How much revenue does a MR. ELECTRIC franchise make?

MR. ELECTRIC does disclose financial performance data (Item 19) in their 2025 FDD, including average and median gross revenue figures. Get full access to see the exact revenue numbers and detailed financial breakdown.

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. We have historical SBA 7(a) loan data on file including approval counts, average loan amounts, and default rates. Get full access to see the complete SBA loan history.

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.

Loading FDD preview...

Unlock FDD download

Download this + 1,700 other FDDs · One-time purchase

The only franchise database you can use inside ChatGPT, Claude & Cursor. Learn more →

1,700+ FDDs structured for franchise professionals

We extract fees, Item 19 financials, franchisee contacts, SBA default rates, litigation, and outlet data from every FDD — so you can compare brands in minutes, not months. Used by multi-unit operators, consultants, and franchise development teams.

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.

211locations

$152K–$315K

Since 1994

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

Loading preview...

Unlock FDD download

Download this + 1,700 other FDDs · One-time purchase

Franchise Costs

Franchise Fee

$42,500

Initial Investment

$152,000 – $314,925

Royalty Rate

6.00%

Brand Fund

2.00%

Fixed Monthly Fees

$426 – $526

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

$1,136,789.68

Median Gross Revenue

$845,272.52

Top Quartile Revenue

$2,390,531.87

Bottom Quartile Revenue

$452,906.87

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

Avg. Revenue: $1,136,790

Unlock financial performance data with full access to 1,700+ franchise reports

Unlock financial performance data

MR. ELECTRIC Franchise Analysis

Lightning strikes twice in the home services sector with Mr. Electric, a brand that's wired for expansion since 1994 under Neighborly. Item 19 financials light up the path to potential high-revenue operations, while a deep pool of SBA loans suggests financing isn't a shock. Can this franchise energize your portfolio, or will market currents prove too volatile?

Item 7 lays out the startup blueprint: initial investment ranges from $152,000 to $314,925, including a $42,500 franchise fee. Ongoing fees include 6% royalties, 2% brand/ad fund, plus $76 monthly for software and $350-$450 for call center support—totaling a predictable ongoing burden. Item 19 shines brightest, disclosing average gross revenues of $1,136,790 and median $845,273 across mature units, painting a picture of scalable electrical service demand for residential and commercial clients. Conversions of existing electrician businesses lower barriers compared to pure startups, appealing to trade pros eyeing brand leverage.

System vitality hums strong: 211 locations as of 2024 FDD, up 12% from 189 in 2023, with 23 projected new units signaling momentum. Litigation is minimal, terminations just 3, non-renewals 5, and 5 transfers reflect stability. SBA data bolsters confidence—118 loans averaging $183,701 with a low 5.1% default rate, far below industry averages, easing funding for qualified buyers. Prospective investors should drill into local market saturation, competitor density in electrical services, and Item 20 multi-unit performance breakdowns to gauge if Mr. Electric's current will carry their venture to profitability.

Unlock full analysis

Analysis based on the 2025 Franchise Disclosure Document. All figures should be independently verified before making investment decisions.

How MR. ELECTRIC Compares

Key Insights

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	$136K – $164K	$118K	10.0%	672
MOSQUITO AUTHORITY	$54K – $128K	$45K	10.0%	546
Culligan	$130K – $814K	$40K	2.0%	460
MOSQUITO JOE	$150K – $192K	$43K	10.0%	415
Home Services Average 136 franchises	$142K – $269K	$52K	6.9%	–

* Comparison based on latest FDD filings. Investment ranges from Item 7, fees from Item 5. Showing top 5 of 136 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

Unlock location growth data with full access to 1,700+ franchise reports

Unlock location growth data

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.

118 SBA loans on record

Unlock SBA loan history with full access to 1,700+ franchise reports

Unlock SBA loan history

Franchisee Contacts

304 franchisee contacts on file from official FDD filings.

304 Contacts Available

Unlock all MR. ELECTRIC franchisee contacts with verified contact information

Unlock contacts

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

Unlock due diligence reports with full access to 1,700+ franchise reports

Unlock due diligence reports

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.