Mr. Electric

a Neighborly company

Mr. Electric, a Neighborly company, is a nationally-recognized industry leader in electrical installation and repair franchising, making us a well-known and trusted brand.

Category: Maintenance & Repair

Concept Description

Mr. Electric is a national electrical franchise with over 200 franchisees. Our primary focus is on helping our franchisees meet and exceed their financial, professional and personal goals. As part of the Neighborly community of home service brands, our expertise lies in providing exactly the right tools, support and environment to turn those goals and dreams into a reality.

The electrical business is a $155 billion industry with a 5.3% annual growth rate in the last 5 years (Ibisworld.com). It’s a solid, necessity-based business with steady consumer demand.

Since 1994, Mr. Electric has been 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! Now is a time to explore opportunities with the Mr. Electric franchise.

Powerful Factors To Consider

NO INDUSTRY EXPERIENCE NEEDED
Franchise owners don’t need to be electricians, they just need to hire one.

RECESSION-RESISTANT
Do you know anyone who doesn’t use electricity? Neither do we.

NEVER A DULL MOMENT
The industry is constantly advancing, creating even more opportunities.
Powerful Factors To Consider

A Sure Start training and support program to help you through aspects of owning an electrical business.

A business model, culture, and team development programs.

RECESSION-RESISTANT The demand for electrical services remains ongoing.

Unit Option

Single

Background

FDD Franchised Units: 236

Corporate Owned Units: 0

Projected New Units: 28

Year Established: 1994

First Year Franchised: 1994

Type of Business: Franchise

Number of Employees: Small (1-5)

History:

Mr. Electric® has been providing expert electrical installation and repair services in the United States and Canada since 1994. As a trusted brand, we help our franchise owners stand out in a growing industry that continues to evolve with the rise of smart technology.

Availability

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Not Available
Available
Focus

Territories: United States

Financials

Liquidity: $100,000

*Investment Range: $159,500 - $357,425

Minimum Net Worth: $100,001 to $250,000

6 Month Cash: $75,001

Franchise Fee: $42,500

Royalty: 6%

Royalty Description: 6% of weekly Gross Sales except for Specialty Services and “roll-in” sales. In addition, minimum license fees apply. See FDD.

Advertising: Local: Not to exceed 3% of gross sales

National Advertising: 2% of Gross Sales for MR. ELECTRIC franchisees and 1.5% of Gross Sales for NEIGHBORLY ELECTRIC franchisees.

Available Discounts

  • Veterans

Discount Description: As a member of the International Franchise Association (“IFA”), we participate in the IFA’s VetFran Program. If you are a United States or Canadian honorably discharged veteran who meets our qualifications for purchasing a franchise, we will discount the Minimum Initial Franchise Fee by 15%.

Training, Support and Assistance

Co-Operative Advertising: Available

Site Selection Assistance: Available

Lease Negotiation Assistance: N/A

Length of Training: Approximately 10 days

Financing Assistance: Available

Interested in this Concept? Unlock it with the form below.

Presented By:

Maria Rogers

FranMent

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