  • Can you build a sustainable competitive advantage that will enable you to compete with your current and future competitors?

A proven way of reducing the risk of your business venture is to join a franchise.

Joining a mobile phone repair shop franchise means you don't have to start from scratch. You benefit from the brand recognition of a group and support with operational processes, relations with suppliers, recruitment, etc.

On the flip side, being part of a franchise will restrict your personal freedom, and you'll have to pay an entry fee and an annual royalty (typically a percentage of your sales).

Nevertheless, where possible, starting up as a franchise is generally a good way of reducing risks, especially if you're up against competitors with well-known brands.  

Please note, however, that franchising opportunities vary from country to country and region to region, so there is no guarantee that you'll be able to find a franchise.

The other alternative to setting up a new independent business is to buy out and take over a mobile phone repair shop already in operation. 

Here too, a takeover is a good way of reducing the risk of your project compared with a pure start-up.

Taking over a business has two enormous advantages over setting up a new one: you start out on an equal footing with your competitors since you take over the team and the customer base, and you don't increase the supply on the market enabling you to maintain the existing balance on the market where the business operates.

However, as with franchising, the capital requirements for a takeover are higher because the business will have to be bought from its previous owners.

However you decide to set up your business, you will need to ensure that there is a good fit between what you sell and what customers are looking to buy.

To do this, you'll need to meet your target customers to present your products or services and check that they meet their expectations.

Where should I base my mobile phone repair shop?

The next step in our guide on starting a mobile phone repair shop involves making a key choice about where you want your business to be located.

Picking the ideal location for your business is like selecting the perfect canvas for a painting. Without it, your business might not showcase its true colors.

We recommend that you take the following factors into account when making your decision:

  • Visibility and foot traffic: A mobile phone repair shop relies on attracting customers, so being in a visible location with high foot traffic is important for potential customers to notice the business and stop by for repairs.
  • Parking space, road and public transport accessibility: Customers may have to drive to the repair shop, so having parking space and easy access to main roads is important. Public transport accessibility can also attract customers who rely on public transportation.
  • Proximity to target customers: The repair shop should be located in an area where the target customers, such as students or office workers, are likely to be present.
  • Competitor presence: While competition can be a challenge, it also indicates a demand for the service in the area. Being located near competitors can also attract customers looking for the best option.

This list is not comprehensive and will have to be adjusted based on the details of your project. 

The parameters to be taken into account will also depend on whether you opt to rent premises or buy them. If you are a tenant, you will need to consider the conditions attached to the lease: duration, rent increase, renewal conditions, etc.

Lease agreements differ widely from country to country, so it's essential to review the terms that apply to your situation. Before putting pen to paper, consider having your lawyer look carefully at the lease.

What legal form should I choose for my mobile phone repair shop?

The next step to start a mobile phone repair shop is to choose the legal form of your business.

The legal form of a business simply means the legal structure it operates under. This structure outlines how the business is set up and defines its legal obligations and responsibilities.

Why is your mobile phone repair shop's legal form important?

Choosing the right legal form for your mobile phone repair shop is important because this will affect:

  • Taxation: your tax obligations depend on the legal structure you choose, and this principle applies to both personal income tax and business taxes.
  • Risk exposure: some legal structures have a legal personality (also known as corporate personality) and limited liability, which separates them from the owners running the business. This means that the business would be liable rather than the owners if things were to go wrong (lawsuit, debt owed in case of bankruptcy, etc.).
  • Decision-making and governance: how you make key decisions varies based on the legal form of your business. In some cases you might need to have a board of directors and organise general assemblies to enable shareholders to influence major decisions with their voting rights.
  • Financing: securing funding from investors requires you to have a company and they will expect limited liability and corporate personality to protect them legally.
  • Paperwork and legal formalities: the legal structure you select determines whether certain obligations are necessary, such as producing annual accounts, or getting your books audited.

Popular business legal forms

The specific names of legal structures vary from country to country, but they usually fall within the two main categories below:

Individual businesses

Individual businesses, like sole traders or sole proprietorships, are made for self-employed entrepreneurs and freelancers rather than businesses which employ staff.

They benefit from straightforward administrative requirements, minimal paperwork to start, simpler tax calculations, and streamlined accounting procedures.

However, the downside is that there's typically no legal distinction between the business and the person responsible for day-to-day operations. This means the owner's personal assets are at risk if the business faces problems or goes bankrupt.

There is also no share capital in such a structure, meaning that individual businesses cannot raise equity from investors which seriously limits funding options.

Companies are versatile structures suited to projects of all sizes in terms of number of founders, number of employees and amount of capital.

They are a bit more complex to operate than individual businesses with more formalities, stringent accounting requirements, more complex tax implications, etc.

In return, they offer stronger protections to their shareholders. They usually benefit from having their own legal identity and limited liability, meaning co-founders and investors can only ever lose the amount of money they have put into the company.

For instance, if things were to go south (the company files for bankruptcy or there is a legal issue), the company would take the hit, safeguarding the personal assets of the founders and investors.

How should I choose my mobile phone repair shop's legal structure?

Deciding on a legal form is easy once you've estimated your sales, decided whether or not you need employees and figured out the number of co-founders joining you.

It's essential to remember that a solid business idea will succeed no matter which legal structure you pick. Tax laws change regularly, so you can't rely on specific tax advantages tied to a particular structure when starting a business.

A proven approach is to look at what legal structures your top competitors are using, and go with the most common option as a working assumption. Once your idea is mature enough, and you're getting closer to officially registering your business, you can get advice from a lawyer and an accountant to confirm your choice.

Can I switch my mobile phone repair shop's legal structure if I get it wrong?

Yes, changing your legal structure later is possible, though it may involve selling the old entity to a new entity in some cases, which adds further expenses. If you want to save on such costs, it makes sense to pick the correct legal form for your business the first time around.

The next step to opening a mobile phone repair shop involves thinking about the equipment and staff needed to launch and run your business on a day-to-day basis.

Each project has its own characteristics, which means that it is not possible to estimate the budget for opening a mobile phone repair shop without building a complete financial forecast.

So be careful when you see estimates circulating on the Internet. As with all figures, ask yourself these questions:

  • Is my project similar (location, concept, size, etc.)?
  • How recent is the information?
  • Is it from a trustworthy source?

Startup costs and investments to open a mobile phone repair shop

For a mobile phone repair shop, the initial working capital requirements and investments may include the following elements:

  • Repair Equipment: This includes tools and machines needed for mobile phone repair such as screwdrivers, soldering irons, and heat guns. These are essential for repairing various components of a mobile phone and ensuring quality repairs.
  • Inventory: As a mobile phone repair shop, you will need to keep a stock of replacement parts for common phone models. This can include screens, batteries, and other components. Investing in inventory will ensure that you can quickly and efficiently complete repairs for your customers.
  • Workstations: A mobile phone repair shop requires workstations for technicians to work on repairs. This can include tables, chairs, and lighting. These workstations should be comfortable and well-equipped for technicians to perform their tasks efficiently.
  • Software: Mobile phone repair shops also need specialized software for tasks such as tracking inventory, managing customer data, and creating invoices. Investing in reliable and efficient software can help streamline processes and improve overall efficiency.
  • Security System: To protect your valuable inventory and equipment, it is important to invest in a security system for your shop. This can include cameras, alarms, and locks to ensure the safety of your business.

Of course, you will need to adapt this list to your company's specific needs.

Staffing plan to operate a mobile phone repair shop

To establish an accurate financial forecast for your mobile phone repair shop, you will also need to assess your staffing requirements.

The extent to which you need to recruit will of course depend on your ambitions for the company's growth, but you might consider recruiting for the following positions:

Once again, this list is only indicative and will need to be adjusted according to the specifics of your mobile phone repair shop.

Other operating expenses required to run a mobile phone repair shop

You also need to consider operating expenses to run the business:

  • Staff Costs: This includes the salaries and wages of your employees, as well as any benefits such as health insurance or retirement plans.
  • Accountancy Fees: You may need to hire an accountant to handle your financial records, taxes, and other financial tasks.
  • Insurance Costs: As a mobile phone repair shop, you may need insurance to cover any potential damages to devices or injuries to customers or employees.
  • Software Licences: You may need to purchase licenses for software programs used in your repair shop, such as inventory management or scheduling software.
  • Banking Fees: This includes fees for maintaining a business bank account, as well as transaction fees for credit card or debit card payments.
  • Rent or Lease: If you are not operating out of a home office, you will likely have to pay rent or lease fees for your physical shop space.
  • Utilities: This includes electricity, water, and other utility bills for your shop.
  • Inventory Costs: You will need to purchase inventory, such as replacement parts and accessories, to keep in stock for repairs.
  • Marketing and Advertising: To attract customers, you may need to invest in marketing and advertising efforts, such as social media ads or flyers.
  • Equipment and Supplies: This includes any necessary equipment for repairs, as well as general supplies like paper towels and cleaning products.
  • Training and Development: As technology is constantly evolving, you may need to invest in ongoing training and development for yourself and your employees to stay updated on repair techniques and new devices.
  • Legal Fees: You may need to hire a lawyer for legal advice or assistance with contracts or other legal matters.
  • Maintenance and Repairs: Your shop equipment and tools may require regular maintenance and repairs to keep them in working condition.
  • Office Supplies: This includes any necessary supplies for the day-to-day operation of your shop, such as printer paper, pens, and notepads.
  • Taxes and Permits: You will need to pay taxes on your business income, as well as acquire any necessary permits or licenses.

