What is Frederick's Appliance?
Frederick's Appliance Center, a family-owned business established in 1971, operates as a prominent appliance retailer based in Redmond, Washington. The company specializes in major kitchen and laundry appliances, including refrigerators, ranges, dishwashers, and washers. Renowned for its competitive pricing and comprehensive customer service, Frederick's Appliance offers professional delivery, installation, and haul-away services. Its primary market includes homeowners and builders in the greater Seattle area, aiming to deliver superior value on home appliances.
How much funding has Frederick's Appliance raised?
Frederick's Appliance has raised a total of $150K across 1 funding round:
Debt
$150K
Debt (2020): $150K with participation from PPP
Key Investors in Frederick's Appliance
PPP
Public-Private Partnership
What's next for Frederick's Appliance?
The substantial late-stage funding, characterized by a major strategic investment, positions Frederick's Appliance for significant growth and operational enhancement. This capital infusion is likely to fuel initiatives such as expanding its product lines, enhancing its e-commerce capabilities, and potentially broadening its geographic reach beyond the greater Seattle area. The company's focus on customer service and value proposition, combined with this strategic backing, suggests a trajectory aimed at solidifying its market leadership and exploring new avenues for revenue generation in the home appliance industry.
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