Mr. Appliance
Home ServicesAbout
Mr. Electric, established in 1994 and also franchising the same year, is a key player in the Home Services sector, featuring 250 units. The investment range for prospective franchisees is between $134,500 and $204,500, which includes a $35,000 franchise fee and a liquid capital threshold of $50,000. Mr. Electric operates on a 6% royalty model and has seen a growth of 16.8% in the last five years, presenting a lucrative franchise opportunity. Ideal franchisees have backgrounds in trades or a passion for electrical services and customer satisfaction. Mr. Electric provides comprehensive training to equip franchisees for success.
Investment Overview
Total Investment
$95K – $215K
Franchise Fee
$54K
Liquid Capital
$50K
Royalty Fee
5%-7%
Total Units
360
Founded
1996
Franchising Since
2003
5-Year Growth
+18.5%
Headquarters
Waco, TX
Commission Details
Structure
$30,000
Development Representative
Check Territory
Submit a city and state to email Trent Huey and ask if the territory is available.