Annual Industry Revenue: $4 Billion
Projected Annual Growth: 3.4%
Initially perceived as throw away gadgets, contemporary mobile devices have increased in importance, complexity, cost and functionality, making today’s devices less disposable and consumers more likely to have them repaired.
Cell Phone Repair (CPR®) provides on-premises repair of cell phones, iPads, game systems and other electronic gadgets from franchised locations that offer “while-you-wait” service.
Specializing in water damage, charging ports, broken LCD’s and much more, CPR® has the capability of fully restoring damaged devices – in-store and usually in under an hour.
“Internet-enabled smartphones are more expensive than basic-feature phones and are therefore more likely to be repaired instead of replaced. Smartphones also have fragile LCD (liquid crystal display) screens and touchscreens, inaccessible batteries and other breakable parts that make them more likely to need repair.”
Source: IBIS World, 2016
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