Mr. Electric
#420 Franchise 500| Electrical services
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Mr. Electric
Electrical services

About
Founded

1994

Franchising Since

1994 (25 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

Mr. Electric is ranked #420 in the Franchise 500!
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
+17.9%+27 UNITS (1 Year) +19.5%+29 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

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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: January 17th, 2019