Mr. Electric
Waco, TX
Mr. Appliance, founded in 1996 and offering franchises since the same year, is part of the Home Services sector with 320 units nationwide. The investment needed to join Mr. Appliance ranges between $75,300 and $162,400, with a $35,000 franchise fee and a requirement for liquid capital of $50,000. It has a 7% royalty and has exhibited an impressive growth rate of 18.5% over the past five years. This franchise opportunity attracts individuals who appreciate home repair and service industries. Mr. Appliance provides robust training and ongoing support to help franchisees flourish and succeed in this vital service market.
FIC Score
out of 100
Investment Range
$140K – $315K
Franchise Fee
$43K
Total Units
253
5-Year Growth
+16.8%
FIC Score Breakdown
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Overall Ranking
Out of 787 franchises
Specifications
About the Mr. Electric Franchise Opportunity
The Mr. Electric franchise is a Home Services franchising opportunity founded in 1994 and headquartered in Waco, TX. With over 253 franchise units, Mr. Electric is one of the recognized brands in the home services sector available to prospective franchisees.
The total investment required to become a Mr. Electric franchisee ranges from $140K to $315K. The initial franchise fee is $43K. Prospective franchise owners must have a minimum of $65K in liquid capital. Franchisees pay an ongoing royalty fee of 4%-7%.
The Franchise Information Center has assigned Mr. Electric a FIC Score of 91.2 out of 100, ranking it #23 among all franchises. This proprietary franchise score evaluates three core dimensions: scalability (90.0/100), franchisor support quality (92.0/100), and unit economics (91.6/100).
Mr. Electric has demonstrated 16.8% unit growth over the past 5 years, reflecting strong demand for this franchise opportunity among investors and entrepreneurs entering franchising.
The Franchise Information Center provides free consultations to help you evaluate whether the Mr. Electric franchise is the right franchising investment for your goals, budget, and market. Our expert franchise brokers work directly with franchisors on your behalf — at no cost to you.
Mr. Electric
FIC 91.2 · #23
DISCLAIMER: The financial information displayed on this page — including franchise fees, total investment ranges, liquid capital requirements, royalty fees, and unit counts — is provided for general informational purposes only and is sourced from publicly available data, third-party directories, and franchisor-published materials. This information may not reflect the most current figures disclosed in the franchisor's Franchise Disclosure Document (FDD). Investment amounts, fees, and terms are subject to change without notice and may vary based on location, market conditions, territory, and other factors. The Franchise Information Center (FIC) does not guarantee the accuracy, completeness, or timeliness of any financial data presented herein. Nothing on this page constitutes a franchise offering, investment advice, or a solicitation to purchase a franchise. A franchise offering can only be made through a Franchise Disclosure Document (FDD) registered and delivered in accordance with applicable federal and state law. Before making any investment decision, prospective franchisees should independently verify all financial data with the franchisor directly and consult qualified legal and financial advisors. The FIC Score is a proprietary analytical tool for informational purposes only and does not constitute an endorsement, recommendation, or guarantee of franchisee success or investment return.