Mr. Electric - Franchise


Quick Summary

Mr. Electric, a Neighborly company, is the nation's leading residential and commercial electrical services franchise. With us, business ownership is shockingly simple!

Mr. Electric
Business Cost, Fees & Facts for 2024

Minimum Cash Required $65,000
Total Investment $152,000 - $314,500
Franchise Fee $42,500
Financing Assistance 3rd Party
Year Founded 1994
# of Existing Units 195
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
  • AL
  • AR
  • CA
  • CO
  • CT
  • DC
  • DE
  • FL
  • HI
  • IA
  • ID
  • IL
  • IN
  • KS
  • KY
  • LA
  • MA
  • MD
  • ME
  • MI
  • MN
  • MO
  • MS
  • MT
  • NC
  • ND
  • NE
  • NH
  • NJ
  • NM
  • NV
  • NY
  • OK
  • OR
  • PA
  • RI
  • SC
  • SD
  • TN
  • TX
  • UT
  • VA
  • VT
  • WA
  • WI
  • WV
  • WY
  • Overview
  • Military & Veteran
  • Testimonials
  • Video
  • Press Releases

Overview

Mr. Electric - Franchise

Since 1994, Mr. Electric® has provided a variety of residential and commercial electrical services as a nationally recognized industry leader. Mr. Electric franchise owners serve customers in more than 195 locations across North America. Whether converting an existing electrical services business or starting a new one, franchise owners looking to be their own boss have the support and resources to pursue their dream of business ownership in a growing industry.

Mr. Electric is proud to be a part of Neighborly®, the world’s largest home services franchise with 19 brands and more than 5,000 locations focused on repairing, maintaining, and enhancing properties. Utilizing decades of experience and scale through the Neighborly Hub, this multi-brand portfolio provides our franchise owners with distinct advantages like improved networking opportunities and customer referrals between brands in the same local market, ultimately creating value for franchise owners and customers alike.

The Neighborly Done Right Promise™ is a core component of putting customer service first by taking the stress out of home maintenance, having pride in the work that gets done, and promising to make things right. Additionally, the culture across the entire family of brands is embodied by the Neighborly Code of Values, which emphasizes the importance of fostering a set of ideals that guide the organization. These elements, while small to some, set Neighborly and Mr. Electric franchise owners apart from the competition.

Why Franchise With Mr. Electric?

No Industry Experience Required: By utilizing an executive ownership model where you make the decisions and manage your own business, you won’t need to screw in a lightbulb to be successful, especially after hiring an expert staff.

Recession-Resilient Model: Our full-service offering balances the demands of safety, convenience, and efficiency. From installing electric car charging ports to making smart homes even smarter, there is an ever-growing list of essential services that homeowners can’t ignore.

Prime Territories: With available territories in some of the fastest-growing markets, there’s ample space and demand to establish your franchise. Better yet, thanks to designated territories, you’ll be able to collaborate and share best practices with other Mr. Electric locations instead of compete for the same customers.

ProTradeNet® Buying Power: Exclusively available to Neighborly brand franchise owners, you’ll have access to discounts and rebates from over 250 preferred vendors, such as Lowe's and The Home Depot. In 2023, Neighborly brand franchise owners who joined PTN collectively received over $8.7 million in rebates and $98 million in up-front savings.

Award-Winning Recognition: With more than 30 years of success, Mr. Electric has been recognized by leading organizations within the franchising space, such as Entrepreneur Franchise 500®, Franchise Business Review Top 200, and Franchise Times Top 400®.

Veteran Discounts: We are proud to partner with VetFran and offer franchise fee discounts for qualified veterans. With more than 425 current Veteran owners across Neighborly brands, we’re committed to helping transitioning and current Veterans achieve their business goals.

Our Ideal Candidate

Our franchise owners come from all walks of life. Some have held positions in corporate environments and are looking for a career change, while others have worked in the industry and are looking to lead their own business. No matter their background, our franchisees have a shared passion for providing a variety of reliable and quality services in their community. Some characteristics displayed by our most successful franchisees include:

  • Entrepreneurial spirit driven to set and achieve goals
  • Desire to build genuine relationships with customers, employees, and other franchisees
  • Penchant for problem solving and critical thinking
  • Commitment to delivering consistent, high-quality service
  • Accountable to financial responsibilities and requirements
  • Consistently dependable and reliable with words and actions
  • Appetite for expanding knowledge and continuing education

Training and Support

Mr. Electric franchise owners benefit from specialized training, operations, and support systems, including:

Sure Start: This training program connects you with a designated consultant that will work closely with you to provide in-depth marketing and sales training as you get started with your business.

Franchise Business Coach: You’ll be paired with a knowledgeable FBC to help answer questions, provide support, and ensure accountability as you grow your business.

National Marketing: Led by a team of experts on behalf of all franchise owners, efforts on asset development, marketing initiatives, and cross-brand promotion improve brand recognition.

Local Marketing Specialist: These knowledgeable experts set the stage for integrated plans and tactics in your market that focus on customer acquisition, retention, and reactivation.

Ongoing Training: Comprehensive education opportunities such as regional training events, national conferences, and owner collaboration ensure you have the knowledge to function at the top of your game.

Neighborly App: This free app makes it convenient for customers to find your brand, get inspiration for home projects, and book service appointments with just a few clicks.

Digital Integration: In an increasingly technology-based world, hosted landing pages, SEO and PPC guidance, and social media presence make it easier for customers to find your business.

Military & Veteran Promotions

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

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
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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
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24 Mar, 2021 - Neighborly® Helps Homeowners Prepare for Spring with Annual Maintenance Checklist
Details

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