Mr. Electric

Reliable electrical work is essential for homes and businesses, where safety risks and technical complexity make skilled professionals necessary. Mr. Electric was established in 1994 in Waco, Texas, as part of the then named Dwyer Group, and its corporate headquarters remains in Waco, Texas, USA. The brand now operates as a subsidiary of Neighborly, described as the world's largest home services franchisor, with 30 industry leading brands, more than 5,000 franchises worldwide, and service to more than 12 million customers. Joel Worthington is President of Mr. Electric. Buyers should distinguish this franchise from an unrelated company called Mr. Electric, reportedly founded by Ken J. Kotrady in 1976 in Plantation, Florida. The franchise opportunity discussed here is the Neighborly backed business. Mr. Electric had approximately 211 U.S. locations in 2024. Other sources report more than 200 franchise locations worldwide, nearly 200 locations worldwide, 235 franchise units, and 240 total units. In 2025, the system reported 211 total units, all franchised owned. The brand operates in the United States, Canada, and the U.K. It entered Canada in 1996 and the U.K. in 1997, and serves customers in more than 195 locations across North America. It also plans aggressive expansion of its U.K. network of electrical service professionals. The broader Electrical Service Market was valued at USD 773.30 billion in 2025 and is expected to reach USD 1,117.67 billion by 2034. Other reports describe the electrical business as a $155 billion industry, with the Electrical Services Market exceeding USD 135.33 billion in 2025 and projected to surpass USD 228.98 billion by 2035. The global Electrical Services Market was valued at USD 16.09 billion in 2025 and is expected to reach USD 22.74 billion by 2033. Another report valued it at USD 122.17 Billion in 2024. Entrepreneur ranked Mr. Electric the #1 electrical services franchise in 2025, and the brand has been recognized among the magazine's Franchise 500®.

Electrical services benefit from recurring demand and a large customer base. The electrical business grew at an annual rate of 5.3% over the last 5 years. Other forecasts project a CAGR of more than 5.4% from 2026 to 2035, 6.2% from 2024 to 2030, and 3.92% from 2025 to 2033. The electric service companies market is forecast to increase by USD 13.45 billion at a CAGR of 7.46% between 2023 and 2028. Electrical work is often required for homes and businesses, and licensed professionals are needed because of safety codes and technical requirements. That reduces the role of do it yourself competitors. Demand is also supported by urbanization, industrialization, new infrastructure, existing infrastructure upgrades, and infrastructure development projects. Investment in solar and wind power, along with smart grid development, creates additional work. The renewable energy sector is projected to grow at a CAGR of more than 8% through 2030. Energy efficiency efforts are increasing demand for efficient lighting, HVAC systems, and appliances, which can reduce energy consumption by up to 30%. Homes and businesses are also adopting smart technology upgrades. The global shift toward electric vehicles requires more charging infrastructure, and Mr. Electric is a government approved installer of EV charging points in the U.K. Digital monitoring, predictive maintenance, and smart energy systems are contributing to a 24% improvement in system uptime and efficiency. AI powered data centers are responsible for 27% of incremental electrical service demand in 2025, particularly for power distribution and cooling infrastructure upgrades.

The initial Mr. Electric franchise fee is approximately $42,500. Older information lists a fee of $35,000. Larger territories may include an additional $425 for each 1,000 people above a minimum population. Total initial investment is generally about $152,000 to $314,925. Expenses include the franchise fee, equipment, initial training fees, a service vehicle costing $3,500 to $55,000 depending on its model and customization, specialized tools, insurance costing $5,000 to $7,500, initial advertising, marketing, and promotional spending of $30,000 to $60,000, training travel, lodging, and food expenses of $8,000 to $16,000, deposits, permits, and licenses of $1,000 to $2,500, professional fees of up to $5,000, potential real estate costs of up to $6,000, and additional funds for 3 months of $50,000 to $100,000. Other reported investment ranges are $139,900 to $288,500 and $83,400 to $184,750. Differences may reflect market conditions, territory size, vehicle choices, and initial marketing decisions. Franchisees are required to maintain at least $65,000 in liquid capital. Other sources cite minimums of $50,000 or $40,000. The ongoing royalty is 6% of gross sales. The marketing or advertising fund contribution is generally 2% of gross sales, although one source reports a 4% national brand fund fee. Combined royalty and advertising contributions are typically about 8% of revenue. These funds support brand use, operating systems, ongoing support, national marketing, digital advertising, and brand development. As part of Neighborly, Mr. Electric has access to shared resources and market intelligence across 30 industry leading brands. Qualified veterans may receive 20% off the initial franchise fee through VetFran. Another source reports a 15% discount.

The operating model is designed for owners who may not have electrical industry experience. Franchise owners oversee licensed electricians and technicians who provide installations, repairs, maintenance, and upgrades for residential and commercial customers. The owner focuses on business management, customer service, staffing, and growth rather than performing electrical work. Field staffing generally requires licensed electricians and technicians, while office personnel handle scheduling, customer communication, and administrative duties. Mr. Electric primarily operates as a mobile service business, with equipped service vehicles serving as operating hubs. This format can reduce the need for dedicated real estate and can lower overhead compared with a traditional location. New owners complete a two week training program at corporate headquarters in Waco, Texas. Training covers office setup, daily operations, proprietary software platforms, business systems, company culture, team development, and finance management. The franchisor also provides continuing learning opportunities, personalized coaching, national marketing, business consultation, a dedicated Franchise Coach, marketing materials, a proprietary scheduling and software platform, and access to Neighborly's wider franchise network. ProTradeNet® provides group buying access for equipment and supplies. In 2023, participating Neighborly brand franchise owners received more than $8.7 million in rebates and achieved $98 million in upfront savings through more than 250 preferred vendors, including Lowe's and The Home Depot. The franchisor states that no industry experience is required. Owners can hire licensed electricians and technicians for technical work. Mr. Electric offers designated and protected territories intended to support cooperation among franchisees rather than direct competition. Territories are planned with room for growth in markets across North America and can support expansion to multiple units. The model can suit an owner operator, semi absentee owner, or executive owner when a capable management team oversees daily operations.

Estimated owner operator earnings are between $41,116 and $51,395. That market size creates revenue potential for well managed units that capture local demand. Entrepreneur ranked Mr. Electric the #1 electrical services franchise in 2025. The system had approximately 211 U.S. locations in 2024 and 211 total franchised units in 2025. It serves the United States, Canada, and the U.K., including more than 195 locations across North America.

Mr. Electric began franchising in 1994 and had approximately 211 U.S. locations in 2024. Other sources report more than 200 franchise locations worldwide, nearly 200 locations worldwide, 235 franchise units, and 240 total units. In 2025, the brand reported 211 total units, all franchised owned, with no company owned operations reported. International growth began with entry into Canada in 1996 and the U.K. in 1997. The system now serves customers in more than 195 locations across North America and has aggressive plans for further expansion of its U.K. electrical service professional network. Neighborly ownership provides access to continuing corporate development, strategic investment, a proprietary scheduling and software platform, and shared resources across 30 industry leading brands. The platform is intended to support operations and customer service. Neighborly's ProTradeNet® group buying program gave participating Neighborly brand franchise owners more than $8.7 million in rebates and $98 million in upfront savings in 2023 through a network of more than 250 preferred vendors.