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Established in 1994, Mr. Electric is a franchise providing electrical installation and repair servicesto both residential and commercial customers at 160 locations worldwide. Mr. Electric is a subsidiary of The Dwyer Group.

Parent Company: Neighborly

Leadership: Joel Worthington, Brand President

Franchising Since: 1994 (27 years)

# of employees at HQ: 1,000

Where seeking

This company is seeking new franchisees worldwide.

This company is seeking new franchisees in the following international regions: Europe (Eastern), Europe (Western), Canada

# of Units: 176 (as of 2021)

Corporate Address: 1010 N. University Parks Dr.
Waco, TX 76707

Corporate Address: Mr. Electric

Here's what you need to know if you're interested in opening a Mr. Electric franchise.

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 Franchise Fee: $42,500

Initial Investment: $106,100 - $244,500

Veteran Incentives: 15% off minimum franchise fee

Term of Agreement: 10 years

Is franchise term renewable?: Yes

Some franchisors offer in-house financing, while others have relationships with third-party financing sources to which they refer qualified franchisees.

Third Party Financing: Mr. Electric has relationships with third-party sources which offer financing to cover the following: franchise fee, startup costs, equipment, inventory, accounts receivable, payroll

Franchisors offer initial training programs and a variety of ongoing support options to help franchisees run their businesses.

On-The-Job Training: 8-40 hours

Classroom Training: 58.75 hours

Additional Training: Regional meetings twice a year; webinars

Ongoing Support: Security & Safety Procedures

Franchisee Intranet Platform

Marketing Support: Marketing Planning & Support

Additional details about running this franchise.

Is absentee ownership allowed?: No

Can this franchise be run from home/mobile unit?: No

Can this franchise be run part time?: No

# of employees required to run: 2-3

Are exclusive territories available?: Yes

Compare where Mr. Electric landed on this year's Franchise 500 Ranking versus previous years.

Curious to know where Mr. Electric ranked on other franchise lists? Find out below.

Are you eager to see what else is out there? Browse more franchises that are similar to Mr. Electric.

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Disclaimer

The information on this page is not intended as an endorsement or recommendation of any particular franchise by Entrepreneur Media. Our franchise listings and rankings are solely research tools you can use to compare franchise operations. Entrepreneur stresses that you should always conduct your own independent investigation before investing in a franchise. That should include reviewing the franchisor's legal documents, consulting with an attorney and an accountant, and talking to former and current franchisees.

Updated: February 8th, 2021