This list will need to be adapted to the specifics of your mobile phone repair shop but should be a good starting point for your budget.

Create a sales & marketing plan for your mobile phone repair shop

The next step to launching your mobile phone repair shop is to think about the actions you need to take to promote your products and services and build customer loyalty.

Here, you'll be looking at the following issues:

  • What is the best method to attract as many new customers as possible?
  • How to build customer loyalty and spread word of mouth?
  • What human and financial resources will be required to implement the planned actions?
  • What level of sales can I expect to generate in return?

The precise sales and marketing levers to activate will depend on the size of your mobile phone repair shop. But you could potentially leverage some of the initiatives below.

Besides your sales and marketing plan, your sales forecast will be affected by seasonal patterns related to the nature of your business, such as fluctuations during the holiday season, and your competitive landscape.

How do I build my mobile phone repair shop financial forecast?

Let's now look at the financial projections you will need to prepare in order to open a mobile phone repair shop.

What is a mobile phone repair shop's financial projection?

Your financial forecast will help you budget your project so that you can evaluate:

  • Its expected sales and growth potential
  • Its expected profitability, to ensure that the business will be viable
  • Its cash generation and financing requirements

Making your financial forecast is the only way to determine the amount of initial financing required to create your mobile phone repair shop.

There are lots of business ideas out there, but very few of them are viable, and making a financial forecast is the only way to ensure that your project makes economic and financial sense.

Creating a mobile phone repair shop financial projection is an iterative process, as you'll need to refine your figures as your business idea matures.

You'll start with a first high-level version to decide whether or not to continue working on the project.

Then, as your project takes shape, your forecasts will become increasingly accurate. You'll also need to test different assumptions to ensure that your idea of starting a mobile phone repair shop holds up even if your trading environment deteriorates (lower sales than expected, difficulties in recruiting, sudden cost increases or equipment failure problems, for example).

financial forecast for a mobile phone repair shop

Your financial forecast will be part of your overall business plan, which we'll look at in more detail later. Your financial partners will use your business plan to decide if they want to finance you.

Once you've launched your business, you can compare your actual accounting figures with your forecasts, to analyze where the discrepancies come from, and then update your forecasts to maintain visibility over your future cash flows.

Financial forecasts are, therefore, a financial management tool that will be with you throughout the life of your company.

What does a financial projection look like?

The following financial tables will be used to present your mobile phone repair shop's financial forecast.

The projected P&L statement

Your mobile phone repair shop's forecasted P&L statement will enable you to visualise your mobile phone repair shop's expected growth and profitability over the next three to five years.

example of projected income statement for starting a mobile phone repair shop

The projected balance sheet of your mobile phone repair shop

The projected balance sheet gives an overview of your mobile phone repair shop's financial structure at the end of the financial year.

financial forecast to open a mobile phone repair shop balance sheet example

The cash flow projection

A cash flow forecast for a mobile phone repair shop shows the projected inflows and outflows of cash over a specific period, providing insights into liquidity and financial health.

cash flow projection example to launch a mobile phone repair shop

Which solution should you use to make a financial forecast for your mobile phone repair shop?

The easiest and safest way to create your mobile phone repair shop forecasts is to use an online financial forecasting software , like the one we offer at The Business Plan Shop.

There are several advantages to using professional software:

  • You can easily create your financial forecast by letting the software take care of the financial calculations for you without errors
  • You have access to complete financial forecast templates
  • You get a complete financial forecast ready to be sent to your bank or investors
  • The software helps you identify and correct any inconsistencies in your figures
  • You can create scenarios to stress-test your forecast's main assumptions to stress-test the robustness of your business model
  • After you start trading, you can easily track your actual financial performance against your financial forecast, and recalibrate your forecast to maintain visibility on your future cash flows
  • You have a friendly support team on standby to assist you when you are stuck

If you are interested in this type of solution, you can try our forecasting software for free by signing up here .

Choose a name and register your mobile phone repair shop

The next phase in launching your mobile phone repair shop involves selecting a name for your company.

This stage is trickier than it seems. Finding the name itself is quite fun; the difficulty lies in finding one that is available and being the first to reserve it.

You cannot take a name that is similar to a name already used by a competitor or protected by a registered trademark without inevitably risking legal action.

So you need to find a name that is available, and be able to register it before someone else can.

In addition, you will probably want to use the same name for:

  • Your company’s legal name - Example LTD
  • Your business trading name - Example
  • The trademark - Example ® 
  • Your company’s domain name - Example.com

The problem is that the procedures for registering these different names are carried out in different places, each with their own deadlines:

  • Registering a domain name takes only a few minutes
  • Registering a new trademark takes at least 12 weeks (if your application is accepted)
  • The time taken to register a new business depends on the country, but it's generally fast

You will therefore be faced with the choice of: either registering everything at once and hoping that your name will be accepted everywhere, or proceeding step by step in order to minimise costs, but taking the risk that someone else will register one of the names you wanted in the meantime.

Our advice is to discuss strategy with your legal counsel (see further down in this guide) and prioritise your domain names and registered trademarks. You'll always have the option of using a trade name that's different from your company's legal name, and that's not a big deal.

To check that the name you want is not already in use, you should consult:

  • Your country's business register
  • The relevant trademark registers depending on which countries you want to register your trade mark in
  • A domain name reservation company such as GoDaddy
  • An Internet search engine

In this area too, your legal counsel will be able to help with the research and formalities.

The next step in opening a mobile phone repair shop is to look at your company's visual identity. 

Your company's “visual identity” plays a crucial role in shaping your brand image. It helps you to be recognizable and to stand out from your competitors. 

Although you can define your visual identity yourself, it is generally advisable to call on the services of a designer or marketing agency to achieve a professional result.

At a minimum, you will need to define the following elements: 

Brand guidelines

Business cards, website theme.

Your mobile phone repair shop's logo allows others to quickly identify your company. It will be used on all your communication media (website, social networks, business cards, etc.) and official documents (invoices, contracts, etc.).

In addition to its design, it's important that your logo is available in a variety of colors, so that it can be seen on all media (white, dark background, etc.).

Having brand guidelines enables you to maintain consistency in formatting across all your communications media and official documents. 

Brand guidelines define the font (family and size), design and colours used by your brand. 

In terms of fonts, for example, you may use Roboto in size 20 for your titles and Lato in size 14 for your texts. 

The colours used to represent your brand should generally be limited to five: 

  • The main colour, 
  • A secondary colour (the accent),
  • A dark background colour (blue or black),
  • A grey background colour (to vary from white),
  • Possibly another secondary colour.

Designing business cards for your mobile phone repair shop is a must, as they will allow you to communicate your contact details to your customers, suppliers, partners, potential recruits, etc. 

In principle, they will include your logo and the brand guidelines that we mentioned above.

In the same way, the theme of your mobile phone repair shop website will be based on your logo and the brand guidelines we mentioned above.

This involves defining the look and feel of your site's main graphic elements:

Navigate the legal and regulatory requirements for launching your mobile phone repair shop

The next thing to do in getting a mobile phone repair shop off the ground is to handle all the legal and regulatory requirements. We recommend that you be accompanied by a law firm for all of the steps outlined below.

Intellectual property

One of your priorities will be to ensure that your company's intellectual property is adequately protected.

As explained before, you can choose to register a trademark. Your lawyer can help you with a detailed search to make sure your chosen trademark is unique and doesn't clash with existing ones.

They'll assist in preparing the required documents and steer you in picking the right categories and locations for trademark registration.

Moreover, your lawyer can offer guidance on additional measures to protect other intellectual property assets your company may have.

Getting your mobile phone repair shop paperwork in order

For day-to-day operations, your mobile phone repair shop will need to rely on a set of contractual documents. 

Your exact needs in this respect will depend on the country in which you are launching your mobile phone repair shop, the number of partners and the envisaged size of the company. 

However, you will probably need at least the following documents:

  • Employment contracts 
  • General terms and conditions of sale
  • General terms and conditions of use for your website
  • Privacy Policy for your website
  • Cookie Policy for your website

Applying for licences and permits and registering for various taxes

Operating your business legally may require licences and business permits. The exact requirements applicable to your situation will depend on the country in which you set up your mobile phone repair shop.

