Experimac is a retail franchise opportunity promoted and sold by United Franchise Group (UFG), the multi-concept franchisor of Signarama, EmbroidMe (aka Fully Promoted), Transworld Business Advisors, and others. Out EXPERIMAC Franchise Closed Store List project is a collaborative effort to document each Experimac franchise location that closed or was transferred to new owners since UFG launched the Experimac franchise program in 2014. All information is approximated and should readers should independently verify as part of their due diligence research.
(UnhappyFranchisee.Com) Experimac is a relatively new franchise computer store concept aggressively promoted by its franchisor, United Franchise Group (UFG).
According to the company’s franchise website, Experimac is “the fast-growing technology repair franchise that focuses on sales and service of pre-owned computers, cell phones and other electronic devices.”
According to the 2018 Experimac Franchise Disclosure Document (FDD), the total initial investment to open a franchise store ranges from $142,010 to $321,140.
The Experimac Franchise Agreement has an unusually long term of 35 years, and requires a $49,500 franchise fee and royalty & marketing fees amounting to 7% of gross sales.
Franchisees who have closed stores describe losses of $200,000 – $300,000+, destruction of personal credit worthiness, loss of 401K savings, bankruptcy and heavy personal tolls on both professional and family relationships.
Many Experimac franchises have been financed by SBA 7(A) guaranteed loans through First Financial & Celtic Bank. The SBA loan default rates are rising as more stores close.
Experimac Store Closures Are Rising
The Experimac franchise store closure list project is an ongoing, interactive, crowd-sourced effort to track franchise location closures and ownership transfers (which often represent a partial or total loss of investment by the previous owner/s). The information has been compiled from publicly available sources, including the Experimac website, FDDs, YELP! and other review sites, and reporting from customers, employees and franchisees. Please share corrections, updates or additional information in the comment section below; consider helping us maintain this list with a contribution here.
Here is our best-guess estimates of some key statistics as of 1/14/19:
- Number of Experimac locations listed as Open on Company website: 96
- Number of Experimac franchises we’ve identified as closed or transferred (below): 54
- Estimated percentage of franchises closed or transferred: 36.4%
- Estimated % of SBA loans in default (charge-off) status: 20% – 35%
- Number of states with Experimac closures or transfers: 21
EXPERIMAC Store Closures & Transfers (updated 1/14/19)
AZ Chandler 4015 S. Arizona Avenue, Suite 4 Chandler AZ 85248 480-207-1150 (2017/18 FDD Owner Walid Kaakous transferred ownership to Priyanka Kalra) [TRANSFER]
AZ Gilbert 861 N. Higley Road, Suite 112 Gilbert AZ 85234 480-207-1150 (2018 FDD Walid Kaakous transferred ownership) [TRANSFER]
AZ Scottsdale 13802 N. Scottsdale Road, Suite 175 Scottsdale AZ 85254 480-664-4707 (2018 FDD Lynette Ray transferred ownership to Priyanka Kalra) [CLOSED]
YELP lists as Closed. BBB Lists as Out of Business
CA Chico 1354 East Avenue, Suite S Chico CA 95926 530-809-4088 (Owner Chris Thomas 2017/18 FDD) [CLOSED]
YELP Closed Owner profile: https://www.newsreview.com/chico/career-reboot/content?oid=22845699
CA San Luis Obispo 3940-3 Broad St San Luis Obispo, CA 93401 (805) 439-4049 (Owner Melissa Morrissey per 2018 FDD) [CLOSED]
