Office Space Expenses

$0

$7,000

Employee & Freelancer Expenses

$151

$352

Website Costs

$223

$7,215

Business Formation Fees

$600

$4,700

Vehicle Expenses

$2

$10,004

Advertising & Marketing Costs

$0

$2,800

Software Expenses

$150

$2,420

Equipment & Supply Expenses

$3

$500

Specific Industry Expenses

$0

$500

Total Startup Costs

$1,129

$35,491

Repair Clinic

repairclinic.com

28,412

Mr. Appliance

mrappliance.com

181,721

Think Crucial

thinkcrucial.com

403,766

Spencer's TV & Appliance

spencerstv.com

430,183

Warners' Stellian - Kitchen Appliances and Home Appliances

warnersstellian.com

473,515

Discount Appliance Store

stlapplianceoutlet.com

491,965

Uncle Harry's Appliance Repair School

uncleharry.com

603,740

Appliance Repair Startup

appliancerepairstartup.com

725,232

Appliance Retailer

applianceretailer.com.au

771,294

Mazer Appliance

mazer.com

972,946

Fred's Appliance - Save on Kitchen & Home Appliances

fredsappliances.com

1,261,527

Flexibility

You can put as much time into the business as you'd like. If you like the work and have some initial experience, you can start small and manage all aspects of the business on your own.

Ability to start your business from home

It's not necessary to have a physical storefront or office space to get your business started. You can do everything from the comfort of your own home, at least in the beginning!

Meaningful business connections

You never know who you will meet as a appliance repair business. This could be the start of an incredible business opportunity!

High customer retention rates

Once a customer invests in your product, they've invested their time and energy to utilize your product/service which is highly valuable to them. Typically, your product or service becomes indispensable to your customer.

Unlimited income potential

With starting an appliance repair business there is no cap as to how much income you can make. The stronger your business skills and the more energy/time you put into your career, the more you'll make.

You are your own boss!

With starting an appliance repair business, you are the one to make decisions for almost all of the operations. Calling the shots can be empowering and liberating!

Motivation of employees

If you plan to have a sales/content team on board, finding creative ways to motivate them can be a challenge. It's important that you're able to offer great incentives and a good work environment for your employees.

Longer Sales Process

A appliance repair business can be a big time and money investment for your customer, so it's important you plan and predict a longer conversion funnel and stay in communication with potential customers.

Low margins

The gross margins for your appliance repair business are typically around 32%, which can make it more challenging to incur new expenses and maintain profitability.

Time commitment

With starting an appliance repair business, all responsibilities and decisions are in your hands. Although this is not necessarily a negative thing, work life can take over at times. This can place a strain on friends and family and add to the pressure of launching a new business.

Difficult to build trust with your customer

With starting an appliance repair business, there can be minimal face-to-face interaction, which means it can be a lot more difficult to establish trust with your customers. You'll need to go the extra mile with your customer to grab their attention and business.

Impatient customers

You may offer an engaging user experience for your customer, but customers expect a lot and may be impatient if they aren't pleased with your product or service.