What Does a Mr. Electric Franchise Cost? To buy a franchise with Mr. Electric, you'll need to have at least $50,000 in liquid capital. Franchisees can expect to make a total investment of $103,600 - $239,750. Mr. Electric charges a franchise fee of $40,000. They also offer financing as well as a discount for veterans (15% Off Initial Franchise Fee). *
Full Answer
What is marketing driven electrical?
What is the best thing about franchise ownership?
What Lights Up Our Ideal Owner?
Is there a slowing down in the electrical industry?
How much does it cost to start Mr Electric?
Franchisees can expect to make a total investment of $107,900 - $244,500. Mr. Electric charges a franchise fee of $42,500. They also offer financing as well as a discount for veterans (15% Off Initial Franchise Fee).
Is Mr Electric a franchise?
Established in 1994, Mr. Electric is a global franchise organization that provides expert electrical installation and repair services to both commercial and residential customers.
How does Mr Electric franchise work?
When you own a Mr. Electric franchise, you become a part of a major support network. You locally operate your business like any entrepreneur, but you receive ongoing business consultation from a Franchise Coach, an established business model, and resources from our home office support team to help you succeed.
What is the cheapest most profitable franchise to own?
What are the cheapest franchises to buy?Cruise Planners. Franchise fee: $10,995. ... Jazzercise. Franchise fee: $1,250. ... Help-U-Sell Real Estate. Franchise fee: $15,000. ... United Country Real Estate. Franchise fee: $8,000 to $20,000. ... Stratus Building Solutions. ... Anago Cleaning Systems. ... JAN-PRO. ... Dream Vacations.
Who owns Mr Electric franchise?
NeighborlyWith more than 150 locations in the United States, double digits in Canada, and another few internationally, Mr Electric is a subsidiary of Neighborly.
How many Mr Electric franchises are there?
Mr. Electric is a franchise that provides residential and commercial customers with electrical installation and repair services. The franchise has more than 150 locations in the United States and is a subsidiary of Neighborly Brand Franchises.
Who Founded Mr Electric?
Sean Dore - Owner - Mr. Electric | LinkedIn.
What franchise can I open for 10K?
There are many franchise opportunities to invest in that don't require a huge initial investment....18 Affordable Franchises Under 10K in the U.S.Krispy Krunchy Chicken. ... Java Dave's Coffee House. ... Capriotti's Sandwich Shop. ... MOMLETA / Baby Boot Camp. ... Fit4Mom. ... Jazzercise. ... Social Owl. ... Fastest Feedback.More items...
What franchise makes the most money?
What is the most profitable franchise to own? According to the Franchise 500 list of 2021, Taco Bell is the most profitable franchise to own. The food chain has been franchising for nearly 6 decades and is still seeking franchises worldwide. As of 2021, they have 7,567 open units.
How much is Mcdonalds franchise fee?
McDonald's franchisee applicants must have a minimum of $500,000 available in liquid assets and pay a $45,000 franchise fee. Those looking to launch a new McDonald's franchise can expect to shell out between $1,314,500 and $2,306,500. Existing franchise prices can cost upwards of $1 million or more.
How much money do you need to start a Chick Fil A?
Some things you should expect While operating a Chick-fil-A restaurant requires a relatively modest $10,000 initial financial commitment ($15,000 CAD in Canada), it requires a holistic commitment to own and operate the business in a hands-on manner.
How Much Does a Little Caesars franchise cost?
Here are the costs and fees associated with opening a new Little Caesars location: Estimated total investment: Starting at $379,000. Net worth requirement: $350,000. Liquid asset requirement: $150,000.
Can you buy a franchise with no experience?
Most people don't realize that they can have all of this and more through their own franchise. The best part is that there is no experience or education necessary to owning your own franchise. The only thing that is required is a drive for success.
How much does a Taco Bell franchise cost?
Total cost: A standalone Taco Bell franchise location is estimated to cost between $1.2 million and $2.6 million, exclusive of land and lease costs. Initial investment: Initial investments will vary significantly based on your location and the type of restaurant.
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Electrical Repair Franchise Opportunities Guide
Mr. Electric Established in 1994, Mr. Electric is the leading expert in electrical installation and repair services known for its consistent, superior service in the United States and Canada ...
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How much does a Mr. Electric, Sunburst Electric franchise make?
Franchise revenue and profits depend on a number of unique variables, including local demand for your product, labor costs, commercial lease rates and several other factors. We can help you figure out how much money you can make by reviewing your specific situation. Please unlock this franchise for more information.
How many franchise locations do they have?
As of the 2020 Franchise Disclosure Document, there are 158 franchised Mr. Electric, Sunburst Electric locations in the USA.
Are there any Mr. Electric, Sunburst Electric franchise opportunities near me?
