Mr. Electric - Franchise


Quick Summary

Mr. Electric is an award-winning electric installation and repair franchise, but you don't need experience as an electrician to be an owner. Operating within a growing and recession-resilient industry that provides in-demand services, franchise owners enjoy an executive ownership model with personalized corporate support, protected territories, and an easy-to-follow system. Inquire to learn more about Mr. Electric and your path toward a flexible and fulfilling lifestyle!

Mr. Electric
Business Cost, Fees & Facts for 2024

Minimum Cash Required $65,000
Total Investment $139,900 - $288,500
Franchise Fee $42,500
Financing Assistance 3rd Party
Year Founded 1994
# of Existing Units 228
Franchising Since 1994
Training & Support Yes
Military/Veteran Promotion Yes
View More Quick Facts

Available In These States:

We are currently accepting inquiries in these states:
  • AK
  • AR
  • CA
  • CO
  • CT
  • DC
  • DE
  • FL
  • GA
  • IA
  • ID
  • IL
  • IN
  • KS
  • KY
  • LA
  • MA
  • MD
  • ME
  • MI
  • MN
  • MO
  • MS
  • MT
  • NC
  • ND
  • NE
  • NH
  • NJ
  • NV
  • NY
  • OK
  • OR
  • PA
  • RI
  • SC
  • SD
  • TN
  • TX
  • UT
  • VA
  • VT
  • WI
  • WV
  • WY
  • Overview
  • Military & Veteran
  • Testimonials
  • Video
  • Press Releases

Overview

Mr. Electric - Franchise

Starting an Electric Repair Business
A Great Conduit for Energizing your Career
For many entrepreneurs, the idea of starting an electrical business is exciting. Residential electrical services are always in demand, and there is unlimited potential for you to start and grow a company that can help provide the professional security you desire.

The industry is growing, and in-home consumer demand for electrical services is driving the need for reputable, trustworthy companies to support an array of electrical repair and installations requirements.

According to the National Bureau of Economic Research, the pandemic of 2020 has dramatically impacted the increased use of electricity in homes. As the work-from-home evolution expanded, electricity consumption did as well. The surge in usage was inevitable with extended video meeting sessions, more frequent use of heating and cooling systems, and lights, computers, and printers running all day.

This trend presents an excellent opportunity for aspiring entrepreneurs who want to own their electric business. But how do you get started? At Mr. Electric®, we have an established franchise model that can quickly get you up and running in this industry and provide the tools for you to reach your goals.

Why Mr. Electric?
Brand Loyalty and Resources to Amp Up Your Success
There are several paths to building an electrical business, but they don't all lead to the future you deserve. Consider the path that affords you a balanced lifestyle with unbeatable support: an electrical services franchise opportunity with Mr. Electric.

Since 1994, Mr. Electric has provided expert electrical installation and repair services to commercial and residential customers, making homes and businesses more efficient and enjoyable. Unlike other home services that impact just one area or element of the home, electricity touches every corner inside and out – and rapid advancement in consumer technology is creating unlimited opportunities for savvy entrepreneurs.

Franchise Owner Benefits

  • A reputation for full-service excellence
  • Comprehensive marketing and operations support
  • Integrated digitally savvy marketing
  • A nationally recognized brand in the Neighborly® franchise system
  • Low overhead, no initial office space required
  • No industry experience required
  • Schedule flexibility for a family-friendly workweek
  • Scalable business
  • Operational technologies for daily operations, plus systems for recruiting and onboarding
  • ProTradeNet® vendor buying power and rebates
  • Designated territory
  • Part of a values-based network of great people

As you can see by the accolades we consistently receive, Mr. Electric is one of the most widely recognized and highly regarded brands in the electrical repair business.

  • 200+ franchise owners in U.S. and Canada
  • Entrepreneur Franchise 500®
  • Entrepreneur Franchise 500 for Veterans
  • Franchise Times Top 200
  • Franchise Business Review Satisfaction Award
  • Global Franchise Awards Category Winner

What We Do
Franchise Support from Top to Bottom
Our franchise owners are our top priority
We understand feeling secure in your business means being prepared, so we make sure to provide you all the information, tools, and resources you need. Not only will you have a dedicated Sure Start Consultant who will guide you through the opening of your Mr. Electric franchise, once you are set up, you will have a dedicated Franchise Business Coach.

Our ultimate goal is to help you succeed
To do that, we provide you access to ongoing training and support in the following areas:

  • Setting up office systems and day-to-day operations
  • Technology training, including operation of our key software systems
  • Education in the Mr. Electric business systems, culture, and team development
  • Tested marketing systems, local marketing consulting, and access to marketing collateral
  • Finance management and equipment investments
  • Ongoing training and development

Preferred Vendor Discounts
At Mr. Electric, as part of Neighborly, we are excited to offer franchise owners the opportunity for membership in our preferred vendor discount and rebate program. ProTradeNet is an asset that greatly differentiates us from our competitors. With the power of this program, we can offer supplies and products to our franchise owners at discounted prices not available to independent business owners. In addition, we offer a rebate program, which has resulted in hundreds of thousands of annual rebates systemwide.

