
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 and has consistently earned spots on Entrepreneur magazine's "Franchise 500" list. The brand delivers electrical repairs, installations, lighting upgrades, and energy-saving solutions, with its Advantage Plan™ rewarding loyal clients with discounted rates and priority booking.
Want to know what Mr. Electric franchise owners actually earn? See the full income analysis, break-even timeline, and owner salary breakdown at SharpSheets → Mr. Electric Franchise Owner Income.
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Below are some of
Mr. Electric
key competitors in the
Other Home Services
sector.

211
6.00%
$152,000
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$315,000
$782,000
n.a.
$xxx,xxx
n.a.
n.a.
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.

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$700,000

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$655,000

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$523,000
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