Cell Phone Repair Franchise Systems, Inc., is the most widely known and respected brand in the cell phone and gadget repair industry. CPR® (www.cpr-stores.com) is the largest player in the industry with an anticipated 200 locations slated by the year 2013.
Scale Finance provides CFO services for CPR and facilitated a senior debt bridge financing for the company recently.
CPR is an independent service organization dedicated to the on-premises repair of cell phones, iPods, and electronic devices. CPR’s conveniently located retail outlets offer “while-you-wait” service and speedy iPhone screen replacement repairs for every smart phone conceived. Once upon a time, broken cell phones were dismissed cursorily as ”throw-away” gadgets – cheap to buy and cheap to replace. Those days are gone, as the newest models are more complex, more pricey, and have taken functionality to brave new levels barely conceived of just a few years ago. Because these gadgets are less disposable – savvy consumers are more likely to have damaged units repaired.
From water damage to cracked or shattered LCDs, CPR®’s own in-house service technicians have the capability to fully restore any salvageable damaged electronic devices on the spot, typically within an hour.
About Scale Finance
Scale Finance LLC (www.scalefinance.com) provides contract CFO services, Controller solutions, and support in raising capital, or executing M&A transactions, to entrepreneurial companies. The firm specializes in cost-effective financial reporting, budgeting & forecasting, implementing controls, complex modeling, business valuations, and other financial management, and provides strategic help for companies raising growth capital or considering M&A/recapitalization opportunities. Most of the firm’s clients are growing technology, healthcare, business services, consumer, and industrial companies at various stages of development from start-up to tens of millions in annual revenue. Scale Finance LLC has offices throughout the Carolinas including Charlotte, Raleigh/Durham, Greensboro, and coastal Carolinas with a team of more than 45 professionals serving more than 120 companies throughout the region.
