Mr. Electric
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Mr. Electric

When most people think about business ownership, they rarely picture owning an electrical services company. Yet that's exactly what makes Mr. Electric such an attractive opportunity. Electricity is essential to every home and business, regardless of economic conditions. When a panel fails, an EV charger needs to be installed, a generator is required, or a customer wants to modernize their home with smart technology, those projects can't simply be postponed indefinitely. Mr. Electric gives franchise owners the opportunity to build a business around an essential service with consistent demand, while leveraging the support, systems, marketing, and buying power of Neighborly—the world's largest home services company. One of the biggest misconceptions candidates have is that they need to be electricians to own a Mr. Electric franchise. In reality, the ideal owner is a business leader, not necessarily a technician. Successful franchisees come from a variety of backgrounds, including corporate leadership, sales, military, finance, and operations. The franchise model is designed so owners focus on building a team, developing leaders, delivering an exceptional customer experience, and growing the business while licensed electricians perform the technical work. Neighborly provides comprehensive training, operational coaching, recruiting support, marketing resources, and proven systems to help owners confidently launch and scale their business. If you're looking for a business that combines recurring demand with significant growth potential, Mr. Electric deserves serious consideration. The electrical industry is being driven by long-term trends including aging electrical infrastructure, electric vehicle adoption, whole-home generators, smart home technology, increased power demands, and ongoing residential and commercial development. Combined with a nationally recognized brand, proven operating systems, and the support of Neighborly's franchise network, Mr. Electric offers entrepreneurs the opportunity to build a valuable, scalable business in an industry that isn't going away—one that has the potential to create meaningful income, equity, and long-term wealth for years to come.
$159,500 - $357,425

Investment range

$ 1,412,806

Average Gross Sales

Mr. Electric
$ 150,000

Financial requirements

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Business basics & stats

Key Stats

Mr. Electric

Founder

N/A

Home Office Location

N/A

Company Founded

1994

Began Franchising

1994

Industry

Electrical Service

Industry Size

N/A

Veteran Discount

N/A

Group Health Insurance

N/A

Company Units Open

0

Franchise Units Awarded All Time

425

Franchise Units Awarded Last 12 Months

36

Franchise Units Open

225

Number of franchisees

170

Ideal candidate profile

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