What is Fred's Appliance?
Fred's Appliance is a prominent appliance repair service and training institution headquartered in Cleveland, Ohio. The company specializes in the comprehensive repair of a wide array of household appliances, including refrigerators, washers, dryers, and ovens. Beyond its repair services, Fred's Appliance operates as the nation's leading appliance repair training school, offering both in-person and online educational programs. Their team of seasoned technicians is dedicated to providing prompt, dependable service, backed by guaranteed repairs to ensure utmost customer satisfaction. Serving homeowners across Northeast Ohio, the company is also committed to cultivating the next cohort of skilled appliance repair professionals.
How much funding has Fred's Appliance raised?
Fred's Appliance has raised a total of $209K across 2 funding rounds:
Debt
$150K
Debt
$59K
Debt (2020): $150K with participation from PPP
Debt (2021): $59K led by PPP
Key Investors in Fred's Appliance
PPP
Public-Private Partnership
PPP
Public-Private Partnership
What's next for Fred's Appliance?
With the recent influx of substantial expansion capital, Fred's Appliance is poised for significant scaling and operational enhancement. The company's strategic focus will likely involve expanding its service territories, potentially increasing its training program capacity, and investing in advanced diagnostic tools and technician development. This late-stage funding suggests a trajectory towards market leadership, possibly exploring strategic partnerships or acquisitions to further solidify its position as a comprehensive solution for both appliance repair needs and professional training.
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