How much will it cost to start a shared power bank network?
The cost of starting a shared power bank network comes down to how advanced the product should be. There's a lot to take into account...
TL;DR It all comes down to how advanced the product should be, you have to take both time and investment into account. The upstart cost for your own power bank network could be anywhere from €20000 to €250000, depending on if you buy a ready made app or build it. One model is that you, as a franchisee or network partner, buy your own stations from the franchisor. At Brick, the minimum investment to become a Network partner is €3980 for 20 stations plus shipping cost.
This is a difficult question to answer since it depends on what way you want to do it. Today, there are a lot of different companies that offer franchise or white-label solutions. Choosing one or the other will impact the cost of starting up and running the business.
If you choose to start your own business you will need at least one full-stack developer and a business manager. Since it all comes down to how advanced the product should be (App based? Payment terminal? Specific station functions?), you have to take both time and investment into account. To launch faster, scale the team or find more co-founders. The cost of launching your own power bank network varies from €20,000 to upwards of €250,000. The cost largely depends on if you buy a ready-made app or build your own. Post-launch you are going to add operation costs too; storage, servers, licenses, development, etc.
Looking to start a franchise, become a network partner, or a white-label company?
This depends on your budget, market, or how many stations you are looking to place among other things. The usual model is that you as a franchisee or network partner buy your own stations from the franchisor. Some power bank network companies offer a model with a larger initial investment sum, others a monthly fee. Often, you will also have a fee based on the number of stations or users. This is because software maintenance costs increase when the network grows. At the same time, your revenue should increase as well!
At Brick, the smallest investment to become a Network partner is €3980 for 20 stations, plus shipping costs.
So what about Return on Investments? The short answer is – it depends. Check out our ROI-calculations based on existing partnerships.
Are you interested in knowing more about starting a power bank network?
Please contact us and we will tell you more!
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