Mr. Electric
Financial Plan
Liquid capital
The amount you need to secure the necessary loans.
Total investment
Total Investment to launch the business, including initial fees ($42,500)
The Concept
Mr. Electric is a U.S. electrical-services franchise founded in 1994 and part of the Neighborly home-services network. Its franchisees provide residential and commercial electrical repairs, installations, inspections, and replacement services. The business model includes both new franchise startups and conversions of existing electrical companies.
Frequently Asked Questions
How much does it cost to open a Mr. Electric franchise?
The estimated initial investment is $159,500–$357,425, including the franchise fee. The actual amount depends on territory size, equipment, vehicles, and other startup costs.
Do franchisees need to be licensed electricians?
The owner does not necessarily have to perform electrical work personally. However, the business must comply with local licensing requirements and employ appropriately qualified professionals.
What ongoing fees apply?
The standard royalty is 6% of gross sales. A brand fund contribution of 2% is listed in the current franchise data; other fees may apply.
Does Mr. Electric disclose average revenue?
Its FDD includes financial performance data broken down by territory population and sales group. A single average for the entire system is not provided in the figures reviewed.
What support does Mr. Electric provide?
The franchise system offers branding, training, operational guidance, marketing support, and access to the Neighborly network.
You represent Mr. Electric?
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