Mister Sparky vs Mr. Electric
Mister Sparky vs Mr. Electric: Mister Sparky costs $85K to $277K to open; Mr. Electric costs $152K to $315K. Mister Sparky has 215 units, Mr. Electric has 131. SBA loan history: Mister Sparky = 26 loans (0.0% default); Mr. Electric = 145 loans (9.0% default). The franchise with more SBA funded units, a lower SBA default rate, and a lower royalty load is the safer financing bet; see the comparison below.
Mister Sparky vs Mr. Electric: Capital, Scale & Lending Analysis
Analysis based on FDD filings and SBA 7(a) loan level data. Each pairing reflects a unique combination of capital intensity, system scale, and financing path.
Capital Intensity
Mister Sparky requires the lower minimum capital commitment ($85K vs $152K for Mr. Electric), a 44% spread. Initial franchise fees come in at $33K for Mister Sparky versus $43K for Mr. Electric, Mister Sparky has the lower entry fee. Ongoing royalty load is 6% for Mister Sparky and 6% for Mr. Electric, equal royalty drag.
System Scale & Tenure
On scale, Mister Sparky operates 215 units to Mr. Electric's 131. Mr. Electric has been operating 32 years (founded 1994) versus 30 for Mister Sparky (founded 1996), a 2-year tenure gap that affects unit-economics maturity and FDD revision history.
SBA Lending Profile
Mr. Electric has the deeper SBA lending track record, with 145 7(a) approvals compared with 26 for Mister Sparky.
Risk Signal
SBA default rates are 0.0% for Mister Sparky and 9.0% for Mr. Electric, Mister Sparky has the cleaner SBA loss record by 9.0 points. PeerSense FPI scores come in at 82 (Excellent) for Mister Sparky and 86 (Excellent) for Mr. Electric, giving Mr. Electric the stronger composite signal across SBA performance, lender appetite, and operational consistency.
Health & Performance
FPI Score | 82/100 | 86/100 |
Health Tier | Excellent | Excellent |
Confidence | N/A | N/A |
Lending Trend | Growing | Growing |
SBA Lending
SBA Loans | 26 | 145 |
SBA Volume | – | – |
Default Rate | 0.0% | 9.0% |
Peer Tier | established | major |
Investment & Costs
Total Investment | $85K to $277K | $152K to $315K |
Franchise Fee | $33K | $43K |
Royalty Rate | 6% | 6% |
Ad Fund | 1.5% | 2% |
Liquid Capital | $75K | $65K |
Net Worth Required | $150K | N/A |
Financial Performance (Item 19)
Item 19 Status | Disclosed | Disclosed |
System Size & Operations
Total Units | 215 | 131 |
Franchised Units | 209 | 131 |
Company Owned | 6 | – |
Term Length | 10 yrs | N/A |
Brand Information
Year Founded | 1996 | 1994 |
Franchising Since | 2021 | 1994 |
Years Franchising | 5 yrs | 32 yrs |
Headquarters | Columbia, MD | Waco, TX |
Category | Electrical Services | Electrical Services |
Website | ||
FDD Year | 2026 | 2025 |
Which Is Better, Mister Sparky or Mr. Electric?
Lower upfront capital required
Mister Sparky
Mister Sparky: $85K starting · Mr. Electric: $152K starting
More SBA lender confidence
Mr. Electric
Mister Sparky: 26 SBA loans · Mr. Electric: 145 SBA loans
Lower SBA default rate
Mister Sparky
Mister Sparky: 0.0% · Mr. Electric: 9.0%
Larger system & brand presence
Mister Sparky
Mister Sparky: 215 units · Mr. Electric: 131 units
Lower ongoing royalty load
Tie
Mister Sparky: 6% · Mr. Electric: 6%
More lender financing options
Mr. Electric
Mister Sparky: 14 unique lenders · Mr. Electric: 50 unique lenders
Decision matrix uses publicly disclosed FDD and SBA loan data. Not a recommendation. Your best franchise depends on capital, market, operating capacity, and risk tolerance.
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About These Franchises
Mister Sparky vs Mr. Electric: Franchise Funding Comparison
Comparing Mister Sparky and Mr. Electric is about more than brand preference. It's about which franchise fits your financial profile and funding strategy. Investment ranges from $85K to $315K.
Mister Sparky has 26 SBA loans on record and Mr. Electric has 145. Those totals are cumulative history rather than a measure of current appetite. Both brands have an established underwriting path, though the lender that fits a specific deal still depends on its size, location and the buyer.
SBA 7(a) loans are the most common franchise funding vehicle, offering up to $5M with as little as 10% down. PeerSense connects franchise buyers with the specific lenders who have approved loans for these brands, not generic referrals, but lenders with actual franchise lending track records.
Data sourced from SBA loan records, Franchise Disclosure Documents, and public filings. Updated regularly. Not financial advice, consult with a lending professional before making investment decisions.
Mister Sparky vs Mr. Electric, Frequently Asked Questions
Which is a better franchise investment, Mister Sparky or Mr. Electric?
How much does a Mister Sparky franchise cost compared to Mr. Electric?
Can I finance Mister Sparky or Mr. Electric with an SBA loan?
Which has a lower SBA default rate, Mister Sparky or Mr. Electric?
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Page Review
Reviewed by Edward L. Freeman, Founder and Managing Director, PeerSense
- PeerSense is a capital advisory firm that places commercial financing with direct capital sources; it does not lend, fund, or approve loans, and the capital source sets final terms.
- Edward L. Freeman founded PeerSense in January 2020.
- He is a Registered Franchise Consultant with Business Alliance, Inc., a credential issued in March 2022, and worked as a franchise consultant there from March 2022 to May 2023.
- His recorded experience includes a $22 million SBA construction loan, with about $16 million funded on the deal.
- In the 12 months through September 30, 2026, PeerSense tracked 912 publicly announced financings with a disclosed size of $361.32 billion. PeerSense Capital Data Report · Methodology page
Last reviewed LinkedIn profileAbout Edward Freeman