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FRANCHISE RESALES

Buy a Mr. Electric Franchise

Mr. Electric is an electrical services franchise established in 1994, operating under Neighborly, one of North America’s largest home services franchise platforms. Franchisees serve both residential and commercial customers, covering wiring upgrades, panel installations, lighting solutions, EV charger installation, smart home automation, generator services, and safety inspections.

The model is owner-operator led; franchisees recruit and manage licensed electricians rather than performing the work themselves. No trade experience is required. Many owners start home-based with low initial overhead, focusing on staff management, customer service, and territory growth. The Neighborly Done Right Promise® supports consistent service standards across the network.

Mr. Electric positions itself as the largest full-service electrical franchise in North America, with nearly 200 locations worldwide. As part of Neighborly’s multi-brand platform, franchisees access ProTradeNet®, a purchasing network offering national vendor discounts and rebates, along with cross-referral potential from Neighborly’s portfolio of complementary home services brands.

Latest Resales

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Why buy a Mr. Electric Franchise?

Electrical services are essential; homes and businesses require licensed professionals for panel upgrades, EV charger installations, safety inspections, and wiring work across economic cycles. Mr. Electric’s position as the largest full-service electrical franchise in North America gives buyers a recognised brand with consumer trust already established in the territory. To buy a Mr. Electric franchise through resale is to acquire an operating business with an existing workforce and customer history, rather than building from zero.

The home-based startup option keeps initial overhead low, and owners manage licensed tradespeople rather than performing the work themselves. Membership in Neighborly’s network provides access to ProTradeNet® purchasing benefits and cross-brand referral potential from Neighborly’s other home services brands, a lead source an independent operator would need to build unaided.

Mr. Electric Franchise Costs & Information

Based on 2025 data reported in the 2026 FDD

  • Brand Profile

    • Year Founded

      1994

    • Franchising Since

      1994

    • New Startup Cost

      $159,500 – $357,425

    • Avg. Resale Price

      Contact us for details

  • Franchise Fees

    • Initial franchise Fee

      $42,500

      for new territories

    • Transfer Fee

      5%

      of gross sale price or $15,000 minimum, whichever greater

    • Royalty Fee

      6%

      of Gross Revenue

    • Marketing Fee

      2%

      of Gross Sales

  • Unit Performance

    • Total Units *

      236

    • New Units Opened *

      40

    • Units Transferred *

      14

    • Avg. Unit revenue *

      $514,894

    * Based on 2025 data reported in the 2026 FDD

Mr. Electric – Additional  Information

  1. Training & Support

    Incoming franchisees complete 50.45 hours of classroom training in business operations and systems; no electrical trade training is provided, as owners recruit licensed electricians for the work. Ongoing support includes a dedicated Franchise Coach for operations coaching, marketing tools covering digital advertising, a localized website, social media, and custom marketing playbooks. Access to ProTradeNet®, Neighborly's vendor purchasing network, provides national discounts and rebates. Buyers of a Mr. Electric resale should confirm what initial transfer training and Franchise Coach access are available when ownership changes.

  2. Ideal Owner

    Mr. Electric suits business-focused operators who are comfortable managing and recruiting a team of licensed tradespeople rather than performing electrical work themselves. The role is operations and sales led; success depends on building local customer relationships, converting service calls, and growing the territory. A background in management, business, or customer service is more relevant than technical trade knowledge. The model fits hands-on operators who can maintain a staffed service team, monitor performance, and build community presence in a defined territory.

  3. Recognition & Awards

    Mr. Electric has earned recognition across major franchise ranking bodies in recent years. In 2026, the brand ranked #1 in the Electrical Services category in the Entrepreneur Franchise 500, and received a Top Franchise for Veterans recognition from Entrepreneur in 2025. Franchise Business Review's 2025–2026 lists include multiple Mr. Electric entries spanning Franchisee Satisfaction, Top Recession Resistant, Most Profitable, and Top Franchise for Veterans. The brand's 4.8-star consumer rating across more than 87,000 customer reviews adds further credibility at the unit level.

  4. Industry / Market

    The US electrical services market was valued at $163.9 billion in 2024 and is projected to reach $294.6 billion by 2034, growing at a CAGR of 6.3%, according to GM Insights (February 2025). Demand drivers include ageing housing stock, accelerating EV charger adoption, smart home upgrades, and energy-efficiency retrofits in both residential and commercial properties. Electrical work is broadly non-discretionary; the category has proved resilient across economic cycles. For resale buyers, local residential density, housing age, and proximity to growth areas are relevant unit-level factors.

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