Mr. Electric

Mr. Electric provides electrical repair and installation services, ensuring safe and reliable electrical systems for homes and businesses.

KEY FRANCHISE STATS

All you need to know about this franchise in a snapshot

Initial investment

$152,000

$315,000

Initial franchise fee

$42,500

Royalty fee

6.00%

Advertising fee

2% + Up to 3%

Revenue (AUV)

vs.

for

franchises

Operating Profit

vs.

for

franchises

Franchised units

189

11%

(

)

11%

(

)

vs. 2 years ago

Company-owned units

Total units

189

UNITS

This is how many units the franchise has in total

Franchised units

Company-owned units

Total units

2024

189

180

170

PROFITABILITY

Find how profitable this franchise is vs. industry benchmarks

Mr. Electric

Home Services

franchises

franchises

Revenue

- COGS

Gross Profit

- Labor costs

- Other costs

Operating Profit

Sales : Investment ratio

Investment Payback

Franchise Disclosure Document

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COMPETITORS OF

Mr. Electric

Franchise

189

11%

No growth

$42,500

$152,000

$315,000

Undisclosed

$65,000

$324,000

$545,000

Undisclosed

$50,000

$210,000

$309,000

Undisclosed

$59,500

$170,000

$179,000

Undisclosed

$59,500

$246,000

$368,000

Undisclosed

$47,500

$174,000

$346,000

Undisclosed

-22%

$29,500

$77,000

$260,000

Undisclosed

$42,500

$120,000

$201,000

Undisclosed

512

-2%

$37,276

$130,000

$812,000

Undisclosed

$2,000 to $15,000

$18,000

$84,000

Undisclosed