Disclosure certainty 4/5 debate potential 1/5

Douglas bought 50% of OneUp Repairs for $17,000 in 2014

Erica Douglas · EP 328: She Bought 50% for $17k, Now Does $1M Per Year in iPhone Repairs · Jun 17, 2016 · at 5:16

Erica Douglas, co-owner of electronics repair company OneUp Repairs, explains how she originally invested in the business with her partner John in December 2014.

0:00 / 0:04exact quote · 4.1s
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“So I put in about 17,000 dollars for about half of the business at that point.”

quote is from the automated transcript, cleaned for reading: filler sounds and stutters are removed, nothing is rephrased. names can be misheard (the analysis reads context, assessments check outside sources). how →

More from Erica Douglas

Assertion Supported
Apple refuses to sell repair parts to independent shops
“Apple does not actually sell repair parts.”
Erica Douglas Jun 17, 2016 ▶ 8:21 EP 328: She Bought 50% for $17k, Now Does $1M Per Year in iPhone Repairs
Insight
Douglas: Never pick a device repair shop based on price alone
“So one thing I would say is never pick a repair shop based on price alone. Ask them about the quality of their parts and where they come from.”
Erica Douglas Jun 17, 2016 ▶ 9:36 EP 328: She Bought 50% for $17k, Now Does $1M Per Year in iPhone Repairs
Assertion Not checkable as stated
OneUp Repairs reached $380,000 in revenue in 2015
“380,000.”
Erica Douglas Jun 17, 2016 ▶ 5:31 EP 328: She Bought 50% for $17k, Now Does $1M Per Year in iPhone Repairs
Prediction Not checkable as stated
OneUp Repairs expects over $1M in revenue for 2016
“I don't have exact numbers because we have two stores now and I'd have to add them up together, but I know we're on track to do well over a million dollars in revenue this year.”
Erica Douglas Jun 17, 2016 ▶ 6:09 EP 328: She Bought 50% for $17k, Now Does $1M Per Year in iPhone Repairs
Assertion Not checkable as stated
Douglas: OneUp Repairs operates at roughly 25% gross margin
“It's a gross margin is about 25%.”
Erica Douglas Jun 17, 2016 ▶ 6:18 EP 328: She Bought 50% for $17k, Now Does $1M Per Year in iPhone Repairs
Assertion Not checkable as stated
OneUp Repairs generated $62,000 in revenue in 2014
“About 62,000.”
Erica Douglas Jun 17, 2016 ▶ 5:27 EP 328: She Bought 50% for $17k, Now Does $1M Per Year in iPhone Repairs
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