Rank no. 406 – Mr. Electric – US
Products & Services: Electrical services
Number of Locations: 165
Total Investment: $76.4K – 174K
Began Franchising: 1994
About Mr. Electric
Established in 1994, Mr. Electric is a franchise providing electrical installation and repair servicesto both residential and commercial customers at 160 locations worldwide. Mr. Electric is a subsidiary of The Dwyer Group.
Startup Costs, Ongoing Fees and Financing
Franchise Fee: $28,000
Ongoing Royalty Fee: 5-7%
Term of Franchise Agreement: 10 years, renewable
Net Worth: $125,000
Liquid Cash Available: $40,000
Franchise can be run from home. Number of employees needed to run franchised unit: 2 – 3. Absentee ownership of franchise is NOT allowed. (100% of current franchisees are owner/operators).
|FINANCING TYPE||IN-HOUSE||THIRD PARTY|
How This Franchise Supports Franchisees
Franchise Ranking History
You can feel confident calling Mr. Electric, knowing that our highly trained Service Professionals will treat you, your family, and your property with the respect and attention to safety you deserve.
We are a locally owned and operated company, and as a result, we understand the needs of our customers. Whether it’s hanging a ceiling fan, installing a custom-designed landscape lighting system, or rewiring a commercial structure, you can call Mr. Electric. We have the power to make things better!