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What Is The Initial Mr. Electric Franchise Cost?

The Mr. Electric initial franchise fee is $42,500*, with a total estimated investment ranging from $152,000-314,500* covering startup costs like equipment and marketing.

Franchisees must have at least $65,000* in available liquid capital to manage initial expenses and ensure a smooth launch.

These requirements ensure that new franchisees are well-prepared to operate and grow their business. With the right financial foundation, franchise owners are set up for success in this essential home service sector.

Initial Franchise Fee
$42,500*
Total Estimated Initial Investment
$152,000-314,500*
Available Liquid Capital
$65,000
*The Mr. Electric franchise fee may vary based on the size of the territory awarded. The Mr. Electric franchise cost range includes the initial franchise fee; it does not include real estate costs. Refer to Item 7 of the 2024 Mr. Electric SPV LLC Franchise Disclosure Document for complete details.

What Factors Determine Mr. Electric Franchise Costs?

The Mr. Electric franchise cost is determined by various factors, including the size and population of your territory, your existing equipment, supplies, and marketing materials, as well as financing options like SBA loans, 401(k) rollovers, and potential discounts.
 
To get a personalized estimate, contact our franchise developers, who can provide more details and discuss financing options tailored to your specific needs.
 
More details on the factors contributing to your Mr. Electric franchise costs:
Territory

Territory Size

Your territory size is based on where you want to operate, the number of households (population) and businesses, any areas to which you would like to expand, where your current customers are (if you have an existing business), and other factors. Territory size may cause variations in your initial Mr. Electric franchise cost.

Startup Costs

Startup costs

We calculate how much a franchise costs based on your individual needs and circumstances. You may be starting from scratch with the purchase of new equipment, vehicles, supplies, and supplementary marketing. Or maybe you’re simply rebranding your current business. Either way, we’ll fully explain the required investment.

Business Conversion

Business conversion

Your existing business counts with us. If you have a business in the electrical industry already, you may qualify for a roll-in discount based on business size. No matter how big or small your current business is, our systems are designed to support you.

Veterans

Veterans discount

In recognition of service to our country, we offer a discount of 20% off the initial franchise fee to honorably discharged veterans who qualify via the VetFran program guidelines.

Learn More

What Franchise Financing Options Do I Have?

Being your own boss and securing the funding to do so is in reach. There are many options to funding your franchise investment such as:

  • Self-funding with payment in full
  • Third-Party Lenders
  • Small Business Administration (SBA) Loans
  • Investment Account Rollovers
  • Line of Credit*
  • Franchisor Financing*

When you open a franchise with Mr. Electric, you have a network of experts and resources available to help you successfully launch your business. Please consult with your local counsel and financial advisor to determine which option is best for you.

*Available only with select Neighborly® brands; ask your Franchise Developer