MR. ELECTRIC
Mr. Electric franchises operate businesses that sell services and repairs for electrical systems, equipment, components, and supplies, including installation, upgrades, and remodeling. They serve residential and commercial customers through a franchising model that supports both start-up operations and conversions of existing electrical businesses. The target market includes homeowners and businesses needing electrical services.
Disclaimer: This information was extracted using AI from public Franchise Disclosure Documents and should be independently verified. This is not financial or legal advice. Always review official FDD filings before making investment decisions.
Overview
Financial Requirements
6% royalty + 2% MAP/ad fund + $76/mo software system fee + $350-$450/mo call center fee.
Franchise Stats
Financial Performance
Item 19 Financial Performance
Data Based On: 152 franchised businesses open and reporting sales for the full 52 weeks of the Reporting Period (January 1, 2024 through December 31, 2024).
* All values are weighted averages across four territory population segments (74,000-300,000; 300,001-500,000; 500,001-1,000,000; 1,000,001-5,000,000) using the 'Number in This Group' for each segment as weights. The total sample size is 152 franchised units. Average Gross Revenue: (76 units * $521,544 + 25 units * $1,103,241 + 30 units * $1,713,316 + 21 units * $2,579,723) / 152 units = $1,136,789.68. Median Gross Revenue: (76 units * $342,631 + 25 units * $621,866 + 30 units * $1,276,675 + 21 units * $2,314,027) / 152 units = $845,272.52. Revenue Top Quartile: Calculated from the 'Top 25%' average gross sales for each segment: (19 units * $1,209,948 + 6 units * $2,681,111 + 8 units * $3,509,981 + 5 units * $4,736,937) / 38 units = $2,390,531.87. (Note: 38 units is 25% of 152 total units). Revenue Bottom Quartile: Calculated from the 'Bottom 25%' average gross sales for each segment: (19 units * $131,297 + 6 units * $319,446 + 8 units * $728,434 + 5 units * $1,394,334) / 38 units = $452,906.87. (Note: 38 units is 25% of 152 total units).
Extracted Item 19 Section
How MR. ELECTRIC Compares to Other Home Services Franchises
Key Insights
- Lower than average SBA loan default rate in Home Services
| Franchise | Investment Range | Franchise Fee | Royalty | Locations |
|---|---|---|---|---|
MR. ELECTRIC Current | $152K - $315K | $43K | 6.0% | 211 |
| MERRY MAIDS | $127K - $166K | $55K | 7.0% | 933 |
| HOLIDAY LIGHTING HEROES | $150K - $177K | $127K | 10.0% | 653 |
| SIGN GYPSIES | $4K - $5K | $1K | N/A | 587 |
| MOSQUITO AUTHORITY | $54K - $128K | $45K | 10.0% | 546 |
| Culligan | $130K - $814K | $40K | 2.0% | 460 |
Home Services Average 129 franchises | $144K - $289K | $53K | 7.0% | - |
* Comparison based on latest FDD filings. Investment ranges from Item 7, fees from Item 5. Showing top 5 of 129 Home Services franchises by location count.
Locations & Growth
Outlet Growth Over Time
Total outlets at end of each year
Geographic Distribution (2024)
Outlets by state across the United States
+27 more states
SBA Loan History
Historical SBA 7(a) loan data for MR. ELECTRIC franchisees (2010 - 2025)
Loans by Year
* Data sourced from SBA 7(a) FOIA loan records. Default rate calculated from charged-off loans.
Franchisee Contacts
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Due Diligence
Litigation (Item 3)
No litigation involving franchisees reported in the FDD.
Bankruptcy (Item 4)
No bankruptcy history reported in the FDD.
System Health (Item 20)
Franchise system changes reported in the most recent fiscal year
Frequently Asked Questions
How much does it cost to open a MR. ELECTRIC franchise?
The total initial investment to open a MR. ELECTRIC franchise ranges from $152,000 to $314,925. This includes a franchise fee of $42,500. Ongoing royalty fees are 6.0% of gross sales.
How much revenue does a MR. ELECTRIC franchise make?
According to the 2025 FDD, the average gross revenue for a MR. ELECTRIC franchise is $1,136,789.68. The median revenue is $845,272.52.
How many MR. ELECTRIC franchise locations are there?
As of the 2025 FDD, MR. ELECTRIC has 211 franchise locations. The company has been franchising since 1994.
Can you get an SBA loan for a MR. ELECTRIC franchise?
Yes, SBA loans are available for MR. ELECTRIC franchises. Historical data shows 118 SBA 7(a) loans have been approved for MR. ELECTRIC franchisees, with an average loan amount of $183,701. The historical default rate is 5.1%.
Is MR. ELECTRIC a good franchise to buy?
MR. ELECTRIC shows several positive indicators: established brand with 211+ locations, transparent financial performance data (Item 19), low SBA loan default rate. However, franchise success depends on many factors including location, local market conditions, and owner involvement. We recommend speaking with existing franchisees and consulting with a franchise attorney before making a decision.
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