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Units as of 2020
296 (86 added in 3 years)
41.0%
2021 Franchise 500 Rank
#149 Ranked #237 last year
Initial investment
$66K - $145K

Company Overview

Established in 1996, Mr. Appliance provides full-service appliance service and repair to both commercial and residential clients at more than 150 locations worldwide. Mr. Appliance is a subsidiary of The Dwyer Group.

About Mr. Appliance

Industry
Maintenance
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

Corporate Address
1010 N. University Parks Dr.
Waco, TX 76707

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-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
Marketing Planning & Support
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?
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.

Ranked #149

Franchise 500 Ranking

Ranked #74

Fastest-Growing Franchises

Ranked #141

Top Global Franchises

Ranked #43

Top Franchises for Veterans

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Disclaimer
The information on this page is not intended as an endorsement or recommendation of any particular franchise by Entrepreneur Media. Our franchise listings and rankings are solely research tools you can use to compare franchise operations. Entrepreneur stresses that you should always conduct your own independent investigation before investing in a franchise. That should include reviewing the franchisor's legal documents, consulting with an attorney and an accountant, and talking to former and current franchisees.
Updated: February 8th, 2021
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