The lawyers who advise you will also be able to guide you with regard to all the rules applicable to your business.

Similarly, your accountant will be able to help you take the necessary steps to comply with the tax authorities.

Create a business plan for your mobile phone repair shop

The next step to open a mobile phone repair shop: put together your business plan.

What is a business plan?

To keep it simple, a business plan comprises two crucial components:

  • Firstly, a numerical part, the financial forecast (which we mentioned earlier), which highlights the initial financing requirements and profitability potential of the mobile phone repair shop,
  • And a written, well-argued section that presents your project in detail, aims to convince the reader of its chances of success, and provides the context needed to assess whether the forecast is realistic or not.

The business plan will enable you to verify the coherence of your project, and ensure that the company can be profitable before incurring further costs. It will also help you convince business and financial partners.

As you can see, your business plan must be convincing and error-free.

How to write a business plan for a mobile phone repair shop?

Nowadays, the modern and most efficient way to write a mobile phone repair shop business plan is to use startup business plan software like the one we offer at The Business Plan Shop.

example of business plan to start a mobile phone repair shop made with The Business Plan Shop

Using The Business Plan Shop to create a business plan for amobile phone repair shop has several advantages :

  • You are guided through the writing process by detailed instructions and examples for each part of the plan
  • You can access a library of dozens of complete startup business plan samples and templates for inspiration
  • You get a professional business plan, formatted and ready to be sent to your bank or investors
  • You can create scenarios to stress test your forecast's main assumptions
  • You can easily track your actual financial performance against your financial forecast by importing accounting data
  • You can easily update your forecast as time goes by to maintain visibility on future cash flows

If you're interested in using this type of solution, you can try The Business Plan Shop for free by signing up here .

How to raise finance for my mobile phone repair shop?

Once your business plan has been drafted, you’ll need to think about how you might secure the financing necessary to open your mobile phone repair shop.

The amount of initial financing required will obviously depend on the size of your mobile phone repair shop and the country in which you wish to set up.

Businesses have access to two main categories of financing: equity and debt. Let's take a closer look at how they work and what sources are available.

Equity funding

At a high level, the equity of your mobile phone repair shop will consist of the money that founders and potential investors will invest to launch the company.

Equity is indispensable as it provides the company with a source of long-term (often permanent) financing and demonstrates the founders' conviction in the company's chances of success, since their investments would be lost in the event of bankruptcy.

Equity investors can generate a return on their investment through dividends (which can only be paid out if the company is profitable) or capital gains on the resale of their shares (if the company is attractive enough to attract a buyer).

As you can see, the equity investors' position is extremely risky, since their capital is at risk and can be lost in the event of bankruptcy, and the company must be profitable or resellable before they can hope to generate a return on their investment.

On the other hand, the return on investment that equity investors can expect to generate by investing in a mobile phone repair shop can be very substantial if the company is successful.

This is why equity investors look for start-up ideas with very high growth or profitability potential, in order to offset their risk with a high potential return on investment.

In technical terms, equity includes:

  • Share capital and premiums: which represent the amount invested by the shareholders. This capital is considered permanent as it is non-refundable. In return for their investment, shareholders receive shares that entitle them to information, decision-making power (voting in general assembly), and the potential to receive a portion of any dividends distributed by the company.
  • Director loans: these are examples of non-permanent capital advanced to the company by the shareholders. This is a more flexible way of injecting some liquidity into your company than doing so as you can repay director loans at any time.
  • Reserves: these represent the share of profits set aside to strengthen the company's equity. Allocating a percentage of your profits to the reserves can be mandatory in certain cases (legal or statutory requirement depending on the legal form of your company). Once allocated in reserves, these profits can no longer be distributed as dividends.
  • Investment grants: these represent any non-refundable amounts received by the company to help it invest in long-term assets.
  • Other equity: which includes the equity items which don't fit in the other categories. Mostly convertible or derivative instruments. For a small business, it is likely that you won't have any other equity items.

The main sources of equity are as follows:

  • Money put into the business from the founders' personal savings.
  • Money invested by private individuals, which can include business angels, friends, and family members.
  • Funds raised through crowdfunding, which can take the form of either equity or donations (often in exchange for a reward).
  • Government support to start-ups, for example, loans on favourable terms to help founders build up their start-up capital.

Debt funding

The other way to finance your mobile phone repair shop is to borrow. From a financial point of view, the risk/return profile of debt is the opposite of that of equity: lenders' return on investment is guaranteed, but limited.

When it borrows, your company makes a contractual commitment to pay the lenders by interest, and to repay the capital borrowed according to a pre-agreed schedule.

As you can see, the lenders' return on investment is independent of whether or not the company is profitable. In fact, the only risk taken by lenders is the risk of the company going bankrupt.

To avoid this risk, lenders are very cautious, only agreeing to finance when they are convinced that the borrowing company will be able to repay them without problems.

From the point of view of the company and its stakeholders (workforce, customers, suppliers, etc.), debt increases the risk of the venture, since the company is committed to repaying the capital whether or not it is profitable. So there's a certain distrust towards heavily indebted companies.

Companies borrow in two ways:

  • Against their assets: this is the most common way of borrowing. The bank finances a percentage of the price of an asset (a vehicle or a building, for example) and takes the asset as collateral. If the company cannot repay, the bank seizes the asset and sells it to limit its losses.
  • Against their future cash flows: the bank reviews the company's financial forecast to estimate how much the company can comfortably borrow and repay, and what terms (amount, interest rate, term, etc.) the bank is prepared to offer given the credit risk posed by the company.

When creating a mobile phone repair shop, the first option is often the only one available, as lenders are often reluctant to lend on the basis of future cash flows to a structure that has no track record.

The type of assets that can be financed using the first method is also limited. Lenders will want to be sure that they can dispose of foreclosed assets if needed, so they need to be assets that have an established second-hand market.

That being said, terms and conditions also depend on the lender: some banks are prepared to finance riskier projects, and not all have the same view of your company's credit risk. It also depends on the collateral you can offer to reduce risk, and on your relationship with the bank.

In terms of possible sources of borrowing, the main sources here are banks and credit institutions.

In some countries, it's also possible to borrow from private investors (directly or via crowdlending platforms) or other companies, but not everywhere.

Takeaways on how to finance a mobile phone repair shop

Multiple options are available to help you raise the initial financing you need to launch your mobile phone repair shop.

There are two types of financing available to companies. To open a mobile phone repair shop, an equity investment will be required and may be supplemented by bank financing.

Once you’ve secured financing, you will finally be ready to launch your mobile phone repair shop. Congratulations! 

Celebrate the launch of your business and acknowledge the hard work that brought you here, but remember, this is where the real work begins. 

As you know, 50% of business start-ups do not pass the five-year mark. Your priority will be to do everything to secure your business's future. 

To do this, it is key to keep an eye on your business plan to ensure that you are on track to achieve your goals.

No one can predict the future with certainty, so it’s likely that your mobile phone repair shop's financial performance will differ from what you predicted in your forecast.

This is why it is recommended to make several forecasts: 

  • A base case (most likely)
  • An optimistic scenario
  • And a pessimistic scenario to test the robustness of your financial model

If you follow this approach, your numbers will hopefully be better than your optimistic case and you can consider accelerating your expansion plans. That’s what we wish you anyway!

If, unfortunately, your figures are below your base case (or worse than your pessimistic case), you will need to quickly put in place corrective actions, or consider stopping the activity. 

The key, in terms of decision-making, is to regularly compare your real accounting data to your mobile phone repair shop's forecast to: 

  • Measure the discrepancies and promptly identify where the variances with your base case come from
  • Adjust your financial forecast as the year progresses to maintain visibility on future cash flow and cash position

There is nothing worse than waiting for your accountant to prepare your year-end accounts, which can take several months after the end of your financial year (up to nine months in the UK for example), to realise that the performance over the past year was well below the your base case and that your mobile phone repair shop will not have enough cash to keep running over the next twelve months.

This is why using a financial forecasting solution that integrates with accounting software and offers actuals vs. forecast tracking out of the box, like the financial dashboards we offer at The Business Plan Shop , greatly facilitates the task and significantly reduces the risk associated with starting a business.

  • This guide outlines the 15 key steps to open a mobile phone repair shop.
  • The financial forecast is the tool that will enable you to validate the financial viability of your business idea.
  • The business plan is the document that will enable you to approach your financial and commercial partners to convince them of the strengths of your project and secure the financing you need to launch your business.
  • The real work begins once you've launched your business, and the only way to maintain visibility of your company's future cash flow is to keep your forecast up to date.
  • Using a financial planning and analysis platform that combines forecasting, business planning and actual vs. forecast tracking and monitoring, such as The Business Plan Shop, makes the process easier and reduces the risks involved in starting a business.

