

KEY FRANCHISE STATS
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$782,000
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.
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.
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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:
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.
Below are some of
Mr. Electric
key competitors in the
Other Home Services
sector.

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$42,500
$152,000
$315,000
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$782,000
$xxx,xxx
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Puddle Pool Services is a home-services franchise offering pool cleaning, maintenance, and seasonal care, serving residential and commercial pool owners, and known for branded, professional service, dependable scheduling, and subscription-style maintenance programs that simplify long-term pool ownership.
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STORSQUARE is a portable storage franchise offering on-site storage containers and relocation solutions, serving homeowners, contractors, and businesses, and known for flexible delivery, weather-resistant containers, and customer-centric scheduling that simplify moves, renovations, seasonal storage, and short-term or long-term space needs.
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WATERLOO TURF is a home-services franchise offering artificial turf design and installation, serving homeowners, pet facilities, and commercial properties, and known for premium synthetic grass systems, water-saving landscapes, and franchisee-focused support geared toward profitability, scalable growth, and strong local reputations.
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Preserve Services is a home-improvement franchise offering exterior construction, maintenance, and project management, serving residential property owners, and known for coordinating multiple trades, transparent communication, and systems that let franchisees oversee siding, roofing, decking, and painting projects.
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My Backyard Sports is a youth-sports-venue franchise offering indoor/outdoor field rentals, leagues, training and events for kids, serving families and youth-sports organizers, and known for flexible facility use, community integration and revenue diversification.
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Premier Pool Service is a pool care franchise offering cleaning, repair, and maintenance services, serving residential pool owners, and known for reliable weekly service, expert technical training, and strong support from an established pool brand.
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