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.

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.

211

Locations

$152K–$315K

Investment

Since 1994

Franchising

Construction & Home ImprovementWaco, TXNeighborly Assetco LLCwww.mrelectric.comDisclaimer

Franchise Costs

Franchise Fee

$42,500

Item 5 of FDD

Initial Investment Range

$152,000 – $314,925

Low: $152,000High: $314,925

Item 7 of FDD

Royalty Rate

6.00%

of gross sales

Brand Fund

2.00%

Item 6 of FDD

Fixed Monthly Fees

$426 – $526

Item 6 of FDD

6% royalty + 2% MAP/ad fund + $76/mo software system fee + $350-$450/mo call center fee.

Financial Performance

Item 19 Financial Performance

Average Gross Revenue

Median Gross Revenue

Top Quartile Revenue

Bottom Quartile Revenue

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

Key Insights

Higher investment than 75% of Home Services franchises
Lower than average SBA loan default rate in Home Services

Franchise	Investment	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 130 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 130 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

Top States

1TX

2FL

3GA

4CA

5TN

6NC

7SC

8OH

9MO

10MI

11IN

12WA

13AL

14CO

15KY

+27 more states

SBA Loan History

Historical SBA 7(a) loan data for MR. ELECTRIC franchisees (2010 – 2025)

Total Loans

118

Average Loan

$183,701

Total Volume

$21.7M

Default Rate

5.1%

Loans by Year

SBA 7(a) loan activity over time

* Data sourced from SBA 7(a) FOIA loan records. Default rate calculated from charged-off loans.

Franchisee Contacts

304 franchisee contacts on file from official FDD filings.

Name	Address	Phone	Email	SBA Loan
John Smith ABC Franchise LLC	123 Main St Anytown, CA 90210	(555) 123-4567	john@example.com	$350,000 2023 · Active
John Smith ABC Franchise LLC	123 Main St Anytown, CA 90210	(555) 123-4567	john@example.com	$350,000 2023 · Active
John Smith ABC Franchise LLC	123 Main St Anytown, CA 90210	(555) 123-4567	john@example.com	$350,000 2023 · Active
John Smith ABC Franchise LLC	123 Main St Anytown, CA 90210	(555) 123-4567	john@example.com	$350,000 2023 · Active
John Smith ABC Franchise LLC	123 Main St Anytown, CA 90210	(555) 123-4567	john@example.com	$350,000 2023 · Active

304 Contacts Available

Unlock all MR. ELECTRIC franchisee contacts with verified contact information

Due Diligence

Litigation (Item 3)

Franchisee Cases0

No litigation involving franchisees reported

Bankruptcy (Item 4)

Bankruptcy HistoryNo

No bankruptcy history reported

System Health (Item 20)

Franchise system changes reported in the most recent fiscal year

Terminations

Non-Renewals

Reacquired

Ceased Ops

Transfers

Sold to Franchisees

Projected New

Frequently Asked Questions

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.