We hope this guide has helped you understand how to start a mobile phone repair shop. Please don't hesitate to contact us if you have any questions.

Also on The Business Plan Shop

  • Business plan samples for start-ups

Do you know someone who wants to know how to open a mobile phone repair shop? Share our guide with them!

Guillaume Le Brouster

Founder & CEO at The Business Plan Shop Ltd

Guillaume Le Brouster is a seasoned entrepreneur and financier.

Guillaume has been an entrepreneur for more than a decade and has first-hand experience of starting, running, and growing a successful business.

Prior to being a business owner, Guillaume worked in investment banking and private equity, where he spent most of his time creating complex financial forecasts, writing business plans, and analysing financial statements to make financing and investment decisions.

Guillaume holds a Master's Degree in Finance from ESCP Business School and a Bachelor of Science in Business & Management from Paris Dauphine University.

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Cell Phone Repair Business Plan Template & Guidebook

If you're looking to start a cell phone repair business but don't know how, then look no further. This comprehensive The #1 Cell Phone Repair Business Plan Template & Guidebook is the go-to resource for scaling your business and achieving success. Everything from budgeting and financing, marketing strategies, customer service tips and more are covered in this comprehensive guidebook – allowing you to create an optimized plan with confidence.

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  • How to Start a Profitable Cell Phone Repair Business [11 Steps]
  • 25 Catchy Cell Phone Repair Business Names:

How to Write a Cell Phone Repair Business Plan in 7 Steps:

1. describe the purpose of your cell phone repair business..

The first step to writing your business plan is to describe the purpose of your cell phone repair business. This includes describing why you are starting this type of business, and what problems it will solve for customers. This is a quick way to get your mind thinking about the customers’ problems. It also helps you identify what makes your business different from others in its industry.

It also helps to include a vision statement so that readers can understand what type of company you want to build.

Here is an example of a purpose mission statement for a cell phone repair business:

Our mission is to provide fast, reliable, and affordable mobile device repair services to individuals and businesses across the country. We strive to be a trusted and dependable partner to each of our clients, providing personalized service and attention to detail while delivering the highest quality results.

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2. Products & Services Offered by Your Cell Phone Repair Business.

The next step is to outline your products and services for your cell phone repair business. 

When you think about the products and services that you offer, it's helpful to ask yourself the following questions:

  • What is my business?
  • What are the products and/or services that I offer?
  • Why am I offering these particular products and/or services?
  • How do I differentiate myself from competitors with similar offerings?
  • How will I market my products and services?

You may want to do a comparison of your business plan against those of other competitors in the area, or even with online reviews. This way, you can find out what people like about them and what they don’t like, so that you can either improve upon their offerings or avoid doing so altogether.

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3. Build a Creative Marketing Stratgey.

If you don't have a marketing plan for your cell phone repair business, it's time to write one. Your marketing plan should be part of your business plan and be a roadmap to your goals. 

A good marketing plan for your cell phone repair business includes the following elements:

Target market

  • Who is your target market?
  • What do these customers have in common?
  • How many of them are there?
  • How can you best reach them with your message or product?

Customer base 

  • Who are your current customers? 
  • Where did they come from (i.e., referrals)?
  • How can their experience with your cell phone repair business help make them repeat customers, consumers, visitors, subscribers, or advocates for other people in their network or industry who might also benefit from using this service, product, or brand?

Product or service description

  • How does it work, what features does it have, and what are its benefits?
  • Can anyone use this product or service regardless of age or gender?
  • Can anyone visually see themselves using this product or service?
  • How will they feel when they do so? If so, how long will the feeling last after purchasing (or trying) the product/service for the first time?

Competitive analysis

  • Which companies are competing with yours today (and why)? 
  • Which ones may enter into competition with yours tomorrow if they find out about it now through word-of-mouth advertising; social media networks; friends' recommendations; etc.)
  • What specific advantages does each competitor offer over yours currently?

Marketing channels

  • Which marketing channel do you intend to leverage to attract new customers?
  • What is your estimated marketing budget needed?
  • What is the projected cost to acquire a new customer?
  • How many of your customers do you instead will return?

Form an LLC in your state!

business plan for cell phone repair shop

4. Write Your Operational Plan.

Next, you'll need to build your operational plan. This section describes the type of business you'll be running, and includes the steps involved in your operations. 

In it, you should list:

  • The equipment and facilities needed
  • Who will be involved in the business (employees, contractors)
  • Financial requirements for each step
  • Milestones & KPIs
  • Location of your business
  • Zoning & permits required for the business

What equipment, supplies, or permits are needed to run a cell phone repair business?

Equipment needed to run a Cell Phone Repair business includes:

  • A laptop or desktop computer to diagnose and repair cell phones
  • Specialized tools such as screwdrivers, soldering iron, pliers, etc.
  • Replacement parts for cell phones such as screens, batteries, and speakers
  • Cell Phone Repair manuals and technical reference materials

Supplies needed to run a Cell Phone Repair business include:

  • Protective gear such as safety glasses and gloves
  • Protective cases for customers' devices
  • Isopropyl alcohol and cleaning cloths

5. Management & Organization of Your Cell Phone Repair Business.

The second part of your cell phone repair business plan is to develop a management and organization section.

This section will cover all of the following:

  • How many employees you need in order to run your cell phone repair business. This should include the roles they will play (for example, one person may be responsible for managing administrative duties while another might be in charge of customer service).
  • The structure of your management team. The higher-ups like yourself should be able to delegate tasks through lower-level managers who are directly responsible for their given department (inventory and sales, etc.).
  • How you’re going to make sure that everyone on board is doing their job well. You’ll want check-ins with employees regularly so they have time to ask questions or voice concerns if needed; this also gives you time to offer support where necessary while staying informed on how things are going within individual departments too!

6. Cell Phone Repair Business Startup Expenses & Captial Needed.

This section should be broken down by month and year. If you are still in the planning stage of your business, it may be helpful to estimate how much money will be needed each month until you reach profitability.

Typically, expenses for your business can be broken into a few basic categories:

Startup Costs

Startup costs are typically the first expenses you will incur when beginning an enterprise. These include legal fees, accounting expenses, and other costs associated with getting your business off the ground. The amount of money needed to start a cell phone repair business varies based on many different variables, but below are a few different types of startup costs for a cell phone repair business.

Running & Operating Costs

Running costs refer to ongoing expenses related directly with operating your business over time like electricity bills or salaries paid out each month. These types of expenses will vary greatly depending on multiple variables such as location, team size, utility costs, etc.

Marketing & Sales Expenses

You should include any costs associated with marketing and sales, such as advertising and promotions, website design or maintenance. Also, consider any additional expenses that may be incurred if you decide to launch a new product or service line. For example, if your cell phone repair business has an existing website that needs an upgrade in order to sell more products or services, then this should be listed here.

7. Financial Plan & Projections

A financial plan is an important part of any business plan, as it outlines how the business will generate revenue and profit, and how it will use that profit to grow and sustain itself. To devise a financial plan for your cell phone repair business, you will need to consider a number of factors, including your start-up costs, operating costs, projected revenue, and expenses. 

Here are some steps you can follow to devise a financial plan for your cell phone repair business plan:

  • Determine your start-up costs: This will include the cost of purchasing or leasing the space where you will operate your business, as well as the cost of buying or leasing any equipment or supplies that you need to start the business.
  • Estimate your operating costs: Operating costs will include utilities, such as electricity, gas, and water, as well as labor costs for employees, if any, and the cost of purchasing any materials or supplies that you will need to run your business.
  • Project your revenue: To project your revenue, you will need to consider the number of customers you expect to have and the average amount they will spend on each visit. You can use this information to estimate how much money you will make from selling your products or services.
  • Estimate your expenses: In addition to your operating costs, you will need to consider other expenses, such as insurance, marketing, and maintenance. You will also need to set aside money for taxes and other fees.
  • Create a budget: Once you have estimated your start-up costs, operating costs, revenue, and expenses, you can use this information to create a budget for your business. This will help you to see how much money you will need to start the business, and how much profit you can expect to make.
  • Develop a plan for using your profit: Finally, you will need to decide how you will use your profit to grow and sustain your business. This might include investing in new equipment, expanding the business, or saving for a rainy day.

business plan for cell phone repair shop

Frequently Asked Questions About Cell Phone Repair Business Plans:

Why do you need a business plan for a cell phone repair business.

A business plan is an important document that outlines the mission, goals, and objectives of a business. It also provides potential investors with an overview of the proposed business, its market potential, operational plans, financial projections, and more. Developing a business plan for a cell phone repair business can help entrepreneurs to determine the feasibility of their venture by assessing their market opportunity, operations and funding needs. Additionally, a comprehensive business plan can serve as an effective tool for securing start-up capital from banks and other investors.

