Mr. Electric Franchise
To buy a franchise with Mr. Electric, you'll need to have at least $50000 in liquid capital. Mr. Electric charges a franchise fee of $35000.
Franchisor Details
Total Units: 178
Year Founded: 1994
Franchising Since: 1994
Home Office: Waco, TX
Training: Available
Locations Available: See Below*
Franchise Costs
Liquid Capital Required: $50,000
Net Worth Required: N/A
Total Investment: $83,400 – $184,750
Franchise Fee: $35,000
Royalty Type:
Vetern Discount: 15% Off Initial Franchise Fee
*Mr. Electric is currently accepting inquiries from the following locations: Alaska, Arkansas, California, Canada, Colorado, Connecticut, Delaware, District Of Columbia, Florida, Georgia, Idaho, Illinois, Indiana, Iowa, Kansas, Kentucky, Louisiana, Maine, Maryland, Massachusetts, Michigan, Minnesota, Mississippi, Missouri, Montana, Nebraska, Nevada, New Hampshire, New Jersey, New York, North Carolina, North Dakota, Oklahoma, Oregon, Pennsylvania, Rhode Island, South Carolina, South Dakota, Tennessee, Texas, Utah, Vermont, Virginia, Washington, West Virginia, Wisconsin, Wyoming
Values & History
Established in 1994, Mr. Electric is a global franchise organization providing electrical installation and repair services. Recognized by Entrepreneur magazine among its "Franchise 500," Mr. Electric franchisees provide these services to both residential and commercial customers at almost 200 locations worldwide. Mr. Electric is a subsidiary of the Neighborly family of service franchises.
Industry Performance
Why Choose Us?
Mr. Electric specializes in electric installation and repair services with over 200 locations across the globe. The primary focus of the Mr. Electric team is on helping our franchisees meet and exceed their financial, professional and personal goals. As part of Neighborly, our expertise lies in providing the right tools, support and environment to turn those goals and dreams into a reality. We see it happen every day. Why shouldn't it happen to you?With franchising, you get the independence of starting your own business with the security of joining forces with a nationally recognized brand. The combination of your energy and ambition with the experience and expertise of a larger company is explosive in its potential for success.
The possibility of taking on business ownership is exciting. It's a big decision, but one that can result in a lifetime of financial, professional, and personal rewards. The electrical business is a $155 billion industry with a 5.3% annual growth rate in the last 5 years. It's a solid, necessity-based business with steady consumer demand.
Training & Support
- Setting up office systems and day-to-day operations
- Technology training, including operation of our proprietary software systems
- Education in the Mr. Electric electrical business systems, culture, and team development
- Tested marketing systems, local marketing consulting and access to marketing collateral
- Finance management and investments
- Ongoing training and development
Ideal Candidate & Qualifications
We are looking for business owners or individuals with an entrepreneurial spirit and a dedication to working hard every day.
Purchasing a Mr. Electric Franchise
There is an initial franchise fee of $35,000 and a total investment range of $83,400 - $184,750.
When you join us as a Mr. Electric franchisee, you'll have access to a wealth of resources on running your electrical business. We are dedicated to providing you with a host of support services to help your business thrive.
Mr. Electric is a FranNet Verified Brand
FranNet Verified Brands are reviewed by FranNet to ensure legitimacy and industry required documentation.
Mr. Electric is a FranNet Verified Brand
FranNet Verified Brands are reviewed by FranNet to ensure legitimacy and industry required documentation.