Mr. Electric Franchise Review and FDD Snapshot
Electrical & Energy Systems
Mr. Electric
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.
Reported franchisees 211
Investment range $152,000 to $314,925
Average unit volume $342,631
Latest FDD filing year 2025
Business Snapshot
- Industry: Electrical & Energy Systems
- Headquarters: Waco, Texas, US
- Parent group: Neighborly
- Website: https://mrelectric.com
- Parent website: https://neighborly.com
Economics Highlights
- Initial fee: $42,500 (the “Minimum Initial Franchise Fee”), which is a fee for a territory of up to 100,000 in population (but see special pricing below for rural franchises), and if you wish to purchase additional territory (beyond 100,000 in population), you must pay us $425 per each additional 1,000 population in the territory (or a pro-rated amount for additional territory with a population of less than 1,000). The initial franchise fee is subject to applicable discounts, as described below. The minimum territory of 100,000 population is not appropriate or available in all cases and in all areas, depending on demographics, proximity to larger population centers, percentage of area population, the need to buy whole counties, how well the proposed territory matches what you and we expect will be the territory you will actually serve and also how it fits within our current plan for development of the applicable larger area or region. The maximum population is generally 300,000 but a larger population may be allowed under certain circumstances (e.g., densely populated urban areas or a high percentage of the territory is impoverished). The population in your territory is generally determined from estimates prepared by the U.S. Census Bureau (see www.census.gov), but we may use a substitute or successor source of population information and the source and date of the information we use is determined solely by us. You must pay the initial franchise fee in full when you sign the Franchise Agreement. The initial franchise fee is fully earned upon receipt and is non-refundable. Financing for the initial franchise fee may be available as noted in Item 10. Only the VetFran discount or the rural franchise special pricing (each as described below), if you qualify for them, may bring the initial franchise fee you must pay to an amount below $42,500. In the year ended December 31, 2024, the average initial franchise fee paid by Mr. Electric franchisees was approximately $59,271 and the initial franchise fee paid during that period ranged from $34,289 to $150,794 based on the population in the territory purchased and available discounts (discussed below). Special Pricing – “Rural Franchise” with Population not exceeding 100,000 We require the minimum franchise fee described above in every case except in areas with a minimum population of 40,000 and a maximum population of 100,000 in which we will apply special pricing for the initial franchise fee if you qualify. To qualify, the Territory (i) must be within the population size required (40,000 to 100,000); (ii) must not include a city of more than 60,000 in population; and (iii) must not be included within a standard metropolitan statistical area, be within 90 miles of a standard metropolitan statistical area or 90 miles of a city with a population over 35,000. In addition, if this special pricing applies (i) no other discounts, with the exception of the VetFran discount and the Public Protectors discount will apply; (ii) you must make a 30% minimum down payment for any financing; (iii) the transaction cannot be subject to an arrangement with a franchise or other broker; and (iv) the initial franchise
- Royalty: 6% of Gross Sales, weekly. Minimum license fees apply.
- Brand fund: 2% of Gross Sales for MR.ELECTRIC franchisees and 1.5% of Gross Sales for NEIGHBORLY ELECTRIC franchisees; except for Specialty Services and “rollin” sales. Wednesday of each week
- Local ad minimum: Not to exceed 3% of Gross Sales. As of the issuance date of this Franchise Disclosure Document, we may require that a portion of your LMG contribution (currently, 2% of your Gross Sales) be paid for use towards the Neighborly marketing and brand awareness initiatives. Determined by LMG members
- Item 19 median AUV: $342,631
- Item 19 coverage: 100%
What Mr. Electric Does
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.
This page is generated from Franchise Fox franchise and FDD-derived data. Reported franchisee counts and economics usually come from the most recent available FDD snapshot rather than manually edited marketing copy.
Scale and Filing Notes
Latest effective date 2025-04-04
Tracked states Not available
Net unit change, 3 years 22
Tracked locations in export 0
The current Franchise Fox dataset has strong FDD coverage, but live location counts are still sparse in the denormalized export. For now, the best “size” signal is reported franchisee count.
