Mister Sparky
The total investment to open a Mister Sparky franchise ranges from $84,570 to $276,702. The initial franchise fee is $33,000. Ongoing royalties are 6% plus a 1.5% advertising fee.
What is the Mister Sparky franchise?
Founded in 1996 and franchising since 2006, Mister Sparky has grown to more than 215 locations across the United States within the Authority Brands family, one of the nation’s leading home services franchise organizations. The brand serves residential and commercial customers and is known for on time service supported by punctuality guarantees.
Electrical work supports modern residential and commercial life, with demand driven by repairs, upgrades, aging housing stock, and code compliance during sales and renovations. New revenue categories include electric vehicle charging stations, smart home technology, solar panel systems, and energy efficient lighting. At the same time, the electrical trades face a shortage of qualified electricians. Customers often encounter independent contractors with inconsistent availability and variable quality, which gives a branded service model with clear guarantees an advantage.
Mister Sparky provides residential and commercial electrical services through a branded franchise system. Its offerings include repairs, installations, panel upgrades, whole home rewiring, EV charger installation, generator installation, lighting design and installation, ceiling fan installation, surge protection, and smart home electrical integration. The on time guarantee gives customers a credit for every minute an electrician arrives late. Scheduling, dispatch, and CRM systems support the management of multiple trucks and electrician teams, while Authority Brands provides shared resources in marketing, technology, human resources, and strategic planning.
The investment differs for conversions and new businesses. Converting an existing electrical business requires approximately $84,570 to $204,824, while a new build requires $133,273 to $276,702, according to the April 2025 Franchise Disclosure Document. The franchise fee is $33,000. Qualified candidates may receive financing for the franchise fee itself. Ongoing fees include a royalty of 6 percent of gross revenue or $1,500 per month, whichever is higher, plus a tiered Brand Fund fee starting at 1.5 percent. Financial qualifications include $75,000 in minimum liquid capital and a $150,000 net worth. Veterans receive a 30 percent discount on the total franchise and territory fee through the IFA VetFran program. Qualifying minority owned and women owned businesses receive a reduced franchise fee of $5,000 through DiversityFran.
Revenue sources include essential electrical work and services such as installations, upgrades, and repairs. Authority Brands also supports cross brand referrals with One Hour Heating and Air Conditioning and Benjamin Franklin Plumbing. PeerSense tracks SBA lending data for Mister Sparky, including approval patterns related to the brand’s business model, revenue performance, and demand for electrical services.
Authority Brands added 210 franchise owners across more than 322 new territories systemwide in 2024. Mister Sparky ranked No. 283 on Entrepreneur’s 2025 Franchise 500 and has appeared on the Franchise Times Top 200+ list continuously since 2018. Franchisees can add One Hour Heating and Air Conditioning and Benjamin Franklin Plumbing territories, sharing marketing costs, customer relationships, and operating infrastructure. The system includes 57 franchisees operating across 163 territories, leaving room for new investors and existing home services operators to expand.
The ideal franchisee brings business management and leadership skills, along with a focus on customer service. Electrical contracting experience can help, but the model is built for operators who manage and grow the business while qualified electricians handle technical work. Franchisees must recruit, train, and retain technicians, develop marketing and sales programs, and build a customer focused culture that supports reviews, referrals, and repeat business. Mister Sparky also attracts experienced entrepreneurs and multi brand operators building home services portfolios within Authority Brands.
PeerSense provides franchise research on Mister Sparky and thousands of other brands. Buyers can use this information to compare Mister Sparky with other trades services concepts, assess the Authority Brands platform, and review the brand’s lending profile against industry benchmarks. PeerSense is a commercial capital advisory firm that introduces qualified franchise buyers to SBA and conventional lenders; it does not lend or approve loans.
Loan Activity Score
82/100
SBA Default Rate
0.0%
Active Lenders
14
Franchisees account for 209 of Mister Sparky's 215 locations. Public SBA loan records show 14 lenders made 26 loans to franchisees of Mister Sparky. PeerSense calculates Mister Sparky's score as 82 out of 100, using public SBA loan performance and recent lending activity. Cost figures are based on the 2026 Franchise Disclosure Document.
Franchising since 1996 · 215 locations
$84,570 to $276,702
$33,000
215
209 franchised
Proprietary PeerSense metric
ExcellentDistinct lenders in public SBA records for Mister Sparky
26
Total SBA loans
$244K
Average loan size
Source: public SBA 7(a) and 504 loan records through December 31, 2025
Referral fee at closing
SBA Lending Activity for Mister Sparky
Loan Activity Score Breakdown
Established (25 to 99 loans)
Are lenders increasingly or decreasingly funding this brand? Growing trends score highest.
Blended default rate (recent + all time) compared to NAICS sector peers.
Quality lenders actively backing this brand, with penalty for lender pullback.
FDD availability, Item 19 disclosure, and overall data completeness.
Geographic spread of SBA funded locations across states.
SBA Lending Performance
SBA Default Rate
0.0%
vs 7.6% peer avg
SBA Loans
26
Total Volume
$6.3M
Active Lenders
14
4 selective
States
17
vs. SBA Sector Average
SBA loan default rate vs. all franchises in the same NAICS sector, not limited to direct competitors
Key Highlights
Franchise Financing Resources
Data Insights
Key performance metrics for Mister Sparky based on SBA lending data
SBA Default Rate
0.0%
7.6% below peer avg
SBA Loan Volume
26 loans
Across 14 lenders
Lender Diversity
14 lenders
Avg 1.9 loans per lender
Investment Tier
Mid range investment
$84,570 to $276,702 total
Mister Sparky: Deep SBA Data
Brand specific metrics derived directly from SBA 7(a) approval records: peak lending year, leading state, average loan size, and lender concentration. PeerSense computes these per brand so capital advisors and prospective franchisees can benchmark this opportunity against the rest of the franchise universe.
Peak SBA Year
2025
11 approvals. The best year on record for Mister Sparky.
Top SBA State
California
4 SBA financed Mister Sparky locations, the densest operator footprint.
Average Loan Size
$244K
Median $225K. Use as a sizing anchor when modeling your own Mister Sparky unit.
Lender Concentration
65.4%
Concentrated
Share of Mister Sparky approvals captured by the top 3 SBA lenders.
Mister Sparky's SBA lending pipeline peaked in 2025 (11 approvals). The last five fiscal years account for 85% of cumulative volume ($4.4M approved). Operator density is highest in California with 4 SBA financed locations. Average funded ticket sits at $244K, with the median at $225K. Lender mix is concentrated: the top three SBA lenders account for 65.4% of approvals. Credit decisions concentrate with a small group of incumbents.
Payment Estimator
Estimated Monthly Payment
$875
Principal & Interest only
Indicative only, as of October 1, 2026. Not a quote, commitment or offer of credit. Final pricing, leverage and terms are determined by the lender at underwriting, after full transaction materials are reviewed. PeerSense sources the file. The lender sets pricing. What these terms mean.
Locations
Mister Sparky, unit breakdown
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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