#406
At a Glance
Products & Services: Electrical services
Number of Locations: 162
Total Investment: $75.4K - 173K
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 |
| 2013 | 137 | 22 | 3 | 0 |
| 2012 | 134 | 26 | 3 | 0 |
| 2011 | 137 | 28 | 3 | 0 |
| 2010 | 155 | 22 | 2 | 0 |
| 2009 | 151 | 26 | 3 | 0 |
Where Seeking Franchisees: Franchisor is seeking new franchise units in the U.S.,Australia/New Zealand, Canada, Western Europe.
Startup Costs, Ongoing Fees and Financing
Total Investment: $75,400 - $173,000
Franchise Fee: $28,000
Ongoing Royalty Fee: 5-7%
Term of Franchise Agreement: 10 years, renewable
Franchise Fee: $28,000
Ongoing Royalty Fee: 5-7%
Term of Franchise Agreement: 10 years, renewable
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).| Financing Type | In-House | Third Party |
| Franchise Fee | ||
| Startup Costs | ||
| Equipment | ||
| Inventory | ||
| Accounts Receivable | ||
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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
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