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Mr. Electric

2014 Franchise 500
#472
At a Glance

Products & Services: Electrical services

Number of Locations: 154

Total Investment: $83.9K - $189K

Founded: 1994

Began Franchising: 1994

About Mr. Electric

Established in 1994, Mr. Electric is a franchise providing electrical installation and repair servicesto both residential and commercial customers at 160 locations worldwide. Mr. Electric is a subsidiary of The Dwyer Group.

Franchise Units

Year U.S. Canadian International Company Owned
2014 123 24 7 0
2013 136 22 7 0
2012 134 26 3 0
2011 137 28 3 0
2010 155 22 2 0
Where Seeking Franchisees: Franchisor is seeking new franchise units in the U.S.,Australia/New Zealand, Canada, Western Europe.
Direct Capital

Startup Costs, Ongoing Fees and Financing

Total Investment: $83,900 - $189,000
Franchise Fee: $28,000
Ongoing Royalty Fee: 5-7%
Term of Franchise Agreement: 10 years, renewable
Veteran Incentives: 25% off franchise fee
Financial Requirements
Net Worth: $125,000
Liquid Cash Available: $40,000
Operations
Franchise can be run from home. Number of employees needed to run franchised unit: 2 - 3. Absentee ownership of franchise is NOT allowed. (100% of current franchisees are owner/operators).
Direct Capital
Financing Type In-House Third Party
Franchise Fee
Startup Costs
Equipment
Inventory
Accounts Receivable
Payroll

How This Franchise Supports Franchisees

Training: Available at headquarters: 5 days. At franchisee's location: 3 days. Regional meetings twice a year; webinars
Ongoing Support: Newsletter, Meetings, Toll-free phone line, Grand opening, Internet, Security/safety procedures, Field operations/evaluations, Purchasing cooperatives
Marketing Support: Co-op advertising, Ad slicks, National media,
Other marketing support: Social media

Franchise Ranking History

Franchise 500®: #472 (2014), #406 (2013), #396 (2012), #186 (2011), #212 (2010),
Top Home-Based: #53 (2011), #61 (2010),
America's Top Global: #148 (2011), #165 (2010),

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