Mr. Appliance logo
Residential and commercial appliance installation and repairs

Investment

$116,500

Initial Franchise Fee

$63,750

Units

321

Growth Rate

-8%

Overview About Investment Territories Support Operations Ranking History

Overview

Industry Maintenance
Founded 1996
Franchising Since 1996
Parent Company Neighborly
Leadership Glenn Lewis, Brand President
# of Employees at HQ 1100

Units and Growth Chart

About Mr. Appliance

When it comes to appliance repair in North America, Mr. Appliance may be one of the first companies that comes to mind. The premiere home and commercial appliance repair brand began in 1996 and has since grown to over 290 locations in the U.S. and Canada.

Mr. Appliance has polished its franchise system for over two decades, striving to help people achieve true financial independence by giving them a business framework that has proven itself many times. If you’re looking for a new opportunity, or you would like to convert an existing appliance repair business, Mr. Appliance can provide you with expert resources and the support you need to get started.

Why You May Want to Start a Mr. Appliance Franchise

The appliance service industry is often considered to be fairly stable. You may even see growth during an economic downturn as customers may choose to repair rather than buying a new appliance. Customers need pros to keep their machines in good working condition. With a Mr. Appliance franchise, you may be able to provide them with those pros.

With the Mr. Appliance brand's strength, you may enjoy a successful franchise that seeks to support your local community. Mr. Appliance has been ranked in Entrepreneur’s Franchise 500 many times in the past several decades. This ranking is based on an evaluation of more than 150 data points in the areas of costs and fees, size and growth, franchisee support, brand strength, and financial strength and stability.

Mr. Appliance may be built for innovation, scalability, and repeat business. If you need financing, the Mr. Appliance franchise team may be ready to help, as it has partnered with third party sources that may help its franchisees cover the franchise fee, startup costs, equipment, inventory, and payroll.

What Might Make a Mr. Appliance Franchise a Good Choice?

To be part of the Mr. Appliance team, you should make sure you’re financially ready for an initial investment made up of a franchise fee and other startup costs. In addition, you should prepare yourself for ongoing fees that will include advertising, royalty, and potential renewal fees. 

One possible investment edge of becoming a Mr. Appliance franchisee is that the company is part of the Neighborly® system. Neighborly® is the power behind some of the biggest and most rapidly expanding home service brands in the United States. Mr. Appliance has the advantage of cross-marketing to other Neighborly brands in any given location.

How to Open a Mr. Appliance Franchise

The first step to becoming a Mr. Appliance franchisee is filling out an inquiry form.

Qualified applicants are usually invited to attend a meet the team day at company headquarters in Waco, Texas, where you will be briefed on their operations, marketing strategies, technologies, and more. Take this opportunity to speak with existing franchisees and ask questions to the Mr. Appliance team about their experiences. If you meet the brand’s requirements, you may qualify to open a Mr. Appliance franchise, and you can get started with an initial investment.

If you decide to open a Mr. Appliance franchise, you'll typically get started on a training program to prepare for opening your business. The company often assigns a coach to guide its franchisees, not only as they get ready to begin operations but throughout their ownership tenure. Will you repair your neighborhood with a Mr. Appliance franchise?

Investment Details

Initial Franchise Fee $63,750
Initial Investment $116,500 - $214,850
Net Worth Requirement
Cash Requirement $85,000
Royalty Fee 5%-7%
Ad Royalty Fee 2%
Technology Fee $274+/mo.
Term of Agreement 10 years
Is Franchise Term Renewable? Yes
Financing Third Party
Veterans Incentive 20% off franchise fee

Available Territories

Franchising opportunities available in the following regions

United States

Training & Support Programs

Comprehensive training and ongoing support to help you succeed

Training

On the Job Training 8-40 hours
Classroom Training 72.2 hours

Ongoing Support

Purchasing Co-ops
Newsletter
Meetings & Conventions
Toll-Free Line
Grand Opening
Online Support
Security & Safety Procedures
Field Operations
Proprietary Software
Franchisee Intranet Platform

Marketing Support

Co-op Advertising
Ad Templates
Regional Advertising
Social Media
SEO
Website Development
Email Marketing
Loyalty Program/App

Operations & Requirements

Key operational details and requirements for running this franchise

Is absentee ownership allowed? No
Can this franchise be run from home/mobile unit? No
Can this franchise be run part time? No
# of employees required to run 1-3
Are exclusive territories available? No

Ranking History

Mr. Appliance performance in the Franchise rankings over recent years

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Disclaimer
The information on this page is not intended as an endorsement or recommendation of any particular franchise or business opportunity by Entrepreneur Media. Our listings and rankings are solely research tools you can use to compare opportunities. Entrepreneur stresses that you should always conduct your own independent investigation before investing in a franchise or business opportunity. That should include reviewing the company's legal documents, consulting with an attorney and an accountant, and talking to former and current franchisees/licensees/dealers.
Updated: December 12th, 2022