Start a NerdsToGo Franchise in 2024

Franchise 500 Rank: N/R Not ranked last year

Initial investment: $115K - $173K

Units as of 2024: 32 10.3% over 3 years

NerdsToGo is a computer repair and technology franchise catering to small businesses as well as residential clients. Whether it’s day-to-day issues or the more complicated business technology challenges, NerdsToGo is ready to nerd up and provide solutions. The company also caters to major operating systems and devices, including Apple, Android, Microsoft, and network support products.

NerdsToGo was founded in 2006 and began franchising in 2006. Since then, the company has grown to more than 25 units in various locations around the United States. More than a team that people go to for help with their computers, NerdsToGo prides itself in being a brand that “lives and breathes technology” and loves creating solutions for their client’s problems.

Why You May Want To Start a NerdsToGo Franchise

If you’re looking for a technology-based franchise business opportunity, NerdsToGo may be a worthwhile pick. Its business model has worked and built upon itself for over more than a decade of operations, proving that the formula is working excellently. On top of that, IT and computer services are quite important today, and may offer multiple streams of revenue.

As a franchisee, you may receive all the support you need from NerdsToGo, from sales development to training to marketing. Corporate support may give you more wiggle room to build your business by creating leading support systems and nurturing deep, productive relationships within the industry.

What Might Make a NerdsToGo Franchise a Good Choice

The fact that computers, tablets, mobile phones, and other handheld devices have taken over the lives of many people may be proof of the importance of the industry. Whether it’s businesses, communities, or individuals, the demand for IT and computer expertise is on a seemingly unending uptrend. For a franchisee, this may translate to a solid customer base.

To be part of the NerdsToGo team, you should make sure you’re financially ready for an initial investment made up of a franchise fee and other startup costs. In addition, you should prepare yourself for ongoing fees that will include advertising, royalty, and potential renewal fees. Franchisees will also need to meet the company’s set net worth and liquid capital requirements.

How To Open a NerdsToGo Franchise

Opening a NerdsToGo franchise may offer a more predictable outcome than investing in a completely new brand that could struggle to thrive in an already crowded and competitive industry.

As you decide if opening a NerdsToGo franchise is the right move for you, make sure you take time to explore the opportunity. Research the brand and your local area to see if a NerdsToGo franchise would do well in your community. While competition is healthy, too much of it may not allow for the most possible growth.

Before making any financial commitment or signing an agreement, you must perform your due diligence and establish if this is the right opportunity for you. As part of your due diligence, you may want to speak to existing franchisees and ask the NerdsToGo franchising team questions.

Company Overview

About NerdsToGo

Industry	Tech Businesses
Related Categories	Electronics Repairs/Sales, Electronics Stores, Miscellaneous Tech Businesses
Founded	2003
Parent Company	Propelled Brands
Leadership	Mark Jameson mark.jameson@propelledbrands.com, 3142263000
Corporate Address	2542 Highlander Wy. Carrollton, TX 75006
Social	Facebook, Twitter, LinkedIn, Instagram, YouTube, Pinterest

Business Overview

Franchising Since	2006 (18 years)
# of employees at HQ	267
Where seeking	This company is offering new franchises throughout the US.
# of Units	32 (as of 2024)

Information for Franchisees

Here's what you need to know if you're interested in opening a NerdsToGo franchise.

Financial Requirements & Ongoing Fees

Here's what you can expect to spend to start the business and what ongoing fees the franchisor charges throughout the life of the business.

Initial Franchise Fee Definition: The initial fee paid to a franchisor to join their system What you need to know: Found in Item 5 of the FDD, this may be a flat fee, or may vary based on territory size, experience, or other factors.The franchise fee is an up-front (one-time) cost that a new franchisee pays to the franchisor. This fee is usually due at the signing of the franchise agreement and covers the right to use the franchisor's trademarks, name, and related business systems.	$49,750
Initial Investment Definition: The total amount necessary to begin operation of the franchise What you need to know: The initial investment includes the franchise fee, along with other startup expenses such as real estate, equipment, supplies, business licenses, and working capital. This is outlined in a chart in Item 7 of the FDD, showing a range of possible costs from low to high.	$115,119 - $172,809
Net Worth Requirement Definition: The minimum net worth you must have in order to qualify to become a franchisee of this company What you need to know: Net worth is the value of a person's assets minus liabilities. Assets include cash, stocks, retirement accounts, and real estate. Liabilities include items like mortgages, car payments, and credit card debt.	$300,000
Cash Requirement Definition: The minimum liquid capital you must have available in order to qualify to become a franchisee of this company.	$80,000
Veteran Incentives Definition: A discount or other incentive offered to military veterans who buy a franchise with this company.	50% off franchise fee
Royalty Fee Definition: A ongoing fee paid to the franchisor on a regular basis. What you need to know: Most franchisors require franchisees to pay an ongoing royalty fee, which is detailed in Item 6 of the FDD. This fee is typically a percentage of weekly or monthly gross sales, but may also be a flat weekly, monthly, or annual fee.	3.5%-7%
Ad Royalty Fee Definition: An going fee paid to the franchisor on a regular basis to support advertising or marketing efforts. What you need to know: This may also be called advertising fee, marketing fee, brand fund fee, and more, but the basic purpose is the same-- to support promotion of the brand systemwide. As with the royalty fee, it is detailed in Item 6 of the FDD, and can be a percentage of weekly or monthly gross sales or a weekly, monthly, or annual fee.	2%
Term of Agreement Definition: The length of time your franchise agreement will last. What you need to know: Franchise terms are typically anywhere from 5 to 20 years in length, but are sometimes instead dependent on factors such as the term of your lease. Once your term is up, you may have the option to renew your agreement, typically for a smaller fee than the original franchise fee.	10 years
Is franchise term renewable?	Yes

Financing Options

Some franchisors offer in-house financing, while others have relationships with third-party financing sources to which they refer qualified franchisees.

Third Party Financing	NerdsToGo has relationships with third-party sources which offer financing to cover the following: franchise fee, startup costs, equipment, inventory, accounts receivable, payroll

Training & Support Offered

Franchisors offer initial training programs and a variety of ongoing support options to help franchisees run their businesses.

On-The-Job Training	40 hours
Classroom Training	40 hours
Ongoing Support	Purchasing Co-ops Newsletter Meetings & Conventions Toll-Free Line Grand Opening Security & Safety Procedures Lease Negotiation Field Operations Site Selection Proprietary Software Franchisee Intranet Platform
Marketing Support	Co-op Advertising Ad Templates Regional Advertising Social Media SEO Website Development Email Marketing

Operations

Additional details about running this franchise.

Is absentee ownership allowed?	No
Can this franchise be run from home/mobile unit? Definition: The business can be run from your home and/or a vehicle, and it is not necessary to have a retail facility, office space, or warehouse.	No
Can this franchise be run part time? Definition: This business can be run by the owner on a part-time basis (less than 40 hours per week) and/or as a side business; it is not necessary for the business to be open/run full-time.	No
Are exclusive territories available? Definition: An exclusive territory is a fixed area in which you are given the right to operate and in which no other units of the same franchise may be opened. What you need to know: Territory size may be based on factors such as radius, population size, zip codes, and more. Details can be found in Item 12 of the FDD.	Yes