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Mr. Electric

When most people think about business ownership, they rarely picture owning an electrical services company. Yet that's exactly what makes Mr. Electric such an attractive opportunity. Electricity is essential to every home and business, regardless of economic conditions. When a panel fails, an EV charger needs to be installed, a generator is required, or a customer wants to modernize their home with smart technology, those projects can't simply be postponed indefinitely. Mr. Electric gives franchise owners the opportunity to build a business around an essential service with consistent demand, while leveraging the support, systems, marketing, and buying power of Neighborly—the world's largest home services company. One of the biggest misconceptions candidates have is that they need to be electricians to own a Mr. Electric franchise. In reality, the ideal owner is a business leader, not necessarily a technician. Successful franchisees come from a variety of backgrounds, including corporate leadership, sales, military, finance, and operations. The franchise model is designed so owners focus on building a team, developing leaders, delivering an exceptional customer experience, and growing the business while licensed electricians perform the technical work. Neighborly provides comprehensive training, operational coaching, recruiting support, marketing resources, and proven systems to help owners confidently launch and scale their business. If you're looking for a business that combines recurring demand with significant growth potential, Mr. Electric deserves serious consideration. The electrical industry is being driven by long-term trends including aging electrical infrastructure, electric vehicle adoption, whole-home generators, smart home technology, increased power demands, and ongoing residential and commercial development. Combined with a nationally recognized brand, proven operating systems, and the support of Neighborly's franchise network, Mr. Electric offers entrepreneurs the opportunity to build a valuable, scalable business in an industry that isn't going away—one that has the potential to create meaningful income, equity, and long-term wealth for years to come.

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Home Services

Brand highlights

  • CEOMichael Anthony Davis
  • Headquarters
  • Year founded1994
  • Year started franchising1994
  • IndustryHome Services
  • Locations open211 (+41 last three years)

Statistics & metrics

  • Investment range$159,500 - $357,425
  • Franchise fee$60,000
  • Royalty6% of Gross Sales except for Specialty Services and “roll-in” sales. In addition, minimum license fees apply.
  • Brand fund2%
  • Required Liquid Capital$75,000
  • Required Net Worth$150,000
  • Average Gross Sales$1,412,806
  • NANA

Brand superpowers

  • Business Ownership—Not Electrical Experience
  • World-Class Training & Coaching
  • Essential Service with Year-Round Demand
  • Multiple High-Value Revenue Streams
  • Neighborly Ecosystem Advantage
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Check territory availability

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The minimum financial requirements for Mr. Electric is $150,000 Net Worth and $75,000 Liquid Capital. Do you meet these requirements?

Why are you considering a franchise?

Ideal candidate profile

  • Strong Sales Ability
  • Desire to scale / multi-unit ownership
  • Relationship Builder
  • Values Outstanding Customer Service
  • Ability to recruit and scale a team
  • Leadership Skills
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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

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 locations211
Franchise locations211
Corporate locations0
System growth over time

FAQs

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