- 2021 Franchise 500 Rank
-
#149 Ranked #237 last year
- Initial investment
-
$66K - $145K
- Units as of 2020
-
296 41.0% over 3 years
Company Overview
About Mr. Appliance
- Industry
- Maintenance
- Related Categories
- Home Repairs/Handyman Services, Miscellaneous Maintenance Businesses, Home Improvement
- Founded
- 1996
- Parent Company
- Neighborly
- Leadership
- Ron Shimek, Brand President
Franchising Overview
- Franchising Since
- 1996 (25 years)
- # of employees at HQ
- 900
- Where seeking
-
This company is seeking new franchisees throughout the US.
This company is seeking new franchisees worldwide.
- # of Units
- 296 (as of 2020)
Franchisor Information
Information for Franchisees
Here’s what you need to know if you’re interested in opening a Mr. Appliance franchise.
Financial Requirements & Ongoing Fees
Here’s what you can expect to spend to start the business and what ongoing fees the franchisor charges throughout the life of the business.
- Initial Franchise Fee
- $40,000
- Initial Investment
- $65,800 - $144,515
- Veteran Incentives
- 15% off franchise fee
- Royalty Fee
- 5-7%
- Ad Royalty Fee
- 2%
- Term of Agreement
- 10 years
- Is franchise term renewable?
- Yes
Financing Options
Some franchisors offer in-house financing, while others have relationships with third-party financing sources to which they refer qualified franchisees.
- Third Party Financing
- Mr. Appliance has relationships with third-party sources which offer financing to cover the following: franchise fee, startup costs, equipment, inventory, accounts receivable, payroll
Training & Support Offered
Franchisors offer initial training programs and a variety of ongoing support options to help franchisees run their businesses.
- On-The-Job Training
- 8-40 hours
- Classroom Training
- 77.6 hours
- Additional Training
- Four regional meetings per year; annual reunion
- Ongoing Support
-
Purchasing Co-opsNewsletterMeetings & ConventionsToll-Free LineGrand OpeningOnline SupportSecurity & Safety ProceduresField OperationsProprietary SoftwareFranchisee Intranet Platform
- Marketing Support
-
Co-op AdvertisingAd TemplatesNational MediaRegional AdvertisingMarketing Planning & SupportSocial MediaSEOWebsite DevelopmentEmail MarketingLoyalty Program/App
Operations
Additional details about 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
- Are exclusive territories available?
- Yes
Franchise 500 Ranking History
Compare where Mr. Appliance landed on this year’s Franchise 500 Ranking versus previous years.
Additional Rankings
Curious to know where Mr. Appliance ranked on other franchise lists? Find out below.
Franchise 500 Ranking
Fastest-Growing Franchises
Top Global Franchises
Top Franchises for Veterans
Fastest-Growing Franchises (U.S. & Canada)
Top Franchises for Less Than $150,000
Best of the Best
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