Question 1

How much does it cost to open a Mr. Appliance franchise?

Accepted Answer

The total initial investment for a Mr. Appliance franchise ranges from $117K to $215K, according to the latest Franchise Disclosure Document (FDD).

Question 2

What is the Mr. Appliance franchise fee?

Accepted Answer

The initial franchise fee for Mr. Appliance is $64K.

Question 3

What are the net worth requirements for a Mr. Appliance franchise?

Accepted Answer

Net worth requirements for Mr. Appliance are specified in the Franchise Disclosure Document.

Question 4

Does Mr. Appliance require a personal guarantee?

Accepted Answer

Yes, Mr. Appliance requires a personal guarantee from franchisees. A spousal guarantee is also required.

Question 5

What equipment and inventory costs are involved with a Mr. Appliance franchise?

Accepted Answer

Equipment costs for a Mr. Appliance franchise range from $7K to $14K.