Device Pitstop FDD Summary
Type of Business
Device Pitsop, LLC offers individual franchises for the operation of Device Pitstop® stores that buy, sell and service used and new consumer electronic devices, including laptops, tablets, digital music players, cell phones and accessories to retail customers.
Corporate Information
Device Pitstop, LLC is a Delaware limited liability company formed on August 7, 2013. Their principal place of business is at 4350 Baker Road, Suite 350, Minnetonka, MN 55343. They began franchising Device Pitstop® businesses in September 2013. They are a wholly-owned subsidiary of NTY Franchise Company, LLC formerly known as CMF Holdings, LLC.
Investment
If you purchase certain key items used in your Device Pitstop® store, the total investment necessary to begin operation of a Device Pitstop® store is from $146,000 to $206,000. This includes $35,000 to $40,000 that must be paid to the franchisor or their affiliates. If you lease the same key items used in your Device Pitstop® store, the total investment necessary to begin operation of a Device Pitstop® store is from $98,700 to $159,000. This includes $18,000 to $23,000 that must be paid to the franchisor or their affiliates.