CA Santa Ana 1509 E. McFadden Avenue, Santa Ana, CA 92705 657-247-0600 (Janice Lee, James Wang, 2018 FDD) [CLOSED]
CA Temecula 27365 Jefferson Ave, Suite Q, Temecula, CA 92590 951-296-0640 (Andrew King 2017; left system in 2018 FDD) [CLOSED]
YELP 8/24/17 “I’m sad it closed
CO Arvada 8410 Wadsworth Blvd, Unit H-South Arvada CO 80003 720-573-8659 (Owner Ricardo Salinas, Zachary Salinas 2017/18 FDDs) [CLOSED]
CO Colorado Springs 6912 N Academy Blvd Colorado Springs, CO 80918 719-264-2380 (Owner Patrick Wentland 2018 FDD) [CLOSED]
CO Highlands Ranch 2209 W Wildcat Reserve Pkwy, Suite E4, Highlands Ranch CO 80129 303-470-0026 (George N. Leonis 2017/18) FDD [CLOSED]
CT Guilford 874 Boston Post Road, Guilford, CT 6437, 203-457-5987 (Owners Craig Ruzicki, Melissa Ruzicki 2017/18 FDDs) [CLOSED]
CT Rocky Hill 2162 Silas Deane Hwy Rocky Hill, CT 06067 (860) 372-4012 (Owner Matthew Rusconi per 2018 FDD) [CLOSED]
FL Gainesville 3265 SW 34th St Gainesville, FL 32608, 352-204-5328 (Owner David McCollister 2018 FDD) [CLOSED]
FL Jacksonville 1650 San Pablo Road South, Suite 14 , Jacksonville, FL, 32224 904-220-9992 (Owners Leroy McCarty Fonda McCarty 2018 FDD) [CLOSED]
FL Orlando 4498 N. Alafaya Trail, #300 Orlando FL 32826 407-988-3544 (Christophe Sevin, 2017 FDD Left 2018 FDD Resold?) [CLOSED]
GA Smyrna 2690 Cobb Pkwy SE Ste A-3 Smyrna, GA 30080 (Owner Mark Simmons 2018 FDD) (Listed for sale 1/13/19 for $95,000) [CLOSED]
BizBuySell Smyrna Experimac listing : “The current owners have been forced to sell this store. It is currently closed, but is a complete build-out ready for a new owner to breath new life into it. Located across the street from the new Atlanta Braves stadium, this is a fantastic location in which to build a very lucrative business. New, this franchise location would cost more than $200,000 including all fees and build out. But you can own it for a fraction of that price. This is a distressed sale and not for everyone. “
GA Suwanee 425 Buford Hwy Suwanee, GA 30024 (678) 765-7625 (Owners 2017 FDD: Marie Umberger transferred ownership, 2018 FDD: Robert Jefferson Rene Jefferson) [TRANSFER] [CLOSED]
YELP “permanently closed” 9/8/18
IL Peoria 5011 W American Prairie Dr Peoria, IL 61615 (309) 966-2568 (Franchise Owner Gary Wolf)
KY Lexington 2380 Norman Lane, Suite 130, Lexington, KY 40503 859-368-9265 (Owner Donald Dixon Jr 2018 FDD) [CLOSED]
LA Bossier City 2369 Airline Dr Ste 300 Bossier City, LA 71111 (318) 383-0643 (Owners Timothy Larkins, Stephen Hyde per 2018 FDD) [CLOSED]
LA Lafayette 2819 Johnston St Lafayette, LA 70503 (337) 534-4542 (Franchise Owner Frank Vinyard Jr) [CLOSED]
LA North Shreveport 7013 Pines Rd, Shreveport LA 71129 318-383-2644 (Owners Timothy Larkins, Stephen Hyde 2018 FDD) [CLOSED]
LA South Shreveport 6114 Line Ave Shreveport, LA 71106 (318) 383-0644 (Owners Timothy Larkins, Stephen Hyde 2018 FDD) [CLOSED]
MA Middleton 149 Main Street, Unit M Middleton MA 01949 978-304-0134 (Owner Phuc “Henry” Pham) [CLOSED] [MAY BE OPEN OR REOPENED – checking]
MD Bethesda (Pamela Zama, 2018 FDD listed as having left the system, transferred ownership to Chris Burneko) [TRANSFER]
MD Severna Park 487 Ritchie Hwy Suite 102 Severna Park MD 21146 410-544-1241 (Owner Kevin Myers, 2017 FDD) [CLOSED]
ME Portland 1041 Brighton Ave, Suite 10C Portland ME 4102 207-835-0358 (Franchise Owner Jeff Van Horne, 2018 FDD) [CLOSED]
MO Fenton 794 Gravois Bluffs Blvd, Ste A Fenton MO 63026 636-326-4622 (Franchisee Christine Witte, 2018 FDD) [CLOSED]
“6/17/2017 This place is now closed. Drove up here only to find a sign on the door saying it’s permanently closed. They need to update their website.”
