Mr. Electric
We provide electrical services, repairs, installations, maintenance, upgrades, and remodeling for residential and commercial customers. Our work covers full electrical systems and related components such as lighting fixtures, switches, outlets, wiring, fans, smoke detectors, landscape lighting, backup generators, and other electrical equipment. We operate as a local service business, serving customers in a defined territory through on-site work at homes, businesses, outbuildings, and other properties. Our value is reliable, code-aware electrical service delivered by trained professionals for routine repairs, larger upgrades, and new installations. We also may operate under the MR. ELECTRIC® or NEIGHBORLY ELECTRIC® name, depending on the market.
Your franchise match score
Home Services
Brand highlights
- CEOMichael Anthony Davis
- Headquarters1010 North University Parks Drive, Waco, TX, 76707
- Year founded1994
- Year started franchising1994
- IndustryHome Services
- Locations open211 (+41 last three years)
Statistics & metrics
- Investment range$152,000 - $314,925
- Franchise fee$42,500
- Royalty6% of Gross Sales except for Specialty Services and “roll-in” sales. In addition, minimum license fees apply.
- Brand fund2% of Gross Sales for MR. ELECTRIC franchisees and 1.5% of Gross Sales for NEIGHBORLY ELECTRIC franchisees; except for Specialty Services and “roll-in” sales.
- Required Liquid CapitalN/A
- Required Net WorthN/A
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FDD insights
The information shown below is derived from publicly available franchise disclosure documents (FDDs), including the version issued as of the issuance date listed below, and other third-party sources. This information may not reflect the most current FDD. It is provided for general informational purposes only and is not part of any franchise offering or sales process. Franchise Sidekick is not providing or furnishing an FDD in accordance with FTC requirements. You should obtain and review the most current official FDD directly from the franchisor before making any investment decision.
FDD Version Referenced - Issuance Date: 2025-04-01
| Category | Detail | View |
|---|---|---|
| The Franchisor & Executives | Learn about Mr. Electric, its parent company, and the executive leadership team responsible for operating and supporting the franchise system. | |
| Initial Franchise Fee | Learn about the initial franchise fee required to join the Mr. Electric franchise system and what that fee covers. | |
| Other Fees | Understand the ongoing and additional fees associated with owning a Mr. Electric franchise, including royalties, marketing contributions, and other required payments. | |
| Estimated Initial Investment | Review the estimated total initial investment required to open a Mr. Electric franchise, including startup costs and working capital estimates. | |
| Territory | Understand how franchise territories are defined, whether they are exclusive, and under what circumstances they may be modified by Mr. Electric. | |
| Financial Performance Representations | Review any financial performance information Mr. Electric provides, including revenue or earnings data, if disclosed. |
Location data
| Total locations | 211 |
| Franchise locations | 211 |
| Corporate locations | 0 |
System growth over time
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