Ranked #1 Electrical Services franchise by 2026 Entrepreneur Franchise 500®. $1.10M average gross sales!*
Home Services, Cleaning & Maintenance
About Mr. Electric
Since 1994, Mr. Electric® has provided a variety of residential and commercial electrical services as a nationally recognized industry leader. Franchise owners in more than 220 locations experience the benefits of Mr. Electric’s proven business model, including:
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.
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.
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®.
1994 (32 years)
-
$1,136,790
Franchise Fees
$42,500
$34,000 Veteran's Fee
6.0%
Gross Sales
1.5% - 2.0%
Gross Sales
Why Mr. Electric?
Mr. Electric is proud to be a part of Neighborly®, the world’s largest home services franchisor with 19 brands and more than 5,500 locations focused on repairing, maintaining, and enhancing properties. Utilizing decades of experience and scale from this multi-brand portfolio, our franchise owners enjoy distinct advantages like:
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. In 2024, Neighborly brand franchise owners earned a collective $7.9M in rebates.
20% Veteran Discount**: 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.
Ideal Candidate
Our franchise owners come from all walks of life. Some have held positions in corporate environments and are looking for a career change, while others have worked in the industry and are looking to lead their own business. No matter their background, our franchise owners embody characteristics such as:
- Entrepreneurial spirit driven to set and achieve goals
- Desire to build genuine relationships with customers, employees, and other franchisees
- Commitment to delivering consistent, high-quality service
- Accountable to financial responsibilities and requirements
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.
$152,000 - $314,925
$65,000
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Testimonials
"I am always willing to help others by making myself and my staff available for phone calls, training, and advice—and just to bounce ideas around to help others with their issues or questions." -Kevin Domingue
"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
"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
"They already had the steps in place. They knew the process that worked." -Faith Kolo
* This is based on the annual Gross Sales of 25 Reporting Businesses with a Territory Population Ranging from 301,000 – 500,000 during the Reporting Period (1/1/24 – 12/31/24), as provided to us through our Software System. Refer to Item 19 of the 2025 Mr. Electric SPV LLC Franchise Disclosure Document (FDD) for full details.
** Refer to Item 5 of the 2025 Mr. Electric SPV LLC Franchise Disclosure Document for complete details.
