Mr. Electric
Home Services · Handyman & Repairs
- Active units
- 211
- Avg unit volume
- $1.1M
- Royalty
- 6.0%
Franchised, year-end 2024
of weekly Net Sales
About Mr. Electric
Established in 1994, Mr. Electric is a renowned brand that offers comprehensive residential and commercial electrical services across the US and Canada. With almost 200 locations worldwide, Mr. Electric franchisees deliver top-quality electrical installation and repair services to both residential and commercial customers. As a subsidiary of the Neighborly family of service franchises, Mr. Electric adheres to a Code of Values that emphasizes respect, integrity, and customer focus. The brand's licensed electricians are available 24/7 to provide emergency services, electrical repairs, lighting installations, electrical panel upgrades, and more. Mr. Electric takes pride in its commitment to delivering the highest-quality service, ensuring customer satisfaction with upfront pricing and the expertise of their electricians. Whether you need repairs or installations, trust Mr. Electric to get the job done right. Contact your local Mr. Electric for exceptional electrical services and join the community of satisfied customers.
Key terms
- Franchise fee
$43k
- Rural Franchise special pricing
If qualified rural territory (40,000–100,000 pop.), initial franchise fee will be $20,000; limited combination with other discounts
- Roll-In Discount
5% off for each $125,000 in rolled-in sales; up to 50% discount
- Multi-Unit Franchisee Discount
5%–20% based on 2–5+ years as franchisee; additional 5% Cash Discount if paid within 90 days
- Additional Concept Discount
10% discount if franchisee of an affiliate for at least 2 years
- HIRE Discount
10%–25% based on years of employment (2–5+ years) for qualified employees
- Incentive Development Program (TAFS)
50% discount on Initial Franchise Fee attributable to TAFS if signed by 7/31/2025; 25% if between 8/1/2025 and 12/31/2025
- Brand fund
2.0% of Net Sales
- Local advertising
8.0% of Net Sales
- Footprint
1,000 sq ft
- Development Agreement (PE Owners) - Development Fee
$0
- Veteran discount
20.0% off franchise fee — Discount the Minimum Initial Franchise Fee ($42,500) by 20%
Brand Percentile Rankings
Rankings compare brands in the same operating year. Fee and investment figures come from the FDD (2026 filing); filings on file: 2024, 2025, 2026.
Growth
- Total locations236
Franchised units open at year-end
- New openings40
Gross new units opened during the calendar year
- 1-year unit growth rate11.8%
Net unit growth versus prior year
- 3-year unit CAGR11.7%
Compound annual growth rate of unit count over the trailing 3 years
- Unit growth ratio2.7×
Cumulative opens / closures through year-end
Unit economics
- Annual unit volume (Median)—
Per FDD Item 19 disclosure
- Annual unit volume (25th percentile)—
Per FDD Item 19 disclosure
- Annual unit volume (75th percentile)—
Per FDD Item 19 disclosure
- 1-year Median AUV growth rate5.1%
Year-over-year change in median AUV
- Store-level EBITDA Margin—
Median unit-level EBITDA / AUV
Investment profile
- Estimated initial investment$258k
Midpoint of estimated initial investment range
↓ Lower is better - Time to open—
Midpoint of average time from agreement to opening
- Royalty rate6.0%
Percent of net sales paid to the franchisor
↓ Lower is better - Sales-to-investment ratio—
Median AUV / estimated initial investment midpoint
- Cash-on-cash returns—
Median unit-level EBITDA / estimated initial investment midpoint. Steady-state estimate; year 1 returns will be lower as the unit ramps to median volumes.
Franchisee healthLocked
- Unit closure ratio
- Transfer vs. closure ratio
- Percent multi-unit franchisees
- Litigation rate
- EBITDA multiple on sales & transfers
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Location footprint
Showing 237 of 312 mapped locations
Sources
Financial and operating figures are sourced from the brand's Franchise Disclosure Documents. Brand percentile rankings are based on comparisons to other brands that include the same metrics in their Franchise Disclosure Documents.