MR. APPLIANCE Franchise Startup Cost, Revenue and Profit Margin
Mr. Appliance is an appliance repairs company based in the United States of America.
If you have a background in appliances repairs and you wish to run your own appliances repairs company, you should consider an appliances repairs franchise with Mr. Appliance.
The appliances repairs business remains a profitable enterprise to engage in, how much more when support is provided.
In this article, we shall be looking at Mr. Appliance as a company and the franchise opportunity which it provides for entrepreneurs and business people.
We shall start by looking at the history of the company. We shall also be looking at the company’s franchise cost. We shall also be examining the franchise fee which the company demands from its intending franchisees.
We shall also be examining the training and support which the company provides for its franchisees.
This article will also examine the company’s terms of the initial franchise agreement and the agreement renewals which the company provides for its franchisees.
And we shall also tell you how you can open a Mr. Appliance franchise and make some money for yourself all the way.
Is Mr. Appliance a Franchise?
Mr. Appliance is a franchise. Mr. Appliance is an appliance repair company in the United States of America. The company is a popular home appliances repair company.
The company was founded 22 years ago in the year 1996. The company also started franchising the same year. The company’s headquarters is located in Waco, a city located in central Texas, a state in the United States of America.
Mr. Appliance is a private company. As a private company, the company is registered as Mr. Appliance, LLC. The company is a subsidiary company of Dwyer Franchising a leading owner of service franchise businesses in the world.
The company’s home repair service covers such home appliances as, laundry room and kitchen appliances as refrigerators; freezers, dishwashers, ovens, stovetops, ice machines, garbage disposals, microwaves ovens, vent hoods, wine coolers mixers, pizza tables, deep fryers, and many others.
The current Chief Executive Officer (CEO) of the company is Mike Bidwell.
The company’s corporate address is located at 1010 N. University Parks Dr. Waco, TX 76707.
The company’s core service is providing full-service appliance repair services to homes and businesses. The company also offers appliance maintenance services.
Mr. Appliance has franchise locations in the United States and Canada with more than 150 franchise locations.
The company runs a customer-focused operation which has earned it an appreciable level of customer loyalty over the years, making it one of the fastest-growing appliance repair companies in North America.
The company’s repair and maintenance services is available for such brands as Dacor, Amana, Fisher & Paykel, Hotpoint, Panasonic, Thermador, Asko, Samsung, LG, GE Monogram, General Electric, KitchenAid, Sharp, Wolf, Westinghouse, Maytag, Haier, Frigidaire, Equator, Bosch, among other respected brands.
How Much Does Mr. Appliance Franchise Cost?
Mr. Appliance requires a franchise fee of $35,000 (U.S. dollar) from its intending franchisees. The intending franchisees are also required to show a liquid capital of $60,000 (U.S. dollar) among other fees that the franchisee is required to pay.
Mr. Appliance Franchise Fee
All intending franchisees at Mr. Appliance are required to pay a franchise fee of $35,000 (U.S. dollar). The intending franchisees are also required to pay a royalty fee of 7% and an ad royalty fee of 2%.
Mr. Appliance Franchise Start-up Cost
The start-up cost required to start a Mr. Appliance franchise starts at a minimum of $60,800 (U.S. dollar) and a maximum start-up cost of $139,515 (U.S. dollar).
Mr. Appliance Franchise Training and Supports
Mr. Appliance provides training for its franchisees. The company’s franchisee training is carried out at the company’s headquarters in Waco, Texas, in the United States.
The company also provides support for its franchisees. The support which franchisees at the company receive include;
- Appliance’s franchisees receive grand opening support from the company.
- Every franchisee at the company also enjoys ongoing training from the company.
- Franchisees receive proprietary software support from Appliance.
- The company provides marketing support for its franchisees.
- There is online support for all franchisees at the company.
- Franchisees also receive territory protection support from Appliance.
- All franchisees at the company receive networking support from the company.
- The toll-free line is provided to support all franchisees.
Mr. Appliance Franchise Terms of Agreement/Renewal
To obtain information on the terms of the initial franchise agreement at Mr. Appliance and the agreement renewals which the company provides, the intending franchisee should contact the company directly on its website at www.franchise.mrappliance.com.
How Much Does a Mr. Appliance Franchise Make?
It really cannot be stated, how much a Mr. Appliance franchise makes. The amount a Mr. Appliance franchise makes is determined by the location of the franchise.
However, the company’s franchisees can be sure to make good money with the company riding on the back of the loyalty which the company enjoys from its customers.
How to Open a Mr. Appliance Franchise
For entrepreneurs who are interested in opening a Mr. Appliance franchisee, they are required to contact the company directly on its website at www.franchise.mrappliance.com to fill out the franchise request form.