Premier Home Services Franchise Opportunities

    Mr. Electric® Franchise Costs

    A High Voltage Investment In Your Future

    Technology is reshaping how homes and businesses use electricity. Your investment in Mr. Electric puts you at the center of this growing demand. With our proven systems, national brand recognition, and essential year-round services, you’ll have everything you need to build a business with serious long-term potential.

    Explore the Cost

    Total Estimated Initial Investment

    Ranges from $152,000–$314,925*, covering startup costs like the initial franchise fee.

    Liquid Capital Needed

    At least $65,000 in readily available funds.

    License Fee

    6% of annual gross sales (learn more)

    Veteran Discount

    Qualify and get 20% off the initial franchise fee through the VetFran program.

    *Does not include real estate costs. +any additional franchise fee + any real estate costs. The Mr. Electric franchise cost range includes the initial franchise fee. Refer to Item 7 of the 2025 Mr. Electric SPV LLC Franchise Disclosure Document for complete details.

    The Value of Your Investment

    Your investment in Mr. Electric could open the door to financial independence. With Neighborly®’s support and a highly scalable business model, you’ll have a clear path to becoming a trusted electrical services leader in your community.

    As an owner, you gain:

    • Control of your future, setting the pace and direction of your business
    • A scalable business you can grow, pass down, or diversify over time
    • A proven model where every customer and every job builds lasting value
    • Confidence through support, including operations systems, marketing resources, and ongoing coaching
    • Access to ProTradeNet®, Neighborly’s powerful vendor network with exclusive discounts and rebates
    • A strong brand foundation, backed by 30 years of experience and 215+ franchise locations
    MrElectricTeam

    Cost Drivers

    Not all franchises cost the same, and that’s good because, in many cases, it allows you to control some of the variables. These variables let you shape the risk and investment to your comfort level while still operating in a proven model.

    Territory Size & Population Density

    More households and businesses = Higher initial cost, but also more opportunities.

    Existing Assets

    Most owners start from the ground up with new vehicles, equipment, marketing tools, and the essentials.

    Marketing & Branding

    Local advertising, signage, vehicle wraps, and more to help you put your best foot forward.

    Contact our franchise experts for a personalized cost estimate.

    Financing Options for Your Franchise

    When starting your franchise journey, understanding your financing options is crucial. See Item 10 of the 2025 Franchise Disclosure Document for additional information.

    Select Topic
    • Self-Capitalization
    • Commercial Bank Loans
    • Franchisor Financing
    • Friends and Family Loans
    • Alternative Lenders
    • 401(k) Investment Account Rollovers
    • Small Business Administration (SBA) Loans
    Self Capitalization

    Self-Capitalization

    Some franchise owners choose to launch their business from existing funds they’ve accumulated in a savings or money market account, inheritance, or from the sale of another business.

    Bank-1

    Commercial Bank Loans

    Term loans provide upfront capital that are repaid monthly with interest. Because franchises come with proven models and brand recognition, lenders are often more willing to approve loans compared to independent startups.

    Financing-1-1

    Franchisor Financing

    Check with your franchisor to see if they offer financing options for new owners. Some provide funding directly or through lender partnerships, often covering key startup costs like the franchise fee and equipment, making it easier to get up and running. Schedule a call with Neighborly to learn more about our franchisor financing options.

    FamilyInvestment-1

    Friends and Family Loans

    Borrowing from someone you trust, like a friend or family member, can be a flexible way to fund your franchise. Just be sure to put the terms in writing, ideally with a lower interest rate and a more generous repayment timeline than a traditional loan.

    AlternativeLending-1

    Alternative Lenders

    Alternative lenders offer loans similar to traditional banks but often with higher costs, smaller amounts, and shorter repayment terms. They're a common option for those who don’t qualify for standard loans. You can explore trusted providers through resources like Business News Daily.

    401k-1

    401(k) Investment Account Rollovers

    Rollovers as Business Startups (ROBS) is an often overlooked option for franchise funding. If you have an inactive IRA or 401(k), you could roll it over to fund your business. This option for financing a franchise is typically used in conjunction with an SBA loan.

    SmallBusiness-1

    Small Business Administration (SBA) Loans

    SBA loans operate similarly to commercial bank loans but with lower interest rates and longer repayment timelines because the U.S. Small Business Administration guarantees a portion of the loan amount.

    Owning your future is within reach. Mr. Electric offers multiple ways to fund your investment, so you can choose what works best for your financial situation. See Item 10 of the 2025 Franchise Disclosure Document for additional information.

    Real Owners. Real Stories.

    Screenshot 2026-02-03 at 9.28.45 AM
    Screenshot 2026-02-03 at 9.28.26 AM

    Talk to a Franchise Developer

    Tired of building someone else's business? With Mr. Electric, you don't have to start from scratch. You get a proven system, national brand recognition, and real operational support so you can build a future that works for you

     

    We're Here for You. Contact Us.

    Being a franchise owner means being available for your customers. We do the same for you.

    • inc-5000
    • International Franchise Association
    • VetFran

    This information is not intended as an offer to sell, or the solicitation of an offer to buy, a franchise. It is for information purposes only. Currently, the following states regulate the offer and sale of franchises: California, Hawaii, Illinois, Indiana, Maryland, Michigan, Minnesota, New York, North Dakota, Oregon, Rhode Island, South Dakota, Virginia, Washington, and Wisconsin. If you are a resident of or want to locate a franchise in one of these states, we will not offer you a franchise unless and until we have complied with applicable pre-sale registration and disclosure requirements in your state.

    © Neighborly | All rights reserved