Mr. Electric

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Home Services
Other Home Services

Mr. Electric

Home Services
Other Home Services

Mr. Electric Franchise FDD, Costs & Fees (2025)

Mr. Electric provides electrical repair and installation services, ensuring safe and reliable electrical systems for homes and businesses.

Founded in 1994, Mr. Electric has grown into an internationally recognized franchise brand offering expert electrical services to both residential and commercial clients. As part of the Neighborly® group of home service brands, Mr. Electric has built a network of close to 200 locations across the globe and has consistently earned spots on Entrepreneur magazine’s prestigious “Franchise 500” list.

Mr. Electric delivers a wide array of services, from electrical repairs and installations to lighting upgrades and energy-saving solutions. Known for its professionalism, dependability, and focus on safety, the brand ensures that every franchise adheres to local trade regulations and licensing standards, guaranteeing top-quality results.

With a strong commitment to customer care, Mr. Electric offers the Advantage Plan™, a program designed to reward loyal clients with benefits such as discounted rates, priority booking, and exclusive deals. This dedication to going above and beyond has helped establish Mr. Electric as a leading name in the electrical services industry.

Initial investment

Here's what you would need to invest if you were to start this franchise. These costs are provided by the franchisor in the Franchise Disclosure Document.

Type of Expenditure Amount
Initial Franchise Fee$42,500 – $42,500 + $425 per 1,000 additional population
Vehicle$3,500 – $55,000
Equipment, Supplies & Inventory$12,000 – $20,000
Insurance$5,000 – $7,500
Advertising, Marketing and Promotional Spending$30,000 – $60,000
Training, Travel, Lodging & Food$8,000 – $16,000
Deposits, Permits & Licenses$1,000 – $2,500
Professional Fees$0 – $5,000
Real Estate$0 – $6,000
Additional Funds – 3 Months$50,000 – $100,000
Totals$152,000 – $314,925 + any additional franchise fee
Type of Expenditure Amount
Initial Franchise Fee$42,500 – $42,500 + $425 per 1,000 additional population
Vehicle$3,500 – $55,000
Equipment, Supplies & Inventory$12,000 – $20,000
Insurance$5,000 – $7,500
Advertising, Marketing and Promotional Spending$30,000 – $60,000
Training, Travel, Lodging & Food$8,000 – $16,000
Deposits, Permits & Licenses$1,000 – $2,500
Professional Fees$0 – $5,000
Real Estate$0 – $6,000
Additional Funds – 3 Months$50,000 – $100,000
Totals$152,000 – $314,925 + any additional franchise fee

Franchise Disclosure Document

Number of units

Training

​The Mr. Electric franchise provides a comprehensive training and support system for its franchisees. This structured approach ensures that new owners are well-prepared to manage and grow their businesses effectively:

  1. Sure Start Program
    Mr. Electric begins its franchisee training with the Sure Start program, which includes 4 to 6 weeks of online learning. This covers marketing strategies, sales techniques, and operational procedures essential to running the business. A dedicated consultant supports the franchisee throughout this phase with personalized guidance.
  2. Corporate Office Training
    After online training, franchisees attend a one-week intensive training session at the corporate headquarters. This in-person program focuses on applying learned concepts, using proprietary systems, and practicing essential business operations. It helps bridge theory and practice for new owners.
  3. Field Training
    Franchisees then undergo 1 to 2 weeks of field training at established Mr. Electric locations. This hands-on experience provides exposure to daily operations, customer service standards, and on-the-job best practices. It ensures franchisees are ready to manage their own locations effectively.

Territory Protection

​The Mr. Electric franchise provides its franchisees with designated territories, typically defined by a population range of 100,000 to 300,000 residents. While these territories are clearly outlined in the Franchise Agreement, they do not offer exclusive rights.

This means that the franchisor retains the right to operate or license other Mr. Electric businesses outside of the designated territory, potentially leading to competition from other franchisees or company-owned outlets.​

Franchisees are permitted to accept orders and provide services outside their assigned territories, including through online channels and telemarketing, as long as they adhere to the franchisor's policies.

KEY FRANCHISE STATS

All you need to know about this franchise

Started franchising
1994
Franchisees

?

211
+
17%
17%
Franchise fee

?

$42,500
Investment

?

$152,000 - $315,000
Revenue (AUV)

?

Undisclosed
Upgrade

$782,000

+
-12.6%
-12.6%
Operating Profit

?

Upgrade

n.a.