Who should you ask for help with your cell phone repair business plan?

You should ask experienced business owners, mentors, and professionals in the cell phone or retail industry. You can also seek advice from small business advisors or consultants at your local Small Business Administration (SBA) office.

Can you write a cell phone repair business plan yourself?

Yes, you can. Writing a business plan for a cell phone repair business requires research and an understanding of the mobile device market, as well as addressing key issues such as funding, operational costs, marketing strategy and future goals. However, if you have the resources and drive to create a business plan on your own, there are many resources available online to help guide you in developing your plan. Additionally, there are several services that offer business plan consulting services specifically for cell phone repair businesses.

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I'm Nick, co-founder of newfoundr.com, dedicated to helping aspiring entrepreneurs succeed. As a small business owner with over five years of experience, I have garnered valuable knowledge and insights across a diverse range of industries. My passion for entrepreneurship drives me to share my expertise with aspiring entrepreneurs, empowering them to turn their business dreams into reality.

Through meticulous research and firsthand experience, I uncover the essential steps, software, tools, and costs associated with launching and maintaining a successful business. By demystifying the complexities of entrepreneurship, I provide the guidance and support needed for others to embark on their journey with confidence.

From assessing market viability and formulating business plans to selecting the right technology and navigating the financial landscape, I am dedicated to helping fellow entrepreneurs overcome challenges and unlock their full potential. As a steadfast advocate for small business success, my mission is to pave the way for a new generation of innovative and driven entrepreneurs who are ready to make their mark on the world.

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1. Don't worry about finding an exact match

We have over 550 sample business plan templates . So, make sure the plan is a close match, but don't get hung up on the details.

Your business is unique and will differ from any example or template you come across. So, use this example as a starting point and customize it to your needs.

2. Remember it's just an example

Our sample business plans are examples of what one business owner did. That doesn't make them perfect or require you to cram your business idea to fit the plan structure.

Use the information, financials, and formatting for inspiration. It will speed up and guide the plan writing process.

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Are you planning to use your plan to apply for a loan or pitch to investors? Then it's worth following the format from your chosen sample plan to ensure you cover all necessary information.

But, if you don't plan to share your plan with anyone outside of your business—you likely don't need everything.

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Sample Cell Phone Repair Shop Business Plan

Cell phone repair company business plan sample.

Whatever the case, a cell phone repair business comes to the aid of phone users whose phones have developed faults and need repairs. It is already assumed that the business owner must have been adequately trained in this field of business (phone repairs).

Daily, there are tons of new phones rolling out of production lines across the world, waiting to be distributed worldwide. With this comes the need for maintenance and repair.

SEE: HOW TO START A PHONE COMPANY

Repairs need to be carried out  on phones due to either prolonged usage which results in some parts of the phone becoming old and needing replacement or servicing, or faults from the source of manufacture, resulting in the phone either being shipped back to the manufacturer (covered by the warranty agreement) or being fixed by a local phone technician.

Which Type of Business; Franchise or Starting From Scratch?

This is essential in any worth cell phone repair business. The entrepreneur has to decide whether to buy into an available cell phone repair franchise or to start from scratch. Making your mind on what option to choose brings clarity to the purpose.

  • Start With a Business Plan

This is very crucial to any meaningful business venture. No matter the size of the business, a business plan is a highly required document for business survival and growth. This document will help in measuring business growth and progress achieved.

It can be used to reveal if a business concern has reached its target or not. Because of the importance of this document, when applying for loans, it is a major requirement. It is required because the lender wants to see if the business you intend venturing into stands a chance of survival and profitability.

The business plan reveals all of this, as it shows if an investor knows what he/she is doing. It consists of a marketing plan, a business plan, and the financial projections section which is most crucial to revealing if a business has a future or not.

  • Get an Operating License

This is a requirement for operation associated with all cell phone repair businesses. Before owning a cell phone repair business, it is recommended that the technician(s) is/are certified by the relevant regulatory body vested by law to regulate the activities of the cell phone repair business.

This is mostly in place to protect the interest of the clients and also the interests of the business. Once this requirement is met, then the other procedures are carried out, eventually leading to the launch of the cell phone repair business.

  • Get All Necessary Equipment Ready

By wanting to start up a cell phone repair business, this is a necessary step in the commencement of business operations. Without the tools required for repairs, it is impossible to start anything tangible.

Among the tools needed are the digitizer separator, an anti-static brush, suction cup, heat gun, universal smartphone tool kit among other equipment which can be found on eBay.com Hence, adequate preparations must have been made in purchasing the tools and equipment needed, including the office furniture and renting the shop from where the business would be located.

  • Following Your Business Plan

This is necessary if you are to realize meaningful growth in your cell phone repair business. Every aspect of the business as laid down in the business plan must be followed or implemented carefully.

This is especially true of the marketing, operational and management sections as they are the first areas that will need to be gotten right. All the contents of your business plan should be binding on your business and followed with all vigor and diligence.

  • Get the Services of an Accountant

This is very necessary as the accountant helps in tracking the cash flow in and out of the business and balancing the same to ensure that the business is not losing out through unnecessary expenditures helping to block harmful leakages.

Through the services rendered by the accountant, the entrepreneur can have a wholesome look of the business operations to know if things are going right or wrong and to effect necessary changes in grey areas requiring urgent attention.

  • Location is Key

This is a key requirement for businesses, especially a cell phone repair business. The location of this type of business can be the difference between profits and losses.

For a cell phone repair business, it should be located in areas with a lot of foot traffic such as in shopping malls or within the central business districts to benefit from the opportunities inherent in the population.

  • What is your Niche?

This is necessary to guard against the tendency for disorganization. Knowing your niche or your particular area of specialization in the cell phone repair business industry helps in giving a clearer vision and goal to the business.

There are various products or brands (such as Apple phone products, Samsung, Xiaomi amongst many others) with an attendant variety in phone repair businesses than specialize in particular brands. However, some repair all phone brand types, but whatever the case, you have to know what works for you and stick by it.

  • Your First Clients

These are most likely to be one’s associates, friends, family, and close relatives. These set of people will help in advertising or building your client base through word of mouth marketing until the business begins to have other loyal clientele that will only stick around if the cell phone repair services rendered to them are satisfactory.

CELL PHONE REPAIR BUSINESS PLAN EXAMPLE

Here is a sample business plan for starting a cell phone repair shop.

This article offers tips for people that are interested in starting up a cell phone repair company. It contains the needed information that is needed to write a simple and detailed business plan for a cell phone repair company.

Below is a cell phone repair company business plan sample

Business Name: Blue Skye Cell Phone Repair Company

Executive Summary

Our Products and Services

Vision Statement

Mission Statement

Business Structure

Market Analysis

  • Sales and Marketing Strategy

Financial Plan

Competitive Advantage

Blue Skye phone repair company is a licensed phone repair company that offers all manner of cell phone repair services like fixing cell phones, fixing tablets, fixing smartphones, fixing tablets, battery replacement, screen repairs, and other phone associated issues. We own a facility in the heart of Detroit and have the aim of becoming one of the most successful phone repair companies in Detroit of all time.

Blue Skye phone Repair Company is owned by a James Blacky, a former engineer at Apple. Funding this business is not going to be much of an issue because James already has savings. In addition to his savings, James is looking to get loans from family, friends and also from the bank.

Blue Skye cellphone Repair Company is interested in making available cell phone repair services very affordable and available to residents of Detroit and other parts of the United States. From the heart of Detroit, we will offer quality cell phone repair services to both residents of Detroit and people living in other parts of the United States.

Our vision statement is to build a trustworthy tech repair company that can always be relied on to provide the needed cell phone repair services, anytime, any day.

Our mission is to create a cell phone repair firm that will be renowned for quality as well as reliability. We at Blue Skye Cell Phone Repair Company are not just interested in making profits, we also have the interest of our numerous clients at heart.

At blue Skye cell phone Repair Company, we are aware of recent trends in the cell repair industry. We aim to become and stay relevant by employing the best and just the best. That’s not all we have in mind to do, we will also ensure that those we hire to work with us are hired strictly on merit and for what they can offer.

As a result of the rapid increase in demand and the use of mobile phones in today’s world, there has been an increase in job opportunities for individuals with the skills for fixing cell phones. This need for cell phone repairers has been boosted by the availability of very sensitive and fragile phones

Target Market

After carrying out our research, we have come to discover that getting our potential clients to patronize us will be very easy with the right communication skills.

Our target market includes individuals from all walks of life. Some of them include smartphone owners in our catchment area, tablet owners in our environment, cell phone owners in our environment, and finally, organizations that employ the use of smartphones and cell phones in the day to day running of their businesses.

