Mr. Electric

Founded: 1994 Franchising since: 1994
Mr. Electric has been providing residential and light commercial electrical service and repair since 1994. Since franchising began in 1995, Mr. Electric has grown to more than 100 franchised units throughout the United States, Canada, New Zealand and the United Kingdom.

The company is owned by The Dwyer Group, an international franchise organization that also owns franchise companies Mr. Rooter, Mr. Appliance, Glass Doctor, Rainbow Int'l., Aire Serv and Dream Maker Bath & Kitchen Worldwide.

1020 N. University Parks Dr. Waco, Texas 76707

Phone: (800)253-9151

Franchisor is a publicly-held company with 110 employee(s); 30 employee(s) in franchise department.

Franchise Growth

Year	U.S. Franchises	Canadian Franchises	Foreign Franchises	Company Owned
2009	151	26	3	0
2008	148	16	3	0
2007	139	7	4	0
2006	134	2	3	0
2005	131	2	3	0

Where Seeking Franchisees
In the U.S. Alaska, Alabama, Arkansas, Arizona, California, Colorado, Connecticut, Delaware, Florida, Georgia, Hawaii, Iowa, Idaho, Illinois, Indiana, Kansas, Kentucky, Louisiana, Massachusetts, Maryland, Maine, Michigan, Minnesota, Missouri, Mississippi, Montana, Nebraska, North carolina, North dakota, New hampshire, New jersey, New mexico, Nevada, New york, Ohio, Oklahoma, Oregon, Pennsylvania, Rhode island, South carolina, South dakota, Tennessee, Texas, Utah, Virginia, Vermont, Washington, Wisconsin, West virginia, Wyoming
Worldwide

Exclusive territories available.
Territory size: 100,000 population

Total investment: $69.2K-162K Franchise fee: $24K+

Ongoing royalty fee: 7% Term of agreement: 10 years, renewable

Type of Financing Available

	In-House	Third Party
Franchise Fee	Yes	Yes
Startup Costs	Yes	Yes
Equipment	No	Yes
Inventory	No	Yes
Accounts Receivable	No	Yes
Payroll	No	Yes

Qualifications
Net worth requirement: $75K
Cash liquidity requirement: $25K-50K
Business Experience:

• Industry experience
• General business experience

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)

Training

• Available at headquarters: 10 days
• At franchisee's location: 2-3 days
• Regional locations : 2 days

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

Franchise 500® rank:
#217 (2009); #287 (2008); #294 (2007); #305 (2006); #285 (2005);

Top Home Based Franchises:
#52 (2009); #76 (2008); #82 (2007); #80 (2006); #77 (2005);

America's Top Global Franchises:
#167 (2009); #175 (2005);