Mr. Electric - Franchise
Quick Summary
Ranked #1 Electrical Services franchise by 2026 Entrepreneur Franchise 500®.
$159,500 - $357,425 initial investment range—refer to 2026 Mr. Electric FDD for details.
Request free info and one of our franchise experts will be in touch!
*Please contact "Mr. Electric" to confirm the accuracy of any information provided on this page.
Mr. Electric
Business Cost, Fees & Facts for 2026
| Minimum Cash Required | $50,000 | |
| Year Founded | 1994 | |
| # of Existing Units | 240 | |
| Training & Support | Yes | |
| Military/Veteran Promotion | Yes |
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Mr. Electric - Franchise
Since 1994, Mr. Electric® has provided a variety of residential and commercial electrical services as a nationally recognized industry leader. Franchise owners in more than 240 locations experience the benefits of Mr. Electric’s proven business model, including:
Recession-Resilient Model: Our full-service offering balances the demands of safety, convenience, and efficiency. From installing electric car charging ports to making smart homes even smarter, there is an ever-growing list of essential services that homeowners can’t ignore.
No Industry Experience Required: By utilizing an executive ownership model where you make the decisions and manage your own business, you won’t need to screw in a lightbulb to be successful, especially after hiring an expert staff.
Award-Winning Recognition: With more than 30 years of success, Mr. Electric has been recognized by leading organizations within the franchising space, such as Entrepreneur Franchise 500®, Franchise Business Review Top 200, and Franchise Times Top 400®.
Why Choose Mr. Electric?
Mr. Electric is proud to be a part of Neighborly®, the world’s leading home services franchisor with 19 brands and more than 5,500 locations focused on repairing, maintaining, and enhancing properties. Utilizing decades of experience and scale from this multi-brand portfolio, our franchise owners enjoy distinct advantages like:
Prime Territories: With available territories in some of the fastest-growing markets, there’s ample space and demand to establish your franchise. Better yet, thanks to designated territories, you’ll be able to collaborate and share best practices with other Mr. Electric locations instead of compete for the same customers.
ProTradeNet® Buying Power: Exclusively available to Neighborly brand franchise owners, you’ll have access to discounts and rebates from over 250 preferred vendors. In 2025, Neighborly brand franchise owners earned a collective $8.3M in rebates.
20% Veteran Discount**: We are proud to partner with VetFran and offer franchise fee discounts for qualified veterans. With more than 425 current Veteran owners across Neighborly brands, we’re committed to helping transitioning and current Veterans achieve their business goals.
Training & Support
Mr. Electric franchise owners benefit from specialized training, operations, and support systems, including:
Training Program & Business Coach: In-depth marketing and sales training as you get started, plus a consultant to answer questions and provide guidance as you grow.
Local & National Marketing Expertise: SEO & PPC guidance set the stage for integrated plans and tactics in your market that focus on customer acquisition, retention, and reactivation.
Ongoing Education & Owner Collaboration: Comprehensive opportunities such as regional training events and national conferences to ensure you have the knowledge to function at the top of your game.
Digital Integration: In an increasingly tech-focused world, local landing pages, social media presence, and custom sales support software make it easier to provide the best experience for customers.
Ideal Candidate
Our franchise owners come from all walks of life. Some have held positions in corporate environments and are looking for a career change, while others have worked in the industry and are looking to lead their own business. No matter their background, our franchise owners embody characteristics such as:
- Entrepreneurial spirit driven to set and achieve goals
- Desire to build genuine relationships with customers, employees, and other franchisees
- Commitment to delivering consistent, high-quality service
- Accountable to financial responsibilities and requirements
The culture across the entire family of brands is embodied by the Neighborly Code of Values, which emphasizes the importance of fostering a set of ideals that guide the organization. These elements, while small to some, set Neighborly and Mr. Electric franchise owners apart from the competition.
* Refer to Item 19 of the 2026 Mr. Electric SPV LLC Franchise Disclosure Document (FDD) for complete details.
** Refer to Item 5 of the 2026 Mr. Electric SPV LLC Franchise Disclosure Document (FDD) for complete details.
Mr. Electric offers 20% off initial franchise fee for qualified veterans.
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