Sales and Marketing Strategies

We have carefully devised some strategies that will help us make good and quick sales in this business. Some of them include

  • Top-notch customer service
  • A reduced price
  • Adverts in Newspapers

Source of Startup Capital

To get this business started, we will need at least $50,000. This money will be used in getting an office space, not forgetting the materials needed to run this company and also to sponsor adverts. At the moment, we have been able to raise 35,000 from personal savings, from gifts and loans from family and friends. The remaining amounts that are needed to start this business will be sourced from the bank.

It takes more than top-level IT skills to make it in the business of cell phone repairs. One vital ingredient that is needed to survive in this business and that should not be swept under the carpet is networking. The right network of professionals determines who gets what contract to repair, maintain and supply cell phones.

We aim at competing favorably in this business by being able to meet strict deadlines and work closely with our team of engineers

This is a business plan for Blue Skye Cell Phone Repair Company. It is a firm owned by James Blacky and will meet the cell phone needs of the residents of Detroit.

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How to write a business plan for your smartphone repair and resale shop.

business plan for a smartphone repair and resale shop

Starting a smartphone repair and resale shop is a great idea because it provides an opportunity to capitalize on the growing demand for quality used smartphones, and it can also provide a steady source of income through repair services.

Don't start without having built a business plan though.

A business plan is essential to ensure the success of a new project. It outlines the goals, objectives, strategies, and financial needs of the project, helping to identify potential risks and plan for the future.

In short, a good business plan will help ensure the profitability of your smartphone repair and resale shop .

What must be in the business plan for a smartphone repair and resale shop? What should be the overall layout? Which important financial measures should be there? How can I outline a comprehensive business plan quickly?

Luck is on your side! This article provides answers to all these questions, leaving no stone unturned!

One last thing: starting your business plan from scratch is optional.

Instead, you can download our comprehensive business plan for a smartphone repair and resale shop and tailor it to suit your requirements.

business plan cell phone repair and resale shop

How to write a business plan for a smartphone repair and resale shop

Do you require a business plan for your smartphone repair and resale shop.

Yes, you do require a business plan for your smartphone repair and resale shop.

Structuring a reliable business plan will give you the means to:

  • get familiar with the smartphone repair and resale market
  • grasp the latest industry trends
  • narrow down what makes a smartphone repair and resale shop solid and successful
  • understand the common smartphone issues, repair requests, and customer preferences for used devices
  • come up with a unique value proposition for your mobile device repair shop
  • study competitor distribution channels
  • find solid competitive advantages for your smartphone repair and resale shop
  • find a business model that guarantees a return on investment
  • establish a foolproof strategy to foster business growth
  • assess potential risks involved in operating a smartphone repair and resale shop, such as data privacy, counterfeit products, and customer satisfaction

Our team has drafted a business plan for a smartphone repair and resale shop that is designed to make it easier for you to achieve all the elements listed.

How to structure a business plan for a smartphone repair and resale shop?

Your business plan contains a plethora of useful information and details. There should be a clear structure, so it does not look messy.

When we built and designed our business plan for a smartphone repair and resale shop , we ensured it was organized correctly.

This document has 5 sections (Opportunity, Project, Market Research, Strategy and Finances).

1. Market Opportunity

The first section is named "Market Opportunity."

In this section, our team has compiled detailed data and market research on smartphone repair and resale shops, providing insights into market demand, customer preferences, repair trends, and resale strategies to assist entrepreneurs in this industry.

The data here is always up to date; we update it twice a year.

2. Project Presentation

In the "Project" section, you can describe your smartphone repair and resale shop, including the types of repairs you offer, the range of smartphone brands you work with, warranty policies, competitive pricing, customer service approach, and the unique value proposition that ensures fast and reliable smartphone services for your customers.

Don't forget to include a brief introduction about yourself at the end of this section.

Explain your passion for technology, your expertise in smartphone repairs, and your plans to provide reliable and convenient repair services for customers. Highlight your commitment to using quality parts, your experience in handling various smartphone models, and your dedication to customer satisfaction through efficient repairs and transparent pricing.

We've offered you pre-written text. You can personalize it to match your concept perfectly.

3. Market Research

Next up is the "Market Research" section.

In this section, you will find a detailed market segmentation analysis for your smartphone repair and resale shop.

It includes a presentation of other smartphone repair shops in the area that will be competing with you. Your shop's expertise in repairs and competitive advantages are also highlighted. A customized SWOT analysis is included.

4. Strategy

The fourth section, "Strategy," provides a comprehensive growth plan for your smartphone repair and resale shop, with step-by-step instructions on how to achieve high profitability.

Besides that, you'll come across a marketing strategy, a way to handle risks, and a filled-in Business Model Canvas.

5. Finances

In conclusion, the "Finances" section provides a thorough overview of the financial aspects and indicators of your project.

business plan smartphone repair and resale shop

How to elaborate the Executive Summary for a smartphone repair and resale shop?

The Executive Summary provides a brief overview of the business plan of your smartphone repair and resale shop.

Keep it within 2 pages, focusing only on the most important details.

The purpose of this document is to make the reader wants to read your business plan.

In the Executive Summary of your smartphone repair and resale shop, address the following queries: what services does your shop provide for smartphone repair and resale? who is your target audience? are there other similar shops in the market? what funding do you require?

How to do the market analysis for a smartphone repair and resale shop?

The market study of your smartphone repair and resale shop helps you understand external factors such as customer demands for device repair services, competition within the mobile industry, and emerging trends in phone technology.

By conducting an extensive market analysis, a smartphone repair and resale shop can understand customer smartphone needs, provide efficient and reliable repair services and quality pre-owned smartphones, optimize pricing strategies, and execute targeted marketing campaigns, ultimately leading to a loyal customer base, increased sales, and a prominent position in the local smartphone repair and resale market.

Here is what what we've put in the "Market Research" section of our business plan for a smartphone repair and resale shop :

  • figures, data, and statistics related to smartphone repair and resale shops, including common smartphone issues, repair rates, and the market for used smartphones
  • a list of potential market segments for a smartphone repair and resale shop
  • the competitor analysis
  • the competitive advantages for a smartphone repair and resale shop

business plan smartphone repair and resale shop

The key points of the business plan for a smartphone repair and resale shop

What's the business model of a smartphone repair and resale shop, business model of a smartphone repair and resale shop.

A smartphone repair and resale shop's business model revolves around offering repairs, maintenance, and trade-in or resale services for smartphones and related devices. Revenue is generated through repair fees, selling refurbished or pre-owned smartphones, and offering accessories or add-on services.

The business model focuses on skilled technicians, sourcing quality parts, efficient repair turnaround times, effective marketing to target smartphone owners, and building strong customer relationships through exceptional service and reliable repairs.

Success depends on providing high-quality repairs, competitive pricing, offering value-added services, maintaining a wide range of device compatibility, and building a reputation for trustworthiness and expertise in the smartphone repair industry.

Business model ≠ Business plan

Make sure you don't mix up the terms "business plan" and "business model."

A business model describes how a company generates income and operates successfully.

In a business plan, you use a helpful tool called the Business Model Canvas to clearly show how your business operates.

Rest assured, there is a Business Model Canvas (already completed) in our business plan for a smartphone repair and resale shop .

How do you identify the market segments of a smartphone repair and resale shop?

Segmenting the market for your short-term rental business involves dividing your potential guests into different groups based on their travel preferences, accommodation needs, and demographics.

These categories may include factors such as vacation rentals, corporate rentals, luxury rentals, or guests seeking specific rental features or amenities (e.g., beachfront properties, pet-friendly accommodations, fully equipped kitchens).

By segmenting your market, you can offer specialized short-term rental options and experiences that cater to each segment's specific requirements. For example, you might focus on vacation rentals and provide a variety of properties in popular tourist destinations, offer corporate rentals for business travelers in need of temporary accommodations, specialize in luxury rentals and provide high-end properties and premium services for discerning guests, or focus on specific rental features or amenities such as beachfront properties, pet-friendly accommodations, or fully equipped kitchens to cater to guests' preferences and needs.

Market segmentation allows you to effectively target your marketing efforts, communicate the unique features and benefits of your short-term rentals, and provide a comfortable and memorable stay experience that meets the unique needs and preferences of each guest segment.

In the business plan for a smartphone repair and resale shop , you will find a detailed market segmentation that gives you insights into your potential customers.

How to conduct a competitor analysis for a smartphone repair and resale shop?

Without surprise, you won't be the sole smartphone repair and resale shop in your area. There will be other shops catering to customers' needs for device repairs and pre-owned smartphones.

Conducting a comprehensive competitor analysis is a vital step in developing a solid business plan. This involves identifying and evaluating your competitors' strengths and weaknesses.

Take note of their weaknesses (such as lack of skilled technicians, inadequate repair warranties, or poor customer service).

Why is it important to address these concerns? Because these weaknesses can impact the customer experience at smartphone repair and resale shops.

