Mr. Electric
#310 Franchise 500| Electrical services

Mr. Electric
Electrical services

About
Founded

1994

Franchising Since

1994 (26 Years)

Corporate Address

1010 N. University Parks Dr.
Waco, TX 76707

Leadership

Mike Bidwell, CEO

Parent Company

Neighborly

Financial Requirements
Initial Investment

$98,600 - $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 franchise fee

Support Options
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

Marketing Support

Co-op Advertising

Ad Templates

National Media

Regional Advertising

Social media

SEO

Website development

Email marketing

Loyalty program/app

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 #310 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 - $98,600 High - $234,750
Units
-5.1%-9 UNITS (1 Year) +12.7%+19 UNITS (3 Years)

Units (Locations)

Where Seeking Franchisees:

Franchisor is seeking new franchise units worldwide.

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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: August 22nd, 2019