Mr. Electric logo
Electrical services

Investment

$152,000

Initial Franchise Fee

$42,500

Units

238

Growth Rate

+24.6%

Overview About Investment Territories Support Operations Ranking History

Overview

Industry Maintenance
Founded 1994
Franchising Since 1994
Parent Company Neighborly
Leadership Joel Worthington, Brand President
# of Employees at HQ 1100

Units and Growth Chart

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About Mr. Electric

Mr. Electric®: A Recession-Resilient Franchise & Electrical Leader

Since 1994, Mr. Electric has provided a variety of residential and commercial electrical services as an award-winning industry leader, including recognition within Entrepreneur’s Franchise 500® as #1 in category (2026) and Top Franchises For Veterans (2025).

With more than 220 locations across North America, Mr. Electric has a proven business model that emphasizes executive ownership, scalability, and recession-resiliency.

Mr. Electric is proud to be a part of Neighborly®, the world’s largest home services franchise with 19 brands and more than 5,000 locations focused on repairing, maintaining, and enhancing properties.

Why Invest in a Mr. Electric Franchise?

No Industry Experience Required: By utilizing an executive ownership model where you make the decisions and manage your own business, you won’t need to screw in a lightbulb to be successful, especially after hiring an expert staff.

Recession-Resilient Model: Our full-service offering balances the demands of safety, convenience, and efficiency. From installing electric car charging ports to making smart homes even smarter, there is an ever-growing list of essential services that homeowners can’t ignore.

ProTradeNet® Buying Power: Exclusively available to Neighborly brand franchise owners, you’ll have access to discounts and rebates from over 250 preferred vendors, such as Lowe's and The Home Depot. In 2023, Neighborly brand franchise owners who joined PTN collectively received over $8.7 million in rebates and $98 million in up-front savings.

Veteran Discounts: We are proud to partner with VetFran and offer franchise fee discounts for qualified veterans. With more than 425 current Veteran owners across Neighborly brands, we’re committed to helping transitioning and current Veterans achieve their business goals.

Best-in-Class Training & Support

  • Training Program & Business Coach: In-depth marketing and sales training as you get started, plus a consultant to answer questions and provide guidance as you grow.

  • Local & National Marketing Expertise: SEO & PPC guidance set the stage for integrated plans and tactics in your market that focus on customer acquisition, retention, and reactivation.

  • Ongoing Education & Owner Collaboration: Comprehensive opportunities such as regional training events and national conferences to ensure you have the knowledge to function at the top of your game.

  • Digital Integration: The Neighborly app makes it convenient for customers to find your brand, get inspiration for home projects, and book service appointments with just a few clicks.

Investment Details

Initial Franchise Fee $42,500
Initial Investment $152,000 - $314,925
Cash Requirement
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Royalty Fee
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Term of Agreement
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Is Franchise Term Renewable?
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Financing
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Available Territories

Franchising opportunities available in the following regions

United States

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Training & Support Programs

Comprehensive training and ongoing support to help you succeed

Training

On the Job Training
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Classroom Training
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Ongoing Support

Purchasing Co-ops
Newsletter
Meetings & Conventions
Toll-Free Line
Grand Opening
Online Support
Security & Safety Procedures
Field Operations
Proprietary Software
Franchisee Intranet Platform

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Operations & Requirements

Key operational details and requirements for running this franchise

Is absentee ownership allowed?
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Can this franchise be run from home/mobile unit?
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Can this franchise be run part time?
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# of employees required to run
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Are exclusive territories available?
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Veterans program
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Ranking History

Mr. Electric performance in the Franchise rankings over recent years

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Disclaimer
The information on this page is not intended as an endorsement or recommendation of any particular franchise or business opportunity by Entrepreneur Media. Our listings and rankings are solely research tools you can use to compare opportunities. Entrepreneur stresses that you should always conduct your own independent investigation before investing in a franchise or business opportunity. That should include reviewing the company's legal documents, consulting with an attorney and an accountant, and talking to former and current franchisees/licensees/dealers.
Updated: December 12th, 2022