5 Best Appliance Repair Franchise Opportunities 2024

The appliance repair industry in the U.S. is estimated to be around $4 billion, and there are not that many full-fledged businesses running in the U.S. This is because most people work independently in this field. But if you are someone who wants to get into this business, then this guide on the 5 best appliance repair franchise opportunities is just for you.

Make sure to read this guide till the end to find out the best-suited option for yourself.

5 Best Appliance Repair Franchise Opportunities

Best Appliance Repair Franchise Opportunities 2024

1. Mr. Appliance

Mr. Appliance
Founded1996
Franchising SinceN/A
Estimated Outlets300+
Initial Investment$94,875 – 177,345
Franchise Fees$53,125
Liquidity$85,000
Royalty Fees5% – 7%

Founded in 1996, Mr. Appliance is a nationally recognized appliance repair brand with more than 300 locations throughout North America.

Whether you want to open a new franchise or revitalize your current appliance repair business, Mr. Appliance offers the flexibility of both options.

The starting investment for Mr. Applicance franchise is only $94,875, and the franchisor offers financing options as well as 15% off the initial franchise fee to qualifying veterans.

For more information about the franchising process, you can simply visit their website.


2. Mister Sparky

Mister Sparky
FoundedN/A
Franchising Since2006
Estimated Outlets100+
Initial Investment$118,954 – $213,738
Franchise Fees$33,000
Liquidity$150,000
Royalty Fees6% of gross revenue or $1,500 per month, whichever is greater

Mister Sparky is a leading electrical and appliance repair franchise that has been featured in the Franchise Times Top 200+ list.

You can either convert your existing business into a Mister Sparky franchise or buy a new one entirely; the choice is yours. Franchise owners make $3,059,901 in average gross revenue, which is quite good for the investment you put in.

Additionally, Mister Sparky offers a 30% reduction in the franchise and territory free to qualifying veterans. And charge only $5000 in franchise fees to minority-owned and women-owned businesses, making it one of the best appliance repair franchise opportunities.


3. Mr. Electric

Mr. Electric
Founded1994
Franchising SinceN/A
Estimated Outlets200+
Initial Investment$139,900 – 288,500
Franchise Fees$42,500
Liquidity$65,000
Royalty Fees4% – 7%

Founded in 1994, Mr. Electric is a global franchise organization that offers electrical installation and repair services in the U.S. and Canada. Mr. Electric is also a subsidiary brand of Neighborly.

When you own a Mr. Electric franchise, you join a significant network and receive training and support to run a successful business.

Mr. Electric is very similar to the Mr. Appliance franchise since both are subsidiaries of the Neighborly brand. So, just like Mr. Appliance franchise, Mr. Electric allows you to convert your existing business into their franchise or buy a new one.

They also offer 15% off on franchise fees to eligible veterans and multiple financing options to get you started.


4. Handyman Connection

Handyman Connection
Founded1990
Franchising Since1991
Estimated Outlets60+
Initial Investment$99,369
Franchise Fees$60,000
Liquidity$100,000
Royalty Fees5% of Gross Sales

Established in 1990, Handyman Connection is a leading appliance and home repair brand.

The company has over 60+ locations today and offers franchising in the U.S. and Canada.

The initial investment of the Handyman Connection franchise is low, starting at $99,369. And for this amount, you get to take advantage of the proven business model, marketing strategy, training, and support of this successful franchise.

If you don’t mind starting a franchise that offers not just application repair but also other home improvement services, then Handyman Connection can be a good option for you.


5. TruBlue Total House Care

TruBlue Total House Care
Founded2011
Franchising Since2011
Estimated Outlets80
Initial Investment$65,650 to $91,400
Franchise Fees$44,900
Liquidity$50,000
Royalty Fees2%

Founded in 2011, TruBlue offers cost-effective and home-based franchise opportunities to those who are interested in owning an appliance and home repair franchise.

TruBlue has tie-ups with third parties so that you can obtain the necessary financing to help start this business.

This is one of the most affordable franchises that has a lot of profit and growth potential. For more details on how to get started, you can visit their website.


Comparison of Top 5 Appliance Repair Franchise Opportunities

CompanyMr. ApplianceMister SparkyMr. ElectricHandyman ConnectionTruBlue Total House Care
Founded1996N/A199419902011
Outlets 300+2006200+60+80
Franchise Fee $53,125$33,000$42,500$60,000$44,900
Initial Investment $94,875 – 177,345$118,954 – $213,738$139,900 – 288,500$99,369$65,650 to $91,400
Royalty Fee5% – 7%6% or $1,500 per month4% – 7%5% of Gross Sales2%

Things You Need To Know Before Investing In An Appliance Repair Franchise

Before you put your hard earned money in an Appliance repair franchise, here are some things that you should know about:

Investment

Although appliance repair franchises cost less, you must atleast have $100,000 for just the initial investment if you want to own this business. And if you do not have this much capital, then look for a franchisor that offers financing help.

Training & Support

If you do not have any experience in the appliance repair business, then choose an option that offers the necessary training and support to you.

Since most of the franchisors offer training and ongoing support, this shouldn’t be a big problem.

Constant Demand

Appliance Repair is an industry that sees constant demand.

So first of all, make sure that you choose a reputed brand. Also, be ready to be on your toes all the time because this franchise will require you to be working a lot. 


When Should You Choose an Appliance Repair Franchise?

Your decision to invest in an Appliance franchise could be due to many reasons, but here are some questions that you must ask yourself:

Can you work with a team?

When you buy a franchise, you will have to form a small team to cater to all your clients. For this, you will have to work in a team and be able to manage them properly. So make sure you ace your management skills before you get into this business.

Can you deal with unpleasant clients?

Not all of your customers are going to be pleasant to work with. Some of them may find faults in your work in spite of doing your best. And this is not a part of just this but any other kind of business. So make sure you know how to deal with unpleasant situations and people.

Do you mind sharing your profits?

When you buy a franchise, you have to share a part of the profits you earn in the form of royalty. The royalty can range from 2% to 10% of the gross sales. So make sure you are comfortable with sharing your profits if you want to buy any franchise business. 


Wrap Up

The appliance repair industry is a recession-proof business since all homeowners require an expert to fix their appliances at some point.

There are, however, not many companies that offer franchising in this industry. We have already listed the 5 best appliance repair franchise opportunities in this guide, and we hope you find a suitable option for yourself.


FAQ’s

Is Appliance Repair Franchise Profitable?

Yes, the appliance repair industry is recession-proof and quite profitable because of the constant demand for this business. Hence, buying an appliance repair franchise with a good reputation can be quite profitable for you.

Which Is The Cheaptest Appliance Repair Franchise?

TruBlue Total House Care is the cheapest appliance repair franchise to own, with initial investment starting at just $65,650.

What Is The Profit Margin In Appliance Repair Industry?

The average profit margin in the appliance repair industry is between 15% and 25%.

How Much Does A Appliance Repair Franchise Cost?

The cost of an appliance repair franchise can vary depending on the company you choose. However, based on the options offered in this guide, an appliance repair franchise could cost you between $65,650 and 288,500.

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