Mr. Electric Franchise - Electrical Services

Mr. Electric Franchise Opportunities

About us

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 US?

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.

How much does Mr. Electric franchise cost?

Mr. Electric has a franchise fee of up to $42,500, with a total initial investment range of $152,000 - $314,500.

Initial Investment: $152,000 - $314,500

Ongoing Fees

Initial Franchise Fee: $42,500
Minimum Cash Required: $65,000
Financing Available: 3rd party financing options available. 20% off initial franchise fee for qualified Veterans via VetFran.
Markets Available: United States

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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.

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

"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

"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