Techy
Retail & Consumer Goods · Electronics & Mobile
- Active units
- 62
- Royalty
- 7.0%
Franchised, year-end 2023
of weekly Net Sales
About Techy
Techyv is a leading brand in the field of computers and information technology, providing guaranteed solutions to a wide range of problems. With a team of dedicated professionals, including experienced writers, Techyv produces high-quality content on a variety of subjects. They have a track record of accomplishments and have been serving one of the world's famous overseas companies. As a technical solutions online venture, Techyv offers a wealth of services to subscribers, including articles covering various topics such as the latest happenings, computers, Apple, Microsoft, new gadgets, off-the-shelf software, and viral security issues. They also provide solutions for troubleshooting, web development, and technology, making them stand out from other vendors. Users can ask questions and receive prompt answers, and they can also find useful tips and participate in online blogs. Additionally, Techyv specializes in providing solutions in categories such as Apple, community support, database, internet, Microsoft Office, mobile hardware, networking, programming, security, software, storage, virus and spyware, and Windows operating systems. With the option of a live chat with experts, Techyv aims to offer comprehensive support and information on a single platform. Users can also find a wide range of blogs and articles on various subjects, assess their skills, stay updated with the latest posts, and easily search for specific information.
Key terms
- Franchise fee
$15k
- Area Development reduced fees
Second store $10,000; third and each additional store $5,000 (half due at Development Agreement; balance at each Franchise Agreement)
- Brand fund
2.0% of Net Sales
- Local advertising
1.5% of Net Sales
- Area Development Agreement (2 stores minimum)
$25k
- Area Development Agreement (3 stores)
$30k
- Area Development Agreement (4 stores)
$35k
- Area Development Agreement (5 stores)
$40k
- Veteran discount
Not offered
Brand Percentile Rankings
Rankings compare brands in the same operating year. Fee and investment figures come from the FDD (2024 filing).
Growth
- Total locations62
Franchised units open at year-end
- New openings37
Gross new units opened during the calendar year
- 1-year unit growth rate34.8%
Net unit growth versus prior year
- 3-year unit CAGR29.4%
Compound annual growth rate of unit count over the trailing 3 years
- Unit growth ratio3.4×
Cumulative opens / closures through year-end
Unit economics
- Annual unit volume (Median)—
Per FDD Item 19 disclosure
- Annual unit volume (25th percentile)—
Per FDD Item 19 disclosure
- Annual unit volume (75th percentile)—
Per FDD Item 19 disclosure
- 1-year Median AUV growth rate—
Year-over-year change in median AUV
- Store-level EBITDA Margin—
Median unit-level EBITDA / AUV
Investment profile
- Estimated initial investment$259k
Midpoint of estimated initial investment range
↓ Lower is better - Time to open—
Midpoint of average time from agreement to opening
- Royalty rate7.0%
Percent of net sales paid to the franchisor
↓ Lower is better - Sales-to-investment ratio—
Median AUV / estimated initial investment midpoint
- Cash-on-cash returns—
Median unit-level EBITDA / estimated initial investment midpoint. Steady-state estimate; year 1 returns will be lower as the unit ramps to median volumes.
Franchisee healthLocked
- Unit closure ratio
- Transfer vs. closure ratio
- Percent multi-unit franchisees
- Litigation rate
- EBITDA multiple on sales & transfers
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Location footprint
Showing 71 of 85 mapped locations
Sources
Financial and operating figures are sourced from the brand's Franchise Disclosure Documents. Brand percentile rankings are based on comparisons to other brands that include the same metrics in their Franchise Disclosure Documents.