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

KEY FRANCHISE STATS

All you need to know about this franchise in a snapshot

Franchisees

?

189
+
11%
11%
Investment required

?

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

?

$895,000
Undisclosed
Pro
+
n.a.
+
xx%
-xx%
n.a.
Initial franchise fee

?

$42,500
Royalty fees

?

6.00%
+
2% + Up to 3%
Operating Profit

?

n.a.

Pro
Franchisees

?

189
+
11%
11%
Investment required

?

$152,000 - $315,000
Franchise fee

?

$42,500
Royalty fees

?

6.00%
+
2% + Up to 3%
Revenue (AUV)

?

$895,000
Undisclosed
Pro
+
n.a.
+
xx%
-xx%
n.a.
Operating Profit

?

n.a.

Pro

Mr. Electric: Shaping the Future of Electrical Services

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 + $425 per 1,000 additional population over minimum
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 Mo. $50,000 – $100,000
Totals $152,000 – $314,500 + any additional franchise fee + any real estate costs

Franchise Disclosure Document

Interested in
Mr. Electric
?

Signup and download one FDD for free

Thank you! Your submission has been received!
Oops! Something went wrong while submitting the form.
We just sent you a 6-digit code.
Check your inbox and paste the code below.
Already have an account? Login here
Thank you! Your submission has been received!
Oops! Something went wrong while submitting the form.
Thank you for signing up
Complete your upgrade now
Signup successful!
Download the FDD
Complete your upgrade

Competitors

Franchise
Franchisees
Growth
Initial fee
Investment
Revenue
Gross Profit
Operating Profit
Industry

189

+
11%
11%
No growth
New

$42,500

$152,000

-

$315,000

n.a.

$895,000

Pro

n.a.

Pro

n.a.

Pro

Home Services

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.
  4. Ongoing Support and Development
    Mr. Electric provides continuous support through periodic site visits, regional training events, and an annual franchise conference called “Reunion.” Franchisees also have unlimited phone support for help with marketing, operations, management, and financial issues. This ongoing support helps them stay competitive and efficient.
  5. Additional Training Opportunities
    The franchisor may require attendance at refresher or advanced training to address system updates or specific performance goals. These sessions help franchisees maintain high standards and adapt to evolving business needs.

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. However, the franchisor also reserves the right to develop and operate other businesses, including those under different trademarks, even within the franchisee's designated territory.

Number of units

2024
Franchised units

170

180

189

Company-owned units

0

0

0

Total units

170

180

189

Competitors

Garage Force

Investment required
$128,000
-
$196,000
Franchisees
184
+
38%
38%

Garage Kings

Investment required
$189,000
-
$238,000
Franchisees
27
+
35%
35%

USA Insulation

Investment required
$266,000
-
$410,000
Franchisees
100
+
69%
69%

Two Men and A Truck

Investment required
$107,000
-
$539,000
Franchisees
313
+
10%
10%

Access the most comprehensive franchise database

For franchisees

Find the best franchises to invest into

For franchisors

Compare your brand to competitors

Get unlimited access to:
2,145 franchises data
Number of locations
Franchise fees
Total investment

?

Download unlimited FDDs
Revenue (AUV)

?

Revenue growth (last 3 years)

?

Profit metrics

?

Upgrade to Pro

Access the most comprehensive franchise database

For franchisees

Find the best franchises to invest into

For franchisors

Compare your brand to competitors

Upgrade to Pro
$180 / year
Total investment

?

Revenue (AUV)

?

Revenue growth (last 3 years)

?

Profit margin

?

Franchise Disclosure Documents
Advanced filtering and sorting
Watchlist

?

Priority support

?

Upgrade to Pro
Signup successful!
Complete your upgrade

A comprehensive and transparent look at franchising finances. The inclusion of profit margins and disclosure documents offers insights you can’t find elsewhere. Essential for anyone considering a franchise investment.

Darren M.

Franchisee

Been waiting for years for this. All the most important franchises and their latest Franchise Documents to download. The team also updates the franchises very quickly.

Emily V.

Franchisee