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2024 Franchise 500 Rank
#178 Ranked #135 last year
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Initial investment
$95K - $177K
Units as of 2023
343 Increase 15.9% over 3 years

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?

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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
Corporate Address 1010 N. University Parks Dr.
Waco, TX 76707
Social Facebook, Twitter, LinkedIn, YouTube, Pinterest

Business Overview

Franchising Since 1996 (28 years)
# of employees at HQ 1,600
Where seeking

This company is offering new franchises throughout the US.

This company is offering new franchises in the following international regions: Canada

# of Units 343 (as of 2023)

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 Information Circle
$53,125
Initial Investment Information Circle
$94,875 - $177,345
Net Worth Requirement Information Circle
$250,000
Cash Requirement Information Circle
$85,000
Veteran Incentives Information Circle
15% off franchise fee
Royalty Fee Information Circle
5%-7%
Ad Royalty Fee Information Circle
2%
Term of Agreement Information Circle
10 years
Is franchise term renewable? Yes
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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 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
National Media
Regional Advertising
Social Media
SEO
Website Development
Email Marketing
Loyalty Program/App

Operations

Additional details about running this franchise.

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

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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