Mr. Appliance Franchise
Mr. Appliance, along with 22 other nationally recognized home service brands, form "Neighborly": a community of home service experts.
To buy a franchise with Mr. Appliance, you'll need to have at least $50,000 in liquid capital and a minimum net worth of $75,000. Mr. Appliance charges a franchise fee of $35,000.
Franchisor Details
Total Units: 230
Year Founded: 1996
Franchising Since: 1996
Home Office: Waco, TX
Training: Available
Locations Available: See Below*
Franchise Costs
Liquid Capital Required: $50,000
Net Worth Required: $75,000
Total Investment: $60,800 – $139,515
Franchise Fee: $35,000
Royalty Type:
Vetern Discount: Yes; Founding Member of VetFran Program
*Mr. Appliance is currently accepting inquiries from the following locations: Alaska, Arizona, Arkansas, California, Canada, Connecticut, Delaware, District Of Columbia, Florida, Georgia, Illinois, Iowa, Kentucky, Louisiana, Maine, Maryland, Massachusetts, Michigan, Minnesota, Missouri, Montana, Nebraska, New Hampshire, New Jersey, New Mexico, New York, North Dakota, Pennsylvania, Rhode Island, South Dakota, Utah, Vermont, Virginia, West Virginia, Wisconsin, Wyoming
Values & History
Mission
To create encore experiences that customers can't wait to share with others.Vision
To be the appliance service leader renowned for integrity and dependability.Code of Values
Mr. Appliance locations share a Code of Values and culture to live by, which not only outlines how we work but also how we live our daily lives. We live our Code of Values by accomplishing the following:- Respect
- Integrity
- Customer Focus
Industry Performance
Mr. Appliance is an award-winning appliance repair franchise, ranked by Entrepreneur as a Franchise 500 Top Franchise and a Franchise 500 Top Franchise for Veterans in 2017, and also ranked by Franchise Times as a top 200+ Franchise. In 2017 Mr. Appliance was also awarded the Best for Vets Franchises Award by Military Times.
In addition to this success, the forecast for the appliance repair industry overall is very strong. Propelled by a decrease in DIY projects as the economy has strengthened as well as an increase in consumers investing in appliance repair given the affordable prices, appliance repair has grown to a 5 billion dollar industry, and it is still growing. Now is the perfect time to break into this arena and start your own appliance repair business with Mr. Appliance.
Training & Support
At Mr. Appliance, our franchisees are our top priority. We understand the importance of feeling secure in your business, so we make sure to give you all the information, tools, and resources you need to feel prepared. All of our franchisees are guided through the franchise opening process by a dedicated Sure Start Consultant. Then, once the business is established and you are up and running you will have a dedicated Franchise Consultant as well.
To help ensure your success we offer training in areas such as: setting up systems and operations; technology use; marketing; finance management; and ongoing training and development. Mr. Appliance and Neighborly also offer regional and national conferences to give franchisees the opportunity to gather, share, and learn together. There's nothing like talking "shop" with fellow franchisees — they just understand the business!
Ideal Candidate & Qualifications
The possibility of taking on business ownership is exciting. It's a big decision, but one that can result in a lifetime of financial, professional, and personal rewards. When you join us as a Mr. Appliance franchisee, you'll have access to a wealth of resources for running your business. We are dedicated to providing you with a host of support services to help your business thrive.
Owning a business requires an entrepreneurial spirit and a dedication to working hard each and every day. At Mr. Appliance, we take pride in the fact that the majority of our franchisees are former independent appliance repair business owners. We know it takes superior technical skills, proficient customer service experience, and downright grit and determination to build a successful appliance repair business and sustain it. We are looking for appliance repair business owners who want to maximize their profitability, and others who have the skills and qualities that it takes to make running a small business a success.
Purchasing a Mr. Appliance Franchise
The initial franchise investment is determined on a case-by-case basis with a franchise fee of $35,000 and a total investment range of $60,000 to $139,515. A Mr. Appliance Franchise Developer is happy to answer your questions. Be sure to ask your Franchise Developer about financing options like 401K roll-overs, IRA, SBA loans, unsecured lines of credit, and credit card financing.
Mr. Appliance is a FranNet Verified Brand
FranNet Verified Brands are reviewed by FranNet to ensure legitimacy and industry required documentation.
Mr. Appliance is a FranNet Verified Brand
FranNet Verified Brands are reviewed by FranNet to ensure legitimacy and industry required documentation.