MO Joplin 420 N. Rangeline Rd., Ste 14 Joplin MO 64801 417-622-4662 (Owner Tim Holder 2017/18 FDD) [CLOSED]
NV Las Vegas (Summerlin South) 9101 W. Sahara Ave, Suite 104 Las Vegas NV 89117 USA 702-202-2424 (Owner Rochelle Cavaretta) Google
NV North Las Vegas 5515 Camino Al Norte, Unit 105 North Las Vegas NV 89031 USA 702-790-4813 (Owner Brando Younger) Google
NJ Fair Lawn 21-10 Saddle River Road Fair Lawn NJ 07410 USA 201-300-6010 (Owners: the late Lee Morgenstein, Daniel Morgenstein) [CLOSED] YELP
NY Bohemia 4773 Sunrise Hwy Bohemia NY 11716 631-319-1355 (Owner Adam Tuzza) [CLOSED]
Google: “Experimac Bohemia is recorded closed at this location”
NY Smithtown 270 West Main Street Smithtown NY 11787 631-979-9500 (Robert Newell, 2017 FDD) [CLOSED]
NY West Hempstead 456 Hempstead Turnpike, Suite 5A West Hempstead NY 11552 516-292-2444 (Okechukwu “Okey” Nwanna, 2018 FDD) [CLOSED]
NC Charlotte (Owner Jeffery Prainito, 2018 FDD transferred ownership to Robert Schneider) [TRANSFER]
NC Fayetteville 2956 Owen Drive Fayetteville NC 28306 910-223-2500 (Owner Daniel Boisse) [CLOSED]
Google: “Experimac Fayetteville is recorded closed at this location.”
NC Greenville 518 SE Greenville Blvd Greenville NC 27858 252-689-6720 (Owner Gustav Bone) [CLOSED]
ND Bismarck 2706 Rock Island Place, Suite 2 Bismarck ND 58504 701-595-7600 (Owners Taylor Rash Alicia Rash) Google
OH Akron 1706 W Market St Akron, OH 44313 (234) 334-5006 (Owners Ronald Mosley, Benita Mosley) [CLOSED]
OH Dayton 3633 Rigby Road Dayton OH 45342 937-247-9197 (Owners Eliza Mallue, Jeffrey Mallue) [CLOSED]
OH Pickerington 156 Clint Dr Pickerington OH 43147-7994 (Owners Allison Stahl, Stacey Flowers) [CLOSED]
SC Indian Land 8356 Charlotte Hwy Indian Land, SC 29707 (803) 548-0535 (Owner David Ifill, Jr. 2018 FDD) [CLOSED]
SC North Charleston 7800 Rivers Avenue Unit 1040 North Charleston SC 29406 843-207-4407 (Owner Chris Knight) [CLOSED]
TN Mt Juliet 3384 N Mt Juliet Road Suite 1000 Mt Juliet TN 37122 615-457-8000 (Owner Scott Maulsby, 2018 FDD) [CLOSED]
TN N. Madison 1720 Gallatin PK N.Madison TN 37115 615-606-6126 (Owner Leslie Clendenin, 2018 FDD) [CLOSED]
TX Addison 3713 Belt Line Road Addison TX 75001 214-774-9468 (Owners Amit Phillaura, Jana Phillaura) [CLOSED]
TX Arlington 4211 S Cooper St, Ste 129 Arlington TX 76015 682-808-4886 (Athar Sheikh, 2018 FDD) [CLOSED]
TX Carrollton 1616 W Hebron Parkway #118 Carrollton TX 75010 214-731-0409 (Owners Abul Ahmed, Samia Ahmed) [CLOSED]
TX Dallas 7612 Campbell Road Suite 200 Dallas TX 75248 972-925-9462 (Aroon Desai, Vashka Desai 2018 FDD) [CLOSED]
TX Dallas 5400 E Mockingbird Ln Ste 113 Dallas, TX 75206 (214) 823-2673 (Owners Hemanth Sehgal, Rina Sehgal) [CLOSED]
8/28/18 “THIS STORE HAS CLOSED!!!!!! They went out of business some time in early August.”
