MR. APPLIANCE

MR. APPLIANCE

Mr. Appliance franchises provide installation and repair services for appliances, sell new and used appliances, and offer dryer vent cleaning services to residential and commercial customers. The business operates as a franchise model, offering start-up opportunities or conversions of existing businesses under the Mr. Appliance brand. They target homeowners and businesses needing appliance maintenance and related home services.

310
Locations
$117K–$215K
Investment
Since 1996
Franchising
ServicesWaco, TXNeighborly Assetco LLCwww.mrappliance.comDisclaimer

Franchise Costs


Franchise Fee
$63,750
Item 5 of FDD
Initial Investment Range
$116,500 $214,850
Low: $116,500High: $214,850
Item 7 of FDD
Royalty Rate
6.00%
of gross sales
Brand Fund
2.00%
Item 6 of FDD
Fixed Monthly Fees
$624 – $724
Item 6 of FDD

5-7% royalty + 2% MAP fund + $274/mo software system (plus $85 per tech/mo) + $350-450/mo call center

Financial Performance


Item 19 Financial Performance

Average Gross Revenue
$0
Median Gross Revenue
$0
Top Quartile Revenue
$0
Bottom Quartile Revenue
$0

Data Based On: 289 franchised businesses reporting sales for all or any portion of the Reporting Period from January 1, 2024 to December 31, 2024.

* Weighted average gross revenue calculated from quartile data: (72 units × $368 + 72 units × $303 + 72 units × $274 + 73 units × $236) / 289 total units = $295.04. The table explicitly states an overall average of $295, which is consistent with the weighted average.

Extracted Item 19 Section

How MR. APPLIANCE Compares


Key Insights

  • Lower than average SBA loan default rate in Home Services
FranchiseInvestmentFeeRoyaltyLocations
MR. APPLIANCE
Current
$117K – $215K$64K6.0%310
MERRY MAIDS$127K – $166K$55K7.0%933
HOLIDAY LIGHTING HEROES$150K – $177K$127K10.0%653
SIGN GYPSIES$4K – $5K$1KN/A587
MOSQUITO AUTHORITY$54K – $128K$45K10.0%546
Culligan$130K – $814K$40K2.0%460
Home Services Average
130 franchises
$144K – $289K$53K7.0%

* Comparison based on latest FDD filings. Investment ranges from Item 7, fees from Item 5. Showing top 5 of 130 Home Services franchises by location count.

Locations & Growth


Outlet Growth Over Time

Total outlets at end of each year

Geographic Distribution (2024)

Outlets by state across the United States

Top States
1TX
34
2FL
23
3OH
16
4NC
16
5GA
16
6NY
12
7IL
11
8MI
11
9PA
10
10CO
10
11CA
10
12NJ
9
13VA
8
14TN
8
15AZ
8

+30 more states

SBA Loan History


Historical SBA 7(a) loan data for MR. APPLIANCE franchisees (20102025)

Total Loans
137
Average Loan
$186,419
Total Volume
$25.5M
Default Rate
20.4%

Loans by Year

SBA 7(a) loan activity over time

* Data sourced from SBA 7(a) FOIA loan records. Default rate calculated from charged-off loans.

Franchisee Contacts


415 franchisee contacts on file from official FDD filings.

NameSBA Loan
John Smith
ABC Franchise LLC
$350,000
2023 · Active
John Smith
ABC Franchise LLC
$350,000
2023 · Active
John Smith
ABC Franchise LLC
$350,000
2023 · Active
John Smith
ABC Franchise LLC
$350,000
2023 · Active
John Smith
ABC Franchise LLC
$350,000
2023 · Active

415 Contacts Available

Unlock all MR. APPLIANCE franchisee contacts with verified contact information

Due Diligence


Litigation (Item 3)

Franchisee Cases2

Breach of franchise agreement and promissory note disputes by franchisor against former franchisees, with counterclaims alleging fraud, misrepresentation, and Illinois Franchise Disclosure Act violations.

Bankruptcy (Item 4)

Bankruptcy HistoryNo
No bankruptcy history reported

System Health (Item 20)

Franchise system changes reported in the most recent fiscal year

Terminations
8
Non-Renewals
1
Reacquired
0
Ceased Ops
15
Transfers
19
Sold to Franchisees
0
Projected New
18

Frequently Asked Questions


The total initial investment to open a MR. APPLIANCE franchise ranges from $116,500 to $214,850. This includes a franchise fee of $63,750. Ongoing royalty fees are 6.0% of gross sales.

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