Mr. Electric
Home Services · Electrical
Description
What is Mr. Electric?
Residential and commercial electrical services including repairs, upgrades, EV chargers, and smart home tech
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.
- 30 years proven franchise experience
- Neighborly corporate umbrella support
- 189 established franchise locations
- Essential recession-resistant service model
- Upfront pricing transparency guarantee
- 24/7 emergency service capabilities
Location Analysis
Where Mr. Electric wins
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.
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Financial Analysis
The numbers behind Mr. Electric
Veteran discount available
Mr. Electric participates in a veteran discount program on the franchise fee. Ask your Franzy advisor or the brand for current eligibility and terms.
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.
Financing partners
Vetted partners, tailored to franchisees
Your Franzy advisor can connect you with these partners later in the process — competitive rates, specialized in franchise financing.
FranFund
CRF USA
Nonprofit SBA lender; provides financing for franchise acquisitions, startups, and expansion.
First Bank of the Lake
Pension Pros
The model
How Mr. Electric works
Owner stays in an executive role — sets strategy, hires a manager, and oversees crews. Typically 5–20 hr/wk after ramp; many keep their day job.
Owner runs the business as their primary job — leads the team day-to-day on the ground, 40+ hr/wk.
Sells to businesses, contractors, or property owners.
Sells directly to consumers and homeowners.
Serves both businesses and consumers.
FDD Item 7
Initial investment range
The investment range midpoint (from range reported on Item 7) is $353,713 and financing can reduce cash-at-close by 80–90%.
FDD Item 19
Average gross sales
According to Item 19 of the Franchise Disclosure Document, Mr. Electric has an average gross revenue of $514.9K. (Note: This information is based on the latest FDD in our records. Please review the Franchise Disclosure Document (FDD) and confirm this information directly with the brand. We make no claims of accuracy for the information presented.)
Over time
Franchise footprint
2026 Franchise Disclosure
FDD documents
Below are items 2, 3, 4, 7, 11 and 19 for Mr. Electric's 2026 FDD. The complete FDD is delivered to you directly by the franchisor, per the FTC Franchise Rule.
Connect to download Items 2, 3, 4, and 11 — direct from the franchisor.
Buyer FAQs
Frequently asked questions
The initial investment for a Mr. Electric franchise typically ranges between $350,000.00 and $357,425.00. This includes the franchise fee, equipment, real estate, and other startup costs. To get a detailed breakdown and better understand the financial requirements, we recommend scheduling a call with the Franzy team. We'll walk you through the specifics and answer any questions you might have. For more detailed information, refer to the financial sections of the FDD.
Disclaimer. The information provided on this page is based on the latest Franchise Disclosure Document (FDD) we have on record, which was issued in 2026. 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. Only the franchisor can confirm that the information is complete and accurate and we recommend consulting the franchisor directly for the most recent FDD and regarding any questions that you may have about the information provided.
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