About Mr. Electric
Liquid Capital: $50,000
Net Worth Requirement: $250,000
Franchise Fees: $42,500
Royalty: 6%
Training and Support: Yes
Home Office: Waco, TX
CEO: Joel Worthington
Investement Range $152,000 - $314,500
Mr. Electric offers an exciting franchise opportunity in the fast-growing electrical services industry. Since 1994, Mr. Electric has provided residential and commercial customers with installation, repairs, and upgrades that keep homes and businesses powered efficiently and safely. Today, with over 200 locations across North America, Mr. Electric has become one of the most recognized electrical service brands. If you want to own a recession-resistant business in a field driven by innovation and modernization—think electric vehicle chargers, smart homes, and eco-friendly lighting—Mr. Electric is a bright choice.
Why Choose Mr. Electric?
Established Leadership in Electrical Services
Mr. Electric has built a solid reputation over three decades, offering solutions that go beyond the basics. Services include everything from safety inspections and surge protection to major rewiring projects and state-of-the-art installations like EV charging stations.
Comprehensive Support and Training
Franchise owners receive robust training that combines practical and management-focused lessons. From an initial Sure Start program to ongoing webinars, one-on-one coaching, and an annual conference, Mr. Electric ensures you have the resources you need to thrive in both the electrical and business aspects of your operation.
Diverse Revenue Streams
Mr. Electric specializes in crucial, all-season electrical services—from everyday repairs and circuit breaker fixes to specialized installations such as generator setups and outdoor lighting. As consumer technology continues to advance, franchisees can tap into smart home installations, EV charging, and more, fostering multiple income channels.
Innovative Technology and Operations
As a Mr. Electric owner, you get access to proprietary software that streamlines scheduling, billing, technician dispatch, and even marketing campaigns. This all-in-one platform helps minimize administrative overhead so you can focus on delivering top-notch service to customers.
Recession-Resistant and Essential Service
Electricity is a necessity in every home and business—outages or wiring problems can’t be postponed. Whether it’s routine maintenance or urgent emergency calls, Mr. Electric addresses vital customer needs that persist in any economic climate.
Ideal Franchisee Profile
- Entrepreneurial Mindset: Keen on building a scalable business in a high-demand, technology-driven industry.
- Customer-Focused: Dedicated to consistently delivering quality service that builds long-term relationships.
- Strong Leadership Skills: Comfortable managing technicians, scheduling, and day-to-day operations.
- Community-Oriented: Eager to become the go-to electrical solutions provider in your local market.
- Adaptable and Forward-Thinking: Embraces new trends like smart home upgrades, energy-efficient solutions, and emerging technologies.
Frequently Asked Questions
What kind of training and support can I expect?
Mr. Electric provides comprehensive initial training, covering everything from technical basics and business operations to marketing strategies. After launch, you’ll benefit from ongoing support, including monthly webinars, field visits, and centralized marketing initiatives.
Do I need an electrical background to open a Mr. Electric franchise?
No. While having an interest in the field is helpful, many owners come from other backgrounds. You can hire licensed electricians for the technical work while focusing on overall business management and development. Mr. Electric’s training and support fill in any gaps.
How are territories defined for a Mr. Electric franchise?
Territories generally factor in population density, local competition, and market potential. Each franchise owner receives an exclusive area designed to sustain growth and ensure minimal overlap with neighboring locations.
What types of ongoing fees should I expect?
Franchisees typically pay an initial franchise fee, monthly royalties based on gross sales, and an advertising or brand development fund contribution. Details are fully outlined in the 2024 Mr. Electric Franchise Disclosure Document (FDD).
Is there a veteran discount?
Yes. If you’re an honorably discharged veteran who meets Mr. Electric’s qualifications, you receive a 20% discount on the minimum initial franchise fee of $43,750 through the VetFran program.
How do I market my new business?
Mr. Electric offers multi-tiered marketing support, including local marketing campaigns, national brand advertising, and digital strategies. You’ll also gain access to a network of preferred vendors, ProTradeNet, which offers valuable discounts and rebates to help optimize your marketing budget.
Searching for more information? Download the 2024 Mr. Electric Franchise Disclosure Document FDD below.
Ready to get started?
Chat with one of our expert consultants to discover:
- Insights from current franchise owners
- What to expect in terms of ROI
- Smart financing strategies tailored for this franchise
This web page does not constitute a franchise offering or an offer to sell a franchise. A franchise offering can be made by the franchise only in a state if first registered, excluded, exempted or otherwise qualified to offer franchises in that state, and only if provided with an appropriate franchise disclosure document.
