Published in Business Insider , 04 - February , 2022 Franchises of Spain

Phone House opened its first store in Spain in 1997. It currently has more than 500 establishments throughout the country, according to data published by the company itself. As its name suggests, the chain is responsible for selling mobile phones, although it also sells other technological devices, such as tablets or wearables, and also offers repair services. Phone House does not offer information on the estimated price of opening one of its stores, but this data can be found in other sources. As the company Business Insider Spain itself clarifies, you will have to invest between 30,000 and 60,000 euros if you want to set up a Phone House franchise. Of course, it is not usual to reach this last figure, and the average is an investment of 45,000 euros. How much does it cost to open a KFC franchise in Spain: investment, requirements and other things you should know This price includes the adaptation works of the premises, the stock of the store and the guarantee requested by Phone House from the franchisees. One of the great advantages of Phone House is that they do not require you to pay an entrance fee, and it is also not necessary to pay a fixed royalty, as detailed on their website. There is, yes, a variable royalty on the profit margin. The first year is 0%, the second 5% and from the third it rises to 15%. Once you have signed the agreement with the company, Phone House gives you 10,980 euros (VAT included) so that you can manage them as you see fit. If you are determined to set up this franchise or want to know more information, you have to contact Phone House. You can do it through their website or by calling 917 611 309.