Top 100 Franchises
2014
Mr. Appliance Corporation is one of the largest and fastest-growing full service appliance repair companies in the world. We service all types and brands of home appliances and commercial equipment. Mr. Appliance franchises across North America service all types of brands of home appliances and commercial equipment. Our professional franchise system will help you find new customers, gain market share over your local competition, and take your business to a new level of prosperity. As a Mr. Appliance franchisee, you will be equipped with marketing and public relations support, vendor rebates and incentives, and a dedicated franchise consultant to keep you on the right track. We’ll provide ongoing training in our World Class Frontline Service System, designed to give your customers the best possible experience, and our Code of Values to keep your business focused on what matters most. With over 160 other franchise owners to share best practices, you won’t be alone.
| Year | Franchised | Change | Company-Owned | Change | Total | Change |
|---|---|---|---|---|---|---|
| 2012 | 140 | -4.11% | 0 | -- | 140 | -4.11% |
| 2011 | 146 | -0.68% | 0 | -- | 146 | -0.68% |
| 2010 | 147 | -- | 0 | -- | 147 | -- |
Investment Required
The initial fee to purchase a Mr. Appliance franchise is $27,000 plus $270 per 1,000 population for additional territory. Mr. Appliance provides the following range of investments required to open your initial franchise. The range assumes that all items are paid for in cash. To the extent that you choose to finance any of these expense items, your front-end investment could be substantially reduced.
| Item | Established Low Range | Established High Range |
|---|---|---|
| Initial Franchise Fee | $27,000 | $27,000 + $270 per add'l 1,000 pop. |
| Vehicle | $2,250 | $29,220 |
| Equipment, Supplies, & Inventory | $5,900 | $11,400 |
| Insurance | $1,000 | $2,000 |
| Advertising & Promotional | $2,200 | $6,000 |
| Expenses while Training | $3,000 | $5,500 |
| Deposits, Permits, & Licenses | $0 | $1,000 |
| Professional Fees | $0 | $5,000 |
| Additional Funds (3 months) | $6,000 | $12,000 |
| Total Initial Investment | $47,350 | $99,120 + add'l franchise fee |
Ongoing Expenses
Franchisees are required to pay ongoing license fees equal to 7% of gross sales, a MAP fee equal to 2% of gross sales, a TAFS fee equal to 2% of gross sales, and local and cooperative advertising spending.
What You Get: Training and Support
Franchisees will be enrolled in an initial training program that may include a one-week Phase I program via webinar/video-conferencing, and a Phase II program consisting of 5 days of classroom training at company headquarters in Waco, TX. Phase III training will occur via telephone and is comprised of tasks and learning related to setting up the business. Additionally, franchisees will be required to complete one to five days of field training at a franchised business. Mr. Appliance will continue to provide ongoing advice and assistance regarding the operations of the franchise, as well as develop and administer promotional and advertising programs and hold refresher training courses when deemed necessary.
Territory
Mr. Appliance grants territories with a population of approximately 100,000 to 1,500,000 that are not exclusive.
Note: The tables and information regarding the number of operating units, investment required, ongoing expenses, training and territory grants were taken from the company's 2013 FDD.