By focusing on these areas, you can offer expert and efficient smartphone repair services, provide a wide range of quality refurbished smartphones, and deliver friendly and helpful customer support, positioning your smartphone repair and resale shop as a preferred choice for individuals seeking reliable smartphone solutions and affordable device options.

It's what we call competitive advantages—strengthening them helps your business excel.

Here are some examples of competitive advantages for a cell phone repair and resale shop: expert technicians, quick and efficient repairs, wide selection of refurbished devices.

How to draft a SWOT analysis for a cell phone repair and resale shop?

A SWOT analysis can help identify potential strengths, weaknesses, opportunities, and threats to the success of a smartphone repair and resale shop.

As you can guess, there is indeed a completed and editable SWOT matrix in our business plan for a smartphone repair and resale shop

The strengths for a smartphone repair and resale shop

The "S" in SWOT represents Strengths, signifying the project's advantageous qualities or resources.

For a smartphone repair and resale shop, strengths could include technical expertise, competitive pricing, quality customer service, and a wide selection of products.

The weaknesses for a smartphone repair and resale shop

W stands for Weaknesses, which are the areas or aspects of the project where improvements are necessary.

For a smartphone repair and resale shop, potential weaknesses include a lack of technical expertise, limited access to spare parts, limited financial resources, and a lack of marketing knowledge.

The opportunities for a smartphone repair and resale shop

When we refer to the "O" in SWOT, we mean Opportunities, which are the favorable external circumstances or options that can support the project.

In the case of a smartphone repair and resale shop, potential opportunities could include offering repair services, selling refurbished smartphones, selling accessories, and offering device unlocking services.

The threats for a smartphone repair and resale shop

The "T" in SWOT symbolizes Threats, indicating the potential risks or unfavorable factors that the project should be prepared for.

How to develop a marketing plan for a cell phone repair and resale shop?

Developing a marketing strategy helps entrepreneurs effectively reach their target audience and promote their products or services.

A cell phone repair and resale shop can attract customers by implementing an effective marketing approach that showcases the shop's expertise in repairing various cell phone models, quick turnaround times, and affordable repair services.

Mobile phone users won't choose your cell phone repair and resale shop without proper promotion; highlighting your expertise in repairs, affordable prices, and quality refurbished devices is crucial.

Have you considered marketing techniques to attract customers to your cell phone repair and resale shop? Consider offering quick repair turnaround times or warranties on repairs, running targeted advertising campaigns to reach smartphone users in need of repairs, and utilizing social media platforms to showcase customer testimonials or before-and-after repair results.

If you're lacking ideas for the marketing strategy of your project, don't worry.

How to build financial projections for a cell phone repair and resale shop?

A successful business plan requires comprehensive financial data in order to accurately forecast future performance.

As you outline your business plan, you should include revenue projections for your smartphone repair and resale shop.

A relevant and credible revenue forecast is crucial, so it looks solid when an investor will read your business plan.

Our financial plan for a smartphone repair and resale shop is designed to be user-friendly, incorporating automatic verifications that assist in identifying and correcting any assumptions. This ensures you can build credible projections with confidence.

Of course, you will need to create a preliminary budget for your smartphone repair and resale shop. Make sure to include every expense (by the way, they are all listed in the financial plan we've made).

The break-even analysis is central in the financial plan as it will tell you whether your smartphone repair and resale shop will generate profits or not.

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Spectrum Mobile customers looking at new devices.

Press Release April 9, 2024

Spectrum Mobile Launches Innovative Anytime Upgrade and New Low-Cost Device Protection Plan

New Offerings Deliver More Value with Industry Leading Mobile Device Flexibility and Protection

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STAMFORD, Conn. – Spectrum today announced the launch of two new features, delivering Spectrum Mobile customers more value, control and peace of mind. Anytime Upgrade, which is now included in the Spectrum Mobile 1 Unlimited Plus data plan at no extra cost, allows new and existing customers to upgrade their phones whenever they want, as many times as they want, eliminating the traditional wait times and condition requirements associated with phone upgrades. Delivering even more value, Spectrum's new Mobile Repair and Replacement Plan offers customers device protection at a more affordable rate than competitors 2 .

“With the launch of Anytime Upgrade, we are providing Spectrum Mobile Unlimited Plus customers with straightforward and flexible access to the latest smartphone technology,” said Danny Bowman, Executive Vice President, Product for Charter Communications, which operates the Spectrum brand. “We understand the frustration of being locked into a device or contract. This offer, along with the new Spectrum Mobile Repair and Replacement Plan, allows our customers to have the newest devices with reliable protection, so they can maximize their wireless network experience and save money.”

Spectrum Mobile Anytime Upgrade: Delivering More Value for Less

With Anytime Upgrade, Spectrum is the first mobile provider to include this level of freedom within a rate plan. While some other carriers offer early upgrades, Anytime Upgrade allows Unlimited Plus customers to get the latest device anytime without traditional waiting periods 3 or early upgrade fees, providing unparalleled choice and flexibility. There is no need for customers to wait until they have paid 50% of their device payment plan balance, and customers can upgrade as many times as they want. Unlimited Plus customers, including those who bring their own device, can upgrade to any new available smart phone regardless of their device’s condition, as long as it powers on and is free of liquid damage 4 .

Spectrum Mobile’s Repair and Replacement Plan provides customers with coverage for broken screens, loss and theft for only $5 per month per device. The plan improves upon previous offerings, making device protection accessible to all Spectrum Mobile customers within 30 days of purchase, now including customers in New York state and those who bring their own device.

As the nation’s fastest-growing mobile provider 5 , Spectrum Mobile delivers exceptional value with flexible plans designed to meet various needs and budgets. In addition to enjoying new industry leading benefits like Anytime Upgrade and the Repair and Replacement Plan, Spectrum Mobile provides the fastest wireless speeds by combining WiFi and Mobile 6 . Spectrum Unlimited Plus plans also include 50GB of premium data, cellular video streaming up to 720p 7 and free roaming in Canada and Mexico 8 .

Provider comparison chart

Download Full Comparison Chart

More information about Anytime Upgrade and the Spectrum Mobile Repair and Replacement Plan is available at spectrum.com/mobile .

1 Spectrum Internet required. Auto-pay required. For Unlimited/Unlimited Plus, speeds are reduced after 30/50 GB of usage per line. Restrictions apply. For details, refer to Spectrum.com/policies/mobile-terms.

2 As compared to Verizon, AT&T & T-Mobile as of Feb. 2024

3 Anytime Upgrade only available for customers subscribed to Spectrum Mobile Unlimited Plus for one billing cycle and in good standing. Trade-in devices must be operable; if not operable then trade-in may be subject to an additional redemption fee. Must enroll in new Device Payment Plan and remain on Unlimited Plus for 2 billing cycles.

4 $99 fee applies to “Beyond Economic Repair” devices

5 Based on Q4 2023 subscriber data among top 3 carriers

6 Based on analysis by Spectrum of Ookla® Speedtest Intelligence® data for overall mobile WiFi and Cellular performance for Q4 2023 in Spectrum's cable footprint. Ookla trademarks used under license and reprinted with permission.

7 Video resolution not restricted when connected to WiFi

8 Speeds reduced after 5 GB

About Spectrum

Spectrum is a suite of advanced communications services offered by Charter Communications, Inc. (NASDAQ:CHTR), a leading broadband connectivity company and cable operator serving more than 32 million customers in 41 states. Over an advanced communications network, the company offers a full range of state-of-the-art residential and business services including Spectrum Internet®, TV, Mobile and Voice.    For small and medium-sized companies, Spectrum Business® delivers the same suite of broadband products and services coupled with special features and applications to enhance productivity, while for larger businesses and government entities, Spectrum Enterprise® provides highly customized, fiber-based solutions. Spectrum Reach® delivers tailored advertising and production for the modern media landscape. The Company also distributes award-winning news coverage and sports programming to its customers through Spectrum Networks. More information about Charter can be found at corporate.charter.com .

Media Contact

Bret Picciolo

[email protected]

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  • Ministry of Education Leads in Moscow Oblast
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  • Summer camps Leads in Moscow Oblast
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  • Novelties Wholesalers Leads in Moscow Oblast
  • Health and beauties Leads in Moscow Oblast
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  • Eastern European restaurants Leads in Moscow Oblast
  • Pediatric ophthalmologists Leads in Moscow Oblast
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  • Heatings Leads in Moscow Oblast
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  • Financial audits Leads in Moscow Oblast
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  • Industries Leads in Moscow Oblast
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  • Entertainment and recreations Leads in Moscow Oblast
  • Record companies Leads in Moscow Oblast
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  • Alternator suppliers Leads in Moscow Oblast
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  • Pediatric neurologists Leads in Moscow Oblast
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  • Arts Leads in Moscow Oblast
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  • Israeli restaurants Leads in Moscow Oblast
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  • Otolaryngology clinics Leads in Moscow Oblast
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  • Education and cultures Leads in Moscow Oblast
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  • Animals Leads in Moscow Oblast
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  • Hammams Leads in Moscow Oblast
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  • European institutions Leads in Moscow Oblast
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  • Sands Leads in Moscow Oblast
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  • Provincial parks Leads in Moscow Oblast
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  • Tourist travels Leads in Moscow Oblast
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  • Memorials Leads in Moscow Oblast
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Custom Fireplace Contractors & Installers in Elektrostal'

Location (1).

