Franchise Summary
Description
The franchised business being offered is MR. APPLIANCE® which installs and repair appliances, sells new and used appliances and clean dryer vents for residential and commercial customers.
Company Background
Mr. Appliance is a franchise business that provides appliance installation and dryer vent cleaning for residential and commercial customers. We have been in the industry since 1978, so we know what it takes to satisfy our customer's needs. With Mr. Appliance, you never have to worry about your appliances breaking down again!
Franchise Opportunity
Appliance repair can be a frustrating experience if you don't know what you're doing, but it doesn't have to be. Mr. Appliance offers affordable appliance repair services for homeowners and commercial businesses in the U.S., Canada, Puerto Rico and the Virgin Islands. We offer same-day service with no overtime charges or hidden fees and we guarantee all of our work for one year! You'll never pay extra for parts or labor because we include them in our flat rate prices up front. Our technicians are factory trained so they can fix your appliances right the first time every time without any guesswork involved! As a franchisee, you will install and repair appliances and clean dryer vents for residential and commercial customers while providing world class customer service at competitive rates that keep your clients coming back again & again! We provide comprehensive training programs along with ongoing support from corporate headquarters before, during & after opening day to help ensure success as an owner
Corporate Structure
The franchisor is Mr. Appliance SPV LLC, a Delaware limited liability company, which began offering franchises in 1996. Its principal business address is 1010 North University Parks Drive, Waco, Texas 76707, and its direct parent is Neighborly Assetco LLC.
Royalties and Marketing Fees
Royalties : 5.0% - 7.0% of revenue
Earnings Transparency
This Franchise discloses slightly less information about the financial performance of their franchisees compared to other franchises in the same industry
Why do some franchises disclose more than others?
There are many reasons why a brand may choose to not include item 19 on their FDD: they could be a newer franchise, they may be in a unique industry that is not super profitable or well-known yet
Franchise Types Available
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Employee Contact Database
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Distribution of Mr. Appliance Franchisees
Mr. Appliance Franchise System Development in 2024
FAQ
How much investment do I need to start my own Mr. Appliance business?
Franchisees typically require at least $116,500 to $214,850 investment to get their Mr. Appliance business started
What are the initial franchise fees for Mr. Appliance?
Franchisees typically need to pay at least $65,349 in fees directly to Mr. Appliance in order to earn the right to launch their business
How much money can I make with a Mr. Appliance franchise? What are
the average revenues for a typical Mr. Appliance business?
We haven’t done the math on how much revenue a typical
Mr. Appliance brings in each year. We estimate that other
franchisees in the Home Services industry generate
$1,131,885 revenue, so we would expect
Mr. Appliance to generate a similar amount
How long do I need to commit to running a Mr. Appliance unit? What
is my contractual commitment?
Mr. Appliance franchisees are typically required to sign up to a
10 year contract initially. The renewal length
is 10 years. You can of course exit early but
don’t expect to get any refund!
Accessibility
The Franchisor's investment costs ranges from
$116,500 to $214,850
which is
Much Lower
than the $0 to $0 average in the Maintenance & Repairs industry
What determines the investment cost?
Item 7 of the Franchise Disclosure Document lays out the full list of initial investment costs, including the fee payable to the franchisor, security deposits, equipment, professional fees etc
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