Established
1994
Franchise Units
200
Minimum Investment
$50,000
Franchise Fee
$42,000
Total Investment Range
$278,700
Home Based
No
Description
Mr. Electric® is a leading electrical services franchise offering both residential and commercial electrical installation, repair, and maintenance. As part of the respected Neighborly® brand family, Mr. Electric provides franchisees with a trusted name, a proven system, and industry-leading support to help them build a successful electrical service business.
Background
Founded in 1994, Mr. Electric has grown to become a well-recognized name in the electrical service industry across the United States. With a customer-first philosophy, a focus on professional service, and innovation in technology, Mr. Electric delivers top-notch service while offering franchise owners a scalable, high-demand business model. Mr. Electric is a subsidiary of Neighborly®, a global home services franchise powerhouse.
Support Training
Mr. Electric provides robust support for its franchisees, including:
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Initial Training: 2 weeks of comprehensive training at headquarters covering operations, marketing, business planning, and customer service.
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On-site Training: Hands-on field training for real-world applications.
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Ongoing Support: Access to a dedicated franchise consultant, 24/7 support, and an extensive library of tools and resources.
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Marketing Support: National marketing campaigns, local advertising strategies, digital marketing tools, and customized promotional materials.
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Technology Tools: Proprietary software for CRM, scheduling, reporting, and more.
Ideal Candidate
The ideal Mr. Electric franchisee:
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Does not need to be a licensed electrician.
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Possesses strong leadership and management skills.
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Is motivated to build a team-oriented business.
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Has a passion for customer service and community engagement.
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Desires a scalable business model with long-term potential.
Financial Detail
Franchise Fee: $42,000
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Total Investment Range: $118,150 – $278,700
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Minimum Net Worth: $250,000
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Minimum Liquid Capital: $50,000
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Royalty Fee: 6% of gross sales
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Franchise Units (USA): 200+
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Established: 1994