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Mr. Electric
Franchise Opportunity
Mr. Electric is a top-tier electrical service franchise specializing in residential and commercial electrical repair, installation, and maintenance. As part of the Neighborly® franchise network, it provides entrepreneurs with a strong support system and a trusted brand. Franchisees benefit from a recession-resistant business model, ensuring a steady demand for electrical services. With a focus on safety, efficiency, and customer satisfaction, Mr. Electric has built a stellar reputation in the home services industry. Franchise owners receive extensive training, business coaching, and marketing assistance to help them grow successfully.
Mr. Electric was established to provide high-quality electrical services with a focus on professionalism and safety...
Mr. Electric is a trusted brand with a reputation for high-quality electrical services...
Owning a Mr. Electric franchise requires an initial investment that includes franchise fees, vehicles, tools, and marketing...
Initial Franchise Fee
$39,000 - $46,000
The franchise fee varies based on territory size and location demand.Total Initial Investment
$94,000 - $217,000
Includes franchise fee, equipment, vehicles, training, marketing, and initial working capital.Royalty Fees
5%
The royalty fee is 5% of gross revenue and supports continued brand development and franchisee support.Minimum Cash on Hand Required
$50,000
Franchisees must have sufficient liquid capital to support startup and early operations.Net Worth Required
$250,000
Franchisees need to demonstrate financial stability to qualify for ownership.Part-Time / Full-Time
Full-Time
A full-time commitment is recommended to maximize franchise success.Mr. Electric is actively expanding into key markets across the United States and internationally...
Franchisees receive industry-leading training and ongoing support to ensure business success...
Mr. Electric offers a strong earnings potential, driven by recurring service calls, large-scale projects, and long-term client relationships...
The ideal Mr. Electric franchisee is an entrepreneur with leadership skills and a commitment to customer service...
- Established brand with a national presence.
- Mobile franchise model with lower startup costs.
- Access to Neighborly® customer referral network.
- Comprehensive training and ongoing franchisee support.
- Essential services with strong market demand.
- Requires strong networking and marketing efforts to build clientele.
- Initial investment in vehicles, tools, and equipment.
- Hands-on management required for early-stage operations.
- Competition from local and independent electricians.
- Franchisees must maintain high service quality and customer satisfaction.
Mr. Electric is an excellent franchise opportunity for entrepreneurs looking to enter the home services industry...