Home Services
Mr. Electric
Electrical repair and installation franchise offering residential and light commercial services.
Business overview
Mr. Electric is another service franchise from the Neighborly family, focusing on electrical services. The initial investment is in the range of $101,000 to $140,000, including a $35,000 franchise fee. The required net worth is about $100,000, and liquid cash of roughly $45,000 is recommended. Royalties are 7% of sales, and advertising contributions 2%. Mr. Electric franchise owners often do not need to be electricians themselves (they can hire licensed electricians) and benefit from established systems for safety and training. Given the ongoing need for electrical repairs, upgrades, and generator installations, Mr. Electric franchisees serve a stable market with support from a nationally recognized brand.
Research factors
Detailed questionnaire data has not yet been independently reviewed for this franchise.