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Mr. Electric - Franchise
Quick Franchise Summary
Recognized by Entrepreneur Magazine among its "Franchise 500," Mr. Electric franchisees provides electrical installation & repair services to both residential and commercial customers. We are proud to have 195 locations worldwide & to offer VetFran discounts for Veterans! Financing assistance available to qualified buyers.
Mr. Electric
Business Cost, Fees & Facts for 2022
| Minimum Cash Required | $50,000 | |
| Net Worth Required | $100,000 | |
| Total Investment | $107,900 - $244,500 | |
| Franchise Fee | $42,500 | |
| Financing Assistance | Available | |
| Year Founded | 1994 | |
| # of Existing Units | 195 | |
| Franchising Since | 1994 | |
| Training & Support | Yes | |
| Home Office Location | Waco, TX | |
| Military/Veteran Promotion | Yes |
View More Quick Facts
Available In These States:
We are currently accepting inquiries in ALL States
- Overview
- Military & Veteran
- Testimonials
- Video
- Press Releases
Overview
Mr. Electric - Franchise
Hardwired for Success
Mr. Electric specializes in electric installation and repair services with approximately 200 locations across the globe. The primary focus of the Mr. Electric team is on helping our franchisees meet and exceed their financial, professional and personal goals. As part of Neighborly our expertise lies in providing the right tools, support and environment to turn those goals and dreams into a reality. We see it happen every day. Why shouldn’t it happen to you?
You invest in us. We invest in you.
With franchising, you get the independence of starting your own business with the security of joining forces with a nationally recognized brand. The combination of your energy and ambition with the experience and expertise of a larger company is explosive in its potential for success.
What you can expect:
- Proprietary System: Our unique business model is designed for improving overall profitability and sustainability, including state of the art software to streamline operations.
- Comprehensive ongoing training and support: Our Sure Start training helps prepare you for many aspects of operations including how to manage your finances. A dedicated Franchise Consultant will coach you for your first year. Franchisees in their second year of operation and after will be assigned a Regional Service Manager to advise them when needed.
- Registered trademarks and a designated territory: We make sure you are protected.
- Marketing, marketing, and more marketing: Superior marketing strategies and support offered through a 4-Pillar Marketing System:
1. Web: Leading web presence, national and customizable website, bold online social media presence, SEO optimization, and reputation management)
2. Media: National and local media coverage and PR, consistent advertising
3. Engagement: An online software system to receive client feedback and ensure their satisfaction, a referral program to increase a word-of-mouth advertising, automated personalized in-home service reminders and marketing pieces, back marketing email drip campaigns
4. Continuous innovation: The Mr. Electric marketing team keeps ahead of trends and is always looking and learning new ways to keep the Mr. Electric brand the most recognized brand in the business. - Nationwide networking support: You’ll have over 145 fellow Mr. Electric franchisees to consult with, PLUS the opportunity to meet up at Regional and National Conferences. That’s a LOT of people to “talk shop” with.
- Vendor Discounts: Cut your expenses with ProTradeNet, a program offering preferred discounts through membership that includes annual rebates.
And there’s MORE…
- National partnerships with The Home Depot, Tesla Motors, and the Electrical Safety Foundation International
- Decades of industry experience
- A global network at your fingertips
- Electrician? Already have an electrical business? We can help you GROW it!
Mr. Electric Awards
- Entrepreneur Franchise 500 for 2020
- Franchise Business Review - The Top 200 Best Franchises of 2020
- Entrepreneur Top Franchises for Veterans for 2019
Military & Veteran Promotions
Veterans can also receive special support from our franchise organization. We offer the VetFran Incentive to qualified honorably discharged veterans. This incentive provides a 15% veteran discount on the minimum initial franchise fee. G.I. Jobs magazine has listed us among its Military Friendly Franchises ® , and the Military Times has recognized us as a Best for Vets ® franchise.
Testimonials
"The quality of their solutions and the culture at Mr. Electric fits will with our current business and our values. It also gives me more time with my family."Sean Dore
Mr. Electric Video
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Press Releases & Awards
8 Feb, 2022 - 15 NEIGHBORLY BRANDS RANKED AMONG TOP FRANCHISES IN ENTREPRENEUR’S HIGHLY COMPETITIVE FRANCHISE 500®
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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
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1 Feb, 2021 - Mr. Electric® Ranked a Top Franchise in Entrepreneur’s Highly Competitive 42nd Annual Franchise 500®
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15 Feb, 2021 - Neighborly Experiences Unprecedented Network Growth in 2020, Plans for Continued Expansion in 2021
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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
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