Regional and National Conferences
Mr. Electric and Neighborly offer regional and national conferences to allow franchisees to gather, share and learn together. There's nothing quite as valuable as franchise owners talking and sharing success stories with each other. In addition, every year, the home office provides training on best practices and highlights emerging trends and new technologies.

Why The Electric Repair and Replacement Industry?
Residential energy consumption is on the rise, and the expanding need for home electrical contracting will drive a bright future for this specialized sector of the home services industry.

A continuous stream of electricity is crackling through every home in North America, powering computers, lights, even electric vehicle chargers. Unlike other home services, which may affect just one area or element of the home, electricity touches literally every corner. And rapid advancement in consumer technology is only fueling the need for quality electrical services across the country.

Startup Advantages of Franchise Ownership
Small Footprint
Low overhead is part of the beauty of our model. Initial office space is not required and is only needed when you deem it necessary.

Limited Receivables
Most projects are "same day pay" where your technicians leave with payment. Rarely do you have to chase down receivables.

Marketing-Driven
The customer seeks out In-demand electrical services. There is no need for cold calling because customers find you.

In its 2021 mid-year report on the U.S. Electricians industry, research company, IBIS World noted that the outlook for electricians is bright.

Ideal Franchise Owner
You Have the Drive and Spark
The motivation to become a business owner stems from many things, but the majority of our current owners have chosen Mr. Electric as a way to regain the time and freedom that are in short supply in the corporate world. They are former managers and sales leaders looking for a culture of cooperation, trust, and respect, which they have found in abundance within the Mr. Electric and the Neighborly family of brands.

We've realized those who excel within our system seem to have undeniable energy coursing through their veins. They know the business opportunity they have chosen to align with gets more exciting with each passing day. There is no slowing the electrical industry, just as our franchise owners are not stopping from leading the charge.

The System
Built-In Business Support Starts from Day One
When you own a Mr. Electric franchise, you become a part of a major support network. You locally operate your business like any entrepreneur, but you receive ongoing business consultation from a franchise business coach, an established business model, and resources from our home office support team to help you succeed. The support doesn’t end at training and tools because you also receive marketing strategy and resources for your specific territory.

The Value of Neighborly
A Family of Top Franchises
Mr. Electric is proud to be a part of Neighborly, which is a community of independently owned and operated franchise businesses focused on repairing, maintaining, and enhancing properties. We began as Dwyer Group 40+ years ago, launching with a single home services brand. Today, we’re the world’s largest home services franchisor of 19 brands and nearly 5,000 franchises collectively serving 10 million+ customers across nine countries.

Though Neighborly is a large franchise system, our culture is close-knit with a family business atmosphere. We’ve successfully developed an effective franchise business model that works well for everyone involved, and one of the reasons why is because we encourage feedback from our franchise owners and invite them to participate in corporate-level decisions. We attribute our continued growth to this culture, and to teaching and upholding our company's values.

Military & Veteran Promotions

Mr. Electric offers 20% off initial franchise fee for qualified Veterans

Testimonials

Before we opened, we met several franchisees. We visited their locations to see their day-to-day operations and they received us with open arms. These guys have become family.Eric Campbell
I am always willing to help others by making myself and my staff available for phone calls, training, and advice—and just to bounce ideas around to help others with their issues or questions.Kevin Domingue
The best thing about being a Mr. Electric franchise that we have found is that everyone shares their same best practices. We're all in it together to help each other succeed.Melissa Thomas
We did exhaustive research. We go top-down and find all the brands and all the companies in a space we want to be. We try to find the industry leader, and once we got to Mr. Electric it was a pretty easy decision.Shirin Kanji
They already had the steps in place. They knew the process that worked.Faith Kolo

Press Releases & Awards

12 Jan, 2023 - 16 NEIGHBORLY® BRANDS RANKED AMONG TOP FRANCHISES IN ENTREPRENEUR’S HIGHLY COMPETITIVE FRANCHISE 500®
Details
17 Jan, 2023 - Eight Neighborly® Brands Named by Franchise Business Review as Top Franchises of 2023
Details
8 Feb, 2022 - 15 NEIGHBORLY BRANDS RANKED AMONG TOP FRANCHISES IN ENTREPRENEUR’S HIGHLY COMPETITIVE FRANCHISE 500®
Details
16 Dec, 2020 - Mr. Electric Honors Top Franchise Performers During Neighborly’s First-Ever Virtual Reunion, Neighborly United
Details
18 Dec, 2020 - Neighborly Named to Inc.'s Inaugural Best in Business List in Enduring Impact
Details
1 Feb, 2021 - Mr. Electric® Ranked a Top Franchise in Entrepreneur’s Highly Competitive 42nd Annual Franchise 500®
Details
15 Feb, 2021 - Neighborly Experiences Unprecedented Network Growth in 2020, Plans for Continued Expansion in 2021
Details
19 Feb, 2021 - Neighborly Brands Prepared to Service Homeowners in Aftermath of 2021 Winter Storms
Details
24 Mar, 2021 - Neighborly® Helps Homeowners Prepare for Spring with Annual Maintenance Checklist
Details

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