Franchising with Mr. Appliance offers the opportunity to enter the appliance repair industry with an established brand and a proven service-based business model. Mr. Appliance franchise owners provide repair and maintenance services for household and commercial appliances, helping customers extend the life of the equipment they rely on every day. Franchise owners receive training, technology, marketing resources, and ongoing operational support to help them build and grow their businesses. With demand driven by the continued need to maintain and repair essential appliances, Mr. Appliance provides a supported path to ownership in a valuable home services category.

Yes, there are many ways to fund a franchise. Neighborly works with third-party lenders to provide financing options for qualified candidates. Options might include self-financing, commercial bank loans, small business administration (SBA) loans, or other forms of financing. Our team of experts can help point you in the right direction. For more information, schedule a call with one of our representatives or read our “How to Finance a Franchise” article.

Mr. Appliance franchise owners can expect to pay a license fee (or commonly known as a royalty) of 5-7% based on prior years' gross sales. A license fee or royalty is a regular payment franchise owners make to access the brand’s established systems, support, marketing, and operational resources. This fee is important because it funds the ongoing training, technology, and national brand development that help franchise owners grow and maintain a successful, competitive business.

To open a franchise, you need dedication, a full understanding of the franchise agreement, and funds to support your investment. Do research to determine the right industry, price point, and brand that fits your interests and goals. Here’s a resource for evaluating franchise opportunities. Once you’ve narrowed it down, ask your top franchisors plenty of questions and secure the proper funding for your chosen franchise brand.