Mr. Electric Franchise

Mr. Electric franchisees provide residential and commercial electrical installation and repair services, operating as a field-service business rather than a retail location. According to the brand, the network includes almost 200 locations worldwide, with other industry sources citing figures as high as 253 units across North America and beyond. As part of Neighborly, the largest home-services franchise family in the world, franchise owners can tap into a shared customer base and cross-promotional opportunities with sister brands offering plumbing, HVAC, cleaning, and other home services.

The business model is built around recurring demand: electrical work is a non-discretionary service that homeowners and businesses need regardless of economic conditions. Franchisees benefit from the ProTradeNet Buying Power program, which reportedly delivered more than $7.9 million in rebates to Neighborly franchise owners in a single recent year, thanks to preferred pricing from over 250 vendors. The brand also carries Entrepreneur magazine Franchise 500 recognition, lending credibility when marketing to local customers.

Owners are not left to figure things out alone. Mr. Electric assigns dedicated franchise support staff, offers regional and national training events, and provides phone-based business coaching focused on marketing and operations rather than hands-on electrical training. Financing assistance may also be available to qualified buyers, and the system supports both new territory launches and conversions of existing electrical businesses into the Mr. Electric brand.

This opportunity tends to attract business-minded operators rather than only licensed electricians themselves, since the franchisor emphasizes management and marketing training over technical trade instruction. That said, access to qualified, licensed electrical labor--whether through the owner's own background or local hiring--is essential to running the business day to day. Veterans receive a 20% discount on the franchise fee through the VetFran program, and Neighborly reports more than 425 veteran-owned locations across its brand portfolio, reflecting a strong fit for candidates with military or operational leadership experience.

Reported initial investment figures vary by source and year, ranging from roughly $139,900 to as much as $357,000 depending on market size and territory. The franchise fee is most consistently reported at $42,500 in recent sources, with a minimum liquid capital requirement of $65,000. Ongoing royalties are charged as a percentage of gross sales, historically structured on a sliding scale between 3% and 6%, with more recent sources citing a range as wide as 4% to 7%; an additional advertising contribution of around 2% is also standard. No specific square footage requirement is published, consistent with a mobile, service-based business that typically does not require a retail storefront.

• Founded: 1994
• Parent company: Neighborly family of service brands
• Network size: approximately 200 to 253 locations, primarily across North America
• Minimum liquid capital: $65,000
• Franchise fee: $42,500 (reported; 20% discount available for qualified veterans)
• Total investment range: approximately $139,900 to $357,000, depending on source and territory
• Royalty structure: percentage of gross sales, reported between 3% and 7% depending on source, plus an advertising contribution
• Business format: fully franchised network with no evidence of company-owned locations in the sources reviewed

If you are exploring a hands-on, essential-services business with national brand support, Mr. Electric is worth a closer look. Reach out today to request detailed franchise information and find out if a territory is available in your area.