Mr. Electric
#438

Initial Investment

LOW: $86,100
HIGH: $184,750

Change in Units

+0.7% +1 UNITS (1 Year)
-9.1% -15 UNITS (3 Years)

Company Profile

Founded

1994

Franchising Since

1994 (23 Years)

Corporate Address

1020 N. University Parks Dr. Waco, TX 76707

CEO

Joel Worthington

About Mr. Electric

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.

Financials

Financial Requirements

Initial Investment

$86,100 - $184,750

Net-worth Requirement

$125,000

Liquid Cash Requirement

$45,000

Ongoing Fees

Initial Franchise Fee

$35,000 - $35,000

Ongoing Royalty Fee

5-7%

Ad Royalty Fee

2%

Financing Options

Mr. Electric offers in-house financing to cover the following: franchise fee

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 franchisee fee

Units (Locations)

Where Seeking Franchisees:
Franchisor is seeking new franchise units throughout the U.S. and in the following regions/states: See List

Operations & Franchisor Support

Training Onsite: ongoing

Training at headquarters: 1 week

Additional Training: Regional meetings twice a year; webinars

Ongoing Support
Purchasing Co-ops
Newsletter
Meetings
Toll-Free Line
Grand Opening
Internet

Marketing Support
Co-op Advertising
National Media
Regional Media

Number of employees required to run: 2 - 3

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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: July 5th, 2017

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