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- Founded in 1994
- Franchising Since 1994
- 189 US Franchises
- $152,000 - $314,500 Investment Range
- $1,081,176 Average Gross Revenue
- 6% Royalty Fee
- $42,500 Franchise Fee
Use the Pre-qualification tool to see how much funding you could qualify for and see if you can affor a Mr. Electric franchise.
Get pre-qualified for financingTake our Fit Score survey to see if Mr. Electric is a good match for you.
Mr. Electric has established itself as a leading electrical services franchise since 1994, delivering professional electrical solutions to both residential and commercial customers across North America. As part of the trusted Neighborly® family of home service brands, Mr. Electric has built a reputation for excellence through their commitment to superior workmanship and exceptional customer service.
The franchise stands out for its comprehensive approach to electrical services, offering everything from routine maintenance and repairs to complex installations and energy-efficient upgrades. Their certified electricians are known for their expertise in handling various electrical needs, including EV charger installations, whole-house surge protection, lighting solutions, and emergency electrical services.
What sets Mr. Electric apart is their customer-centric approach, emphasizing transparency, professionalism, and safety in every interaction. Technicians arrive in branded vehicles, wear professional uniforms, and maintain clear communication throughout the service process. The franchise has earned widespread recognition for their thorough safety inspections, upfront pricing, and commitment to using the latest technology and techniques in electrical services.
Franchise owners benefit from a proven business model that includes comprehensive training, ongoing support, and established relationships with suppliers. The brand's strong focus on both residential and commercial markets provides diverse revenue streams and growth opportunities. With the increasing demand for electrical services, particularly in emerging technologies like EV charging stations and smart home installations, Mr. Electric continues to evolve and adapt to meet changing consumer needs.
How much does it cost to start a franchise with Mr. Electric?
- Franchise Fee
- $42,500
- Investment Range
- $152,000 - $314,500
- Investment Midpoint
- $233,250
- Minimum Cash Required
- $152,000
- Royalty Fees
- 6%
- Brand Fund
- 2%
The electrical services sector benefits from strong market fundamentals driven by aging housing stock, increased home renovations, and growing demand for electrical upgrades supporting smart home technology. As essential service providers, electrical contractors typically demonstrate recession-resistant characteristics with consistent demand cycles.
With 189 units and 30 years of operation since 1994, Mr. Electric demonstrates substantial system maturity and operational stability. This extensive track record suggests refined business processes, established vendor relationships, and proven market validation. The brand operates under the Neighborly umbrella, providing additional corporate infrastructure and multi-brand synergies.
The reported gross revenue of $1,081,176 falls below the sub-sector average of $1,325,416, though this may reflect varying market conditions or operational factors requiring further investigation through FDD review. The premium investment level demands careful evaluation of territory demographics, competition density, and local market dynamics.
Ideal investors should possess strong operational management experience and sufficient working capital beyond initial investment requirements. The technical nature of electrical services requires either industry background or commitment to comprehensive training programs. Multi-unit development opportunities may exist for qualified investors in larger metropolitan markets, though territory availability and exclusivity terms require thorough due diligence review.
Understand What It Takes to Get Started!
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See the Revenue Potential!
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Financing Details
Franzy connects you with top-tier financing partners to help secure the funds to invest in a franchise like Mr. Electric. Whether you're looking for a loan or exploring other financial products, our partners provide expert guidance to ensure you obtain the necessary capital. They specialize in offering solutions tailored to the needs of franchisees, making the process of securing financing smooth and straightforward.
Why Financing with Franzy Partners?
Choosing to finance through Franzy's partners ensures you get the best terms and support for your franchise investment. Our partners have extensive experience in the franchising industry and offer specialized financial solutions tailored to your needs. With competitive interest rates and flexible repayment options, you can find the right financing plan that fits your budget and goals. Our partners are committed to providing personalized guidance throughout the financing process, making it easier for you to secure the necessary funds and confidently move forward with your franchise venture.
Finance Partners
The current geographic distribution suggests opportunities for expansion in underserved regions, particularly in the Northeast and Western states. Successful locations typically operate in metropolitan areas with strong housing markets and robust commercial development, benefiting from both residential and commercial electrical service demands. The franchise shows particular strength in states with aging infrastructure and rapid population growth, where electrical service demands are highest.
Ideal locations for new franchisees should target areas with median household incomes above $60,000, significant housing stock over 20 years old, and active commercial development. Markets with high concentrations of aging electrical systems and growing population centers present the strongest opportunities. The franchise's established presence in key southeastern markets provides a strong foundation for continued regional expansion while maintaining service quality.
Access the detailed territory map to find prime locations and see where this franchise operates. This information is vital for understanding your market potential and exclusivity rights.
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Track Growth to Gauge Success!
See how this franchise is expanding over time. The net unit growth reveals the health and popularity of the brand—key indicators for a promising investment.
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Executive Team
Get to know the leadership behind Mr. Electric. Learn about the experience and expertise of the executive team guiding Mr. Electric's success. For more details, refer to Item 2 of the Franchise Disclosure Document (FDD).
Litigation
Review any legal actions or pending litigation involving Mr. Electric. Understanding the legal history helps assess potential risks and the brand's business practices. For more details, refer to Item 3 of the Franchise Disclosure Document (FDD).
Bankruptcy
Review Mr. Electric's bankruptcy history and any filings by key personnel or affiliates. This critical information provides transparency about the brand's financial stability and management. For more details, refer to Item 4 of the Franchise Disclosure Document (FDD).
Franchisor Assistance
Learn about Mr. Electric's comprehensive support system for franchisees, including initial training programs and continuous operational assistance. Understanding the available resources and support structure is crucial for franchise success. For more details, refer to Item 11 of the Franchise Disclosure Document (FDD).
The information provided on this page is based on the latest Franchise Disclosure Document (FDD) that is publicly available and that we have on record, which was issued in 2024. This information is for informational purposes only and is not intended to constitute legal, financial, or business advice. We make no guarantees or claims regarding the completeness or accuracy. For the most current and detailed information, we recommend consulting the franchisor directly for the most recent FDD and regarding any questions that you may have about the information provided.
- Founded in 1994
- Franchising Since 1994
- 189 US Franchises
- $152,000 - $314,500 Investment Range
- $1,081,176 Average Gross Revenue
- 6% Royalty Fee
- $42,500 Franchise Fee
Use the Pre-qualification tool to see how much funding you could qualify for and see if you can affor a Mr. Electric franchise.
Get pre-qualified for financingTake our Fit Score survey to see if Mr. Electric is a good match for you.