Home based

?

No
Upgrade
No
Passive investment

?

No
Upgrade
No
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Competitors

Below are some of

Mr. Electric

key competitors in the

Other Home Services

sector.

Franchise
Franchisees
Initial fee
Total investment
Revenue
Upgrade
Gross Profit
Upgrade
EBITDA
Upgrade

211

New
+
17%
17%

$42,500

$152,000

$315,000

n.a.

$782,000

$xxx,xxx

n.a.

xx%

n.a.

n.a.

xx%

n.a.

93

New
+
n.a.
n.a.

$59,900

$113,000

$213,000

n.a.

$590,000

$xxx,xxx

42.6%

xx%

n.a.

13.6%

xx%

n.a.

55

New
+
104%
104%

$50,000

$443,000

$853,000

n.a.

$3,776,000

$xxx,xxx

36.2%

xx%

n.a.

n.a.

xx%

n.a.

32

New
+
n.a.
n.a.

$65,000

$216,000

$409,000

n.a.

$1,446,000

$xxx,xxx

75.1%

xx%

n.a.

n.a.

xx%

n.a.

49

New
+
29%
29%

$75,000

$96,000

$229,000

n.a.

$0

$xxx,xxx

n.a.

xx%

n.a.

n.a.

xx%

n.a.

161

New
+
-1%
-1%

$19,950

$185,000

$299,000

n.a.

$287,000

$xxx,xxx

61.0%

xx%

n.a.

n.a.

xx%

n.a.

9

New
+
-18%
-18%

$49,500

$126,000

$181,000

n.a.

$0

$xxx,xxx

n.a.

xx%

n.a.

n.a.

xx%

n.a.

284

New
+
-5%
-5%

$29,500

$61,000

$92,000

n.a.

$241,000

$xxx,xxx

n.a.

xx%

n.a.

n.a.

xx%

n.a.

35

New
+
6%
6%

$25,000

$43,000

$118,000

n.a.

$510,000

$xxx,xxx

n.a.

xx%

n.a.

n.a.

xx%

n.a.

126

New
+
-2%
-2%

$45,000

$59,000

$119,000

n.a.

$3,255,000

$xxx,xxx

n.a.

xx%

n.a.

n.a.

xx%

n.a.

146

New
+
0%
0%

$46,450

$946,000

$962,000

n.a.

$4,670,000

$xxx,xxx

32.6%

xx%

n.a.

n.a.

xx%

n.a.

4

New
+
n.a.
n.a.

$35,000

$72,000

$106,000

n.a.

$555,000

$xxx,xxx

53.9%

xx%

n.a.

n.a.

xx%

n.a.

100

New
+
69%
69%

$45,000

$266,000

$410,000

n.a.

$1,139,000

$xxx,xxx

92.0%

xx%

n.a.

n.a.

xx%

n.a.

110

New
+
182%
182%

$49,500

$144,000

$205,000

n.a.

$1,170,000

$xxx,xxx

n.a.

xx%

n.a.

n.a.

xx%

n.a.

107

New
+
11%
11%

$85,000

$759,000

$1,247,000

n.a.

$230,000

$xxx,xxx

n.a.

xx%

n.a.

n.a.

xx%

n.a.

209

New
+
50%
50%

$33,000

$85,000

$277,000

n.a.

$581,000

$xxx,xxx

n.a.

xx%

n.a.

n.a.

xx%

n.a.

93

New
+
-22%
-22%

$29,500

$77,000

$260,000

n.a.

$0

$xxx,xxx

n.a.

xx%

n.a.

n.a.

xx%

n.a.

8

New
+
n.a.
n.a.

$59,500

$170,000

$179,000

n.a.

$415,000

$xxx,xxx

56.3%

xx%

n.a.

29.0%

xx%

n.a.

50

New
+
35%
35%

$60,000

$233,000

$317,000

n.a.

$1,564,000

$xxx,xxx

59.4%

xx%

n.a.

n.a.

xx%

n.a.

0

New
+
n.a.
n.a.

$42,500

$120,000

$201,000

n.a.

$435,000

$xxx,xxx

74.3%

xx%

n.a.

n.a.

xx%

n.a.

106

New
+
51%
51%

$59,500

$120,000

$139,000

n.a.

$1,081,000

$xxx,xxx

61.2%

xx%

n.a.

13.8%

xx%

n.a.

22

New
+
-29%
-29%

$12,995

$40,000

$180,000

n.a.