TX Frisco 7151 Preston Rd, Suite 341C Frisco TX 75034 972-294-5970 (Owner Gerald Odum, 2018 FDD) [CLOSED]
TX Garland 425 Coneflower Drive Garland TX 75040 972-414-4723 (Owner Michelle Foley, 2018 FDD)[CLOSED]
TX Houston 6608 Highway 6 N Houston TX 77084 832-674-9836 (Pedro Gamboa, 2017 FDD) [CLOSED]
TX Houston 8501 S Sam Houston Parkway E #A110 Houston TX 77075 281-888-2190 (2017 FDD: Owner Michael Taylor transferred ownership, 2018 FDD: David Scarbrough) [TRANSFER]
TX Humble 9473 FM 1960 Bypass West #100 Humble TX 77338 832-995-5434 (Owner Percy Kennedy, 2018 FDD) [CLOSED]
TX Magnolia 18252 FM 1488 Ste. 130 Magnolia TX 77354 281-259-9529 (Owner Wesley Prince, 2018 FDD) [CLOSED]
TX Pearland 1910 Country Place Parkway, Suite 158 Pearland TX 77584 832-554-3183 (Owners Sandra Gonzalez, Bernadette Morales, 2018 FDD) [CLOSED][CLOSED]
TX Plano 4709 Parker Road, Suite 440 Plano TX 75093 469-814-0706 (Owner James Spisak Closed 11/16) [CLOSED]
TX San Antonio 5910 Babcock Rd, Suite 201 San Antonio TX 78240 210-462-7052 (Michael Voss, Katherine Voss) [CLOSED]
BizBuySell 2/28/19: “FIRE SALE! Experimac Retail Store MUST SELL! Only One in San Antonio
“San Antonio, TX (Bexar County) Asking Price: $75,000 Gross Revenue: $350,000 FF&E: $80,000 Inventory: $30,000 Established: 2017
“This business is new to the San Antonio area, There is tremendous growth opportunities in this locations as well as continued expansion opportunities in the surrounding area.
“Support & Training: The franchise will provide all the training and support that is needed for a new owner to be successful.
“Reason for Selling: Due to family support and health issues they no longer have the time to manage”
TX Spring 7306 Louetta Road, Suite A116 Spring TX 77379 USA 713-575-5768 (2017 FDD owner Charles Stuller, Jr. transferred ownership to Matthew White, 2018 FDD) [TRANSFER][CLOSED]
VA Manassas 8669 Sudley Rd Manassas, VA 20110 (571) 379-5782 (Owners Ronald Mosley, Benita Mosley) [CLOSED]
UT Draper 256 East 12300 South, Suite C Draper UT 84020 801-572-9272 (Owner Karl Vrba) [CLOSED]
UT St. George 558 East Riverside Drive, Suite 112 St George UT 84790 435-319-8409 (Owner David Elliott) [CLOSED]
WA Federal Way 2120 S 320th St Federal Way, WA 98003 (253) 455-2990 [Owner Gordon Geddins][CLOSED]
Phone message: Closed indefinitely.
WA Seattle 6040 California Avenue SW, Suite A Seattle WA 98136 USA 206-935-3378 Closed 11/18 (Owners Travis Weaver, Ling Weaver 2018 FDD) [CLOSED]
WA Tacoma 5006 Center Street, Suite C Tacoma WA 98409 253-301-2895 (Owner Kimberly Bottemiller) [CLOSED]
WI Brookfield 18900 W. Bluemound Road, Suite 151 Brookfield WI USA 53045 414-433-3380 (Opened on March 9, 2016. Resold? Reopened? Brian Troyk left system, 2017 FDD) [CLOSED]
reported closed on FOURSQUARE
Thanks to our franchise owner contributors (You know who you are!) Please report store closures, re-openings, transfers and corrections in the comments below or email UnhappyFranchisee[at]Gmail.com. Post links to closure notices or articles when possible.
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