Mr. Electric franchise: cost, fees & unit track record
Opening a Mr. Electric franchise takes $107,900 – $244,500 all-in, per its franchise disclosure filings (data as of 2026-05). The initial franchise fee is $43,750. Ongoing, franchisees pay a royalty of 7% on sales plus an ad-fund contribution of up to 2%. To qualify, Mr. Electric asks for $20,000 in liquid cash. Anything the filings do not state is marked "Not disclosed" below — never estimated.
Mr. Electric franchise costs and fees
| Verification mark | Cost item | Low | High | Range |
|---|---|---|---|---|
| Initial franchise feeOne-time, paid to the franchisor at signing | $43,750 | $43,750 | $43,750 | |
| Initial investment (all-in)FDD Item 7-derived range: build-out, equipment, opening costs | $107,900 | $244,500 | $107,900 to $244,500 | |
| Net worth requiredFranchisor's stated qualification minimum | Not disclosed1 | Not disclosed1 | ||
| Liquid cash requiredFranchisor's stated qualification minimum | $20,000 | $20,000 | $20,000 | |
| Cash to open (all-in range) | $107,900 | $244,500 | $107,900 to $244,500 | |
- 1 "Not disclosed" means Mr. Electric's filings do not state this figure. We publish the gap instead of estimating it.
| RoyaltyOngoing, % of sales | 7% |
|---|---|
| Ad fundOngoing, % of sales | Up to 2% |
| Initial termLength of the first franchise agreement | Not disclosed |
See the full Mr. Electric cost breakdown — what's in that number and what isn't
How Mr. Electric's cost compares
A dollar figure means more with a yardstick. Here is where Mr. Electric's disclosed cost sits against the Professional Services category:
- Minimum startup cost of $107,900 — about 1.3× the Professional Services median of $84,700.
- Initial franchise fee of $43,750 — about in line with the Professional Services median of $39,700.
Category medians are computed from the Professional Services brands in our data that disclosed each figure — a benchmark for scale, not a quality judgment. See all Professional Services franchises
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How Mr. Electric's units have held up
Openings and closures from FDD Item 20-style unit history, 2012–2021: began the window at 131 units; 171 units opened, 127 closed, ending at 170 units. (partial records: 2018 is not in the source data — totals span the reported years only.)
What about earnings?
We don't publish per-brand earnings figures — for Mr. Electric or anyone else. The only primary source is Item 19 of the brand's own franchise disclosure document (FDD), and no law requires a franchisor to publish one, so the "average owner income" numbers circulating elsewhere are usually unsourced or survivorship-biased. Ask Mr. Electric for its current FDD and read Item 19 yourself — and if there is no Item 19, that silence is information too.
What this data can't tell you
Everything on this page comes from disclosure filings — fees, ranges, and unit counts. Four questions that matter just as much are not in any filing we can source, so we say so instead of guessing:
- The hours and the labor
- No dataset field says whether Mr. Electric is a manage-from-a-laptop business or a 60-hour week in disguise. Item 15 of the FDD states whether you're obligated to run the business personally, and Item 11 lists what the franchisor actually does for you — then ask current owners what their week looks like (validation calls), not the sales team.
- How hands-on the ownership really is
- "Semi-absentee" is a pitch, not a filing field. Treat any hands-off claim as unverified until it's consistent with Item 15 and with what multiple current franchisees tell you — what absentee ownership actually means.
- Your territory — whether it's protected, and whether it's open
- Two territory questions sit outside our data. Whether Mr. Electric grants a protected or exclusive area is set in Item 12 of the FDD and varies brand to brand — some grant none, and the carve-outs (online sales, national accounts) matter as much as the map. And filing data can't say what's open in your market this month; only Mr. Electric can confirm current availability. Ask both before you inquire, and get the answer in writing.
- What owners earn
- Covered honestly above: our dataset has no earnings fields, the only primary source is the brand's own Item 19, and here is how to read that evidence.
About the Mr. Electric franchise
Mr. Electric is a professional services franchisor with 170 units at the end of 2021 (FDD Item 20-style unit history). Between 2012 and 2021, it began the window at 131 units; its filings record 171 unit openings and 127 closures, ending at 170 units (partial records: 2018 is not in the source data — totals span the reported years only). Its parent company is Neighborly. The filings indicate financing options are available; terms come from the franchisor, not from us.
No franchise-related lawsuits reported in the disclosure data we hold (FDD Item 3, as of 2026-05) — an absence in our sources, not a guarantee; confirm against the brand's current FDD.
From the franchisor's materials
As a franchisee, you will sell service and repair electrical systems, equipment, components and supplies, including installation, upgrades and remodeling for residential and commercial customers.
Mr. Electric franchise: quick answers
- How much does a Mr. Electric franchise cost?
- $107,900 – $244,500 all-in to open, per Mr. Electric's franchise disclosure filings (data as of 2026-05).
- How many Mr. Electric units are there?
- 170 units at the end of 2021 (FDD Item 20-style unit history).
- How have Mr. Electric's units held up?
- 82.6% of units at risk between 2019 and 2021 did not close, per our metric recomputed from FDD Item 20-style unit history (methodology published on our verification page).
- Is Mr. Electric SBA-eligible?
- Mr. Electric is flagged SBA-eligible in our dataset (as of 2026-05). Confirm current status on the SBA Franchise Directory before relying on it for financing.