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MR. ELECTRIC

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.

236locations
$160K–$357K
Since 1994
Construction & Home ImprovementWaco, TXNeighborly Assetco LLCwww.mrelectric.comDisclaimer

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Franchise Costs

Franchise Fee
$42,500
Initial Investment
$159,500 – $357,425
Royalty Rate
6.00%
Brand Fund
2.00%
Fixed Monthly Fees
$1,019 – $1,019

6% royalty + 2% ad fund + $1019/mo fixed fees

Financial Performance


Item 19 Financial Performance

Average Gross Revenue
$1,114,086.83
Median Gross Revenue
$845,211.26
Top Quartile Revenue
$2,424,211.58
Bottom Quartile Revenue
$372,614.16

Data Based On: Data from 169 franchised businesses in operation for the full 52 weeks of the Reporting Period (January 1, 2025 through December 31, 2025), excluding 40 new businesses, 17 with unreliable data, 10 combined reporting units, and 15 closed businesses.

* Calculated overall weighted average gross revenue using the '100%' aggregate average gross sales and unit counts from four population segments (87, 30, 32, and 20 units respectively, totaling 169 units): ((514,894 * 87) + (1,412,806 * 30) + (1,534,978 * 32) + (2,599,071 * 20)) / 169 = $1,114,086.83. Calculated overall weighted average median gross revenue using the '100%' aggregate median gross sales and unit counts from four population segments (87, 30, 32, and 20 units respectively, totaling 169 units): ((352,821 * 87) + (1,022,586 * 30) + (1,292,838 * 32) + (2,004,844 * 20)) / 169 = $845,211.26. Calculated weighted average revenue for the top quartile (Top 25% segments) across all population ranges (22, 8, 8, and 5 units respectively, totaling 43 units): ((1,166,470 * 22) + (3,319,839 * 8) + (3,629,112 * 8) + (4,597,430 * 5)) / 43 = $2,424,211.58. Calculated weighted average revenue for the bottom quartile (Bottom 25% segments) across all population ranges (22, 8, 8, and 5 units respectively, totaling 43 units): ((131,492 * 22) + (436,595 * 8) + (497,590 * 8) + (1,131,221 * 5)) / 43 = $372,614.16.

Extracted Item 19 Section

Avg. Revenue: $1,114,087

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How MR. ELECTRIC Compares

Key Insights

  • Higher investment than 76% of Home Services franchises
  • Lower than average SBA loan default rate in Home Services
FranchiseInvestmentFeeRoyaltyLocations
MR. ELECTRIC
Current
$160K – $357K$43K6.0%236
MERRY MAIDS$127K – $166K$55K7.0%933
HOLIDAY LIGHTING HEROES$136K – $164K$118K10.0%672
MOSQUITO AUTHORITY$54K – $128K$45K10.0%546
Culligan$130K – $814K$40K2.0%460
MOSQUITO JOE$150K – $192K$43K10.0%415
Home Services Average
137 franchises
$143K – $270K$52K6.9%

* Comparison based on latest FDD filings. Investment ranges from Item 7, fees from Item 5. Showing top 5 of 137 Home Services franchises by location count.

Locations & Growth


Outlet Growth Over Time

Total outlets at end of each year

Geographic Distribution (2025)

Outlets by state across the United States

Top States
1FL
27
2TX
24
3CA
19
4NC
15
5GA
13
6SC
12
7TN
11
8OH
9
9PA
7
10VA
7
11MO
7
12MI
6
13OK
6
14WA
5
15AL
5

+28 more states

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SBA Loan History


Historical SBA 7(a) loan data for MR. ELECTRIC franchisees (20102025)

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

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Franchisee Contacts

210 franchisee contacts on file from official FDD filings.

210 Contacts Available

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Due Diligence


Litigation (Item 3)

Franchisee Cases1

One lawsuit initiated against a franchisee in the last fiscal year concerning franchisor's marketing obligations.

Bankruptcy (Item 4)

Bankruptcy HistoryNo
No bankruptcy history reported

System Health (Item 20)

Franchise system changes reported in the most recent fiscal year

Terminations
40
Non-Renewals
5
Reacquired
1
Ceased Ops
9
Transfers
14
Sold to Franchisees
0
Projected New
28

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Frequently Asked Questions

The total initial investment to open a MR. ELECTRIC franchise ranges from $159,500 to $357,425. This includes a franchise fee of $42,500. Ongoing royalty fees are 6.0% of gross sales.