FRANCHISE RESALES

Buy a Mr. Electric Franchise

Mr. Electric, established in 1994, is a global franchise specializing in electrical installation and repair services for residential and commercial customers. With nearly 200 locations worldwide and recognized by Entrepreneur magazine in its “Franchise 500,” Mr. Electric is part of the Neighborly family of service franchises. The brand is known for professionalism, reliability, and safety, offering a broad range of services including lighting solutions and energy-efficient upgrades. Franchisees operate in designated territories with strong growth potential, supported by a proven business model and a nationwide reputation for quality electrical services.

Latest Resales

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Why buy a Mr. Electric Franchise?

Investing in Mr. Electric offers entry into a recession-resistant, essential home services market with a well-established brand and proven franchise system. Franchisees gain access to extensive training, marketing support, and a strong network through Neighborly. The brand’s focus on quality, safety, and customer satisfaction creates a solid foundation for a profitable and scalable business opportunity in the growing electrical services industry. Initial investment ranges from approximately $152,000 to $315,000, reflecting the costs of equipment, vehicles, marketing, and working capital.

Mr. Electric Franchise Costs & Information

  • Minimum Qualifications

    • Initial Franchise Fee

      $42,500

    • Initial Investment

      $152,000 - $314,500

  • Royalty

    • Royalty Fee

      6%

  • Training & Support

    • 50.45 hours classroom training

    • Ongoing support

    • Marketing support

Mr. Electric – Additional  Information

  1. Franchisee Support

    Mr. Electric provides comprehensive training, ongoing business consultation, marketing strategy, and access to a Franchise Coach. Franchisees benefit from established systems, proprietary tools, and continuous support from the home office and a dedicated field team. The brand’s support empowers franchisees to run efficient operations and grow their business with expert guidance.

  2. Accolades & Awards

    Mr. Electric has been consistently recognized among Entrepreneur magazine’s Franchise 500 and is praised for its strong brand reputation, customer service excellence, and franchisee satisfaction. It is an award-winning franchise known for leadership in the electrical services sector.

  3. Industry / Market

    The electrical services market is expanding due to increasing demand for electrical installations, repairs, and smart technology upgrades in homes and businesses. The essential nature of electrical services and the rise of energy-efficient technologies position Mr. Electric well for sustained growth in a recession-resilient industry.

  4. Ideal Owner

    The ideal franchisee is a motivated entrepreneur with strong leadership and customer service skills. No prior electrical experience is required, as franchisees hire licensed electricians and receive thorough training. Candidates should be committed to operating a service-oriented business with growth potential in a designated territory.

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