Question 1

Does Mr. Appliance franchise offer exclusive territory?

Accepted Answer

Mr. Appliance offers Protected territory protection to its franchisees. This means you have limited protection from nearby competition, though some restrictions may apply.

Question 2

What is the Mr. Appliance franchise agreement term length?

Accepted Answer

The initial franchise agreement term for Mr. Appliance is 10 years. Franchisees may renew up to 1 time for 10-year periods. The total potential term is 20 years.

Question 3

What is the non-compete clause for Mr. Appliance franchise?

Accepted Answer

The Mr. Appliance franchise non-compete clause extends for 2 years within a 25-mile radius after termination or expiration of the franchise agreement.

Question 4

Can you transfer or sell a Mr. Appliance franchise?

Accepted Answer

Yes, Mr. Appliance allows franchise transfers, subject to franchisor approval and conditions outlined in the agreement. A transfer fee of $7,500 applies.