Investment and Qualifications
Here’s an overview of the franchise fee, initial investment, and financial qualifications of becoming a franchise owner with Mr. Electric.
- Initial Franchise Fee
- Total Estimated Initial Investment
- Available Liquid Capital
- Minimum Net Worth
Factors Determining Mr. Electric Costs
Our franchise developers are ready to answer your questions about Mr. Electric franchise costs.
For example, you may wish to discuss financing options like 401(k) rollovers and SBA loans, existing real estate, equipment and supplies you may already own, and any discounts that may be available to you. If you have questions, complete our form to connect with us.
Some of the factors that determine the cost of your investment include:
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.
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.
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.
In recognition of service to our country, we offer a discount of 15% off the initial franchise fee to honorably discharged veterans who qualify via the VetFran program guidelines.Learn More
Franchise Financing Options
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