Mr. Electric has built tested and effective systems for business success over the past 20 years. In addition to a solid foundation for success, Mr. Electric franchisees also benefit from research and expertise in new and growing areas of the electrical industry, such as solar, electrical vehicle charging, and lighting retrofit.
What Does a Mr. Electric Franchise Cost?
To buy a franchise with Mr. Electric, you'll need to have at least liquid capital of $65,000. Franchisees can expect to make a total investment of $139,900 - $288,500. Mr. Electric charges a franchise fee of $42,500. They also offer financing as well as a discount for veterans (20% Off Initial Franchise Fee). *
Financial requirements for this franchise:
What does Liquid Capital mean?
What does Franchise Fee mean?
|Total Investment:||$139,900 - $288,500
What does Total Investment mean?
|Royalty Fee:||4.0% - 7.0%
Options available to franchisees:
|Veteran Discount:||20% Off Initial Franchise Fee
Facts about this franchise:
|Home Office:||Waco, TX
Hardwired For Success
Since 1994, Mr. Electric has been providing expert electrical installation and repair services to both commercial and residential customers, making homes and businesses more efficient and enjoyable. Unlike other home services that impact just one area or element of the home, electricity touches every corner inside and out – and rapid advancement in consumer technology is creating unlimited opportunities for every savvy investor within the growing electrical industry!
(Sean Dore, Mr. Electric franchisee, Baton Rouge, LA)
The Electrical Industry Is Buzzing With Excitement
A continuous stream of electricity is crackling through every home in North America powering computers, lights, even electric vehicle chargers. Unlike other home services which may affect just one area or element of the home, electricity touches literally every corner. And rapid advancement in consumer technology is only fueling the need for quality electrical services across the country.
What Does This Mean For Aspiring Entrepreneurs Like You?
You’ve found an industry with unlimited potential, and a franchise opportunity in Mr. Electric® that stands alone in its dedication to franchise owners and their ability to make the most out of a smart investment for a smart world.
A Few Powerful Factors
- No Industry Experience Needed. You don’t need to be an electrician, you’ll just need to hire one.
- Recession-Resistant. Do you know anyone who doesn’t use electricity? Neither do we.
- Never A Dull Moment. Many industries don’t advance much… this isn’t one of them.
Amped-Up Owner Benefits
Small Footprint - Low overhead is part of the beauty of our model. Initial office space is not required, and only needed when you deem necessary.
Limited Receivables - Most projects are “cash jobs” where your techs leave with payment. Rarely do you have to chase down receivables.
Marketing-Driven - Our in-demand electrical services are sought out by the customer. They find you; no cold calling necessary.
Prime Territories - We offer designated territories with room to grow in many prime markets all across North America.
A Surge of Support Starts on Day One!
One of the best things about franchise ownership is the ability to be in business for yourself with the backing of an experienced franchisor and a network of seasoned, helpful fellow franchise owners.
A Sure Start Out of the Gate
Our Sure Start training is a 4-6 week program combining classroom-style business operations, sales, and marketing training. You won’t be conducting electricity — at least, not literally – you’ll be running a business, and we’ll ensure you know how.
Powerful Proprietary Technology
Our custom business management software simplifies your day-to-day administrative duties. It’s an all-in-one system for job estimates, tracking leads, assistance with leadership, workplace culture and more.
Building a Strong Team
Your people will make all the difference in your business. A third-party, industry-leading hiring and onboarding platform helps you find the right people to deliver quality services in your community.
Making the Phone Ring
In addition to your local marketing efforts, we keep the national marketing engine running on your behalf, with a hyper-focus on digital ads that continuously raise awareness and drive leads to your business.
What It Means To Be Neighborly
Neighborly® is the guiding force behind the world’s largest and fastest-growing family of premier home services brands. Nearly 10 million customers worldwide have been proudly served by a Neighborly brand every year.
With the largest national home services customer base in the industry, our franchise owners can cross-market to customers of the other Neighborly brands in their area.
Our more than 40 years of experience in the home services and franchise industries have empowered a growing network of like-minded entrepreneurs to achieve their dreams of business ownership and a more flexible lifestyle with our 29 industry leading franchise brands in North America & Europe. From plumbers to painters and everything in between, no one knows the Home Service Industry better than Neighborly.
What Lights Up Our Ideal Owner?
The motivation to become a business owner stems from many things, but the majority of our current owners have chosen Mr. Electric as a way to regain the time and freedom that are in short supply in the corporate world. They are former managers and sales leaders looking for a culture of cooperation, trust and respect, which they have found in abundance within both the Mr. Electric and Neighborly families.
An Electric Energy
We’ve realized those that excel within our system seem to have an undeniable energy coursing through their veins. They know the business opportunity they have chosen to align with gets more exciting with each passing day. There is no slowing the electrical industry, just as there is no stopping our franchise owners from leading the charge.
Brighten Your Future With A Smart Investment
Learn more about the opportunity to own a rewarding business in the ever-evolving electrical industry. A prime, protected territory might just be waiting for you!
Ready to Learn More?
We have more information on Mr. Electric available today for you to review.
Mr. Electric has received the following awards and acknowledgements:
Entrepreneur Franchise 500 List 2020 Rank #310, Franchise Business Review Top 200 Franchises of 2020 Award
Mr. Electric is currently accepting inquiries from the following states:
Alaska, Arkansas, California, Colorado, Connecticut, District Of Columbia, Delaware, Florida, Georgia, Iowa, Idaho, Illinois, Indiana, Kansas, Kentucky, Louisiana, Massachusetts, Maryland, Maine, Michigan, Minnesota, Missouri, Mississippi, Montana, North Carolina, North Dakota, Nebraska, New Hampshire, New Jersey, Nevada, New York, Oklahoma, Oregon, Pennsylvania, Rhode Island, South Carolina, South Dakota, Tennessee, Texas, Utah, Virginia, Vermont, Wisconsin, West Virginia, Wyoming
Interested parties should have at least $65,000 in liquid capital to invest.
Let's Get Started
We have more information on Mr. Electric available today for you to review. Is Mr. Electric for you?
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