Mr. Electric Franchise Opportunity

Mr. Electric Franchise Opportunity

Since 1994, Mr. Electric® has specialized in electrical installation and repair for both residential and business customers. Mr. Electric® independently owned and operated franchisees now serve customers from 200+ locations across the globe. As part of Neighborly® Mr. Electric® is backed by one of the most successful organizations in franchising. Franchisees may choose to open a new business or convert an existing electrical business. Financing assistance may be available to qualified buyers.

Recognized by Entrepreneur Magazine® among its “Franchise 500®,” Mr. Electric® is a nationally-recognized industry leader in electrical installation and repair, and is backed by Neighborly®, one of the world’s largest families of service-based franchises. As a Neighborly® company, Mr. Electric® franchisees benefit from a network of over 12 million+ customers and 5,000+ franchises worldwide, with 30 industry leading brands, allowing for referral and multi-brand marketing expertise in North America & Europe.

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Mr. Electric Awards from Franchise Business Review

2023 Top Veterans
2023 Recession Proof
2023 Top Franchise
2022 Most Innovative
2022 Top Veterans
2022 Rock Star
2022 Top Recession-Proof
2022 Top 200
2022 Best Culture
2021 Best Culture
2021 Recession Proof
2021 Top Veterans
2021 Top Women
2021 Top
2020 Second Career
2020 Best Culture
2020 Top Home-Based Franchise
2020 Franchise Rockstar
2020 Top Low Cost
2020 Top Veterans
2020 FBR Top
2019 FBR Top
2019 FBR Rockstar

Mr. Electric Franchise Opportunity

Business Model

Where Others See Outlets, We See Opportunity. Mr. Electric is about way more than hanging ceiling fans. Mr. Electric has the power to interconnect entire homes, making them safer, more convenient and more efficient for the whole family – and they’ve been doing so since 1994. Today, Mr. Electric is the largest full-service electrical franchise in the country.

Operating in three main service categories – Safety, Installation & Lighting – amped up owners work within a business model that includes:

SMALL FOOTPRINT
Low overhead is part of the beauty of Mr. Electric’s model. Initial office space is not required, and only needed when you deem necessary.

LIMITED RECEIVABLES
Most projects are “cash jobs” where your techs leave with payment. Rarely do you have to chase down receivables.

MARKETING-DRIVEN
Mr. Electric’s in-demand electrical services are sought out by the customer. They find you; no cold calling necessary.

PRIME TERRITORIES
Mr. Electric offers designated territories with room to grow in numerous markets all across North America.

Key Benefits

Purchasing a Mr. Electric® franchise could be your opportunity to deliver exceptional service for residential and commercial customers in need of electrical services. With a Mr. Electric® franchise, owners enjoy the independence of starting their own business, or converting their existing one, with the security of joining forces with a nationally recognized brand. 

A potential franchisee without electrical experience or licensing may qualify to open an electrical service franchise through our robust business system. Already licensed electrical contractors or technicians may be abundantly qualified to own a franchise and expand their current business.

Mr. Electric® franchisees are offered unprecedented support:

Comprehensive ongoing training and support: Our Sure Start training program helps equip our franchisees with the knowledge and support needed to run their operations most efficiently with proven technology and software, systems training and a dedicated Franchise Consultant.

National brand recognition coupled with an exclusive territory.

Call center support for customer management and setting appointments. 

Marketing: Superior marketing strategies and support that leverages the nationally recognized and respected brand name along with an extensive customer database collected from the local family of Neighborly® home service brands, to provide you with the most effective marketing strategies and tools possible. 

Web: Leading web presence, national and customizable local website, bold online social media presence, national search engine optimization (SEO) strategy, and online reputation management support.

IT: Software training and IT support

Nationwide networking support: Over 200+ fellow franchisees to consult with, plus the opportunity to gather at Regional and National Conferences. 

Vendor Discounts: Cut your expenses with ProTradeNet, a program offering preferred discounts through membership and potential annual rebates.

Marketing Support

Marketing: Superior marketing strategies and support that leverages the nationally recognized and respected brand name along with an extensive customer database collected from the local family of Neighborly® home service brands, to provide you with the most effective marketing strategies and tools possible. Web: Leading web presence, national and customizable local website, bold online social media presence, national search engine optimization (SEO) strategy, and online reputation management support.

Training Programs

Comprehensive ongoing training and support: Our Sure Start training program helps equip our franchisees with the knowledge and support needed to run their operations most efficiently with proven technology and software, systems training and a dedicated Franchise Consultant.

Mr. Electric Videos

Hear what makes Mr. Electric an innovative & in demand franchise opportunity

Mr. Electric® President Joel Worthington

More About Mr. Electric

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eBook: Buying a Franchise – an Inside Look

Buying a franchise is a big investment of both time and money! Every franchise opportunity is different, and it's critical to choose the one that can best meet your unique needs and goals. In this eBook, we share insights from a number of franchise owners across various industry segments, addressing the common questions and concerns among potential franchise buyers plus the many benefits and rewards that come from franchise ownership.

Articles & Insights Aug 4

Mr. Electric Cost & Fees

Here’s what you can expect to spend to start the business and what ongoing fees the franchisor charges throughout the life of the business.

  • Initial Investment

    The total estimated cost for establishing the business (including: franchise fee, fixed assets, inventory, deposits, other fees and costs, and the working capital required for initial start-up).

    $139,900 - $288,500
  • Net Worth Requirement

    Net worth is the value of all assets, minus the total of all liabilities (what is owned minus what is owed). 

    $100,000
  • Cash Requirement

    Your liquid capital, or the cash you need on-hand in order to be able to enter into the franchise agreement.

    $50,000

Mr. Electric is a franchise that provides residential and commercial customers with electrical installation and repair services. The franchise has more than 150 locations in the United States and is a subsidiary of Neighborly Brand Franchises. 

Request Information
  • Min. Cash Required: $50,000
  • Net Worth Required: $100,000
  • Total Startup Investment: $139,900 - $288,500
  • Franchising Since: 1994
  • Franchise Units: 230

Available Markets

USA United States:

AK, AL, AR, AZ, CA, CO, CT, DC, DE, FL, GA, IA, ID, IL, IN, KS, KY, LA, MA, MD, ME, MI, MN, MO, MS, MT, NC, ND, NE, NH, NJ, NM, NV, NY, OH, OK, OR, PA, RI, SC, SD, TN, TX, UT, VA, VT, WA, WI, WV, WY

CA Canada:

AB, BC, MB, NB, NL, NS, NT, NU, ON, PE, SK, YT

REQUEST MORE INFORMATION

Would you like to learn to use your IRA/401K to buy a business. Guidant Financial (min. $50K needed in IRA/401K, US only.)