Mister Sparky vs Mr. Electric
Mister Sparky vs Mr. Electric: Mister Sparky costs $85K–$277K to open; Mr. Electric costs $152K–$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, lower default rate, and lower royalty load is the safer financing bet — see the comparison below.
Mister Sparky vs Mr. Electric — Capital, Scale & Lending Analysis
Data-driven differentiation pulled from 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 historical 7(a) approvals versus 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 historical loss profile 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 – $277K | $152K – $315K |
Franchise Fee | $33K | $43K |
Royalty Rate | 6% | 6% |
Ad Fund | 1.5% | N/A |
Liquid Capital | $75K | $65K |
Net Worth Required | $150K | N/A |
Financial Performance (Item 19)
Item 19 Status | Disclosed | Not 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 historical 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.
Need Funding for Mister Sparky or Mr. Electric?
PeerSense connects you with 500+ SBA lenders and capital sources. Our referral fee is established upfront and paid at closing. No retainers.
SBA Lenders & Capital Sources
Retainers or Consulting Fees
10% Down Franchise Loans
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.
Both brands have active SBA lending histories — Mister Sparky with 26 SBA loans and Mr. Electric with 145. This means proven lender acceptance and established underwriting paths for franchise buyers.
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.