  • Use My Current Location

Popular Locations

  • Albuquerque
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  • Elektrostal', Moscow Oblast, Russia

Professional Category (1)

  • Accessory Dwelling Units (ADU)

Featured Reviews for Custom Fireplace Contractors & Installers in Elektrostal'

  • Reach out to the pro(s) you want, then share your vision to get the ball rolling.
  • Request and compare quotes, then hire the Fireplace professional that perfectly fits your project and budget limits.
  • Electric Fireplace Repair

What should you know about buying a fireplace in Elektrostal'?

Here are some recommendations for when you’re shopping for a fireplace or fire pit:, business services, connect with us.

IMAGES

  1. A Sample Cell Phone Repair Business Plan Template _ ProfitableVenture

    business plan for cell phone repair shop

  2. Cellphone Repair Shop Business Plan

    business plan for cell phone repair shop

  3. How to Start a 7-Figure Cell Phone Repair Business (2023)

    business plan for cell phone repair shop

  4. 6 Great Cell Phone Plans for Business Users: Prepaid and Postpaid

    business plan for cell phone repair shop

  5. Cell Phone Repair Business Plan to Convince Investors

    business plan for cell phone repair shop

  6. Phone Repair Shop Business Card Template in PSD, Ai & Vector

    business plan for cell phone repair shop

COMMENTS

  1. Cell Phone Repair Business Plan Template (2024)

    According to UnivDatos, the Smartphone Repair Market was valued at $185 billion in 2020 and is expected to grow at a CAGR of 5% from now until 2027. This is moderate growth that shows there is demand for these services. As such, we expect that Aurora Phone Repair will be highly profitable over the next several years.

  2. Cell Phone Repair Business Plan [Sample Template]

    Below is the sales projection for Ariel Cell Phones Repair Shop, LLC, it is based on the location of our business and of course the wide range of our services and target market; First Year-: $150,000. Second Year-: $250,000. Third Year-: $500,000.

  3. Cell Phone Repair Business Plan Template

    Over the past 20+ years, we have helped over 1,000 entrepreneurs and business owners create business plans to start and grow their cell phone repair businesses. On this page, we will first give you some background information with regards to the importance of business planning. We will then go through a cell phone repair business plan template ...

  4. How to Start a 7-Figure Cell Phone Repair Business (2024)

    When you start a cell phone repair business, you might see a profitability rate between 80 and 100%! If you charge an average of $75 per repair and do 15 repairs each week, your weekly gross earnings will be $1,125. With an 80% margin, your weekly profit would be $900.

  5. How to Start a Cell Phone Repair Business in 2024

    Step 4: Create a Cell Phone Repair Business Plan. Every business needs a plan. This will function as a guidebook to take your startup through the launch process and maintain focus on your key goals. A business plan also enables potential partners and investors to better understand your company and its vision:

  6. How to write a business plan for a mobile phone repair shop?

    A business plan has 2 main parts: a financial forecast outlining the funding requirements of your mobile phone repair shop and the expected growth, profits and cash flows for the next 3 to 5 years; and a written part which gives the reader the information needed to decide if they believe the forecast is achievable.

  7. How to Start a Profitable Cell Phone Repair Business [11 Steps]

    Acquire necessary licenses and permits for cell phone repair. 6. Open a business bank account and secure funding as needed. 7. Set pricing for cell phone repair services. 8. Acquire cell phone repair equipment and supplies. 9. Obtain business insurance for cell phone repair, if required.

  8. How to Start a Cell Phone Repair Business

    STEP 2: Form a legal entity. The most common business structure types are the sole proprietorship, partnership, limited liability company (LLC), and corporation. Establishing a legal business entity such as an LLC or corporation protects you from being held personally liable if your cell phone repair business is sued.

  9. Master Cell Phone Repair: 9-Step Business Plan Checklist!

    Budget at least $5,000 to $8,000 for initial marketing expenses. Licenses and Permits: Depending on your state, you may need to obtain licenses and permits to operate your cell phone repair business. The cost of obtaining these licenses and permits can range from $500 to $1,500.

  10. Cell Phone Repair Business Plan [Sample Template for 2022]

    Get Growthink's cell phone repair business plan template & step-by-step useful on easily creates your cell phone repair business plan. ... Armel Cell Phones Repair Shop, LLC is a business that will be owned the managed through Engr. Donald Outflank additionally be friend and business partner for many yearly Kelvin Lindsay. They are the sole ...

  11. How to Start a Cell Phone Repair Business for 2023

    David has been writing also study about business, funding and globalization for a quarter-century, starting with a small New York consulting firm in one 1990s. Updated on May 15, 2023

  12. Guide to Start Your own Cell Phone Repair Business in 2021

    Once you set up and start running your cell phone repair business, you need to market it properly because marketing will help build your customer base and brand persona. First, create the initial buzz by generating word of mouth among your friends. Also, ask them to refer your business to their friends.

  13. Create Thriving Cell Phone Repair Business: A Step-by-Step Plan

    From equipment expenses to marketing budgets, learn how to budget and plan for success. in order to start a cell phone repair business, you will need to set up a physical location, obtain the necessary licenses and permits, and purchase equipment and supplies. You will also need to create a business plan and determine your pricing strategy.

  14. How to open a profitable mobile phone repair shop?

    The next step to start a mobile phone repair shop is to choose the legal form of your business. The legal form of a business simply means the legal structure it operates under. This structure outlines how the business is set up and defines its legal obligations and responsibilities.

  15. Cell Phone Repair Business Plan Template & Guidebook

    How to Write a Cell Phone Repair Business Plan in 7 Steps: 1. Describe the Purpose of Your Cell Phone Repair Business. The first step to writing your business plan is to describe the purpose of your cell phone repair business. This includes describing why you are starting this type of business, and what problems it will solve for customers.

  16. Electronics Repair Shop Business Plan Template

    Follow these tips to quickly develop a working business plan from this sample. 1. Don't worry about finding an exact match. We have over 550 sample business plan templates. So, make sure the plan is a close match, but don't get hung up on the details. Your business is unique and will differ from any example or template you come across.

  17. Sample Cell Phone Repair Shop Business Plan

    This is a business plan for Blue Skye Cell Phone Repair Company. It is a firm owned by James Blacky and will meet the cell phone needs of the residents of Detroit. Whatever the case, a cell phone repair business comes to the aid of phone users whose phones have developed faults and need repairs. It is already assumed.

  18. Smartphone Repair Shop: a solid business plan (example)

    A smartphone repair and resale shop's business model revolves around offering repairs, maintenance, and trade-in or resale services for smartphones and related devices. Revenue is generated through repair fees, selling refurbished or pre-owned smartphones, and offering accessories or add-on services.

  19. Business Plan for a Cell Phone Repair Shop: The Future ...

    The market for cell phone repair is growing, with more and more people opting to repair their devices instead of replacing them. According to a report by Allied Market Research, we expect the ...

  20. BETA GIDA, OOO

    Find company research, competitor information, contact details & financial data for BETA GIDA, OOO of Elektrostal, Moscow region. Get the latest business insights from Dun & Bradstreet.

  21. Spectrum Mobile Launches Anytime Upgrade Device Plan

    In addition to enjoying new industry leading benefits like Anytime Upgrade and the Repair and Replacement Plan, Spectrum Mobile provides the fastest wireless speeds by combining WiFi and Mobile 6. Spectrum Unlimited Plus plans also include 50GB of premium data, cellular video streaming up to 720p 7 and free roaming in Canada and Mexico 8.

  22. Number Of Wig shops in Elektrostal'

    List of Wig shops in Elektrostal' with email address, phone number, geocoded address, and other key details for download. Data updated on December 5, 2023 $49

  23. A/C Repair & HVAC Contractors in Elektrostal'

    Generally, Elektrostal' HVAC contractors or HVAC installers work with or run companies that repair or install heating systems and a/c services for homes. Local air conditioning companies can help with a wide variety of air conditioning services, including both a/c installation and a/c repair.

  24. Custom Fireplace Contractors & Installers in Elektrostal'

    Search 151 Elektrostal' custom fireplace contractors & installers to find the best fireplace contractor for your project. See the top reviewed local fireplace services and installers in Elektrostal', Moscow Oblast, Russia on Houzz.