Based on 2020 FDD data, Mr. Electric, Sunburst Electric has franchise locations in 36 states. The largest region is the South with 85 franchise locations.
Electrical Improvements
Compliment your air conditioner with ceiling fan installation throughout your home or business from Mr. Electric. Ceiling fans save you money and lower the cost of your next electricity bill. Reap the benefits of your new ceiling fans and let Mr. Electric do all the work.
Safety and Security
Take advantage of Mr. Electric’s free examination of your home and businesses’ entire electrical system. Our expert electricians do a thorough examination of your entire home and office with a detailed checklist to inform you of potential problems. Trust our team to keep you informed and your home and business safe.
Specialty Lighting
A well-lit lawn or business has the potential to deter criminals from attacking your home or business. Don’t fall victim -- call today to receive more information on our trusted landscape and security lighting services. Whether it is your front yard or a commercial parking lot, feel safe and protected with the help of Mr. Electric.
Energy Savings
Installing ceiling fans throughout your home or business does more than just add decorations or light up a room. Ceiling fans compliment your air conditioner, cutting down the costs of your next electricity bill. In order to save money, it is important to raise the temperature on your thermostat.
Company Overview
Established in 1994, Mr. Electric is a franchise providing electrical installation and repair servicesto both residential and commercial customers at 160 locations worldwide. Mr. Electric is a subsidiary of The Dwyer Group.
Information for Franchisees
Here’s what you need to know if you’re interested in opening a Mr. Electric franchise.
Financial Requirements & Ongoing Fees
Here’s what you can expect to spend to start the business and what ongoing fees the franchisor charges throughout the life of the business.
Financing Options
Some franchisors offer in-house financing, while others have relationships with third-party financing sources to which they refer qualified franchisees.
Training & Support Offered
Franchisors offer initial training programs and a variety of ongoing support options to help franchisees run their businesses.
Franchise 500 Ranking History
Compare where Mr. Electric landed on this year’s Franchise 500 Ranking versus previous years.
Additional Rankings
Curious to know where Mr. Electric ranked on other franchise lists? Find out below.
Where The Surge Started
Mr. Electric ® has been providing expert electrical installation and repair services in the United States and Canada since 1994. As a trusted brand, we help our franchise owners stand out in a growing industry that continues to evolve with the rise of smart technology.
Why Mr. Electric?
Some owners can't screw in a light bulb, but with an expert staff, they don’t have to.
Built-In Business Support Starts from Day One
When you own a Mr. Electric franchise, you become a part of a major support network. You locally operate your business like any entrepreneur, but you receive ongoing business consultation from a Franchise Coach, an established business model, and resources from our home office support team to help you succeed.
What Owners Are Saying
Hire people who are smarter than you. If you’re not an expert in something, hire someone who is. Sean Dion Queensbury, NY
What is marketing driven electrical?
Marketing-Driven - Our in-demand electrical services are sought out by the customer. They find you; no cold calling necessary.
What is the best thing about franchise ownership?
One of the best things about franchise ownership is the ability to be in business for yourself with the backing of an experienced franchisor and a network of seasoned, helpful fellow franchise owners.
What Lights Up Our Ideal Owner?
The motivation to become a business owner stems from many things, but the majority of our current owners have chosen Mr. Electric as a way to regain the time and freedom that are in short supply in the corporate world. They are former managers and sales leaders looking for a culture of cooperation, trust and respect, which they have found in abundance within both the Mr. Electric and Neighborly families.
Is there a slowing down in the electrical industry?
They know the business opportunity they have chosen to align with gets more exciting with each passing day. There is no slowing the electrical industry, just as there is no stopping our franchise owners from leading the charge.
A Few Powerful Factors
- No Industry Experience Needed. You don’t need to be an electrician, you’ll just need to hire one.
- Recession-Resistant. Do you know anyone who doesn’t use electricity? Neither do we.
- Never A Dull Moment. Many industries don’t advance much… this isn’t one of them.
A Surge of Support Starts on Day One!
- One of the best things about franchise ownership is the ability to be in business for yourself with the backing of an experienced franchisor and a network of seasoned, helpful fellow franchise owners. A Sure Start Out of the Gate Our Sure Start training is a 4-6 week program combining classroom-style business operations, sales, and marketing training. You won’t be conducting ele…
What Lights Up Our Ideal Owner?
- The motivation to become a business owner stems from many things, but the majority of our current owners have chosen Mr. Electric as a way to regain the time and freedom that are in short supply in the corporate world. They are former managers and sales leaders looking for a culture of cooperation, trust and respect, which they have found in abundance within both the Mr. Electric …
An Electric Energy
- We’ve realized those that excel within our system seem to have an undeniable energy coursing through their veins. They know the business opportunity they have chosen to align with gets more exciting with each passing day. There is no slowing the electrical industry, just as there is no stopping our franchise owners from leading the charge.