--- title: "Mr. Electric Franchise: Cost, FDD Analysis & Review" description: "Mr. Electric franchise costs, fees, and earnings potential. Investment range: $152K-$315K. 211+ locations. Get the data you need to decide." url: "https://www.franchisegrade.com/best-franchises/brand/mr-electric-sunburst-electric" canonical: "https://www.franchisegrade.com/best-franchises/brand/mr-electric-sunburst-electric" markdown_url: "https://www.franchisegrade.com/best-franchises/brand/mr-electric-sunburst-electric.md" type: "FranchiseBrand" brand: "Mr. Electric" sector: "Home & Property Services" category: "HVAC, Plumbing & Electrical Services" investment_low: "152000" investment_high: "314925" total_units: "211" grade: "B" operating_model: "Semi-Absentee" --- # Mr. Electric Franchise: Cost, FDD Analysis & Review Mr. Electric franchise costs, fees, and earnings potential. Investment range: $152K-$315K. 211+ locations. Get the data you need to decide. ## At a glance - **Brand:** Mr. Electric - **Sector:** Home & Property Services - **Category:** HVAC, Plumbing & Electrical Services - **Total initial investment:** $152,000 – $314,925 - **Total units (FDD Item 20):** 211 - **FranchiseGrade grade:** B - **Operating model:** Semi-Absentee - **Home-based:** yes - **States with locations:** AK, AL, AR, AZ, CA, CO, DE, FL, GA, IA, ID, IL, IN, KS, KY, LA, MD, MI, MN, MO, MS, NC, NE, NH, NJ, NM, NV, NY, OH, OK, OR, PA, SC, SD, TN, TX, UT, VA, WA, WI, WV ## Mr. Electric — franchise facts ### What is the total investment required to open a Mr. Electric franchise? Total investment ranges from $152K-$315K, including the $42K franchise fee, equipment, inventory, working capital, and technology setup. This covers everything needed for launch in your protected territory, with most owners in the moderate investment range. ### What does the $42K franchise fee cover for Mr. Electric? The $42K franchise fee covers brand rights, access to proprietary software and systems, initial 50-hour training program, territory assignment, launch support, and connection to Neighborly's 5,500+ location buying network and resource library. ### What ongoing fees does Mr. Electric charge after opening? Mr. Electric charges 6% royalty on gross revenue, 2% advertising fund contribution, and technology fees included in the royalty structure. These ongoing costs are standard for the electrical services franchise category and fund continued support and brand development. ### What liquid capital and net worth does Mr. Electric require? Franchisees must have minimum liquid capital of $38K and minimum net worth of $228K. These requirements ensure you can fund startup costs, meet payroll, and sustain operations during the critical launch phase. ### Does Mr. Electric offer financing or recommend third-party lenders? While Mr. Electric does not directly finance franchises, the brand works with SBA lending partners and third-party franchisee financing companies. Neighborly's scale and established track record make franchisees attractive candidates for traditional and alternative financing. ### What initial training does Mr. Electric provide? Mr. Electric provides 50.25 hours of comprehensive initial training through the Sure Start program, covering electrical services, safety compliance, business operations, software systems, and customer service. Training occurs at support centers and includes both classroom and field components. ### What ongoing support does Mr. Electric offer after launch? Franchisees receive continuous support including regional manager oversight, marketing templates and campaigns, operational guidance, software updates, access to ProTradeNet buying power, and regular business reviews. The Neighborly network provides peer learning and best practice sharing across 5,500+ locations. ### Does Mr. Electric help with site selection or territory assignment? Mr. Electric assigns protected territories based on demographics, competition, and market demand. The franchise is home-based, eliminating traditional retail location concerns, though franchisees may eventually develop service hubs within their territory. ### What are the day-to-day responsibilities for a Mr. Electric owner? Owner responsibilities typically include managing technician teams, overseeing customer relationships, handling sales and scheduling, managing finances and pricing, ensuring regulatory compliance, and driving local marketing. Many owners transition to business management roles as the operation grows and matures. ### Is Mr. Electric better for owner-operators or semi-absentee owners? Mr. Electric suits both models: owner-operators running all operations benefit from the home-based structure and technical training, while semi-absentee owners can build teams and delegate operations. The franchise's systems and ongoing support enable both approaches depending on owner goals and growth speed. ### What lifestyle and time commitment does owning Mr. Electric require? Early-stage owner-operators often work 50-60 hours weekly managing operations and customer relationships. As the business matures and teams expand, semi-absentee owners can delegate day-to-day management while focusing on business development, typically 30-40 hours weekly involvement. ### How many Mr. Electric territories are available? Mr. Electric currently operates 211 locations across 41 states with protected territories. Expansion opportunities exist in underserved markets; availability varies by region. Prospective franchisees should inquire about specific territory opportunities in their target area. ### Can Mr. Electric franchisees open multiple units? Multi-unit ownership is available for qualified franchisees meeting financial requirements for each territory. Experienced operators and area development agreements are available; terms depend on specific territorial potential and franchisee capacity. ### Does Mr. Electric offer area development or master franchise agreements? Mr. Electric offers area development agreements for experienced multi-unit operators with sufficient capital and operational capacity. Master franchise arrangements are available; interested parties should contact Neighborly for detailed terms and requirements. ### How do Mr. Electric franchises generate revenue and profit? Revenue comes from residential and commercial electrical service calls, installations, EV charger setup, and maintenance contracts providing recurring revenue streams. Gross margins typically range 50-65%, with profitability driven by technician utilization, pricing strategy, and operational efficiency across service volume. ### What sets Mr. Electric apart from other electrical service franchises? Mr. Electric is the largest electrical franchise in North America with 30-year heritage, no experience requirements, Neighborly's unmatched support ecosystem, proprietary scheduling software, and ProTradeNet buying power. Protected territories and home-based model eliminate landlord risk while brand strength attracts quality customers. ## Research this brand - Full profile: https://www.franchisegrade.com/best-franchises/brand/mr-electric-sunburst-electric - Compare it side by side: https://www.franchisegrade.com/compare - Check affordability against your capital: https://www.franchisegrade.com/affordability-calculator - Franchise terms used above: https://www.franchisegrade.com/tools/franchise-glossary --- *Source: [FranchiseGrade](https://www.franchisegrade.com) — independent, FDD-derived franchise research.* *Cite this page as: https://www.franchisegrade.com/best-franchises/brand/mr-electric-sunburst-electric* *Training, indexing and quotation are permitted — please attribute and link to the source URL above. Full-text reproduction of the whole page is not. Licensing: privacy@franchisegrade.com*