$446,000

$xxx,xxx

n.a.

xx%

n.a.

n.a.

xx%

n.a.

184

New
+
38%
38%

$49,500

$128,000

$196,000

n.a.

$373,000

$xxx,xxx

66.0%

xx%

n.a.

36.0%

xx%

n.a.

222

New
+
-6%
-6%

$39,900

$54,000

$70,000

n.a.

$0

$xxx,xxx

n.a.

xx%

n.a.

n.a.

xx%

n.a.

4

New
+
n.a.
n.a.

$25,000

$74,000

$101,000

n.a.

$0

$xxx,xxx

n.a.

xx%

n.a.

n.a.

xx%

n.a.

460

New
+
-10%
-10%

$39,583

$130,000

$814,000

n.a.

$0

$xxx,xxx

n.a.

xx%

n.a.

n.a.

xx%

n.a.

36

New
+
300%
300%

$59,900

$89,000

$169,000

n.a.

$159,000

$xxx,xxx

66.0%

xx%

n.a.

37.0%

xx%

n.a.

235

New
+
-5%
-5%

$42,500

$59,000

$93,000

n.a.

$97,000

$xxx,xxx

n.a.

xx%

n.a.

n.a.

xx%

n.a.

375

New
+
8%
8%

$40,000

$84,000

$207,000

n.a.

$829,000

$xxx,xxx

64.4%

xx%

n.a.

13.6%

xx%

n.a.

77

New
+
-19%
-19%

$63,000

$147,000

$172,000

n.a.

$0

$xxx,xxx

n.a.

xx%

n.a.

n.a.

xx%

n.a.

0

New
+
n.a.
n.a.

$50,000

$210,000

$309,000

n.a.

$6,220,000

$xxx,xxx

43.0%

xx%

n.a.

8.0%

xx%

n.a.

61

New
+
42%
42%

$60,000

$121,000

$183,000

n.a.

$482,000

$xxx,xxx

n.a.

xx%

n.a.

n.a.

xx%

n.a.

55

New
+
-7%
-7%

$49,500

$107,000

$407,000

n.a.

$363,000

$xxx,xxx

71.0%

xx%

n.a.

n.a.

xx%

n.a.

27

New
+
35%
35%

$60,000

$189,000

$238,000

n.a.

$663,000

$xxx,xxx

72.2%

xx%

n.a.

18.2%

xx%

n.a.

200

New
+
-1%
-1%

$45,000

$65,000

$92,000

n.a.

$272,000

$xxx,xxx

n.a.

xx%

n.a.

n.a.

xx%

n.a.

38

New
+
n.a.
n.a.

$65,000

$324,000

$545,000

n.a.

$2,088,000

$xxx,xxx

80.7%

xx%

n.a.

34.1%

xx%

n.a.

0

New
+
n.a.
n.a.

$59,500

$246,000

$368,000

n.a.

$1,065,000

$xxx,xxx

39.2%

xx%

n.a.

18.4%

xx%

n.a.

3

New
+
n.a.
n.a.

$54,900

$104,000

$177,000

n.a.

$523,000

$xxx,xxx

n.a.

xx%

n.a.

n.a.

xx%

n.a.

103

New
+
-27%
-27%

$49,500

$131,000

$160,000

n.a.

$1,220,000

$xxx,xxx

62.2%

xx%

n.a.

15.6%

xx%

n.a.

13

New
+
0%
0%

$2,000 to $15,000

$18,000

$84,000

n.a.

$0

$xxx,xxx

n.a.

xx%

n.a.

n.a.

xx%

n.a.

395

New
+
21%
21%

$49,500

$189,000

$234,000

n.a.

$428,000

$xxx,xxx

65.1%

xx%

n.a.

22.0%

xx%

n.a.

571

New
+
3%
3%

$23,000 - $63,000

$138,000

$171,000

n.a.

$0

$xxx,xxx

n.a.

xx%

n.a.

n.a.

xx%

n.a.

79

New
+
61%
61%

$50,000

$103,000

$135,000

n.a.

$703,000

$xxx,xxx

56.6%

xx%

n.a.

15.9%

xx%

n.a.

313

New
+
10%
10%

$50,000

$107,000

$539,000

n.a.

$2,314,000

$xxx,xxx

53.5%

xx%

n.a.

13.5%

xx%

n.a.

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$104,000 - $177,000
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$43,000 - $118,000
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$74,000 - $101,000
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