Mr. Electric
Electrical services

Mr. Electric
Electrical services

About
Founded

1994

Franchising Since

1994 (24 Years)

Corporate Address

1010 N. University Parks Dr.
Waco, TX 76707

CEO

Mike Bidwell

Parent Company

Neighborly

Financial Requirements
Initial Investment

$97,600 - $234,750

Ongoing Fees
Initial Franchise Fee

$35,000 - $35,000

Ongoing Royalty Fee

4-7%

Ad Royalty Fee

2%

Financing Options

Mr. Electric has relationships with third-party sources which offer financing to cover the following: 
franchise fee, startup costs, equipment, inventory, accounts receivable, payroll

Veteran Incentives

15% off minimum franchisee fee

Support Options
Ongoing Support

Newsletter

Meetings/Conventions

Toll-Free Line

Grand Opening

Online Support

Security/Safety Procedures

Field Operations

Proprietary Software

Franchisee Intranet Platform

Marketing Support

Co-op Advertising

Ad Templates

National Media

Regional Advertising

Social media

SEO

Website development

Email marketing

Classroom Training:

58.75 hours

Additional Training:

Regional meetings twice a year; webinars

Number of Employees Required to Run:

2 - 3

Bio
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.
Cost
Initial Investment: Low - $97,600 High - $234,750
Units
+0.7%+1 UNITS (1 Year) -1.9%-3 UNITS (3 Years)

Units (Locations)

Where Seeking Franchisees:

Franchisor is seeking new franchise units worldwide.
Franchise Financing
Using 401(K)/IRA Funds
  • Tax Penalty-Free
  • Debt Free
  • Expert Guidance
Learn More

Franchise Articles

New Year, New Career: Becoming Your Own Boss in 2019

Kumon Franchisees share stories of drastic career changes-proving that it's never too late to follow your passion.

How Franchisors Can Identify Use Of Unauthorized Products Or Suppliers in Their Franchisees

https://www.franchiseindia.com/content/how-franchisors-can-identify-use-of-unauthorized-products-or-suppliers-in-their-franchisees.11734

Ways Franchise Brands can Identify The Right Crowdfunding Platform

Online collaboration is an area of exponential growth. Here's how

DIVINITI Explains How to Grow Your Franchise Roots the Right Way

If a brand does not bring anything relevant for the audience on the platform, how would it create customer base!

Introducing FRO 2018: Asia's Biggest Business Opportunity Expo!

India's premier and most trusted business & tradeshow is back in Chennai to provide a platform for highly evolved prospects & qualified investors and entrepreneurs

Disclaimer

The Franchise 500 is not intended to endorse, advertise, or recommend any particular franchise. It is solely a research tool you can use to compare franchise operations. Entrepreneur stresses that you should always conduct your own independent investigation before investing money in a franchise.
Updated: October 9th, 2018
My Queue

There are no Videos in your queue.

Click on the Add to next to any video to save to your queue.

There are no Articles in your queue.

Click on the Add to next to any article to save to your queue.

There are no Podcasts in your queue.

Click on the Add to next to any podcast episode to save to your queue.

You're not following any authors.

Click the Follow button on any author page to keep up with the latest content from your favorite authors.