Home Services · registry year 2024 · HQ TX
Mr. Electric Franchise
A Neighborly brand operating in the home services sector, franchising since 1994. According to the 2024 FDD filing for Mr. Electric, this is an editorial comparison record; it does not reproduce the brand's current FDD.
- $130K – $250K
- Initial investment · Mid-range entry cost
- 5.0%
- Royalty rate · Mid-range royalty
- 230
- Total locations · Small network
- $600K
- Avg unit revenue · Below-average unit revenue
FDD outlay schedule
Registry mr-electric Mr. Electric
Mr. Electric needs $130K–$250K to open and charges a 5.0% royalty - an entry cost above the typical home services franchise.
- LO $130K
- HI $250K
- FEE $43K
- ROY 5.0%
- UNT 230
- I19 Disclosed
- INV# #138/223
- UNT# #196/223
Same-sector Item 7 peers
Nearest Item 7 peer: Ace Handyman Services ($115K)
Same-sector Item 7 neighbourhood for Mr. Electric (registry year 2024). Listed lows only - not a profit, cost-of-living, or suitability claim. Verify the current FDD before relying on these figures. How we place brands →
Franchise Opportunity Health Score
How healthy and transparent Mr. Electric's franchise system looks, from 2 of 2 tracked dimensions.
- Network momentum 4.3% net unit growth (YoY) 69/100 · D
- Financial disclosure Item 19 disclosed 100/100 · A
Benchmarked against the 223-brand tracked corpus (p10-p90 range per dimension); a higher score means a growing unit count and a disclosed Item 19. See how we place brands.
Where Mr. Electric's investment ranks nationally
Mr. Electric's listed Item 7 low of $130K against every one of the 218 tracked franchise brands with a disclosed initial investment. Listed figures only, verify in the current FDD before relying on them.
Mr. Electric vs all tracked franchise brands by listed investment
Initial investment low (FDD Item 7), PlainFranchise brand corpus
$130,000 Lower than most lower than 63% of 218 franchise brands
Franchise brands, banded by listed Item 7 low
Each bar is a $0.001K-wide band; taller bars hold more franchise brands. The dashed line + filled bar mark this entry. Hover or tap any bar for its full count and share, and where it sits relative to this entry.
Source PlainFranchise editorial comparison registry · 2024-12-31
Investment Overview
- Franchise Fee
- $43K
- Ad Fund Rate
- 2.0%
Revenue Data (Item 19)
- Average Revenue
- $600K
- gross revenue per location
* Revenue figures are gross revenue (sales), not profit. This registry does not report operating costs or profit.
Network Size & Growth
Net Growth Rate
Year-over-year unit change
10 locations closed in the last reporting year
Quick Facts
- Sector
- Home Services
- Subsector
- electrical
- Founded
- 1994
- Franchising Since
- 1994
- Headquarters
- TX
- FDD Year
- 2024
- Item 19
- Disclosed
Important Notice · Mr. Electric
This Mr. Electric page is a registry comparison record, not a verified FDD extract. It does not establish suitability, operating costs, profitability, or expected results for Mr. Electric.
Small-network FDD fields for Mr. Electric
Signature read: 230 locations · Item 7 low $130K
Mr. Electric, a Neighborly franchise, has been franchising since 1994 , currently with 230 total locations (230 franchised, 0 company-owned; 100% of the recorded total is franchised) in the home services sector, headquartered in TX. The registry records a total initial investment between $130K and $250K, recorded as a low-to-high range in the registry. A franchise-fee field of $43K is recorded separately, while the registry summary does not reproduce the full Item 7 schedule.
Royalty payments here are set at 5.0% of gross sales, plus a 2.0% national ad-fund field; the listed percentages sum to 7.0%. Mr. Electric has an Item 19 financial-performance field in this registry, a voluntary disclosure under the FTC Franchise Rule. The reported average gross revenue per location is $600K; applying the listed royalty rate to that reported average yields $30K as a simple arithmetic illustration, not a cost or profit estimate. Revenue is not profit; this registry does not contain a complete operating-cost or profit record.
Mr. Electric's network is expanding: unit count grew at a 4.3% net rate over the past year (20 openings, 10 closures). The registry records both the reported percentage and the count of openings and closures when those fields are available.
Frequently Asked Questions
How much does a Mr. Electric franchise cost?
How many Mr. Electric locations are there?
What are the ongoing fees for a Mr. Electric franchise?
Related reading for Mr. Electric: Understanding FDDs , Mr. Electric lists Item 19 revenue here, how Item 19 fits the 23-item FDD.
Snapshot uses the registry's listed Item 7 initial-investment low and Item 20 location-count fields. It is a descriptive comparison, not a ranking or investment recommendation.
How Mr. Electric's Item 7 and Item 19 fields are labeled (expand)
Nationwide brands with similar investment or network size
Two data-derived peer sets for Mr. Electric , both outside HQ state TX : nearest Item 7 lows and nearest total-location counts, not the same-sector roster below.
Similar listed investment
Nearest Item 7 lows ($130K here).
Similar network size
Nearest total location counts (230 here).
What to do with this
Mr. Electric at a glance, drawn from the same figures above.
- Mr. Electric scores 85/100 (B) on our composite opportunity read, combining net unit growth and Item 19 financial-disclosure transparency.
- Its $130K – $250K entry cost runs above the typical home services franchise.
- Ranks #138 of 223 listed franchises by initial investment. See rankings
- Ace Handyman Services sits at a comparable investment level ($115K) in the same sector. Compare
Editorial comparison registry, not a source-linked FDD record. Verify the current FDD before relying on any figure.
Read our methodology - what this registry can and cannot establish.
Source: PlainFranchise editorial registry Record-level FDD source link and retrieval date pending
| Publisher | PlainFranchise |
| Sources | Public state franchise disclosure registries and FDD filings |