Franchise Factbook
Mr. Electric

Mr. Electric

Partial FDD data
HVAC/Handyman · Waco, TX · Founded 1994 · Franchising since 1994
Meets our QA bar · 0.85Unclaimed profile
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Total to open · Item 7
$160K–$357K
Franchise fee · Item 5
$42,500
Included in the total above
Owner turnover
9.0%/yr
3-yr average from Item 20 — lower is better
Factbook Score
Mixed
computed, never sold
✓ No bankruptcy disclosures2 litigation disclosures · Item 3No Item 19 earnings dataWhy these flags?

Beyond the filing

Everything else on this page is quoted from Mr. Electric's franchise disclosure document. This is not — it is measured off the open web, it is not verified by the franchisor, and it never affects the Factbook Score.

Customer rating
4.9 / 5
17,054 Google reviews across 18 locations
Website health
10 / 10
Basic checks: HTTPS, mobile viewport, speed, metadata. Most sites clear them
Store locator
Yes
Their site has a finder that sends customers to their nearest branch — how walk-in trade reaches a franchisee
iPhone app
0.0 / 5
0 App Store ratings · Mr Electric
Android app
Yes
Play Store link published on their own site. Google offers no free ratings API, so there is no score to show
Google returns at most twenty locations for a search, so the rating is a sample of Mr. Electric's outlets rather than all of them. Measured Sep 11, 2026.

Seen advertising or featured on: ServiceTitan (per mandatory Call Center/software system references). Noted for provenance — paid placement elsewhere has no bearing on anything shown here.

Research this brand properly

Every figure on this page comes from Mr. Electric's own disclosure filings, source linked. Compare it against its category before any discovery call — and read the FDD with an attorney before signing anything.

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Get introduced to Mr. Electric

We pass your details to their franchise development team so they can contact you directly. We are not a broker, we are not paid per introduction, and your details are never sold to a lead network.

Where you'd want to open — territory availability is the first thing they'll check.

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Claim Mr. Electric

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Franchise Factbook · verified
Opening a Mr. Electric: $160K–$357K
From its official FDD · franchisefactbook.com
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Data-integrity flags on this profile
  • infook
Royalty
6%
+ 2% brand fund
Franchised units
472
As of 2025
3-yr unit growth
+14.5%/yr
CAGR from Item 20

What it really costs

Every cost figure this brand's filing discloses — not just the headline range

Total initial investment · Item 7$160K–$357K
$0$500K
ExpenseLowHigh
Initial franchise fee$42,500$42,500
Total initial investment$159,500$357,425

Item 7 reports a total range, not a full line-item breakdown, in this brand's filing excerpt — the franchise fee is the only cost we can show separately today.

Costs more to open than 64% of home services franchises on this site with a disclosed Item 7 range (203 compared). Computed from total investment, not a figure from the filing itself.

Earnings disclosure

Does the franchisor share performance data? No

This brand's filing does not include an Item 19 financial performance representation. That's common — a large share of franchisors disclose nothing here — but it means you should ask for unit-level economics directly during discovery calls. Compare against home services brands that do disclose one.

Legal history

CLEAR
No bankruptcy disclosures for the franchisor or its officers.
2 CASES
2 disclosed administrative/consent matters involving Neighborly-family affiliates, not Mr. Electric itself: (1) FOR Franchising LLC (Window Genie predecessor) - CA Dept. of Business Oversight consent order, Nov 2017, failure to submit franchise ads for review before use, $5,000 penalty + remedial training; (2) Molly Maid, Inc. - Kansas consent judgment, Nov 2010, alleged Kansas Consumer Protection Act violations re: employee background-check documentation, $25,000 civil penalty + $25,175 cost reimbursement.
PROTECTED
Item 12 grants a protected territory.
NOTED
Non-compete: 2 year(s) / 5 mile(s) after leaving the system.

Openings, closures & reacquisitions

The numbers ranking sites don't show — straight from the brand's filings

OpenedClosed / terminated / not renewedReacquired
543602023823802024803002025

Tell me when Mr. Electric files something new

Franchisors refile every year, and fees, investment ranges and closure counts move between filings. We'll email you when this brand's figures change — nothing else, and never a sales sequence.

Tell me when these brands file something new

Fees change, disclosure documents get refiled, and outlet counts move every year. We'll email you when any of your 1 saved brand changes — Mr. Electric. This is the only time your shortlist leaves your browser, and no franchisor is told you are watching them.

The Factbook Brief

Fee changes, closure-rate movers, and one honest brand teardown. One email a week. We never sell your address see how we make money.

Common questions

Answered from this brand's own FDD filing. Where the filing is silent, the question is left out rather than answered with a guess.

How much does a Mr. Electric franchise cost?

Mr. Electric's most recent Franchise Disclosure Document puts the total estimated initial investment at $160K–$357K. That is Item 7, which covers everything needed to open — the franchise fee, build-out, equipment, opening inventory and initial working capital. The initial franchise fee itself is $42,500, and is included in that range.

What royalty does Mr. Electric charge?

Mr. Electric charges a continuing royalty of 6% of gross sales, disclosed in Item 6. A separate brand or advertising fund contribution of 2% applies on top. Royalties are charged on revenue, not profit, so they are owed whether or not the outlet is profitable.

Does Mr. Electric disclose earnings (Item 19)?

No. Mr. Electric makes no financial performance representation in its FDD. Item 19 is the only optional item under the FTC Franchise Rule, so omitting it is lawful and common — but it means the franchisor publishes no revenue or profit figures for its outlets, and any figure quoted elsewhere is not from the filing.

How many Mr. Electric locations closed?

In its most recent reported year (2025), Mr. Electric opened 80, closed 18, terminated 10 franchised outlets, ending the year with 472. Averaged over three years, 9.0% of the system turned over annually — outlets closed, terminated, not renewed or reacquired. These counts come from Item 20, which every franchisor must file.

Does Mr. Electric give a protected territory?

Mr. Electric's FDD describes a protected territory in Item 12. Protection varies in what it actually excludes — franchisors commonly reserve online sales and alternative channels inside it — so the wording in the filing matters more than the yes.

Facts on this page are sourced from Mr. Electric's Franchise Disclosure Document.

Item 5 fee shown is the minimum for a territory up to 100,000 population ($425/1,000 population thereafter); a rural-territory special price of $20,000 is available for smaller territories. Average fee actually paid in 2024 was ~$59,271 (range $34,289-$150,794) after VetFran (20% off), multi-unit, roll-in, additional-concept, and HIRE-program discounts. Item 6 brand fund (MAP) is 2% for Mr. Electric locations vs 1.5% for co-branded 'Neighborly Electric' locations; local marketing groups can add up to 3% more. Item 7 total investment includes $43,750 payable to franchisor/affiliates; area-development (PE-owner) totals run $156,250-$331,925. Item 4: no franchisor bankruptcy, but parent KKR (acquired controlling interest Aug 2021) has had 5 unrelated portfolio companies go through Chapter 11 (2021-2024), all since emerged - noted for context only. Item 19 explicitly not provided (boilerplate directs prospects to seek info from current/former franchisees). Item 20: only the current total (211 US units as of Dec 31, 2024) was captured in the fetched excerpt; no historical opened/closed/transferred table was returned.