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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.
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Franchise Costs
6% royalty + 2% ad fund + $1019/mo fixed fees
Financial Performance
Item 19 Financial Performance
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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Unlock financial performance dataHow MR. ELECTRIC Compares
Key Insights
- Higher investment than 76% of Home Services franchises
- Lower than average SBA loan default rate in Home Services
| Franchise | Investment | Fee | Royalty | Locations |
|---|---|---|---|---|
MR. ELECTRIC Current | $160K – $357K | $43K | 6.0% | 236 |
| 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 137 franchises | $143K – $270K | $52K | 6.9% | – |
* 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
+28 more states
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Unlock location growth dataSBA Loan History
Historical SBA 7(a) loan data for MR. ELECTRIC franchisees (2010 – 2025)
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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Unlock SBA loan historyFranchisee Contacts
210 franchisee contacts on file from official FDD filings.
210 Contacts Available
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Unlock contactsDue Diligence
Litigation (Item 3)
One lawsuit initiated against a franchisee in the last fiscal year concerning franchisor's marketing obligations.
Bankruptcy (Item 4)
System Health (Item 20)
Franchise system changes reported in the most recent fiscal year
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Unlock due diligence reportsFrequently 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.
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